Trust

BlockFi Secures $35 Million Settlement with DOJ, Paving the Way for Regulatory Compliance and Rebuilding Trust

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BlockFi, a leading player in the cryptocurrency lending sector, has settled a lawsuit with the U.S. Department of Justice for $35 million. This financial agreement tackles ongoing legal challenges the company faced and outlines measures to steer clear of future litigation, enabling BlockFi to stabilize its operations and rebuild its reputation in the financial sector. The lawsuit originated from claims of mismanagement related to customer funds and non-compliance with regulatory standards. While the payment represents a significant financial burden for BlockFi, it also reflects a strategic initiative aimed at clearing the company’s legal hurdles. By … Read more

Argent Trust Pursues Over $9 Million in Damages Against Blackbeard Operating in Texas Royalty Dispute

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DALLAS, Texas — Argent Trust Company, acting as Trustee of the Permian Basin Royalty Trust, has submitted a second amended petition in a Tarrant County court as part of its ongoing lawsuit against Blackbeard Operating LLC. The legal dispute centers around oil and gas properties in Crane County, Texas, where the Trust claims ownership of a 75% net overriding royalty. The new petition seeks to recover more than $9 million, alleging that Blackbeard improperly calculated and withheld royalty payments owed to the Trust. Specific claims include inappropriate deductions for overhead costs, labor expenses, and saltwater … Read more

Governor Murphy Defends New Jersey’s Immigrant Trust Directive Amid Trump Administration Lawsuit Targeting Local Municipalities

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TRENTON, N.J. — New Jersey Governor Phil Murphy responded strongly to a recent lawsuit filed by the Trump administration, which he claims is improperly targeting four municipalities within the state. The governor emphasized that New Jersey is not involved as a party in this litigation and defended the state’s Immigrant Trust Directive, a policy aimed at protecting public safety. Murphy asserted that the directive has been validated by the courts and forms an essential part of New Jersey’s crime-fighting strategy. He explained that the initiative allows law enforcement officers to prioritize the investigation and prosecution … Read more

Alabama’s Supreme Court Unveils Stricter Advertising Rules for Lawyers, Aiming to Boost Transparency and Trust

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MONTGOMERY, Ala. — Alabama’s legal landscape is set to undergo significant changes as the state’s Supreme Court has announced new advertising regulations aimed at curbing deceptive practices in legal marketing. With over 20,000 lawyers licensed to practice in Alabama, the methods used to attract clients, particularly through media and digital platforms, are being scrutinized. This week, the Alabama Supreme Court unveiled updated rules that mandate all lawyers not licensed in the state to clearly disclose their status in any promotional material aimed at potential clients. This includes online advertisements and social media content, reflecting concerns … Read more