People in Texas and throughout the country were affected by Bernard Madoff's Ponzi scheme several years ago, but on May 18, a judge dismissed a suit by investors who attempted to sue JPMorgan Chase & Co. for Madoff's actions. The suit, which was filed in New York, stated that the company had profited from doing business with Madoff while ignoring red flags. However, the judge ruled that the investors had waited too long to file the suit and that there was insufficient evidence of JPMorgan's control of Madoff's activities.
Fox News Network, LLC, which operates Fox Business News, and Leftfield Pictures, a reality television producer, have come to a settlement over a breach of contract lawsuit regarding a proposed series. Reality television viewers in Texas might have heard about the potential show about estate sale managers.