Contract Disputes

Almost all business relationships are based upon a written agreement, called a contract. The contract sets out what each party can or cannot do. Not all contracts are perfectly written, and it is difficult for a contract to anticipate every situation. When a party does not do what it is supposed to do under a contract, or when there is a dispute regarding what the contract means, an attorney who did not draft the contract may need to get involved. Gaslowitz Frankel LLC attorneys have a strong record of success in handling contract disputes and breach of contract cases representing hundreds of thousands of dollars to millions of dollars.

Legal News & Firm Updates

Beazer Homes sues trustee in federal court to block default

Posted: August 24th, 2007 by Gaslowitz Frankel LLC

Beazer Homes, USA, Inc., an Atlanta based home building company, recently filed suit in federal court against the bondholders’ trustee. Beazer aims to block bondholders from accelerating repayment of their notes. While note holders are contractually permitted to sell at their discretion, according to the company, many of the current note holders purchased the bonds at such depressed prices that allowing acceleration of repayment would create a windfall for note holders, while pushing the company into default on $1.3 billion in debt.

Thanks to the Daily Report.

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