All articles tagged with #corporate litigation
Charlie Javice, convicted of fraud related to her startup Frank, is facing a $74 million legal bill paid by JPMorgan, which includes expenses like gourmet food and extensive legal fees for her defense, despite her conviction and ongoing legal disputes over the costs. The case highlights the high legal expenses involved in corporate fraud cases and the complexities of contractual obligations for legal fees.
Delaware judge Kathaleen McCormick has emerged as a formidable force in corporate litigation, recently ruling against Elon Musk in a Tesla shareholder lawsuit that could cost him $50 billion. Musk, who has expressed frustration with Delaware's legal system, has announced plans to move the incorporation of his space company, SpaceX, from Delaware to Texas. Despite Musk's efforts, experts believe that Delaware's judicial expertise and large body of case law make it unlikely for a mass migration of firms from the state.