Asset

Federal Judge Greenlights Landmark Lawsuit Against Top Asset Managers, Challenging Green Investment Practices

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A federal judge in Tyler, Texas, has allowed a contentious lawsuit against three of the world’s largest asset management firms to proceed, a case that could significantly influence how major financial institutions interact with environmental policies through their investments. U.S. District Judge Jeremy Kernodle released a ruling allowing the majority of antitrust allegations in the case against BlackRock Inc., Vanguard Group Inc., and State Street Global Advisors to advance. This lawsuit, initiated by Republican attorneys general from Texas along with a coalition of other states, claims that these firms colluded to restrict coal production in … Read more

Class Action Lead Plaintiff Urges Court to Recognize Unjust Enrichment in High 5 Games Subsidiary’s Asset Transfer Case

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WASHINGTON — In a notable development within a Washington federal court, a lead plaintiff in a class action lawsuit has urged the judge to approve an unjust enrichment claim against a subsidiary of High 5 Games. The basis of this request stems from an asset transfer that took place in 2022, which the plaintiff argues was improper. The controversy centers on the movement of significant assets by a key business unit of High 5 Games. According to details brought to light by the plaintiff, these transfers allegedly diminished the subsidiary’s asset pool, potentially shielding these … Read more

Plaintiff Urges Federal Judge to Uphold $25M Claim in Mobile App Scandal, Accuses Subsidiary of Asset Shuffle to Dodge Payment

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Washington, D.C. – A primary complainant in a class action lawsuit has recently urged a federal court in Washington to uphold an unjust enrichment claim against a subsidiary of High 5 Games. The legal action challenges an asset transfer made in 2022, which the plaintiffs argue was strategically designed to circumvent a $25 million payout awarded by a jury on February 7. The jury found that the company had specifically targeted gambling addicts through its mobile apps that mimic casino-style gambling. The case centers on the controversial practices of social casino-style apps, which have been … Read more

$15.6 Million Win: Jury Awards Former Executive in Landmark Case Against Santa Barbara Asset Management and Nuveen Investment

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Los Angeles, CA – In a recent legal decision, a Los Angeles County Superior Court jury awarded a substantial sum to a former executive. The total of $10.1 million was granted against Santa Barbara Asset Management, LLC and Nuveen Investment, Inc., a significant player in the global investment sector. Including prejudgment interest, the amount rises to approximately $15.6 million. The verdict comes after a complex legal battle where the plaintiff was represented by Amnon Z. Siegel and Jeffery B. White of Miller Barondess LLP, a noted Los Angeles law firm. This case highlights significant issues … Read more