Orbitz and Kayak in contract dispute over displays
Kayak is engaged in a contract dispute with one of its largest customers, Orbitz Worldwide.
Orbitz brought the matter to an arbitration panel in New York in August, alleging that Kayak violated the companies’ 2009 promotion agreement as it relates to exclusivity provisions in the way Kayak displays core query results.
Kayak, which disclosed the dispute in the registration statement it filed in connection with its proposed IPO, says Orbitz began the arbitration proceedings after Kayak notified Orbitz that it allegedly breached their agreement “for failing to accurately report and account for Net Revenues under the agreement.”
Read the full story at http://www.tnooz.com/2010/11/23/news/orbitz-and-kayak-in-contract-dispute-over-displays/