The Gao Team’s Post

🚨 Breaking News! In a surprising turn of events, a judge has just declined the Batton 1 plaintiffs' attempt to halt brokerage settlements. What does this mean for the industry and those involved? Dive into the details with our latest article! 👀⚖️ 🔗 Click here to read more: [https://lnkd.in/eaJjwr-w) #LegalNews #BrokerageBattle #StayInformed

To file or not to file - is that the question? 🤔 At Chicago Clearing Corporation, we dive into the details for class action settlements. Our latest blog post by Dennis O'Toole breaks down whether or not it's worth it to file a class action claim- or if it's just courtroom drama. 👉 Check it out here: https://lnkd.in/gXJa56zA #classactions #ChicagoClearingCorporation #CCC

New York Knicks v. Toronto Raptors: Commissioner’s Authority to Arbitrate Team Disputes Upheld The New York Knicks (“Knicks”) brought suit against the Toronto Raptors and several employees (“Raptors”) in the United States District Court for the Southern District of New York.  The Knicks argued that the Raptors poached a front office employee and instructed him to take the Knicks confidential and proprietary information on the way out the door to gain a competitive advantage.  The Knicks set forth claims under the Computer Fraud and Abuse Act, the Defend Trade Secrets Act, misappropriation of trade secrets under New York state law, breach of contract, tortuous interference with contractual relations, conversion, unfair competition, and unjust enrichment.   The Raptors filed a motion to compel arbitration arguing the dispute should be brought before the Commissioner of the National Basketball Association (“NBA”) and not in court.  Both the Knicks and the Raptors are governed by the NBA Constitution and By-Laws (“NBA Constitution”).  To read more, go to https://lnkd.in/gqiJHDib. #SportsLaw #DennieFirm #DennieSportsLaw #DFWSportsLaw #DFWSportsLawyer #TexasSportsLaw #TexasSportsLawyer #Arbitration #NBA #CommissionerAuthority

What do YOU want to happen to your assets? I bet the last thing you would say is for the state of Alabama to claim your property, but this could happen if you do not have a will in place. Our experienced attorneys can help you create a will that expresses your wishes. Click here to learn more: https://lnkd.in/gv6dQEPY. #verticalestateplanning #estateplanning #assets #trusts #peaceofmind

Great to see Makenzy Mohrman's analysis of the National Association of Realtors settlement's impact on brokerage firms in Bloomberg News and The New York Times this week. Read them here: Bloomberg: https://lnkd.in/dgWwCCAJ NY Times: https://lnkd.in/dUM-Z4kJ #realestate #investors

Join Carlton Fields' Tino Lisella at the upcoming American Bar Association regional in-person CLE program focusing on FINRA enforcement initiatives and trends, recent developments, and expectations in FINRA arbitration. There will also be a roundtable discussion with in-house counsel and compliance professionals in the broker-dealer space. Learn more and register: https://loom.ly/JnAtJKw #FINRA #compliance #arbitration

Previously, we wrote about court decisions related to settlements of class actions, but the recent case of Dufault v. The Toronto-Dominion Bank provides additional guidance. More in our latest blog: https://ow.ly/QF1W50QVF0N #classactiondefence #torontolitigationlawyer

🔍 Hyde v Djurberg Case Background: ➡️Mr. Djurberg sold a property post-bankruptcy and received £217,000 as a settlement payment. ➡️The TiB claimed this as after-acquired property, leading to court proceedings. ➡️The court ruled in favour of the TiB, emphasising the wide powers granted under the Act and the difficulty for third parties to rely on the Section 307 defence. David Garner and Owen John from our Commercial Disputes team report on it here https://shorturl.at/Ip9AU This case highlights the critical obligations of bankrupt individuals and the broad authority vested in trustees in bankruptcy. It is a vital reminder of the complexities and challenges in proving third-party defences under Section 307. #insolvencyact #bankruptcylaw #legalupdate #CommercialDisputes

The US #Bankruptcy Court for the Southern District of #NewYork recently issued a ruling in In re #MerconCoffee Corporation invalidating insider releases in a proposed chapter 11 plan on the basis that the releases were improper retention-related transfers. Our alert discusses the primary focus of the confirmation hearing and provides key takeaways.

The US #Bankruptcy Court for the Southern District of #NewYork recently issued a ruling in In re #MerconCoffee Corporation invalidating insider releases in a proposed chapter 11 plan on the basis that the releases were improper retention-related transfers. Our alert discusses the primary focus of the confirmation hearing and provides key takeaways. https://lnkd.in/dE4_9jsu