Creative Mobile Technologies Files Lawsuit against VeriFone Systems, VeriFone Media
•VeriFone violated CMT’s terms and conditions by employing a combination of bad faith dealing and other tactics that caused VMS to breach the agreement in numerous ways
•VMS withheld financial information from CMT
•VMS delayed payments to CMT for certain advertising, as well as refused to pay CMT for other advertising
•Violated the agreement's broad rights of first refusal by installing similar technology and placing advertisements in taxis outside of New York City without first offering those opportunities to CMT
The lawsuit was reportedly filed in the New York State Supreme Court in Manhattan by CMT's attorneys: Skadden, Arps, Slate, Meagher & Flom LLP and co-counsel Rosenberg, Calica & Birney LLP.