Selling

Texas Law Firm Secures Bankruptcy Deal, Selling 6,000 Tort Cases to Satisfy Funders

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AUSTIN, Texas — A Texas law firm is poised to transfer approximately 6,000 tort cases as part of a bankruptcy arrangement aimed at repaying its financial backers. This significant move highlights the firm’s struggle to balance its obligations amid growing debts. The law firm, grappling with financial turmoil, has reached an agreement to offload these cases, which are estimated to involve substantial liability claims. This decision is seen as a necessary step to address the financial challenges that have accumulated over recent years. Under the current plan, the cases will be sold to fulfill the … Read more

Judge Cancels Bond for Suspect Caught Selling Drugs Amid Murder Trial Wait

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Mobile, AL – A local judge has withdrawn the bail of a man awaiting trial for homicide after he was caught allegedly engaging in drug sales. The individual, whose murder trial was pending, has now found himself back in custody. The recent arrest took place after authorities reportedly found evidence suggesting he was involved in the illicit drug trade. This decision by the judicial authorities underscores a stringent stance on pre-trial misconduct, especially concerning individuals facing serious charges such as murder. Typically, the justice system may allow bail under strict conditions; however, engaging in criminal … Read more

SEC Pursues Legal Action Against Kraken, Accuses Crypto Exchange of Selling Unregistered Securities

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San Francisco, California — A notable legal action hastaken shape in the U.S. financial regulatory landscape as the Securities and Exchange Commission (SEC) has initiated a lawsuit against cryptocurrency exchange Kraken. The suit was filed in the Northern District of California and centers on allegations that Kraken engaged in activities involving unregistered securities. The SEC’s complaint seeks a court order to permanently bar Kraken from committing further violations relating to the alleged securities infractions. Additionally, the commission is pursuing the disgorgement of profits deemed to have been illicitly gained through these activities, alongside imposing other … Read more

Real Estate Agents Sue National Association of Realtors and Subsidiaries for Allegedly Selling Bogus Leads

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Los Angeles — A group of eight real estate agents has initiated a lawsuit against the National Association of Realtors (NAR) and several affiliates of Move Inc., accusing them of misleading sales practices including the sale of fictitious leads to agents. This lawsuit, filed in Los Angeles County Superior Court, is seeking class-action status to represent all U.S. real estate agents who were allegedly deceived into purchasing these ineffective leads. The defendants in the case also include Move Sales, OpCity Acquisitions, OpCity Inc., and REA Group Ltd., all subsidiaries of Move Inc., which is itself … Read more