TOP NEWS
CHAPTER 11
Silvergate Estate To Chip In For $37.5M Investor Settlement
By Katryna Perera
Silvergate Capital and investors suing over its collapse have reached a $37.5 million deal with a "rare" source of partial funding to resolve claims that the failed crypto-focused bank misrepresented its safeguards against onboarding customers like FTX, the fraud-ridden crypto exchange that made up roughly a sixth of the bank's deposit base.
Memorandum attached |
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RESTRUCTURING
EXPERT ANALYSIS
LEGAL INDUSTRY
Westlaw AI Win Right But Appellate Review Wise, Judge Says
By Lauren Berg
A Delaware federal judge Friday voiced confidence in his ruling that tech startup Ross Intelligence infringed copyrighted material from Thomson Reuters' Westlaw platform to create a competing legal research tool powered by artificial intelligence, but explained that granting interlocutory appeal on two questions will help resolve the case more efficiently.
Opinion attached |
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GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
A new study found that the total number of shareholder proxy proposals submitted this year dropped significantly after the SEC rescinded past guidance. Meanwhile, a handful of BigLaw firms wrote to members of Congress defending the controversial agreements they made with the Trump administration to avoid executive orders targeting their shops. These are some of the stories in corporate legal news you may have missed in the past week.
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