September 28, 2007
In the News: September 28, 2007
The State of Minnesota is suing Sprint for allegedly extending the contracts of its customers without getting their assent.
Mercedes-Benz has apparently decided that tennis viewers aren’t its target buyers, and will not renew its contract to sponsor ATP men’s tennis. They say they'll be advertising more in different sporting fora, like equestrian events -- which suggests their target market is people who like their transportation to be slow and expensive.
A California company has won a $30.5 million verdict against Taiwan Semiconductor on claims of breach of contract and misappropriation of trade secrets.
A New York federal judge has granted summary judgment to Snapple in a lawsuit by distributors who claimed that the juice maker had violated its promises to give them exclusive territories.
Kazakhstan’s legislature is moving to allow the country to break its contracts with developers of the potentially lucrative Kashagan oil field, after they announced that safety concerns mean that the project may not open until 2010.
Buyers of two units in Tampa’s proposed Trump Tower development won a default judgment against the developer, ordering return of their $566,000 deposits plus interest. The developer says it will try to get the judgment vacated.
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