Assets

County Judge Evaluates Unused Assets to Boost Reserve Funds and Ensure Financial Stability

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CORPUS CHRISTI, Texas — Nueces County officials are evaluating the county’s asset portfolio amid concerns over dwindling reserve funds. County Judge Connie Scott addressed local news outlet KIII regarding the budget and the need for a more comprehensive inventory of properties owned by the county. Scott indicated that the county currently lacks a detailed and up-to-date catalog of its real estate holdings. To address this, she has tasked the four commissioners with assessing their respective precincts to compile a list of properties. Commissioner Brent Chesney confirmed that they have identified over 120 county assets, consisting … Read more

New Jersey Attorney Christine Matus Reveals Strategies to Navigate Medicaid’s 5-Year Lookback and Safeguard Assets

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Toms River, New Jersey — Christine Matus, a renowned Medicaid trust lawyer from The Matus Law Group in New Jersey, has recently clarified the complexities surrounding Medicaid’s five-year lookback period and its potential repercussions on eligibility for long-term care benefits. The lookback period empowers Medicaid to review an applicant’s financial transactions for the past five years, searching for any improper asset transfers or gifts that could affect their eligibility. The implications of the Medicaid lookback rule extend beyond simple eligibility. For those found in violation of these regulations, it can lead to significant delays in … Read more

Bankruptcy Judge Clears Path for Canoo CEO to Acquire Struggling EV Startup’s Assets Amid Controversy and Legal Battles

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Wilmington, Del. — A Delaware bankruptcy judge has cleared the path for Canoo’s CEO, Anthony Aquila, to acquire the bulk of the electric vehicle startup’s assets. The company, which has declared bankruptcy and is among a number of industry startups struggling to maintain viability, will see its remaining assets purchased for approximately $4 million in cash. Judge Brendan Shannon, after reviewing several moderate objections to the sale, stated that the sales process was just and that Aquila was the sole bidder. This transaction will allow Aquila to continue operations and serve existing clients like NASA … Read more

Class Action Plaintiff Challenges High 5 Games Subsidiary Assets Transfer in $25 Million Legal Battle

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Washington, D.C. — In a recent court showdown, a lead plaintiff in a class action has urged a federal judge in Washington to acknowledge an unjust enrichment claim against a subsidiary of High 5 Games. This legal move stems from allegations that a 2022 asset transfer by High 5 Games was a strategic tactic to sidestep payment of $25 million awarded to a class of plaintiffs on February 7. The jury had concluded that the company deliberately targeted gambling addicts with casino-style mobile apps, leading to this significant court-mandated compensation. This ongoing legal saga brings … Read more