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Trade & Procurement
Recent changes
Court of Chancery Dismisses Crypto Case with Leave to Transfer
The Delaware Court of Chancery dismissed a $16 million crypto case brought by HASH Asset Management Ltd. against DMA Labs, Inc. and others. The court found that the claims supporting its jurisdiction were insufficiently pled and granted leave to transfer the case to the Superior Court.
Supreme Court affirms Chancery judgment in Fortiline v. McCall
The Delaware Supreme Court affirmed a judgment from the Court of Chancery in the case of Fortiline, Inc. and Patriot Supply Holdings, Inc. v. Hayne McCall et al. The Court's order stated that the judgment should be affirmed based on the reasoning provided in the Court of Chancery's memorandum opinion.
Delaware Supreme Court Affirms Court of Chancery Judgment
The Delaware Supreme Court affirmed a judgment from the Court of Chancery in the case of Irv Edwards, M.D., et al. v. Gigacquisitions2, LLC, et al. The decision upholds the lower court's ruling, with the Supreme Court finding the judgment should be affirmed based on the reasoning in the Court of Chancery's Memorandum Opinion.
USITC Maintains Antidumping and Countervailing Duty Orders on Calcium Hypochlorite from China
The U.S. International Trade Commission (USITC) has determined to maintain existing antidumping and countervailing duty orders on calcium hypochlorite from China. This decision follows five-year sunset reviews, concluding that revoking the orders would likely lead to the continuation or recurrence of material injury. The existing orders will remain in place.
USITC Continues Investigations on Van-Type Trailers from Canada, China, Mexico
The USITC has voted to continue investigations into van-type trailers and subassemblies from Canada, China, and Mexico. This decision indicates a reasonable indication of material injury to the U.S. industry due to alleged less-than-fair-value sales and government subsidies. The Department of Commerce will now proceed with its investigations.
USITC Finds India Springs Injure US Industry, Orders Duties
The USITC has determined that imports of overhead door counterbalance torsion springs from India are injuring the U.S. industry. As a result, the U.S. Department of Commerce will issue antidumping and countervailing duty orders on these imports.
USITC Determination: Electrolytic Manganese Dioxide from China Order Remains
The U.S. International Trade Commission (USITC) has determined that revoking the existing antidumping order on imports of electrolytic manganese dioxide from China would likely lead to the continuation or recurrence of material injury. Consequently, the existing order will remain in place.
USITC Determines to Continue Trade Orders on Steel Wire Rod
The U.S. International Trade Commission (USITC) has determined to continue existing trade remedy orders on carbon and certain alloy steel wire rod from Brazil, Indonesia, Mexico, Moldova, and Trinidad and Tobago. These orders will remain in place following the five-year sunset reviews.
Ackerman v. Arkema Incorporated - Tolling of State Statute of Limitations
The Fifth Circuit affirmed a district court's decision dismissing state law claims against Arkema Incorporated as untimely. The court held that Texas law does not recognize cross-jurisdictional tolling of statutes of limitations, meaning a federal class action does not pause the clock for individual state court filings.
Cadence Bank v. Johnson - Appeal of Summary Judgment on Loan Guarantees
The Fifth Circuit Court of Appeals affirmed a summary judgment against appellants Cole Wayne and Cord Henry Johnson, holding them liable as guarantors for loans made by Cadence Bank and Century Bank. The court found complete diversity existed, allowing the case to proceed, and upheld the district court's ruling that the Johnsons were personally liable for Bridgelink Engineering LLC's defaulted loans.
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