Banque Worms News Today

Court reverses on restitution exception in case over mistaken payment- Applying the discharge-for-value doctrine from Sec. 14 of the Restatement (First) of Restitution (1937) — a limited exception to the general rule that mistaken payments must be returned — a federal judge in Manhattan concluded that Revlon Inc.’s...

Recipients of an erroneous $500 million wire transfer that had the financial world buzzing must return the funds, a U.S. Court of Appeals for the…

In a decision rendered September 8, 2022, a three-judge panel for the United States Court of Appeals for the Second Circuit vacated a February, 2021 decision by the United States District Court for the Southern District of New York.

The Second Circuit vacated a February, 2021 decision by the District Court for the Southern District of New York in favor of the defendant loan managers which held the Loan Managers were not obligated to return an accidental payment by Citibank of approximately $500 million.

In a decision rendered September 8, 2022, a three-judge panel for the United States Court of Appeals for the Second Circuit (the “Court”) vacated a February, 2021 decision by the United...

A February 16, 2021 decision of the United States District Court for the Southern District of New York held, in In re Citibank August 11, 2020 Wire Transfers, 520 F. Supp. 3d 390, that...

A February 16, 2021 decision of the United States District Court for the Southern District of New York held, in In re Citibank August 11, 2020 Wire Transfers, 520 F. Supp. 3d 390...

In a long-anticipated decision, on September 8, 2022, the United States Court of Appeals for the Second Circuit (the “Second Circuit”) vacated the judgment of the Southern District of...

Revlon was the most active stock on Friday with over 146 million shares traded, compared to a float of just over 7 million shares.

What Does Culture Do? What we know as 20th-Century fascism, or synarchism—as we fought against it under President Franklin Roosevelt’s leadership—lies in a persisting effort to overturn those principles of civilized relations among sovereign nation-states which were adopted by the 1648 Treaty of Westphalia. As we have documented this fact in locations published earlier, the turn in direction of pathway, away from President Franklin Roosevelt’s leadership, toward the catastrophe which is...