An agreement between two telecommunications companies to limit damages in a contract dispute does not conflict with either New York or federal law, a bankruptcy judge has ruled.
Southern District Bankruptcy Judge Stuart M. Bernstein ruled Friday in Global Crossing Telecommunications v. CCT Communications Inc., 07-1942, that a clause in a contract between Global Crossing Telecommunications and CCT Communications Inc. limiting the damages available to the parties is enforceable, though he said it is too early to say whether the clause bars all damages.
