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A group of investors are hoping to persuade a Delaware Chancery Court judge to block BankAtlantic's proposed sale of $2.1 billion in loans and $3.3 billion in deposits to BB&T. The trial promises to be a big test for BankAtlantic counsel Eugene Stearns of Stearns Weaver Miller Weissler Alhadeff & Sitterson, who's also defending the bank against newly-filed SEC fraud charges.
Shareholders' Claims Against WorldCom Fail
In another ruling arising from the 2002 WorldCom bankruptcy, Southern District of New York Bankruptcy Judge Arthur Gonzalez has turned down plaintiff shareholders' claims against the company's former directors. What sets this decision apart is the judge's exploration of exactly what constitutes a derivative action and how it differs from a direct action.Aid Groups May Be Weapon in Terrorism Fight
In the war against terrorism, an idea that dates back to the Marshall Plan seems new again: Using humanitarian aid to foster democratic ideals in volatile regions can be a powerful weapon. "Part of the need right now is to strengthen governments," says Jim Bishop, director of disaster response at InterAction, a Washington, D.C.-based coalition of 165 humanitarian organizations.State AI Legislation Is on the Move in 2024
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