Bank of America Faces Lawsuit for Failing to Refund Overdraft Fees During COVID-19 Hardship

Oakland, California – Bank of America is facing a lawsuit after allegedly failing to honor its commitment to provide refunds for overdraft fees to customers suffering financial hardship due to the COVID-19 pandemic. U.S. District Judge Yvonne Gonzalez Rogers ruled in favor of the plaintiffs, stating that they had valid claims that the bank deceived them with false promises of assistance. The bank had quietly discontinued its “Client Assistance Program” on August 31, 2020, despite continuing to promote relief from overdraft and insufficient fund fees on its website and mobile app. The program was initially … Read more

Donald Trump Has Spent Nearly $50 Million on Legal Fees Since First Criminal Indictment, With Costs Still Rising

Former President Donald Trump has paid his lawyers nearly $50 million since March 2023 as he approaches the one-year mark since his first criminal indictment, according to filings from his PAC Save America. The ex-president has controversially relied on donors to fund his personal legal battles, leading to escalating costs. Trump’s leadership PAC, Save America, has spent $76.5 million from March 30, 2023, through the end of February, with approximately $47.4 million specifically allocated to legal consulting, attorney payroll, and other legal-related services. Comparatively, between November 2020 and March 29, 2023, Save America spent $25.2 … Read more

Tesla Shareholder Lawyers Seek $6 Billion in Attorney Fees from Elon Musk’s Voided Compensation Package

Wilmington, Delaware – Lawyers representing a Tesla shareholder have successfully contested Elon Musk’s $56 billion compensation package, arguing that the CEO does not deserve such a substantial reward for his work at the electric vehicle company. The lawyers are now requesting that a portion of the compensation package be allocated to them in attorney fees, which would amount to around 11% of the package, or approximately $6 billion worth of Tesla shares. In a filing submitted to a Delaware court, the attorneys asserted that their litigation work warranted a fee of about 11% of the … Read more

Lawyers Demand $6 Billion Worth of Tesla Shares as Fees for Unlawful Pay Package Case Victory

WILMINGTON, Del. (AP) — Lawyers in Delaware are seeking nearly $6 billion worth of Tesla stock as their fee for successfully arguing that CEO Elon Musk’s 2018 pay package was unlawful, according to court documents. The requested fee would surpass previous records for attorney compensation if approved by a judge. In 2008, lawyers working on Enron-related class actions were awarded $688 million in fees. The lawyers, who represented former heavy metal drummer Richard Tornetta and other Tesla investors, convinced the Delaware chancery court to invalidate Musk’s $56 billion pay package from 2018. The court ruled … Read more