Bankruptcy

Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims

Retrieved on: 
Friday, February 16, 2024

Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims

Key Points: 
  • Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims
    In a complete reversal from their initial allegations, the parcel owner agreed that the assessments, late charges, interest, and collection costs were all levied properly and consistent with the development's CC&Rs and that the assessments were all fair and reasonable.
  • In addition to the Federal court judgment, three other parcel owners entered into a settlement with the Coachillin parties.
  • Although confidential, the settlement will allow the business park to get back on its feet and move forward.
  • According to Kenneth Dickerson, managing member of the developer, "This judgment by a Federal judge is a recognition that the parcel owner's claims had zero merit.

Bulldog Investors Sues To Prevent “Claw Back” Lawsuits Against Public Stockholders of Bankrupt SPAC

Retrieved on: 
Friday, February 16, 2024

In letters to stockholders, the bankruptcy trustee has stated an intent to pursue such funds to satisfy claims of creditors of the SPAC.

Key Points: 
  • In letters to stockholders, the bankruptcy trustee has stated an intent to pursue such funds to satisfy claims of creditors of the SPAC.
  • The lawsuit seeks a judgment from the U.S. Bankruptcy Court for the Southern District of Florida declaring that the trust fund was never subject to creditor claims and, in any event, public stockholders are protected by law from “claw back” lawsuits.
  • Phillip Goldstein, a managing partner of Bulldog, stated: “Investors need assurance that a SPAC’s trust fund, which is a critical component of its structure, is protected from creditor claims caused by the SPAC’s managers.
  • Morris Kandinov LLP is representing Bulldog in the litigation.

Mexico is suing US gun-makers for arming its gangs − and a US court could award billions in damages

Retrieved on: 
Friday, February 16, 2024

The government of Mexico is suing U.S. gun-makers for their role in facilitating cross-border gun trafficking that has supercharged violent crime in Mexico.

Key Points: 
  • The government of Mexico is suing U.S. gun-makers for their role in facilitating cross-border gun trafficking that has supercharged violent crime in Mexico.
  • To understand why, let’s begin with some background about the federal law that protects the gun industry from civil lawsuits.

Gun industry immunity

  • Importantly, there are limits to this immunity shield.
  • Mexico’s lawsuit alleges that U.S. gun-makers aided and abetted illegal weapons sales to gun traffickers in violation of federal law.

Mexico’s allegations

  • Mexico also points to industry marketing that promises buyers a tactical military experience for civilians.
  • In short, Mexico claims that illegal gun trafficking isn’t just an unwanted byproduct of the industry’s design choices, marketing campaigns and distribution practices.
  • Instead, according to the lawsuit, feeding demand for illegal weapons is central to the industry’s business model.

The next legal steps

  • In January 2024, a federal appeals court in Massachusetts decided that Mexico’s allegations, if true, would deprive the gun-makers of immunity, and it sent the case back to trial court.
  • Mexico now needs to produce evidence to prove its allegations that the industry is not only aware of but actively facilitates illegal gun trafficking.
  • For their part, the gun-makers have asked the trial judge to put the case on hold while they pursue an appeal to the U.S. Supreme Court.

High stakes for the industry

  • Even if the case were to settle for much less, a victory by Mexico would provide a template for a wave of future lawsuits that could change the way the gun industry operates.
  • Similar theories about dangerous product designs, irresponsible marketing and reckless distribution practices in opioid litigation have transformed the pharmaceutical industry.


Timothy D. Lytton has provided expert consulting services to law firms representing gun violence victims.

Avrio Announces The Appointment of Co-Founder Lawrence Wintermeyer as CEO

Retrieved on: 
Friday, February 16, 2024

NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Avrio Worldwide (Avrio) has announced that it has appointed co-founder Lawrence Wintermeyer as CEO.

Key Points: 
  • NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Avrio Worldwide (Avrio) has announced that it has appointed co-founder Lawrence Wintermeyer as CEO.
  • Wintermeyer has held roles chairing regulated alternative investment funds in managed futures, energy, and global reinsurance following a career in advisory services in Big 4 management consultancy serving the global financial services sector.
  • Arkonis uses the technology to operate an ATS, a qualified matching engine, and a quotation bureau in the United States.
  • Says Wintermeyer, “I am delighted on the appointment to CEO.

Asia Pacific Law Firm Hourly Rate Report 2024: Average Hourly Rates for AMLAW 100, Magic Circle and Silver Circle Firms - ResearchAndMarkets.com

Retrieved on: 
Friday, February 16, 2024

The publisher researches, reviews, and analyzes hourly rates that are publicly disclosed of attorneys and support staff at currently 2,500 law firms representing over 20,000 companies.

Key Points: 
  • The publisher researches, reviews, and analyzes hourly rates that are publicly disclosed of attorneys and support staff at currently 2,500 law firms representing over 20,000 companies.
  • Secondary public records research is performed to complete detailed engagement profiles of the attorneys and companies involved.
  • In the Valeo Attorney Hourly Rates and LPM Pricing Platform, all hourly rates, hours, and fees for each individual attorney are cited as to the source.
  • The practice of law is global and although most hourly rate data is from public sources in the United States, the publisher captures hourly rates for attorneys in 62 countries and denominated in 11 currencies.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against iRhythm, Hut 8, and Xponential and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 16, 2024

The Company’s principal product is a monitoring patch that provides electrocardiogram (“ECG”) monitoring for up to 14 days, called Zio XT.

Key Points: 
  • The Company’s principal product is a monitoring patch that provides electrocardiogram (“ECG”) monitoring for up to 14 days, called Zio XT.
  • The Zio XT is intended for non-critical patients, as it does not provide real-time reporting.
  • As a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices throughout the Class Period.
  • For more information on the Xponential class action go to: https://bespc.com/cases/XPOF

HUT 8 INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Hut 8 To Contact Him Directly To Discuss Their Options

Retrieved on: 
Thursday, February 15, 2024

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT) and reminds investors of the April 8, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Key Points: 
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • In November 2023, Hut 8 formed following the merger of Hut 8 Mining Corp. (“Legacy Hut”) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (“USBTC”) (the “Merger”).
  • Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Hut 8’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

The UK’s tiny houses are woefully ill-prepared for an ageing population

Retrieved on: 
Thursday, February 15, 2024

Most adults in later life experience some form of ill health, such as arthritis, cognitive impairment, heart problems or issues with hearing and vision.

Key Points: 
  • Most adults in later life experience some form of ill health, such as arthritis, cognitive impairment, heart problems or issues with hearing and vision.
  • The problem is that the UK housing stock is nowhere near ready to cater to this need.
  • And yet, there were more than 20,000 people on English local authority waiting lists for wheelchair and accessible homes.

The impact of poor housing

  • And size matters: the smaller the house, the more difficult it is for those people with disabilities to move around and live fulfilled lives.
  • As journalists Melissa York and Georgia Lambert put it in 2023:
    Poor quality housing costs the NHS £1.4 billion a year, yet the relationship between housing and health is rarely acknowledged.
  • Poor quality housing costs the NHS £1.4 billion a year, yet the relationship between housing and health is rarely acknowledged.
  • Poor housing is routinely cited as a major cause.

Why we need supportive housing design

  • Built environment professionals, including architects, stress the importance of reimagining housing design by establishing Part M Clause 2 (category 2) of the Building Regulations as the baseline to better support healthy ageing.
  • A 90-year-old great-grandmother can live independently if her home features wide doorways, no-step entrances and a walk-in shower with grab bars.
  • The John Morden Centre in Blackheath, London, illustrates how thoughtful design can support older residents’ quality of life.
  • Of course, ideas need to be put into practice for them to really change the way people live.
  • In construction terms, this means that supportive design needs to be enshrined in building regulations and the wider housing policy.
  • Making such design regulations compulsory would see the housing industry effectively contribute to reducing the burden on the NHS and our social care system.
  • Architects talk about resilient housing to describe homes that are built for the long-term with sustainable healthy ageing in mind.


Faye Sedgewick receives funding from Innovate UK and is a member of the Architects Registration Board. Paul Jones receives funding from Innovate UK, Research England, AHRC

Robertshaw Takes Strategic Actions to Position the Company for Long-Term Growth

Retrieved on: 
Thursday, February 15, 2024

Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.

Key Points: 
  • Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.
  • The Company has entered into a Restructuring Support Agreement (“RSA”) with a group of significant financial partners.
  • Pursuant to the RSA, the financial partners have put forward a Stalking Horse Bid (the “Stalking Horse Bid”) to recapitalize the business.
  • Robertshaw plans to obtain $56 million in proceeds of debtor-in-possession financing from certain secured lenders, subject to certain conditions.

Kirby McInerney LLP Reminds Hut 8 Corp. (HUT) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, February 14, 2024

Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until April 8, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.