International Paper Cuts $125M Verdict To $15M In Invoice Suit

A Texas appellate court on Thursday axed most of a $125.3 million judgment against International Paper Company, but left the world’s largest paper company on the hook for about $14.8 million for the damage its failure to pay for a construction project caused the contractor.

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What is the Effect of the Coronavirus On Corpus Christi Business Law Matters?

There are few corners of the world that have not become concerned, if not obsessed, with the evolving coronavirus outbreak. In the Coastal Bend, we’ve been fortunate thus far to have some of the lowest numbers of confirmed cases; however, it’s hard to say how things will play out in the coming months. The focus right now is, of course, preventing the spread of COVID-19. But as a business owner and attorney, this raises legal concerns for me that I think the public should consider.

Think on this – Centers for Disease Control and Prevention spokesperson, Nancy Messonier, has indicated in a March 9, 2020 call with reporters that the trajectory of the outbreak could take us into 2021. Now, consider the number of contracts by which you are currently bound. Service contracts, vendor contracts, rental agreements (both commercial and residential), purchase contracts, loans and mortgages…some of which we’ve entered into without reading thoroughly. My worry is that if COVID-19 …

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