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Legal News

News

Top Headlines

[12/03] Congress reviews Big Three survival plans
[12/03] Smoker's widow seeks $79.5M award at high court
[12/03] FBI agents stage sting to snare corrupt Ill. cops
[12/03] Dems' hopes for Senate supermajority dashed in Ga.
[12/03] US soldier faces hearing in 2007 deaths of Iraqis

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Business

[11/25] Analysis: Geithner is already shaping the economy
[11/25] Seuss lawyers stop holiday Who-ville in Louisville
[11/07] Man attempts to pay $32 bar tab with gum wrappers
[11/06] Retiree seeks return on 10,000 Obama front pages
[12/02] Road salt shortage, soaring prices vex states
[11/26] Sour note: Md. mall quiets Salvation Army bells
[11/25] Ready for Armageddon, church retails to the masses
[11/21] Americans still giving, despite economic meltdown
[11/20] 3 airports opening new runways amid economic woes
[11/11] Wartime economy boosts real estate near bases

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Real Estate

[12/03] Mortgage application, refinance volume surge
[12/03] Dubai retreats on just-announced $95B development
[12/03] Northern Rock extends repossessions grace period
[12/02] Homex Announces 2009 Revenue Guidance Above the Industry's Expected Average Growth Rate
[12/02] Akerman to Provide Contractor's Survival Guide to Weather Tough Financial Climate
[12/02] The New York Foundling to Mark 140th Year With Nationwide 'Homecoming' Drive to Locate and Bring Together Adoptees, Former Foster Children and Those Who Cared for Them
[12/02] Banyan Tree Residences Mayakoba Launches Villa Sales, Prepares for Hotel Opening
[12/02] Innovative San Francisco Designer Reinvents Contemporary Living Spaces
[12/02] Beazer Homes 4Q loss balloons as revenue plunges
[12/02] Unicredit offers mortgage relief in Italy

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Mergers and Acquisitions

[12/03] Late challenge to $4.7B bid for Constellation
[12/03] Sweden ready to support but not buy Volvo, Saab
[12/02] British Airways in merger talks with Qantas
[12/02] Ciba shareholders OK takeover by Germany's BASF
[12/01] NHS Human Services to Take Over Tri County Human Services Center
[12/01] Genstar Capital Launches New Senior Care Services Platform UniVita Health and Agrees to Acquire Outsourced Insurance Services Provider, Long Term Care Group
[12/01] Redstone sells interest in Midway Games
[12/01] Ford weighs selling Volvo amid industry downturn
[12/01] AIG sells AIG Private Bank to Abu Dhabi firm
[12/01] Johnson & Johnson buying Mentor for $1.07B

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Case Summaries

Contracts

[12/02] Lawrence v. Graubard Miller
In a suit arising from legal proceedings surrounding the administration of an estate, denial of a motion to dismiss a law firm's petition seeking to compel the payment of legal fees is affirmed where the question of whether the retainer agreement at issue was unenforceable on the basis of unconscionability, either at the time it was entered into or in retrospect, was a factual one that could not be answered at the pre-answer motion stage.

[12/02] Huschke v. Slater
In a matter involving an order for defendant attorney to pay a discovery sanction, motion to dismiss appeal is granted and court imposes monetary sanctions payable to the courts on defendant's counsel where: 1) the dispute between the parties was resolved by a settlement agreement; and 2) defendant's counsel's violation of rule 8.244 was not just unsatisfactorily explained and unreasonable, but was also injurious to the court, other parties, and taxpayers.

[11/10] Sherer v. Green Tree Servicing LLC
In a suit involving Fair Debt Collection Practices Act and Fair Credit Reporting Act claims, denial of a motion to compel arbitration is reversed where the arbitration clause in question bound plaintiff to arbitrate his dispute with defendant, even though defendant was not a signatory to the original agreement. (Revised opinion)

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Commercial Law

[12/03] Andrzejewski v. Fed. Aviation Admin.
In proceedings arising after the FAA revoked petitioner's commercial pilot's license via emergency order, pilot's petition for review of an NTSB order reversing an ALJ's decision in pilot's favor is granted and the matter remanded where the NTSB's failure to give the ALJ's implicit credibility determination the requisite level of deference was contrary to NTSB precedent and, therefore, arbitrary and capricious.

[11/25] Glencoe v. Neue Sentimental Film AG
In a matter arising out of a commercial property lease, order denying defendants attorneys fees is affirmed where: 1) when a contract provides that the prevailing party is entitled to attorney fees and the plaintiff dismisses the action with prejudice after the start of trial, the defendant is not entitled to attorney fees as the prevailing party; and 2) the defendant did not make statutory offer to compromise within the meaning of Code of Civil Procedure section 998 and could not recover attorney fees as costs under that statute.

[11/24] LaBarge Pipe & Steel Co. v. First Bank
In a suit alleging tort and contract claims relating to a letter of credit issued by defendants, summary judgment for defendants is affirmed in part and reversed and remanded in part where: 1) a facsimile letter of credit presented by plaintiff was not an original letter of credit, and plaintiff's attempt to draw on the letter was therefore invalid; but 2) an "incurable defect" exception to the provisions of Uniform Customs and Practice Article 16(d) did not apply, and defendant could not raise the defective presentation as a defense to honoring the amount of plaintiff's draw on the letter of credit; and 3) plaintiff did not produce evidence that it relied on alleged negligent misrepresentations by defendants.

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Corporation & Enterprise Law

[12/01] UnitedHealth Group Inc. v. Wilmington Trust Co.
In a company's action seeking a declaratory judgment that its failure to file timely reports with the SEC violated no duties owed to its noteholders, wherein defendant-trustee asserted various counterclaims, summary judgment for plaintiff-company is affirmed where: 1) plaintiff's delinquent filing of its form 10-Q did not amount to a default on the notes; and 2) plaintiff met all of its contractual and statutory duties, and noteholders were not entitled to accelerated payments.

[12/01] Crescent/Mach I Partners L.P. v. Dr. Pepper Bottling Co. of Texas
In a statutory appraisal action arising from an acquisition by merger, an order modifying the appraisal opinion is reversed where the dispute had become moot by operation of a settlement agreement, and the purported modification of the appraisal opinion therefore had no legal effect.

[11/26] Glazer Capital Mgmt., LP v. Magistri
Dismissal of a class action complaint alleging false statements contained in a merger agreement with a third party company is affirmed where the plaintiff has not pled facts that would either directly or indirectly give rise to a strong inference of scienter on the part of those officers responsible for making the false statements contained in the merger agreement.

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