A North Carolina federal judge granted the green light to a $1.5 million settlement to resolve claims from borrowers alleging PHH Mortgage Corp. sent notice of default letters containing "false threats" to speed up loan foreclosure, but reduced the attorney fees by nearly half, calling the requested amount "excessive."
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TOP NEWS

Judge Slashes 'Excessive' Atty Fee Bid In PHH Mortgage Deal

By Katryna Perera

A North Carolina federal judge granted the green light to a $1.5 million settlement to resolve claims from borrowers alleging PHH Mortgage Corp. sent notice of default letters containing "false threats" to speed up loan foreclosure, but reduced the attorney fees by nearly half, calling the requested amount "excessive."

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

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Treasure Hunter Betrayed By Financial Backer, Court Hears

By Spencer Brewer

A treasure hunter told a Texas federal judge Monday his erstwhile financial sponsor cut him off from his rightful share of sunken treasure found in the Caribbean, saying during the first day of a bench trial that the backer's "hubris" drove the decision to breach the parties' contract.

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Mich. Appeals Court Affirms $3M Award In Equity Dispute

By Susan Smiley

The Michigan Court of Appeals upheld a $3 million award to a former employee of a wealth management company, saying Monday that enough evidence supported a jury's finding that CIG Capital Advisors deliberately misled the plaintiff about his ownership status and diverted revenue to hide profits.

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INSURANCE

Lowe's $10M Coverage Clash With Chubb Unit Heads To Trial

By Hayley Fowler

A federal jury will decide whether a Chubb unit was wrong to refuse to pay $10 million as part of a wrongful death settlement following a fatal crash involving a Lowe's employee after a North Carolina judge Monday found there are disputed issues of material fact in the case.

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4th Circ. Says Allied Need Not Cover 'Beer Olympics' Injury

By Jonathan Capriel

A man who claims that he was paralyzed in an auto crash caused by alcohol provided to guests at a "Beer Olympics" party cannot recover from the host homeowners' insurance provider, the Fourth Circuit ruled on Monday, saying the policy's motor vehicle exclusion bars coverage.

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MEDIA & ENTERTAINMENT

SeaWorld Wants Sesame Street Contract Suit Trimmed

By Adam Lidgett

SeaWorld has urged a New York federal court to throw out certain claims in a lawsuit accusing it of flouting obligations under a licensing deal for the Sesame Street brand and engaging in a "retaliation campaign," calling some of the case "baseless" and "absurd."

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Texas Asks Justices To Keep App Store Law In Force

By Spencer Brewer

The Texas attorney general urged the U.S. Supreme Court to allow a state law requiring app stores to block minors from downloading apps without parental consent to remain in effect, arguing Monday that a lower court "committed several errors" in pausing the measure.

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SECURITIES & BANKING

Cuomo To Lead OKX-NYSE Parent Crypto Joint Venture

By Hailey Konnath

Former New York Gov. Andrew Cuomo will co-chair a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange, a partnership aimed at developing infrastructure for "tokenized and digitally native financial products," according to an announcement made Monday.

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Ex-CEO Says Credit Union Can't Seek $80K For Business Unit

By Aaron Keller

The ex-CEO of Sound Federal Credit Union asked a Connecticut state judge on Monday to dismiss portions of the credit union's two counterclaims asking him to return $80,000 for services he didn't perform because he was fired, saying it was not the correct party to bring such counterclaims.

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COMPETITION

States Defend Live Nation Jury Verdict In Antitrust Case

By Matthew Perlman

State enforcers have urged a New York federal court to reject Live Nation's bid to upend a jury verdict finding the company monopolized key parts of the live entertainment industry, telling the court the jury carefully considered ample evidence and should not be second-guessed.

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Valve Gamers Queue Up Bid To Beat Antitrust Arbitration Fight

By Rachel Riley

Hundreds of PC gamers have called on a Washington federal judge to extinguish Valve's lawsuit seeking to bar them from arbitrating antitrust claims, saying the judge has already rejected the video game developer's central argument that arbitrations cannot proceed under the updated user agreement for its Steam digital storefront.

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TRANSPORTATION

Auto Supplier Says It Was 'Hostage' To $4.3M Price Hikes

By Susan Smiley

A Tier 1 automotive supplier urged a Michigan federal judge on Monday not to throw out its $4.3 million breach of contract claim against another parts maker, arguing the opposing manufacturer "held [it] hostage" with price increases for multiple years.

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LEGAL INDUSTRY

Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Bailey Duquette

Barnwell Whaley

Benesch

Bradley Arant

Bryson Harris Suciu & DeMay

Bucher Law PLLC

Christian & Small

Conrad & Scherer

Consovoy McCarthy

Cooley LLP

Corr Cronin

Cravath Swaine

Davis Wright Tremaine

Double Aught Injury Lawyers

FBT Gibbons

Foley & Lardner

Freeman Mathis

Haynes Boone

Hickey Hauck

Joelson Rosenberg

Kasowitz LLP

Kirkland & Ellis

Kropf Moseley

Latham & Watkins

Lemberg Law

Maginnis Howard

Mazie Slater

Miller Canfield

Murphy & Grantland

Nagel Rice

Norton Rose

Ogletree Deakins

Pendley Baudin

Reed Smith

Robins Kaplan

Robinson Bradshaw

Skadden Arps

Slater Slater

Starnes Davis

Vedder Price

Wilson Sonsini

Winston Taylor

COMPANIES IN TODAY'S NEWS

American Arbitration Association

Bayer AG

Computer & Communications Industry Association

Drummond

Drummond Co. Inc.

Fidelity National Financial Inc.

Francisco Partners

GameStop Corp.

Hilton Worldwide Holdings Inc.

Horizon Blue Cross Blue Shield of New Jersey

Itochu Corporation

Johnson & Johnson

Live Nation Entertainment Inc.

Lowe's Cos. Inc.

Mahle GmbH

Marriott International Inc.

New Jersey State Bar Association

Optimum

PHH Corp.

PHH Mortgage Corp.

SeaWorld Parks & Entertainment Inc.

Sesame Workshop

StubHub Inc.

The Trade Desk Inc.

Valve Corp.

Verizon Communications Inc.

WideOpenWest Finance LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

New Jersey Supreme Court

New York Attorney General's Office

New York Department of Financial Services

U.S. Attorney's Office

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Washington

U.S. Secret Service

U.S. Supreme Court

United States District Court for the Northern District of Alabama