Archives: Commercial Law

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Real Estate Bubble 2.0 – The California Supreme Court Weighs In

The California Supreme Court recently issued two opinions resulting from the aftermath of the 2009 real estate crash. It addressed both the statutory protections for a homeowner after a short sale (i.e., a sale for less then what is owed on the mortgage) and their ability to sue for wrongful foreclosure. In both cases, the … Continue Reading

A Tale of Three Cases: California’s Split Over Concepcion Continues

In state and Federal courts throughout the country, the defense and plaintiffs’ bars are debating the application of the United States Supreme Court’s landmark 2011 decision in AT&T Mobility v. Concepcion, in which the Court made it significantly easier to enforce waivers of class arbitration in most consumer contracts. My post about Parisi, a new decision … Continue Reading

Don’t Panic – The Fall of Pendergrass and Restoring the Full Fraud Exception to the Parol Evidence Rule May Not Be as Bad as You Think.

In Riverisland Cold Storage, Inc., v. Fresno-Madera Prod. Credit Ass., S190581, the unanimous California Supreme Court recently overturned the widely criticized Pendergrass rule, thus restoring the full breadth of the fraud exception to the parol evidence rule. In 1935, the Court limited the fraud exception to the parole evidence rule – holding that evidence of a promise that … Continue Reading

California Supreme Court Grants Review in Another Preemption Case

The Supreme Court has granted review to again address preemption, this time in the timely area of consumer protection and banking. In Parks v. MBNA American Bank, the Court of Appeal reversed a judgment on the pleadings, finding that Civil Code § 1748.9, a state consumer protection law which mandates specific notice requirements regarding the … Continue Reading

Indiana Supreme Court Reaffirms Economic Loss Rule

In late March, I blogged on an important new case from the Tenth Circuit reaffirming the economic loss rule.  Last week, the Indiana Supreme Court handed down a major decision in a construction case, reaffirming this important principle of business law. According to the economic loss rule, where a plaintiff has suffered merely economic loss – … Continue Reading

Texas Supreme Court Civil Issues Pending: Commercial Law

[UPDATED THROUGH APRIL 1, 2010] Commercially Reasonable Sales Upon Repossession. Did the evidence establish that the sale of repossessed vehicles were commercially reasonable under the Uniform Commercial Code § 9.610. Regal Finance v. Tex Star Motors, No. 08 0148, formerly 246 S.W.3d 745 (Tex. App.—Houston [14th Dist.] 2008), review granted 03/27/09.… Continue Reading

California Supreme Court Civil Issues Pending: Commercial/Class Actions

[UPDATED THROUGH SEPTEMBER 8, 2016] Can an Unnamed and Uninvolved Class Member Appeal? After the Court of Appeal dismissed the appeal of a class member who challenged the attorney fees awarded to class counsel, the Supreme Court granted review on the following issue: Must an unnamed class member intervene in the litigation in order to … Continue Reading
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