Matthew Sellers

Matthew Sellers
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World's largest wealth fund takes $40 billion hit amid tech sector turbulence
NEWS INDUSTRY NEWS APR 24, 2025
World's largest wealth fund takes $40 billion hit amid tech sector turbulence

$1.7 trillion fund takes big hit.

Ameriprise posts robust Q1 growth as wealth division lifts results
NEWS BROKER DEALERS APR 24, 2025
Ameriprise posts robust Q1 growth as wealth division lifts results

Wealth arm thrives despite market headwinds.

Federal Government to start debt collection on up to 5.3 million borrowers
NEWS INDUSTRY NEWS APR 21, 2025
Federal Government to start debt collection on up to 5.3 million borrowers

Defaulting loans to be recovered via Social Security, tax refunds and wage garnishment.

"Extreme outcomes… are no longer unthinkable" – Capital Economics
NEWS INDUSTRY NEWS APR 16, 2025
"Extreme outcomes… are no longer unthinkable" – Capital Economics

As dollar tanks, alarm bells ring amid comparison to UK meltdown in 2022 – and that’s not exactly a ringing endorsement.

Indiana court overturns $3M CBIZ award in Zotec M&A legal clash
NEWS REGULATION AND LEGISLATION APR 15, 2025
Indiana court overturns $3M CBIZ award in Zotec M&A legal clash

A $3.1 million attorney fee award in CBIZ’s favor was reversed after an Indiana appellate court ruled Zotec had not breached its acquisition contract merely by bringing claims.

Wisconsin court rejects Utah venue clause in receiver’s bid to claw back MCA payments
NEWS REGULATION AND LEGISLATION APR 15, 2025
Wisconsin court rejects Utah venue clause in receiver’s bid to claw back MCA payments

The Wisconsin Court of Appeals ruled that a receiver can recover over $137,000 in alleged preferential payments from a Utah funder, despite forum and choice-of-law clauses in merchant cash advance agreements.

New York court affirms $1.6 billion judgment over Baha Mar resort collapse
NEWS REGULATION AND LEGISLATION APR 15, 2025
New York court affirms $1.6 billion judgment over Baha Mar resort collapse

The Appellate Division of New York’s Supreme Court has upheld a $1.64 billion ruling against China Construction entities in a high-stakes case over the failed Baha Mar resort development in the Bahamas.

Delaware court allows disclosure claim in Focus Financial buyout lawsuit to proceed
NEWS REGULATION AND LEGISLATION APR 15, 2025
Delaware court allows disclosure claim in Focus Financial buyout lawsuit to proceed

Delaware’s Chancery Court dismissed controller and fiduciary claims in a suit over Focus Financial’s sale but kept alive a disclosure issue tied to a rival bidder.

Ohio court enforces arbitration in family trust dispute over venture investments
NEWS REGULATION AND LEGISLATION APR 15, 2025
Ohio court enforces arbitration in family trust dispute over venture investments

An Ohio appellate court has upheld a trial court’s decision to enforce arbitration clauses in a complex family trust dispute over access to venture investments, reinforcing the binding power of partnership agreements.

New York court backs broker in $795K commission dispute with Helmsley Spear
NEWS REGULATION AND LEGISLATION APR 15, 2025
New York court backs broker in $795K commission dispute with Helmsley Spear

A New York appeals court upheld a $795,480.96 judgment for broker Scott Bloom in a dispute over unpaid commissions, rejecting Helmsley Spear’s procedural and contractual defenses.