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11th Circ. Upholds Fee Award In Chinese Drywall MDL

The Eleventh Circuit ruled Wednesday that court-appointed class counsel in the defective Chinese drywall multidistrict litigation could receive 45% of the total fees paid to attorneys who negotiated settlements for 497 Florida plaintiffs because their work on the common case helped lead to the individual recoveries. ....

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Forfeiture Suits Over PrivatBank Loan Scheme Paused


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Forfeiture Suits Over PrivatBank Loan Scheme Paused
Law360 (May 10, 2021, 9:28 PM EDT) A Florida federal judge paused litigation on Monday filed by the U.S. government looking to seize properties in Texas and Ohio allegedly connected to a Ukrainian money laundering scheme, while leaving for another day whether to toss parallel litigation targeting a 31-story skyscraper in Kentucky.
U.S. District Judge Marcia G. Cooke ruled during a Monday morning hearing in the case, in which the U.S. Department of Justice is targeting properties allegedly connected to a money laundering scheme involving billions of dollars stolen from Ukraine s largest bank, PrivatBank, by its former owners, Ihor Kolomoisky and Gennadiy Boholiubov. ....

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