Market Overview

Lawyer Phone Lines Are Heating Up In The Summertime

Lawyer Phone Lines Are Heating Up In The Summertime

Summer temperatures are heating up and corporate lawyers phones are lighting up, as financial media report one high-profile suit after another.

Here are some notable litigious acts perpetrated since the start of June:

  • June 7 - Nike Inc (NYSE: NKE) sues athlete Boris Berian when he switched to representing New Balance Athletics.
  • June 22 - Starbuck Corporation (NASDAQ: SBUX) saw a judge approve a lawsuit claiming it underfills customers’ latte drink cups. The same day, it was reported that a group of New York hedge funds is suing the government of Puerto Rico for allegedly dodging payments on $3.5 billion in bonds.
  • June 29 - Visa Inc (NYSE: V) filed a countersuit against Wal-Mart Stores, Inc. (NASDAQ: WMT), which sued filed suit against Visa back in the Spring regarding chip card payments.
  • July 7 - T-Mobile US, Inc (NASDAQ: TMUS) sued by Huawei for allegedly using its tech after refusing a deal to license its patents.
  • July 15 - Appellate court rules Berkshire Hathaway Inc employees can sue Berkshire for pension fund freeze.

Posted-In: News Legal Best of Benzinga


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