Certain relationships create what are known as “fiduciary duties.” A fiduciary is a person or entity that owes a special duty to another by virtue of that individual’s superior knowledge and information in a particular area and another’s dependence on them. A breach of this special duty may result in dire circumstances for the fiduciary,…

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Last week, Palme d’Or Cinemas, an independent movie theater in Palm Desert, won an appeal against Cinemark USA.  The owners of the Southern California indie theater filed suit against Cinemark in 2003 after Cinemark opened a theater nearby. According to the initial lawsuit, when Cinemark purchased the nearby 15-screen theater, The River, the movie theater…

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Last month, several Bank of America investors filed suit against the bank claiming that Countrywide Financial Corp. misled investors about their transition from being a traditional lender to a high-risk lender. Investors involved in the lawsuit include the California Public Employees’ Retirement System, BlackRock Inc., the Montana Board of Investors, and 13 more.  In the…

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California banks Village View Escrow Inc. and Professional Business Bank are in the middle of a dispute concerning a hacker infiltration. Village View Escrow filed suit against Professional Business Bank claiming the bank is liable for the losses they incurred because of the infiltration.Hackers were able to access Professional Business Bank’s online bank account and…

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