Litigation Roundup: Fifth Circuit Undoes Transfer of Chamber, CFPB Suit; Souki Owes $100M
In this edition of Litigation Roundup, split panels of the U.S. Court of Appeals for the Fifth Circuit hit pause on the transfer of a lawsuit challenging the Consumer Financial Protection Bureau’s plan to cap credit card late fees and nix a nearly $240,000 sanction against the former CEO of Highland Capital Management. In lower courts, Texas reaches a $6.6 million settlement over a 2019 petrochemical fire and Charif Souki is found by a bankruptcy judge to owe at least $100 million to his creditors.