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...
High Court To Hear Ex-CEO's Appeal Over GE Legal Tab
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
