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New Orleans Bankruptcy Judge Takes Wells Fargo to Task for “Highly Reprehensible” Conduct
Elizabeth Magner, a Bankruptcy Judge in New Orleans’ Eastern District, ordered Wells Fargo to pay a homeowner more than $3.1 million in punitive damages in a scathing opinion issued in early April. Michael L. Jones v. Wells Fargo Home Mortgage, Inc., 06-1093, United States Bankruptcy Court for the Eastern District of Louisiana. This ruling was [...]
JSHG Partner Gladstone Jones Quoted in New York Times Article on BP Oil Spill Settlement
Gladstone Jones, a founding partner of Jones, Swanson, Huddell & Garrison, was quoted in a March 19th New York Times article about the proposed BP settlement and its exclusion of moratorium claims. “It is time for BP to pay these companies or it is time for the court to let me try my cases,” said [...]
Update on BP Settlement and Treatment of “Moratorium Claims”
On March 2, 2012, BP and the Court announced a class-wide settlement in principle for two plaintiffs’ classes with regard to the BP oil spill. Of special interest to our clients and friends is the class of plaintiffs claiming economic damages as a result of the spill. The settlement will provide a mechanism to pay claims to businesses [...]
BP Settlement in Principle Promises Better Claims Process for Victims of the 2010 Oil Spill
Following extensive negotiation, the Plaintiffs’ Steering Committee (PSC) for the multi-district litigation arising out of the Deepwater Horizon disaster has reached a settlement in principle with BP that, if approved by the court, would compensate hundreds of thousands of individuals and businesses. The settlement promises a more transparent and claimant-friendly process that will replace the [...]
Life Partner Holdings subject of SEC complaint
Texas-based Life Partner Holdings Inc., one of the industry leaders in the secondary life insurance market, along with several of its senior executives, is facing charges of improper accounting, disclosure violations, and insider trading in a complaint recently filed by the Securities and Exchange Commission in federal court in Waco, Texas. The SEC alleges that [...]
