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United Community Bank Seeks $4.1M in Loan Repayments From Charlotte-Based Housing Developer

Despite notices to the defendants, the bank claims that as of July 23, Nest Homes has failed to make payments consisting of: $4 million in principal fees; $140,399.70 in accrued and unpaid interest; and $5,246.29 in late fees and other charges, and interest continues to accrue at $1,064.32 per day, the complaint said.
2 minute read

Daily Business Review

$7M Arbitration Award Achieved by South Florida Lawyers Over NFL Dispute

"It involves hundreds of millions of dollars," said attorney Stuart Singer of the trading-card litigation.
4 minute read

Texas Lawyer

Opposing Counsel Want Judge's Son Off the Case

RSM Production Corp. alleges Jonathan Lerhmann represented it in a dispute with the defendants and is now working on a related case for opposing counsel.
4 minute read

Delaware Business Court Insider

Pharma CEO Owes $5.9M in Legal Fees, Despite Presidential Pardon

Keker, Van Nest & Peters and Morris, Nichols, Arsht & Tunnell notched a win on behalf of InterMune Inc. and Roche Holdings Inc., which argued that the former executive—who was pardoned by former President Donald Trump—was not indemnified in an advancement clawback action and must repay the companies for legal expenses.
3 minute read

The Recorder

Elon Musk Sues OpenAI, Sam Altman on Fraud and Breach-of-Contract Claims

According to the 83-page complaint, filed Monday in California's Northern District by Toberoff & Associates, Altman "induced" Musk to finance OpenAI by deceiving him about his intent to convert the company into a for-profit enterprise and feigning shared concerns about the "existential dangers" of artificial intelligence.
4 minute read

Daily Business Review

Miami Attorney Secures Major Arbitration Win for Malcolm Drilling in $15M Dispute

"My experts teach me whatever the case is," said Stuart Sobel of Siegfried Rivera, reflecting on his big arbitration victory.
4 minute read

The Legal Intelligencer

Philips Sues Lab Over Allegedly Faulty Research That Spurred Major Breathing Machine Recall

"Philips RS has spent hundreds of millions of dollars toward this recall and would have pursued a different and more focused recall had PSN not made its serious mistakes and greatly overestimated the potential threat to patients," the plaintiffs claimed.
3 minute read

The Recorder

Ex-CNN Host Don Lemon Sues Elon Musk Over Canceled X Contract

Lemon, best known for his 2006-23 tenure on CNN, filed the complaint on Thursday in California Superior Court for San Francisco County. He is represented by Carney Shegerian, founder of Shegerian & Associates. The complaint alleges fraud, negligent misrepresentation, misappropriation of name and likeness, breach of express contract and restitution and unjust enrichment.
4 minute read

Delaware Business Court Insider

Del. Supreme Court Rules Out Earn-Out Violation Claims as Premature

The case may be the first earn-out dispute to be dismissed for lack of ripeness.
3 minute read

Daily Business Review

Miami-Dade Jury Awards $8.3M to Perry Ellis in Breach-of-Contract Litigation

"I don't think we've reached the point as a bar where discovery is really operating the way it's supposed to," said the prevailing party's attorney concerning the case.
4 minute read

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