Delaware Supreme Court Upholds Ruling Allowing Wal-Mart Shareholders to Inspect Documents Tied to Bribery Probe in Mexico

WILMINGTON, DE (July 24, 2014) – In a key legal ruling for shareholders of Wal-Mart Stores, Inc. (NYSE: WMT), the Supreme Court of the State of Delaware has held that institutional investors should be allowed to inspect corporate documents related to Wall-Mart’s internal investigation of suspected bribes at its Mexican operations.…. Read the full Press Release

Grant & Eisenhofer Files Class Claim on behalf of Greek Investors against Republic of Cyprus, alleging Deposits and Bonds were Wrongly Confiscated following 2013 Bailout

ATHENS/NEW YORK (July 14, 2014) – A group of Greek investors today have filed a notice of dispute against the Republic of Cyprus for losses arising from the Cyprus financial crisis and the March 2013 bailout of Cyprus. The group of nearly 100 investors, including individuals and institutions, is comprised of depositors and bondholders of Laiki Bank and the Bank of Cyprus whose funds were confiscated by the Cyprus government following the country’s €10 billion bailout…. Read the full Press Release

Read the Notice of Dispute Against Cyprus – 11 July, 2014

Firm Director Adam Levitt interviewed by Bloomberg BNA on GM Ignition-Related Recalls

GM Injury, Loss Litigators Take Stock of New Ignition-Related Recalls – Recently expanded recalls by General Motors may broaden and strengthen both economic-loss and personal-injury litigation against the company, plaintiffs’ attorneys tell Bloomberg BNA. The June 13 and 16 recalls are a facet of the same problem as the original ignition-switch recalls and significantly increase GM’s exposure in at least some of the existing economic-loss class actions, attorney Adam Levitt said June 19…. Read the full interview

Leading New York Bankruptcy Lawyer Gordon Novod joins Grant & Eisenhofer to head Bankruptcy Litigation Practice

NEW YORK (June 25, 2014) – Leading financial litigation law firm Grant & Eisenhofer P.A. announced that prominent creditor-side bankruptcy lawyer Gordon Z. Novod has joined the firm to head its bankruptcy litigation practice. Mr. Novod, who joins G&E’s New York office as a director, was previously a partner in the bankruptcy & corporate restructuring practice of Brown Rudnick in New York… Read the full Press Release

New York Federal Court Rules that Refco Bankruptcy Estate Can Proceed With Lawsuit against Cantor Fitzgerald and CEO Howard Lutnick Over Theft of Intellectual Property

NEW YORK (June 16, 2014) – A federal judge in New York’s Southern District has upheld all of the key claims in a lawsuit filed against financial services firm Cantor Fitzgerald and its primary owner and chief executive Howard Lutnick by the bankruptcy estate of former futures broker Refco Inc. The suit, filed in 2013, alleges that Cantor’s Nevada gaming businesses acquired proprietary technology and other assets from a subsidiary in which Refco held a 10% stake, without ever compensating the subsidiary and depriving Refco of its interest in the assets… Read the full Press Release