Martina Barash

2 days ago | news.bloombergtax.com | Martina Barash

The “dramatic and unfortunate end” of Adidas AG‘s partnership with the designer and rapper Kanye West and his Yeezy businesses doesn’t mean investors have a case for securities fraud, the company told the Ninth Circuit. The lead investor “fails to plead any of the core elements of a securities fraud claim” over the company’s relationship with West, also known as Ye, Adidas said Monday in a brief.

2 days ago | news.bloomberglaw.com | Martina Barash

The “dramatic and unfortunate end” of Adidas AG‘s partnership with the designer and rapper Kanye West and his Yeezy businesses doesn’t mean investors have a case for securities fraud, the company told the Ninth Circuit. The lead investor “fails to plead any of the core elements of a securities fraud claim” over the company’s relationship with West, also known as Ye, Adidas said Monday in a brief.

2 days ago | news.bloomberglaw.com | Martina Barash

Newark, N.J.-based League Network PBC misrepresented its ability to satisfy local employment requirements as an EB-5 visa investment because it was in the process of selling itself to an organization in Alabama, a suit alleges. The financial platform company’s sale to Alliance Reentry Centers PBC “subtracted at least two jobs from Newark,” instead of adding 10 jobs there as required to qualify as an investment for the visa program, applicant Yash Kamat says.

2 days ago | news.bloombergtax.com | Martina Barash

Newark, N.J.-based League Network PBC misrepresented its ability to satisfy local employment requirements as an EB-5 visa investment because it was in the process of selling itself to an organization in Alabama, a suit alleges. The financial platform company’s sale to Alliance Reentry Centers PBC “subtracted at least two jobs from Newark,” instead of adding 10 jobs there as required to qualify as an investment for the visa program, applicant Yash Kamat says.

2 days ago | news.bloombergtax.com | Martina Barash

JPMorgan Chase Bank NA will remain in a lawsuit over employees’ alleged assistance to a $119 million real estate Ponzi scheme after a federal court rejected its defenses. A court-appointed receiver for Silicon Sage Builders LLC, the vehicle for the alleged fraud, has standing to sue the bank, Judge Charles R. Breyer said Monday for the US District Court for the Northern District of California. And the claims are timely, Breyer said.