Blog and News

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…

An arbitration tribunal awarded a decisive win to an IMcP client, a former Director of Operations who began the case as a defendant but ultimately recovered more money than his former employer. Following a two-week final hearing and years of litigation and arbitration activity, the award granted greater damages to the Director, dissolved prior injunctive…

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…

Today, in the Collin County courthouse, Iacuone McAllister Potter achieved for our client a final judgment of $781,600 – resulting a total recovery for the client of over $13 million dollars. The total recovery was in two related lawsuits resolved within two months of each other. The lawsuits, a dispute between former business owners, involved…

Executive agreements often include Change of Control (COC) provisions that are triggered by some material event in the company, often new ownership. IMcP’s employment attorneys have extensive experience drafting and litigating change of control agreements. Change of control agreements are intended to provide levels of protection for a company’s current executives when the company is…

IMcP was a proud sponsor at the Folds of Honor Gala 2024, held at AT&T Stadium. Folds of Honor is a non-profit organization providing educational scholarships to the spouses and children of fallen or disabled military members and first responders. Please learn more about Folds of Honor here:About Us – Folds of Honor

“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)