Reports that the US Office of the Comptroller of the Currency (OCC) and the City of San Francisco, California have agreed on a settlement that allows the OCC to help the city in its lawsuit against Bank of America. Release of significant documents by the OCC; Lawsuit filed by the city to obtain the documents.
The article reports that a San Francisco, California appeals court has rejected demands by the state's largest conduit bond issuer. It is stated that the issuer demands that one of its former attorneys and employees should be barred from working on deals involving a competing issuer. Detailed information regarding the lawsuit is elaborated.
LEGAL judgments, AIRLINE industry, DISTRICT courts, INTERNATIONAL airports, BONDS (Finance), ACTIONS & defenses (Law)
Abstract
Reports on a U.S. District Court ruling reversing a bankruptcy court decision that found United Airlines was not obligated to repay a special facilities bond issue at California's San Francisco International Airport as a condition of its lease. Aspects of Judge John W. Darrah's opinion; Major blow to United Airlines; Dramatic boost in the value of the San Francisco bonds; Speculation over how the district court will rule on similar appeals.
Discusses a patent lawsuit involving two biometric vendors, BioPay LLC of Herndon, Virginia and Pay By Touch Networks Inc. of San Francisco. Details of the dispute over Pay By Touch's patent for check cashing; BioPay's accusation of false advertising against Pay By Touch; The issue of whether the patent gives Pay By Touch exclusive rights to use the technology; Comments of BioPay's president Tim Robinson and Pay By Touch's chief operating officer Eric Bachman; Views of analysts Ed Kountz and Avivah Litan.
Published
2005
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