High Court To Hear Ex-CEO's Appeal Over GE Legal Tab

Law360, New York (January 12, 2018, 6:47 PM EST) -- The U.S. Supreme Court on Friday said it will hear the appeal of an unusual two-judge Fifth Circuit panel decision that ordered a former trucking company CEO to pay about $5 million in legal fees that General Electric Capital Corp. incurred in the bankruptcy resulting from the CEO's fraud.

The high court accepted a certiorari petition from Sergio Lagos that argued there was an “intractable” 7-1 circuit split on the question of whether federal law allows restitution orders to cover the costs of private investigations and...
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