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TOP NEWS
Sprint Can't Shake Cogent's $24M Fiber Contract Claims
By Jarek Rutz
The Delaware Chancery Court has refused to dismiss Cogent Infrastructure LLC's contract claims against Sprint over a disputed fiber optic network deal, finding that an accounting firm's earlier decision on a roughly $24 million purchase price adjustment does not block Cogent from pursuing broader claims that Sprint misrepresented the nature of the fiber arrangement.
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POLICY & REGULATION
THIRD CIRCUIT
INSURANCE
Newrez Pays $15.5M Over Force-Placed Insurance Charges
By Gina Kim
Rithm Capital-owned mortgage servicer Newrez LLC will pay $15.5 million to resolve allegations that force-placed insurance charges were erroneously levied against customers, following a multistate mortgage loan servicing examination, according to an announcement Wednesday from the New York State Department of Financial Services.
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LEGAL INDUSTRY
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