TORONTO (Reuters) - The Canadian Imperial Bank of Commerce said on Monday it saw no merit in a lawsuit filed against it by a special purpose vehicle controlled by U.S. private equity firm Cerberus Capital Management. The lawsuit filed late last week in New York relates to an October 2008 transaction in which CIBC issued a limited recourse note to Cerberus which significantly reduced its exposure to the U.S. residential real estate market, during the depths of the financial crisis. Cerberus alleges that CIBC had defaulted on certain payments and owes it additional payments of hundreds of millions of dollars. CIBC says it had satisfied all its obligations by making 84 monthly payments totaling more than $1.24 billion. It claims Cerberus had accepted the payments without question and was now manufacturing a new interpretation of the deal. CIBC said it had fully performed its obligations in respect to its agreement with Cerberus and believed Cerberus' lawsuit was without merit. (Reporting by Euan Rocha; Editing by Bernadette Baum)
Christina Bobb's comments on Fox News sounded more like an admission to some of Trump's critics.
Newly unsealed documents from the FBI raid on Mar-a-Lago put Trump in even worse legal peril, experts say
A federal judge unsealed documents Thursday that contain new information on the legal woes facing Donald Trump over the Mar-a-Lago search.
- The Root
Previously The Root wrote about how Senate Republicans have no plan to present to the American people as to why they should take control after the midterm elections. Senate Minority Leader Mitch McConnell isn’t helping matters by thinking people still have stimulus money to spend as inflation remains high. With 21 Republican seats up for election, McConnell is facing the hard realization that he may not be getting the Majority title anytime soon.
- Rolling Stone
The singer-songwriter hops on a boat and rows away from the shore in the new visual for the Solar Power closer
Ex-official who investigated Hillary Clinton's emails said there would be evidence if Trump declassified documents: 'It can't just be an idea in his head'
"Programs and officials would have been notified," former DOJ official David Laufman said of Trump's claim he declassified all the Mar-a-Lago docs.
- Business Insider
Former Trump aide Stephanie Grisham thinks there's nothing surprising on Mar-a-Lago surveillance tapes: 'I think what we would see is hardworking FBI agents doing their jobs'
Stephanie Grisham said she's not "surprised" Trump hasn't released the footage yet "only because I don't think there is anything there."
- Harper's Bazaar
The singer, meanwhile, channeled Miami Vice with his look.
An ambulance was seen exiting Ben Affleck's Georgia property as the Oscar winner's car followed behind
The right has used this phrase for others, but doesn't think it should apply to them.
- In The Know by Yahoo
American woman dumbfounded by plate after ordering ‘chips and salsa’ in Italy: ‘I’ll never get over it’
A word to the wise: "Chips and salsa" doesn't mean the same thing everywhere.
- Chicago Tribune
R. Kelly’s former goddaughter breaks down at his federal trial in Chicago, telling jury he filmed them having sex while she was a minor
CHICAGO — For the first time after two decades of swirling allegations, R. Kelly’s former goddaughter has taken the stand as a prosecution witness in a case against the disgraced singer. Dressed in a white blazer with her hair in long braids, the woman, now 37 and testifying at Kelly’s federal trial in Chicago under the pseudonym “Jane,” told the jury she had sexual contact with Kelly for the ...
Alan Dershowitz says every reputable attorney he's spoken with has told him their firms 'won't let them go anywhere near' Trump
Trump will have a hard time building a legal-defense team as his legal troubles continue to build, Alan Dershowitz, who's represented Trump, said.
Trump aides think a family member informed on him to the FBI because agents knew where to find a specific leather case, report says
According to reports, speculation is swirling among Donald Trump's aides about who may have tipped off the FBI about classified information.
The model is mom to sons Kenzo, Gary, and Wolfe, plus daughters Aoki and Ming
- USA TODAY
Frederick Woods, now 70, was 24 when he and two other men kidnapped 26 school children and their bus driver in Northern California and buried them.
- Detroit Free Press
All of a sudden, UCLA isn't sounding 100% in on joining the Big Ten in 2024. We've got a (familiar) solution for that problem.
"There's no way Trump wrote that," said "The Daily Show" host.
- NBC News
A bride and her father have danced their way into the internet’s heart after a video of their routine at her wedding went viral.
- The Guardian
Cheney releases recording of her call to Harriet Hageman, conceding her loss in the Wyoming US House primary on Tuesday
- The Hill
The Department of Justice (DOJ) improperly shielded portions of a memo to Attorney General William Barr that concerned whether former President Trump obstructed a special counsel probe into his campaign’s dealings with Russia during the 2016 presidential election, a federal appeals court in Washington ruled on Friday. The unanimous ruling by a three-judge panel on…