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Case of the Day: In re Fairfield Sentry Ltd.
The case of the day is Morning Mist Holdings, Ltd. v. Kenneth Krys (In re Fairfield Sentry Ltd.) (2d Cir. 2013). Sentry was a British Virgin Islands company and the largest “feeder fund” that had the misfortune to invest with Bernard L. Madoff Investment Securities LLC. Sentry had invested 95% of its assets, or more……
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Case of the Day: Wultz v. Bank of China
The case of the day is Wultz v. Bank of China Ltd. (S.D.N.Y. 2013). We first considered this case in November 2012. Here was my description of the facts from the prior post: In 2006, Daniel Wultz was killed, and Yekutiel Wultz injured, in a suicide bombing in Tel Aviv. Members of the Wultz family……
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Lago Agrio: A First Look At The Ontario Decision In Yaiguaje
As I reported yesterday, the Superior Court in Ontario has stayed the Lago Agrio plaintiffs’ case for recognition and enforcement of their Ecuadoran judgment against Chevron and one of its Canadian indirect subsidiaries. In today’s post, I give a non-technical, “big picture” reading of the decision, leaving the technical discussion to the Canadian lawyers who……
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Service by Email and Facebook: FTC v. PCCare247 Inc.
I’ve got an interesting case for you today! The case of the day is FTC v. PCCare 247 Inc. (S.D.N.Y. 2013). The FTC alleged that the defendants, Vikas Agrawal, Anuj Agrawal, Parmeshwar Agrawal, PCCare247 Solutions Pvt. Ltd., and Connexxions IT Services Pvt. Ltd., all located in India, “operated a scheme that tricked American consumers into……
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Case of the Day: Collins v. Oilsands Quest
The case of the day is Collins v. Oilsands Quest, Inc. (S.D.N.Y. 2012). Oilsands Quest is an Alberta business that sought bankruptcy protection from the Alberta Court of Queen’s Bench. Collins, on behalf of a putative class, had sued the company and several officers and directors on securities claims. Ernst & Young, which was Oilsands……