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TOP NEWS
LITIGATION
Vesttoo Ex-CFO Wants Insurers To Pay $1.5M In Legal Fees
By Jarek Rutz
A former chief financial officer of Vesttoo has urged the Delaware bankruptcy court to let the insolvent Israeli fintech's insurance carriers cover more than $1.5 million in legal fees stemming from fraud-related investigations and proceedings in multiple countries, arguing the debtor's U.S. bankruptcy protection should not prevent him from accessing the insurance funds.
Motion 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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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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