Goldman Sachs Group in Alaska Electrical Pension Fund v. Bank Of America Corp. et al., Case No. 1:14-cv-07126 (S.D.N.Y Dec. 15, 2016), agreed to hand over information in the ongoing litigation and to pay $56.5 million to settle this class action lawsuit, which accused it and...
On Tuesday, the Michigan Court of Appeals ordered a halt to the recount of that state's presidential election vote sought by Green Party candidate Jill Stein, while a federal appeals court ordered the process to proceed. On November 30, 2016, Stein filed a petition seeking a...
Obama- appointed U.S. District Judge Mazzant in Nevada v. United States Dep't of Labor, No. 4:16-CV-00731, 2016 WL 6879615 (E.D. Tex. Nov. 22, 2016), recently blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million U.S. workers. This decision could put in...
After an aggressive six-year battle against former customers of his now-defunct Trump University, Trump announced on Friday of last week his intentions to accept a $25 million settlement. Attorney General Eric Schneiderman said in a statement that the settlement was “a stunning reversal by Donald...
New York Governor Andrew Cuomo recently announced that allegations against PHH Mortgage Corp. of deficiencies in its mortgage origination and servicing practices have been settled after an examination by the Multistate Mortgage Committee uncovered several weaknesses in its operations. This announcement comes shortly after the...
This week Walgreens sued its former partner Theranos Inc., alleging breach of contract. Walgreens seeks $140 million, the amount it invested in Theranos according to The Wall Street Journal. Much is not known at this time about the details of the suit as it was...
A hotel owner, who was the assignee of the claims of a a general contractor (a third-party plaintiff), appealed the district court's summary judgment for the third-party defendants in Sopris Lodging, LLC v. Schofield Excavation, Inc., --- P.3d ----2016, 2016 COA 158 (Colo. App., Oct. 20,...
The Tenth Circuit in McDonald v. J.P. Morgan Chase Bank, N.A., recently affirmed the Colorado federal district court's dismissal of a homeowner's federal lawsuit, which sought review and reversal of a state court order approving the foreclosure of his home. Mr. McDonald defaulted on his home loan...
The Eleventh Circuit Court of Appeals recently decided whether a person who agrees to "surrender" his house in bankruptcy may oppose a foreclosure action in state court in the case of In re Failla, No. 15-15626, 2016 WL 5750666 (11th Cir. Oct. 4, 2016). The...
In an unprecedented decision today the D.C. Circuit Court of Appeals held the current structure of the CFPB was unconstitutional, but kept the agency intact. ...
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