Commercial Contracts

China’s ‘Steve Jobs’ Risks Losing Calif. Property Over Loan

Chinese tech magnate Jia Yueting could have more than $11 million of his U.S. properties seized after a Shanghai-based company asked a California federal court to enforce the decision of a Beijing arbitration committee that ordered Jia to make good on a multimillion-dollar loan…

Read this piece in its entirety at Law360.

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Merck, Glenmark Can’t Shake Zetia Pay-For-Delay MDL

Drugmakers Merck & Co Inc. and Glenmark Pharmaceuticals Ltd. lost a bid to kill multidistrict litigation alleging a pay-for-delay scheme involving the cholesterol medication Zetia when a Virginia federal judge on Thursday said an arbitration clause in Merck’s contracts with customers improperly waived their statutory rights, making it unenforceable…

Read this piece in its entirety at Law360.

Body Glove’s Tactics Didn’t Hurt Asia Licensee, Jury Says

Body Glove and its private equity owner, Marquee Brands LLC, didn’t harm the Asia licensee of the watersports company despite engaging in hardball business tactics during a dispute over licensing rights in the world’s most populous region, a California federal jury has determined…

Read this piece in its entirety at Law360.