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All Posts Tagged With: "Litigation"

Wells, Citi And Wachovia Take A Breath

After a weekend of back and forth, one judge’s order to stop Wells and Wachovia from proceeding on Saturday, and appellate court overturning that order on Sunday, and a $60 Million CitiGroup (C) suit against both Wells Fargo (WFC) and Wachovia (WB), the three parties have agreed to a temporary halt to all litigation and discovery until Wednesday at noon.

Which just demonstrates the fallout that can be expected as the government (in this case, the FDIC) strong-arms companies to act, no matter how imprudently, to prevent the government from stepping in and (in this case) taking yet another bank into receivership.


Westboro – As Phake As You Can Get

My good buddy Bithead made passing mention yesterday of yet another of Westboro’s (the “church” from Topeka Hell) planned outings, this one to Heath Ledger’s funeral.  He rightfully calls them the “slugs” they are, but then says (to Westboro):
You’re in the business, in the end, of changing minds.
Sorry, my friend, they’re not in that [...]