Fiduciary Litigation
In a surprising twist, a toy tycoon is suing an estate agent for allegedly concealing the identity of the buyer for his $79 million mansion. The seller, Leo Kryss, claims he would have demanded a higher price if he had known the buyer was none other than Jeff Bezos, the world’s second-richest person. The property,…
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The recent allegations surrounding Teresa Reveles, Richard Simmons’ longtime house manager and friend, have shed a disturbing light on the complexities of estate planning and the potential for conflict among trustees. Reveles, who served as Simmons’ house manager for 36 years, has filed a petition to be reinstated as a co-trustee of the late fitness…
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Obtaining a judgment in North Carolina is often just the first step in the legal process. While obtaining a judgment provides the right to funds owed, the real challenge lies in collecting the money owed. Unfortunately, many debtors don’t voluntarily fulfill their obligations. This article will guide you through the intricate process of judgment execution…
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Because of how significant the consequences can be and in response to past abuses by lenders, lawmakers have implemented significant regulations governing foreclosures. One term you may encounter in North Carolina is “power of sale foreclosure,” which is a nonjudicial foreclosure that is by far the most common foreclosure action in the state. This clause…
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In a significant blow to the Federal Trade Commission (FTC), a federal district court in Texas ruled that the agency overstepped its authority in issuing a ban on most non-compete agreements. The court’s decision, issued on August 20, 2024, invalidated the FTC’s Final Rule, which was set to take effect on September 4, 2024. The…
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Finding reliable tenants is crucial for landlords, but it’s essential to balance this goal with adhering to fair housing laws. Improper tenant screening can lead to legal issues and costly vacancies. To ensure a smooth process, landlords must understand the guidelines and implement effective screening practices. The Fair Housing Act prohibits discrimination based on race,…
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The long and contentious legal battle over the estate of late television icon Larry King has taken another turn. His widow, Shawn King, has reached a settlement with the business management firm, Blouin & Company, that represented the couple for years. The settlement comes after a tumultuous two-year legal saga filled with accusations and counteraccusations.…
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A bombshell report from The New York Times has unveiled a bitter, behind-the-scenes struggle for control of the Murdoch media empire. At the center of this drama, reminiscent of HBO’s hit show, Succession, is 93-year-old media mogul Rupert Murdoch, who is locked in a legal battle with three of his children over the future of…
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Will caveats can complicate the estate administration process in North Carolina by challenging the validity of the Will. The caveat effectively stops the Will administration until the issue is resolved. A caveat is filed to attempt to safeguard the deceased person’s true intentions and ensure their assets are distributed according to their genuine wishes. Any…
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A recent district court decision offers a win for employers facing withdrawal liability arbitrations with multiemployer pension plans. The case, Nevada Resorts Ass’n–Int’l All. of Theatrical Stage Emps. and Moving Picture Mach. Operators of the U.S. and Canada Local 720 Pension Trust v. JB Viva Vegas, L.P. (D. Nev. Mar. 29, 2024), throws a wrench…
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