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Tag Archives: Contract

Stock Buyer’s ‘Due Diligence’ Supports Fraud Claim (access required)

An Alexandria U.S. District Court says plaintiffs who contracted to sell over 1 million shares of stock in Mediatech, a Virginia-based biotech company, but who later blamed misrepresentations by defendant buyer for their agreement to a sale price of $4 ...

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Exhibit Sealed in False Claims Act Suit (access required)

In evaluating defendant Halliburton’s motion to dismiss this False Claims Act suit filed by relator, the Alexandria U.S. District will seal “Exhibit J,” a KBR Employee Relations Investigative Report that contains confidential findings normally unavailable to the public, but the ...

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Tune-Up Franchisee Owes Lost Profits (access required)

An Alexandria U.S. District Court Magistrate Judge recommends default judgment and damages totaling $569,512 in favor of plaintiff Precision Franchising LLC, a Virginia company, against defendant K-Squared Inc., which operated four Precision Tune Auto Care franchise centers in Las Vegas, ...

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No ‘Tortious Interference’ Claim for Contractor (access required)

Defendant New York corporation sued by plaintiff, a traffic safety trade association based in Fredericksburg, over defendant’s contract to provide “Pedestrian Manager” training programs, has not sufficiently alleged a counterclaim under New York law for plaintiff’s alleged tortious interference with ...

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Consultant loses appeal over ‘secret plan’ to boost hospital income

A company that approached Rockingham Memorial Hospital with a plan to boost its Medicare reimbursements failed to prove a binding contract for a percentage of the increased revenues, a federal appeals court found last week. The 4th U.S. Circuit Court ...

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