Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.
Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.
A Texas bankruptcy judge has recommended approval of nine settlements regarding legal fees paid to Jackson Walker LLP connected to a former firm partner's romantic relationship with a then-bankruptcy judge, with the firm agreeing to pay $4.79 million in total, including $1.4 million to the estate of J.C. Penney.
A Missouri bankruptcy judge has told attorneys representing California the state can no longer press its data breach lawsuit against the reorganized 23andMe, finding the state court action is barred by the company's confirmed Chapter 11 plan.
A Rhode Island jail operator with a contract to hold federal immigration detainees has filed for Chapter 11 protection in Rhode Island bankruptcy court with an agreement on a restructuring plan to end years of litigation and cut nearly two-thirds of its $169 million in debt.
Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings, under a Second Circuit panel decision Monday upholding, and unpausing, a district court preliminary injunction, concluding that a 10-fold price increase for the standalone product likely amounted to anticompetitive coercion.
A Connecticut state judge Monday denied a radiology doctor and medical group's attempt for quick wins on $5 million malpractice claims surrounding a former Waterbury Hospital nurse's missed cancer diagnosis, after attorneys for a local unit of bankrupt operator Prospect Medical Holdings Inc. bowed out of the case.
Rapper 50 Cent urged a Georgia federal court to toss a former assistant's suit alleging she was fired and repeatedly harassed because she refused to falsely accuse his bodyguard of theft, arguing his Texas residency prevents the court from having jurisdiction over the case.
Approximately 42 merchant cash advance lenders are involved in the recently filed Chapter 11 bankruptcy of SIMAD Holdings, illustrating that debtors-in-possession must work with committees to preserve the receivable stream before litigating priority,
says attorney Kenneth Rosen.
Federal Circuit Judge Pauline Newman did not ask the U.S. Supreme Court to reconsider her bid to save a suit against her fellow judges for suspending her from the bench over her refusal to undergo medical tests.
President Donald Trump's $10 billion suit against his own Internal Revenue Service and the resulting settlement deal lacked a legitimate controversy, given Trump's control over both the agency and the U.S. Department of Justice, a Florida district judge said Monday in an order barring Trump or others from citing the deal.
Wells Fargo will pay $50 million to settle a proposed class action alleging it knowingly helped a Las Vegas attorney run a multimillion-dollar Ponzi scheme deceiving investor victims into fronting money for borrowers awaiting personal injury settlement payouts, according to a preliminary approval order issued in Nevada federal court.
A Michigan-based mass tort law firm and a pair of affiliate firms are violating federal and Texas state laws through an artificial intelligence-generated telemarketing campaign meant to solicit clients, according to a putative class action filed in Texas federal court.
The Senate voted 46-44 Monday evening to confirm Executive Assistant U.S. Attorney Arthur "Rob" Jones as a U.S. district judge to serve on the Southern District of Texas bench.
The Senate Judiciary Committee will still hold the confirmation hearing for Todd Blanche's nomination to be attorney general on Wednesday, despite the death of committee member Sen. Lindsey Graham, R-S.C., over the weekend.
