Seventh Circuit reverses district court decision that discretionary beneficiary lacked standing to bring surcharge claim for $200 million in investment losses from investment concentration.
USA, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, McGuireWoods LLP, Fiduciary, Beneficiary, Standing (law), Trustee, Seventh Circuit
Forum selection clause in an investment management agreement is valid and enforceable.
USA, Delaware, Insolvency & Restructuring, Litigation, McGuireWoods LLP, Breach of contract, Investment management, Unjust enrichment, Default (finance), Forum selection clause, Mortgage-backed security
Senator Charles Grassley has sent a letter to the Justice Department asking how Justice has enforced “key employee retention plans” (KERPs) under 503(c) of the U.S.