Contracts Arbitration

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  • "I had made a mistake in denying the motion," Sontchi said, adding the matter would go forward at a hearing on Friday morning in Bankruptcy Court in Delaware. Concerned about leaks from confidential mediation in Molycorp's Chapter 11 bankruptcy, Sontchi last week ordered 123 people to disclose their contacts with Bloomberg reporters over the prior 60 days.

  • Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware last week ordered 123 people to disclose by the end of Tuesday their contacts with Bloomberg reporters regarding Molycorp over the prior 60 days. Bloomberg has reported, citing unidentified sources, that a confidential mediation ordered by Sontchi failed to produce a consensual plan to end the...

  • SYDNEY, Dec 18- A Singapore- based court has refused a challenge by Philip Morris to Australia's landmark plain packaging legislation passed in 2011, which the tobacco giant had brought under a bi-lateral trade treaty with Hong Kong, the company said. The Permanent Court of Arbitration declined on jurisdictional grounds to allow the case to proceed,...

  • Dec 16- Wall Street's industry-funded watchdog should create a pool of specially trained arbitrators to hear cases from brokers who request to clean up their public disclosure records, an arbitration task force said on Wednesday. The proposed change, aimed at bolstering existing rules on removing customer complaints from brokers' records, was one of 51...

  • WASHINGTON, Dec 14- The U.S. Supreme Court on Monday ruled for DirecTV Inc, backing the satellite television provider's efforts to enforce arbitration agreements signed by its customers in California. The dissenters were Clarence Thomas, Ruth Bader Ginsburg and Sonia Sotomayor. DirecTV said the April 2014 ruling by the California Court of Appeal, Second...

  • SAN FRANCISCO, Dec 9- A U.S. judge ruled on Wednesday that Uber drivers could participate in a class action against the company over their employment status, even if they did not opt out of an arbitration clause in their contracts. Drivers sued Uber in San Francisco federal court, contending they are employees and entitled to reimbursement for expenses, including...

  • SAN FRANCISCO, Dec 9- A U.S. judge on Wednesday ruled that Uber drivers can participate in a class-action lawsuit against the company over their employment status, even if they did not opt out of an arbitration clause in their contracts. District Judge Edward Chen in San Francisco said Uber drivers must have opted out of arbitration to be a member of the class.

  • JERUSALEM, Dec 7- Israeli firms Delek Group, Ratio Oil, and Isramco Negev said on Monday they would push ahead with talks to export natural gas to Egypt despite an arbitration ruling in a separate deal that has caused anger in Cairo. Egypt also said it would freeze negotiations that involve Delek and its partners focused on plans to send gas the other way, from...

  • DUBAI, Nov 29- An international arbitration tribunal in London, ruling in a dispute that has lasted six years, ordered the Kurdistan Regional Government in Iraq to pay $1.98 billion to a consortium including Dana Gas, the company said on Sunday. If enforced, the award could have a major impact on the fortunes of United Arab Emirates- based Dana and other natural gas...

  • DUBAI, Nov 29- The government of Iraq's Kurdistan region said it would continue to pursue huge financial claims against a consortium including Dana Gas, after the United Arab Emirates company announced it had won an arbitration award in their long-running dispute. Dana said in a statement on Sunday that a tribunal of the London Court of International...

  • NEW YORK, Nov 19- The credit card industry won a big legal victory on Thursday as a federal appeals court rejected claims by a group of consumers that big issuers colluded to require that disputes be settled in arbitration rather than through class action lawsuits. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in New York upheld a lower court ruling that...

  • NEW YORK, Nov 12- Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd for promoting the sale of counterfeit goods will resort to mediation, backing away from a threat to withdraw from the process after Alibaba founder Jack Ma said that he would rather lose the case than settle. Brands owned by Paris- based Kering SA accepted U.S.

  • NEW YORK, Nov 12- Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd for promoting the sale of counterfeit goods have backed away from their threat to withdraw from mediation, despite Alibaba founder Jack Ma's statement that he would rather lose the case than settle. Brands owned by Paris- based Kering SA accepted U.S.

  • Goldman cuts top end of legal expenses estimate Tuesday, 3 Nov 2015 | 7:21 AM ET

    Nov 3- Goldman Sachs Group Inc said on Tuesday it had lowered the top end of its estimated range for possible legal costs by about $600 million to $5.3 billion. In August, the bank had estimated legal expenses of up to $5.9 billion above what it had already set aside. The Wall Street bank is involved in a number of judicial, regulatory and arbitration proceedings.

  • TOKYO, Aug 30- Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding. VW's stake, acquired in January 2010 for 1.7 billion euros, was worth some $3.8 billion at Friday's closing price. Both companies said they welcomed the...

  • UPDATE 1-Fedex reaches tentative agreement with pilots Thursday, 20 Aug 2015 | 8:16 PM ET

    Aug 20- FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association said. Fedex and its pilots have been negotiating on employment conditions since 2011. FedEx management filed for a mediation process with the National Mediation Board in October 2014.

  • SAO PAULO, Aug 20- Brazilian retailer GPA SA said on Thursday it, along with holding company Wilkes Participacoes, would pay 212.46 million reais to Morzan Empreendimentos to settle arbitration over its takeover of home appliances retailer Globex.

  • Fedex reaches tentative agreement with pilots Thursday, 20 Aug 2015 | 6:39 PM ET

    Aug 20- FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association said. Fedex and its pilots have been negotiating on employment conditions since 2011. FedEx management filed for a mediation process with the National Mediation Board in October 2014.

  • JOHANNESBURG, Aug 12- Wage negotiations between workers in South Africa's coal sector and the employers' body, the Chamber of Mines, were deadlocked late on Wednesday and will now go to mediation. We have declared a dispute and will go through a mediation process, " Peter Bailey, the coordinator for National Union of Mineworkers told Reuters. South Africa's...

  • JOHANNESBURG, Aug 12- Wage negotiations between workers in South Africa's coal sector and the employers' body, the Chamber of Mines, reached deadlock on Wednesday and will now go to mediation. We have declared a dispute and will go through a mediation process, " Peter Bailey, the coordinator for National Union of Mineworkers told Reuters. Workers want pay increases...