Former executive sues Pat Connaughton’s real estate company

A former executive of Milwaukee Bucks player Pat Connaughton’s company is suing, claiming he was retaliated against by Connaughton and others at the company after attempting to increase financial transparency. Derek Taylor, former chief operating officer at Three Leaf Partners, filed the complaint in late February. His attorney, Jesse Kibort, claims in a complaint that … Read more

Wells Fargo sues JPMorgan over troubled $481M real estate loan

Jonathan Stempel  |  Reuters Wells Fargo WFC.N sued JPMorgan Chase JPM.N on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind eye during due diligence … Read more