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Monthly Archives: November 2021
Managing member of limited liability company owed fiduciary duty to other members
Following a bench trial, John Meyer appealed a judgment of $205,982.55 plus court costs entered against him in favor of Lynn Schieve. Schieve claimed Meyer, as acting manager of the Carroll Meyer Family Limited Liability Company, breached his fiduciary duty … Continue reading
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Doctor Who Allegedly Brandished a Gun During Online Bankruptcy Hearing Faces Possible Criminal Contempt
A doctor is facing criminal contempt proceedings after he allegedly brandished a handgun during a video-conferenced bankruptcy court hearing in the midst of an eviction dispute with his landlord. The doctor, who is not being named since the proceeding is … Continue reading
Posted in Bankruptcy, General
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Police officers in police pursuit were protected by official immunity
Lonnie Decker filed a petition for wrongful death against Sgt. Dirk Helms and Police Chief Joe Edwards of the De Soto Police Department as well as several other defendants following the death of Decker’s daughter, Lillian Flath. Flath was a … Continue reading
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U.S. Facing the Biggest Inflation Surge in More than 30 Years
Consumer prices jumped 6.2% in October, hitting its highest point in more than 30 years according to the Labor Department. The consumer price index (CPI) , which references gasoline, health care, groceries, rent and more, rose 6.2% from a year … Continue reading
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U.S. Jobless Claims Drop to Pandemic Low of 267,000
The number of Americans applying for unemployment benefits fell to a new pandemic low of 267,000 last week as the job market recovers from last year’s sharp coronavirus downturn. Jobless claims fell by 4,000 last week, the Labor Department reported. … Continue reading
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Americans Have Never Been in So Much Debt
American households are carrying record amounts of debt as home and auto prices rise, COVID infections continue to fall and people get out their credit cards again. Between July and September, U.S. household debt climbed to a new record of … Continue reading
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Puerto Rico Bankruptcy Tab Nears $1 Billion as Case Nears End
Hurricanes, earthquakes, the removal of a governor from office and the COVID-19 pandemic have all prolonged the commonwealth’s bankruptcy to more than four years, adding to its costs and keeping the island in default. U.S. District Court Judge Laura Taylor … Continue reading
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U.S. Households Face Biggest Surge in Electricity Costs in More Than a Decade
U.S. consumers faced the biggest jump in their energy bills since 2009, with costs soaring for electricity, natural gas and fuel oil as cooler weather approaches. The price of electricity in October increased 6.5% from the same month a year … Continue reading
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Kmart Closing All but 16 Locations, Sears Closing All but 19
Another iconic superstore has announced that it will be closing all but 16 of its remaining locations in the coming months. Two years after being purchased out of bankruptcy along with Sears, Kmart continues to shrink its once-large footprint by … Continue reading
Posted in Bankruptcy, Business, General
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Luckin Coffee in $175 Million Class Action Settlement over Accounting Fraud
Luckin Coffee Inc. reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue, Reuters reported. Lawyers for the shareholders called the all-cash settlement, filed on Monday night, … Continue reading
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