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TOP NEWS
Lumen Beats $1.4B Pension Swap Suit
By Jade Martinez-Pogue
A Colorado federal judge on Tuesday ruled in favor of Lumen Technologies in a class action regarding $1.4 billion in pension obligations transferred to a risky insurance company, saying that plan participants could not show they suffered a current cognizable harm of loss of protections and the threat of impending injury was unconvincing.
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LITIGATION
LEGAL INDUSTRY
JPMorgan Seeks Stay Of $20M Javice, Amar Fee Order
By Jarek Rutz
JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.
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