loanDepot has agreed to settle a securities class action lawsuit filed by shareholders that alleged the company, its executives and investment banks made false or misleading disclosures before and after the lender's initial public offering in 2021.
Internal Revenue Service’s IRS Independent Office of Appeals IRS Appeals acknowledged that it has a large backlog of cases that is slowing down the process of resolving cases with taxpayers.In the memorandum released, it details a multipoint plan to get back on track.
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In August of 2020, a California Court of Appeal held that Amazon was subject to strict products liability for each and every product sold on its website. (See
Bolger v. Amazon.com LLC (2020), 53 Cal.App.5th 431. You can read our full analysis of that opinion here. In short, the Court of Appeal held that, notwithstanding Amazon’s protestations, the company was within the vertical supply chain for the product, despite not falling within the classical definitions of designer, manufacturer, or distributor of the product in question. The Court of Appeal also relied on the public policy rationale underlying the doctrine of strict products liability and found that to hold Amazon liable under strict products liability would further those interests. Amazon appealed the
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