Articles Posted in Securities

Bloomberg Law’s article “Banking Startup’s Bankruptcy Estate Sues Law Firm Over Collapse” describes “A trustee handling the bankruptcy estate for “anti-woke” banking services startup GloriFi is suing Chapman & Cutler LLP on allegations that it played a role in the company’s downfall by aiding its founder’s alleged self-dealing efforts.” Chase Potter is lead counsel, working…

Bloomberg Law’s article — ‘Anti-Woke’ Banking Startup Founder Sued by Bankruptcy Estate — discusses the litigation lead by IMcP on behalf of Glorifi. The article explains: “The founder of “anti-woke” financial services startup GloriFi is being sued by an agent of the company’s bankrupt estate on allegations of self-dealing, misrepresenting facts to investors, and creating…

In a lawsuit filed last week in Fort Worth, IMcP represents more than ten investors alleging fraud against the founders of a bitcoin mining company. The lawsuit is generating media attention, with links below. Chase Potter is lead counsel, working closely with IMcP partners Joshua Iacuone and Anna Richardson. Case No. 342-360258-24 in Tarrant County.

FINRA arbitrations are decided by a Panel of three arbitrators, one of whom is the Chair.  The Chair is more than just 1/3 of a FINRA litigant’s judge, jury, and executioner.  The Chair has an outsized role, authority, and gravitas with the other two panelists. To serve as the Chair for a FINRA arbitration, an…

“Sparks fly in billionaires’ court battle over failed anti-woke bank GloriFi” What’s latest in legal case of GloriFi, failed anti-woke bank? – Dallas Business Journal (Oct. 1, 2024)

‘Do-or-die hearing’ underway in legal fight over remains of anti-woke bank GloriFi Glorifi bank hearing in Dallas, Texas: Updates | wfaa.com (Sept. 26, 2024)

“Billionaires feud over bankrupt ‘anti-woke’ Dallas bank” Businessmen behind ‘anti-woke’ Dallas bank locked in legal battle | wfaa.com (Aug. 6, 2024)

Financial Advisors rightly seek legal help in navigating the departure from their current Firm, whether Protocol or non-Protocol, about solicitation, compensation / Notes, and U5 issues.  It is shocking, however, how unfocused Financial Advisors are about the finer deal points (i.e., other than the financials – frontends/backends) and legalese for the new Firm.  Often, Financial…

“New Dallas Litigation Firm IMcP Established” New Dallas Litigation Firm IMcP Established – The Texas Lawbook (Jan. 29, 2024)