Commercial
VimpelCom to Pay $795 Million to Settle U.S. Bribery Claims
NEWS
More than $114 million in bribes, according to federal prosecutors, was funneled to the Uzbek official during a six-year period by the firm, which issues publicly-traded securities in the U.S. The companies concealed the bribes through various payments to a shell company.
Watch Your LOIs and MOUs and ‘Agreements to Agree’
Article
If you are working with a third party on a term sheet, letter of intent or memorandum of understanding (an “LOI”) on what you view as a non-binding basis, make sure to say so explicitly in the LOI, advises Perry Patterson of Buchanan, Ingersoll & Rooney.
Dallas Medical Products Company ThermoTek Wins $9.6 Million in Fraud Case
NEWS
U.S. District Judge Sidney Fitzwater has entered a judgment of $9.6 million for medical products manufacturer ThermoTek Inc. after a jury found that a competitor fraudulently obtained the company’s business information for a series of physical therapy machines.
Be Wary of Certain ISV and Embedded Software Agreements
Article
Vendors considering royalty ISV or other embedding agreements need to scrutinize the terms of such agreements and carefully consider whether they are willing and capable of satisfying all of the obligations those agreements typically entail.
Ex-President of Truck Stop Company Indicted in Alleged Rebate Scam
NEWS
The former president of Pilot Flying J, the $31 billion truck stop company run by the family of Tennessee Gov. Bill Haslam, has been indicted in connection to a rebate fraud scheme, reports The Tennessean.
Fortune 500 General Counsel David Black Joins Carrington Coleman
NEWS
Former Fortune 500 general counsel David W. Black has joined Dallas-based Carrington, Coleman, Sloman & Blumenthal, LLP as a partner working in corporate transaction and counseling services.
Akerman Adds M&A and Private Equity Partners Max Drake and Paul Quinn in Chicago
NEWS
Akerman LLP announced the expansion of its national Corporate Practice Group with Chicago partners Paul Quinn and Mason “Max” Drake.
Confusing Contracts Language as Litigation Strategy?
Article
Myanna Dellinger of the University of South Dakota School of Law has posted a discussion of a recent case in which a judge faulted Uber with presenting its drivers with a contract that was “likely, frankly, to engender confusion.”
Court Rules on Convention on Contracts for the International Sale of Goods
Article
A court has ruled that the UN Convention on Contracts for the International Sale of Goods applied in a contract case in which the plaintiff claimed that the defendant had delivered a nonconforming product.
‘Smart Contracts’ Are the Future of Blockchain
Article
“Smart contract” essentially means “programmable money” or self-automated computer programs that can carry out the terms of any contract.
Latham & Watkins Advises NBTY on Vitamin World Sale
NEWS
NBTY, Inc., a global leader in vitamins, nutritional supplements and sports and active nutrition, has announced that it has entered into a definitive agreement to sell its U.S. retail business, Vitamin World, to Centre Lane Partners.
Quarles and Brady Partner Andre Fiebig Publishes Two Books
NEWS
Andre Fiebig, a partner at Quarles & Brady, authored two books on antitrust law issues for Thomson Reuters and the American Bar Association.
Jury Orders Wal-Mart to Pay Pharmacist $31.22 Million in Bias Case
NEWS
A federal jury in New Hampshire ordered Wal-Mart Stores Inc. to pay $31.22 million to a pharmacist who claimed she was fired because of her gender and in retaliation for complaining about safety conditions.
The Five Top Compliance Related Events of 2015
Article
Even though the number of Foreign Corrupt Practices Act (FCPA) enforcement actions dropped during 2015, there were several significant lessons for the compliance practitioner, writes Thomas Fox.
Oregon Man Files Suit Against Fantasy Sports Sites
NEWS
A class-action suit has been filed in federal court in Portland against two daily fantasy sports sites, FanDuel and DraftKings, alleging both businesses are operating illegal online sports betting, reports The Oregonian.
Nexstar Wins Media General in $4.6 Billion Deal
NEWS
Nexstar announced plans to merge with Media General, edging out publisher Meredith to consummate a deal valued at $4.6 billion.
Gardere Names New Global Supply Network Industry Team Leaders
NEWS
Gardere Wynne Sewell LLP announced that partners Joyce Mazero and Leonard H. (Len) MacPhee will lead the firm’s Global Supply Network Industry Team from its Dallas and new Denver offices.
Electronic Signature Laws Around the World: eBook
White Paper
The widespread adoption of e-signatures has been supported by electronic signature laws around the world, including the Americas, Europe, Middle East, Africa and Asia-Pacific.
Trial Lawyer Robin Harrison Joins Houston-Based Hicks Thomas
NEWS
Trial lawyer Robin L. Harrison has joined the Houston-based commercial litigation firm Hicks Thomas LLP as a partner.
Supreme Court Holds Unaccepted Offers for Full Relief Do Not Moot Class Actions
Analysis
A defendant cannot moot a putative class action by merely offering full relief to the named plaintiff on his or her individual claims.
