ContractsProf Blog

Editor: Myanna Dellinger
University of South Dakota School of Law

Tuesday, November 23, 2010

News in Brief -- Tuesday, Nov. 23, 2010

WHITE PLAINS (N.Y.): "The U.S. Tennis Association is suing Olympus Corporation of the Americas for $11.65 million for breach of contract, saying the camera company wants to get out of their sponsorship agreement for 2011."

TORONTO (Ont.): "Shoppers Drug Mart Corp. said Monday it's being sued for $1 billion by two of its licensed associate_owners. The suit claims breach of contract by the pharmacy company."

FLINT (Mich.): "As you drive through some of Flint's neighborhoods, do you ever wonder why there are so many vacant, dilapidated homes?"

TRENTON (N.J.): "With Gov. Chris Christie blocking Jersey’s public schools from giving superintendents overpaid new contracts, the state Assembly on Monday passed a bill, 78-0, that would subject top school executives to standardized contract guidelines.

DAYTON (Ohio): "Boeing Co. will have to wait until 2011 to learn the fate of a $35 billion U.S. Air Force contract for tanker refueling planes, according to several reports."

DUBLIN (Eire): "Contracted Bohemians [F.C.] players will receive one week's wages today, but the Dubliners remain engaged in a race against time to agree redundancy packages after making progress with respect to their tax bill."

A MADISON (Wisc.): "Before their session ends, the Democrats in the Wisconsin Legislature are attempting to approve labor contracts for unions in a special session in December. Gov. Jim Doyle [right] reached a tentative labor contract with six labor unions this month, despite requests from Governor-elect Scott Walker that Doyle refrain from making contract agreements in the final six weeks of his tenure as governor."

SÃO PAOLO (Brazil): "Enap, Chile’s state-owned oil company, will sign a new contract with Ecuador on Tuesday amid speculation that two foreign oil majors are poised to leave the country. Petrobras of Brazil, and Repsol of Spain, have refused to comment on negotiations before midnight on Tuesday local time—Ecuador’s deadline for foreign companies to accept a demotion to service_provider status or agree to hand over their operations to the state."


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