Jury awards $6 million to woman in fraud suit against bank arising out of real estate loan
In May 2006, Mary McCulley agreed to purchase a condominium in downtown Bozeman, Montana. The condo was located on the …
Commercial Litigation News
Fifth Circuit affirms $44.4 million judgment to oil, gas software company over stolen trade secrets
The oil and gas industry spends billions each year to construct oil wells. Yet, in the past, oil companies typically …
Accounting firm Grant Thorton hit with $100 million verdict for gross negligence with tax shelter
CPAs, accountants and accounting firms must perform their duties with reasonable care consistent with applicable professional and legal standards and …
Commercial litigation update: Fifth Circuit asks Texas Supreme Court whether insurance policy must be construed in favor of a “sophisticated insured”
In one of the many disputes arising from the explosion and sinking of the Deepwater Horizon, the federal Fifth Circuit …
Commercial litigation update: Fifth Circuit reverses district court, awards more than $9 million to Anadarko for breach of contract claim
Anadarko produces crude oil on the Alaskan North Slope, and Williams Alaska operates a refinery in Alaska. The two parties …
China alleges drug company GlaxoSmithKline guilty of bribery
Chinese officials have announced that four executives working for the huge pharmaceutical company GlaxoSmithKline had been detained as part of …
Skechers paying $40 million to settle consumer fraud claims over Shape-Ups toning shoes
The Federal Trade Commission has announced that more than 500,000 consumers will receive a total of $40 million in refunds …
Fifth Circuit holds that ‘stream of commerce’ approach to personal jurisdiction still applies despite Supreme Court’s McIntyre decision
In J. McIntyre Machinery, Ltd. v. Nicastro, 131 S. Ct. 2780 (2011), the Unites States Supreme Court reversed a decision …
Texas Supreme Court takes away $190,000 judgment against foundation repair company because homeowner waited too long to file lawsuit
Nelda Gonzales hired a plumber to repair water leaks under her foundation and hired Olshan Foundation Repair Co. (Olshan) to …
Foreign corporations have right to sue in U.S. courts, Louisiana court rules
Does an “alien”—including a corporation organized under the laws of a foreign country—have a right to bring a lawsuit in …