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The Worst of Both Worlds: Untimely Buyout Election Yields Full Merits Hearing and Huge Bond

Farrel Fritz

FEBRUARY 13, 2023

Nine months ago, we wrote about a 20% shareholder, Alvin Clayton Fernandes, whose bare bones petition Manhattan Supreme Court Justice Frank P. Nervo found stated sufficient grounds to judicially dissolve a seemingly successful modeling agency, Matrix Model Staffing, Inc. Fernandes sued in November 2021.

Appraisal

Davis Polk Discusses Rulings on Fed’s Denial of Master Accounts to Custodia and PayServices

Reynolds Holding

APRIL 15, 2024

Two federal district courts recently upheld decisions by the Federal Reserve Bank of Kansas City (FRBKC) and the Federal Reserve Bank of San Francisco (FRBSF) to deny master account applications from Custodia Bank (Custodia) and PayServices Bank (PayServices). The magistrate also held that the FRBSF is not an agency of the U.S.

Banking

Banking Finance Technology

The Worst of Both Worlds: Untimely Buyout Election Yields Full Merits Hearing and Huge Bond

Davis Polk Discusses Rulings on Fed’s Denial of Master Accounts to Custodia and PayServices

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