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TOP NEWS
LEGAL ETHICS & MALPRACTICE
INSURANCE
BANKING
Glazer Sues In Chancery For More Comerica Merger Records
By Jarek Rutz
A Comerica Inc. stockholder has asked the Delaware Chancery Court to order the bank to turn over additional books and records tied to its merger with Fifth Third Bancorp, alleging the company has improperly withheld key documents needed to investigate whether directors and executives breached their fiduciary duties during the sale process.
Complaint attached |
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Calif. Regulator To Appeal $100M OppFi 'Rent-A-Bank' Loss
By Sarah Jarvis
California's financial services regulator has appealed a state judge's ruling that it cannot pursue millions in fines against Opportunity Financial for alleged "rent-a-bank" predatory lending, after the judge rejected the regulator's allegation that OppFi was the "true lender" for loans that the company argued originated from an out-of-state partner.
Notice attached |
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INTELLECTUAL PROPERTY
SECURITIES & WHITE COLLAR
COMPETITION
PRIVATE EQUITY
Aterian Loses Dismissal Bid In P.J. Mechanical Suit
By Jarek Rutz
The Delaware Superior Court has refused to dismiss a lawsuit accusing private equity firm Aterian Investment Partners of improperly draining millions of dollars from a holding company to avoid paying earnout obligations owed to the former owners of P.J. Mechanical, finding that the founders plausibly alleged that Aterian intentionally interfered with their contract.
Opinion attached |
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HEALTHCARE & LIFE SCIENCES
CYBERSECURITY
TELECOMMUNICATIONS
LEGAL INDUSTRY
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