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Three groups of investors bilked in the Gina Champion-Cain Ponzi scheme have agreed to settle lawsuits against Chicago Title for a combined $46.65 million, which equates to recovery of about 75 percent of their net losses.
The proposed settlements, which must be approved by a judge, were revealed in filings in San Diego federal court on Thursday. The agreements cover loss claims by 130 investors, or roughly a third of all those caught up in the $400 million fraudulent liquor license loan gambit.
Approval of the agreements is not a slam dunk. A court-appointed receiver, working to recover funds from insiders and others involved in the scheme, has objected to portions of the settlements. U.S. District Judge Larry Burns has scheduled a hearing on the matter on April 5.
For Immediate Release, March 5, 2021
Contact:
Aruna Prabhala, Center for Biological Diversity, (408) 691-6272, aprabhala@biologicaldiversity.org
California Court Stops Big Bear Development From Relying on Expired, Decades-old Permits
FAWNSKIN,
Calif. A California Superior Court judge has ruled in favor of conservation groups and found that the Marina Point Development on the shores of Big Bear Lake lacks valid permits. The project threatened habitat for bald eagles and other wildlife.
Nearly seven years after the petition and complaint were filed, the court’s ruling makes clear that, unless San Bernardino County issues new project approvals, the project construction cannot move forward.
“We’re thrilled that the truth of the situation has finally been set straight and the court has upheld the law,” said Roman Silberfeld, chairman of the Board for Friends of Big Bear Valley. “We are happy to help protect our beautiful rural community and
“Coming 2 America,” arriving on our shores Mar. 5, promises the return of fan favorite Saul, the Jewish barber shop patron (played by Eddie Murphy), who has evidently led a biblically long life.
The writers on the original film, David Sheffield and Barry W. Blaustein, are also returning. But it remains to be seen if their script will include a knowing nod to the iconic 1988 comedy’s other Jewish legacy: a lawsuit that pit humorist Art Buchwald against Paramount.
The story goes something like this: In 1982, Buchwald, a longtime columnist for the Washington Post, pitched Jeffrey Katzenberg a treatment that sounds awfully familiar if markedly more problematic coming from a white writer.
Agents Secure Certification Victory Over Farmers Insurance prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.