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TOP NEWS
FDIC Sued By Rural NY Hospital Over Failed Bank Loan
By Sydney Price
New York-based Community Memorial Hospital Inc. has hit the Federal Deposit Insurance Corporation with a suit accusing it of wrongly refusing to insure or offset approximately $1.9 million in loan funds held at a failed Georgia bank, which the hospital claims threatens care for about 47,000 New Yorkers in rural communities.
Complaint attached |
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ENERGY & ENVIRONMENTAL
Toshiba Must Post $549M Bond In Mich. Utilities Case
By Melanie Dorsey
Toshiba America Energy Systems Corp. must post a $549.5 million bond to prevent two Michigan utilities from collecting on a nearly $394.4 million judgment while it appeals, a Michigan federal judge ruled Friday, rejecting the company's argument that a state law capping appeal bonds should limit its financial obligation to about $37 million.
Opinion attached |
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HEALTHCARE & LIFE SCIENCES
INTELLECTUAL PROPERTY
INTERNATIONAL ARBITRATION
CANNABIS
PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
Firms Must Face RICO Claims In Asbestos Fraud Suit
By Emily Field
An Illinois federal judge on Friday held that Simmons Hanly Conroy LLP and Sokolove Law must face racketeering claims brought by a Los Angeles industrial pipe manufacturer alleging that the firms brought baseless asbestos claims, finding that an antitrust doctrine shielding those who petition the courts does not apply.
Order attached |
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Goldstein Says Gov't Conceded Key Trial Errors
By Jared Foretek
SCOTUSblog co-founder Thomas Goldstein told the Fourth Circuit that the federal prosecutors who netted 12 tax and mortgage fraud convictions effectively conceded they hid evidence by steering a key witness to new testimony mid-trial and had reversed their stance on jury instructions, two key issues in Goldstein's appeal.
Brief attached |
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Catching Up With Delaware's Chancery Court
By Jarek Rutz
The Delaware Chancery Court last week cleared the way for Cloudflare Inc. to seek immediate review of an injunction blocking a stock restructuring designed to preserve its founders' control, while setting a January hearing in a similar dispute over Meta Platforms Inc.'s plan to create nonvoting shares.
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