In Connecticut, businesses may have their contracts "undone" and be forced to pay restitution if the contract contains unfair or deceptive terms and provisions. In a recent settlement, Ferrandino & Son, Inc. (F&S), a New York business, agreed to pay damages based on alleged unfair trade practices in a snow removal contract with Connecticut subcontractors. The contract laid out a payment arrangement involving a flat rate for snow removal services and a tiered bonus structure for snow removal amounts above a 30-year "average annual snowfall." The contract signed by each subcontractor included an exhibit listing the snowfall averages that would be used to calculate bonuses, however the express language of the contract required that bonuses be calculated based on 30-year "historic snowfall averages." According to the CT Attorney General (AG)'s office, the actual benchmark used for calculating the bonus structure "was not based on any industry standard or verifiable mathematical calculations of site specific historic snowfall data, and thus was not a valid 30 year snowfall average for that site." The snowfall averages listed in the contract were much higher than actual historic snowfall averages, and as a result, even when snowfall was higher than average, the subcontractors received lower compensation than if historic data had been used to calculate the bonuses.
A lawsuit was filed in Connecticut against Standard & Poor alleging that it fraudulently inflated credit ratings to gain customers. Though Standard & Poor attempted to have this business litigation moved to federal court, U.S. District Judge ruled that the case could rightfully be tried in Connecticut state court.
A Connecticut inventor has filed a claim in U.S. District Court in an effort to collect royalties that were claimed to have been owed to him. This individual states that he designed what is called the Laser sailboat, and that he was owed more than $200,000 plus interest concerning licensing agreements he had established with various Laser manufacturers back in 2011.
Connecticut-based Stanley Black & Decker has found itself involved in an intellectual property dispute that could prevent the company from distributing or selling certain screw drivers and other devices in the United States. The patent infringement lawsuit was filed by STMicroelectronics (STM) with the U.S. International Trade Commission against a company called InvenSense Inc (IVN).
An ongoing dispute involving five Connecticut nursing homes and its employees appears to have resulted in the nursing homes filing for Chapter 11 bankruptcy protection. A brief chronology of the dispute is as follows: (1) more than 600 workers at the nursing homes went on strike this past July; (2) a federal judge recently ordered the nursing homes to allow the workers to return to work; and (3) the five nursing homes filed for bankruptcy protection on February 24th.
Running a business is much different than obtaining a degree. It's for this reason that the University of Connecticut is doing what it can for potential entrepreneurs that also have degrees in engineering.
Americans have been particularly sensitive about the salaries of executives during the past five years. Recently, the U.S. Treasury Department was criticized for approving salary pay-raise requests for 18 executives that worked at American International Group, Inc., General Motors Corp., and Ally Financial, Inc. - all companies that are receiving taxpayer-funded bailouts.
The United States Federal Trade Commission (FTC) has recently dropped its lawsuit against Google regarding supposed antitrust practices in the design of its search engines. Google has been accused of promoting its own products over competitors when it comes to search engine results.
Apple has been wrapped up in another serious lawsuit that alleges patent infringement; and unlike their duel with Samsung, this legal battle did not go their way.
Logos, brand names, slogans are easily recognized by many consumers. These types of creative productions are copyrighted by many companies. In addition, companies can patent phrases. The short phrase, "best of," may not appear to be much different from other two word phrases. However, these two little words have been at the center of multiple intellectual property lawsuits.