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The Recorder

Labor Department Judge Balks at Breadth of a Wells Fargo Whistleblower Settlement

San Francisco-based Administrative Law Judge Steven Berlin raised concerns about the breadth of a Wells Fargo whistleblower settlement, saying the release of claims was too broad. The lawyers have a second shot to amend the language.
4 minute read

New York Law Journal

Pryor Cashman Partner Fought the Regulators, and the Regulators ... Lost

Pinchus Raice could have had his career ruined after the FDIC leveled a $100,000 civil penalty against him. Instead, he faced regulators in their own administrative court and won, securing a settlement from the banking oversight corporation for $1.5 million.
11 minute read

Daily Business Review

Greenberg Traurig Wins $1.2 Million in Attorney Fees for Years of Litigation

Greenberg Traurig's Stephen Mendelsohn worked on one of the longest-running disputes in the Palm Beach Circuit Court.
3 minute read

New York Law Journal

Lehman Ordered to Pay $2.4B to Close Out Mortgage-Backed Claims

What's left of the former investment bank Lehman Brothers will be responsible for $2.38 billion in compensation to hedge funds and institutional investors who were hurt by the bank's actions leading up to the financial crisis a decade ago.
2 minute read

New York Law Journal

Sister of Financier Benjamin Wey Also Has SEC Charges Dropped

In a letter to U.S. District Judge Kevin Castel, the SEC said it was dismissing its case against Tianyi Wei, without explaining its reasoning.
2 minute read

The Legal Intelligencer

How NFL, 9/11 Settlements Could Complicate Emerging Law on Litigation Funding

A clear line of case law is emerging that holds litigation funding agreements are generally not subject to state usury restrictions, but a pair of high-profile cases—one that arose out of the $1 billion NFL concussion settlement and the other linked to a fund for 9/11 victims—may complicate matters.
7 minute read

Daily Report Online

'Darknet' Spokesman Pleads Guilty in Atlanta to Conspiracy Charge

The 24-year-old Illinois man had worked as a spokesman for a marketplace that users accessed anonymously to buy and sell illicit goods, including drugs, guns, counterfeit goods and hacking tools.
3 minute read

Daily Business Review

Foreclosure Defense Lawyer Wins Case But Can't Collect Fees

The issue of attorney fees for foreclosure defense lawyer has taken center stage in recent weeks.
3 minute read

Delaware Business Court Insider

Financial Distress Is a Prerequisite to Good-Faith Bankruptcy Filing

In In re Rent-A-Wreck of America, Bankruptcy Judge Laurie Silverstein dismissed voluntarily filed bankruptcy cases on the grounds they were not filed in good faith.
7 minute read

New York Law Journal

Coercion Boundary Pushed in Bond Fraud Case

Orrick's Gregory Morvillo, in motion papers and before the court, argued that's the very kind of misconduct assistant U.S. attorneys committed against his client.
6 minute read

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