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Case of the Day: In re Petition of Macquarie Bank
The case of the day is In re Petition for Judicial Assistance of Macquarie Bank, Ltd. (D. Nev. 2015). Macquarie, an Australian bank, had lent $11 million to Juno Holdings, B.V., a Netherlands Antilles company, in anticipation of an IPO by Juno’s indirect subsidiary, Liberty Financial Pty Ltd. Juno did not repay the loan, and……
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Case of the Day: Ezeiruaku v. Bull
The case of the day is Ezeiruaku v. Bull (3d Cir. 2015). Vincent Ezeiruaku, an American citizen, was detained by two officers of the Metropolitan Police, Dan Bull and David March, while traveling through Heathrow Airport. The officers seized $80,000 he had in his possession, and the UK government held the currency for fourteen months……
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Case of the Day: SEC v. Kumar
The case of the day is Securities and Exchange Commission v. Kumar (N.D. Cal. 2015). The complaint alleged that Vinay Kumar Nevatia, who lived in Palo Alto between 2004 and 2013, solicited investments in shares of CSS Corp. Technologies (Mauritius) Ltd., even though he was not registered with the SEC. Kumar formed a company called……
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Case of the Day: In re Vivaro Corp.
The case of the day is In re Vivaro Corp. (Bankr. S.D.N.Y. 2015). Vivaro Corp. filed a Chapter 11 petition in the bankruptcy court in 2012. Breezecom FZC and several other parties filed claims in the bankruptcy case, and Vivaro objected to the claims. There is a split in authority on how objections to claims……
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Case of the Day: DeJoria v. Maghreb Petroleum Exploration
The case of the day is DeJoria v. Maghreb Petroleum Exploration, S.A. (5th Cir. 2015). This is the appeal of the case of the day from September 4, 2014. I won’t repeat the facts from the prior post: the question in the case was whether a Moroccan judgment should be recognized, and in particular whether……