Latest news with #attorneyfees
Daily Mail
08-08-2025
- Entertainment
- Daily Mail
Jaime King ordered to court after ex-husband's divorce lawyers claim she failed to pay over $100K in fees
is being taken to court over allegedly unpaid attorney fees totaling more than $100,000 from to her divorce from former husband Kyle Newman. According to a judge's order from earlier this week obtained by the Daily Mail, King has been ordered to appear in court to share information about her assets and how much money she has in her bank accounts to help her ex's former law firm Wasser, Cooperman & Mandles collect. King — who lost custody of her sons to Newman earlier this year — was previously ordered in 2024 to pay $98,441.16 in fees to the law firm, at which the influential divorce attorney Laura Wasser is a partner. The original order also said the law firm was eligible to receive interest on the fees, and it says she owes an additional $2,000. The Daily Mail has contact a representative for King and Wasser, Cooperman & Mandles, but has not yet received replies. Judge Shelley Kaufman ordered King to appear in court on September 16, and the 46-year-old actress faces the threat of arrest if she fails to show up. In Judge Joshua D. Wayser's order from May 14, 2024, he ordered King to pay within 30 days the fees to Wasser, Cooperman & Mandles. 'It is appropriate that [King], the high earner in the marriage, pay those fees,' he wrote at the time, adding that the Sin City star had 'already agreed to do so.' However, the law firm is alleging that King has so far failed to follow through. In a statement to Us Weekly on Thursday, a representative for King said, 'This is the first time Jaime or her current legal team have been made aware of this filing.' They added that 'The continued media attention on the mounting financial and emotional costs of this unnecessarily aggressive divorce highlights the unrelenting pressure Jaime has faced. 'For years, she has endured fear tactics and legal intimidation while doing everything in her power to protect her children and rebuild a stable life for them,' King's representative said. 'Jaime remains committed to the healing for her family, and moving forward with grace. We respectfully ask for privacy and compassion during this time.' While King and her ex-husband still share joint legal custody of their two boys, Newman was given 'tie-breaking authority' to make decisions for the children for the time being. King has reportedly had financial difficulties recently. In January, she was sued by her landlord Sheila Irani over unpaid rent, with documents claiming she owed around $42,580 in back rent, according to Us Weekly. The property was reportedly rented to King for $10,145 per month, and the actress signed the lease in April 2023. King later said that she settled the lawsuit with the landlord privately. Then, in March, she suffered another setback after she lost custody of her sons James, 11, and Leo, 10, to Newman. King's former friend Taylor Swift was famously named the godmother to Leo in 2015. The actress and model was ordered to have any visitations with her sons supervised until she completes a mandatory drug and alcohol program that last six months. Last month, King got engaged to the investment banker Austin Sosa.
Reuters
14-07-2025
- Business
- Reuters
CFTC ordered to pay $3.1 million legal tab in My Forex Funds case
July 14 (Reuters) - A federal judge in Camden, New Jersey, on Monday awarded, opens new tab more than $3.1 million in attorney fees to a U.S.-Canadian trading firm after finding that the U.S. Commodity Futures Trading Commission engaged in litigation misconduct. The fee award from U.S. District Judge Edward Kiel builds on his finding from May that the CFTC "acted willfully and in bad faith on several occasions" in pursuing a lawsuit against Traders Global Group, also known as My Forex Funds. Lawyers for Traders Global did not immediately respond to a request for comment, nor did a spokesperson for the CFTC. The CFTC did not object to the fees sought by Traders Global, which will cover its legal costs from seeking sanctions against the agency. Acting CFTC Chairman Caroline Pham previously said that the agency's conduct in the litigation was "inexcusable." The CFTC accused My Forex Funds and its CEO Murtuza Kazmi in 2023 of fraudulently booking at least $310 million in fees from thousands of customers. The agency said My Forex Funds illicitly transferred C$31.5 million to an unidentified account outside the United States, leading a U.S. judge to freeze the assets of both Kazmi and My Forex Funds. But CFTC employees received an email before the case was filed from the Ontario Securities Commission confirming the transfers were legitimate tax payments to Canadian authorities, a court-appointed special master in the case found. Despite possessing the email, the CFTC proceeded with the lawsuit and alleged that the C$31.5 million transfers were evidence that Kazmi "may — and is likely to — transfer or dissipate" his assets. The CFTC did not disclose the email until four months after bringing its case, and only then in a footnote in a court filing, the special master's report said. Traders Global and Kazmi were represented by a team of attorneys from Quinn Emanuel Urquhart & Sullivan and King & Spalding. Quinn Emanuel charged more than $2.2 million for 1,511 hours of work relating to Traders Global's sanctions request, while King & Spalding charged $469,109 for 406 hours of work, according to Kiel. Quinn Emanuel partner Robert Zink charged the highest rate on Traders Global's legal team, billing $1,810 an hour.
