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Treasury Proposes Barring Big Investors From Buying Homes

A suburban house with a green lawn and a gray slate walkway leading up to it, passing by a For Sale sign.

By Isaac Monterose

The U.S. Department of the Treasury has proposed a rule that will bar large institutional investors from buying single-family homes, absent specific exceptions, saying Thursday that the proposal aims to "make homeownership more affordable for hardworking Americans."


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Top Stories
  • A sign above a door says JPMorgan Chase
    JPMorgan, Ex-Frank Execs Clash Over $2.1M In Legal Fees

    By Jarek Rutz

    JPMorgan Chase & Co. faced renewed demands in the Delaware Chancery Court on Thursday to pay about $2.1 million ...(read more)

  • Smartphone displaying black company lettering on a white screen, positioned in front of a blurred oversized black letterform on an orange background.
    Anthropic's Lyric 'Mash Up' May Be Fair Use, Judge Says

    By Dorothy Atkins

    A California federal judge Wednesday appeared open to Anthropic's defense that using copyrighted song lyrics to ...(read more)

  • 9th Circ. Affirms Verdict Clearing Shyamalan Of Infringement

    By Elliot Weld

    The Ninth Circuit on Thursday upheld a jury's decision clearing Apple Inc. and filmmaker M. Night Shyamalan of allegations that they stole an independent filmmaker's work for the Apple TV show "Servant," rejecting arguments of improper jury instructions.

  • 6th Circ. Weighs Ford's $13M Trade Secrets Verdict

    By Melanie Dorsey

    A panel of the Sixth Circuit on Thursday questioned whether Ford should have to surrender $13.2 million in profits from a vehicle interface module after a jury found the automaker misappropriated a supplier's trade secrets, pressing attorneys on whether the award improperly included profits generated by features unrelated to the disputed technology.

  • Gilead Reaches $45M Settlement To End Kickback Claims

    By Spencer Brewer

    The Texas Office of the Attorney General on Thursday announced that pharmaceutical company Gilead Sciences Inc. signed off on a $45 million settlement to end claims that the company ran an illegal kickback scheme in order to get prescribers to favor its medications.

  • Va. State Senator Accused Of Using Office To Aid Pot Shop

    By Jared Foretek

    Democratic Virginia state Sen. L. Louise Lucas was charged in a federal indictment unsealed Thursday with racketeering, money laundering, conspiracy to distribute marijuana and conspiracy to commit wire fraud, accused of running a criminal enterprise through a Portsmouth hemp shop.

  • Zurich Gets 11th Circ To Shrink Solar Co.'s Coverage Win

    By David Aaro

    Zurich American Insurance convinced the Eleventh Circuit on Thursday to narrow First Solar Electric LLC's $12.2 million jury win in a coverage dispute over rain damage, but the appeals court backed the bulk of damages awarded to the Georgia solar farm.

  • California Jury Clears San Francisco In DA Worker's Bias Case

    By Bonnie Eslinger

    A California jury on Thursday ended a decadelong, precedent-setting race bias suit brought by a Black San Francisco prosecutor's office worker who claims that the city inadequately responded after a co-worker called her a racial slur, finding that there was no racial harassment or retaliation.

  • FTC Wants More Info On Curium's $8B Deal For Lantheus

    By Matthew Perlman

    The Federal Trade Commission has requested additional information about Curium's planned $8 billion acquisition of fellow radiopharmaceutical company Lantheus Holdings Inc., extending a waiting period that prevents the transaction from closing.

  • Music Co. Accuses Anthropic Of Training Claude On Catalog

    By Elliot Weld

    A music holdings company has alleged that Anthropic trained its large language model Claude on copyrighted music by pirating songs from the internet and removing their copyright management information.

  • New Weil-Willkie Domains Add To Merger Speculation

    By Marialuisa Taddia

    Two domain names that combine the names of Willkie Farr & Gallagher LLP and Weil Gotshal & Manges LLP have been registered, fueling speculation about a potential merger between the two prominent Wall Street law firms.

  • Latham Advises LSE Owner On $3.5B Octus Acquisition

    By Irene Madongo

    London Stock Exchange Group said Thursday it has agreed to buy U.S. credit intelligence provider Octus for $3.54 billion cash, a deal it anticipates will transform its presence in private market data.

  • 7 Firms Advise EQT, Qiagen On $12.1B Take-Private Deal

    By Hailey Konnath

    A long list of firms — including Davis Polk & Wardwell LLP, Linklaters LLP and Milbank LLP — are steering Sweden-based EQT Private Equity's $12.1 billion takeover of life sciences testing company Qiagen NV, according to a Wednesday announcement.

  • Keurig Judge Aims Trimmed K-Cup Antitrust MDL Toward Trial

    By Lauren Berg

    A New York federal judge trimmed claims in multidistrict litigation accusing Keurig Green Mountain of anticompetitively cutting out rivals with exclusive dealings and exclusionary product design, but sent to trial a number of monopolization, tying and false advertising allegations, according to an order unsealed Tuesday.

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Latest News

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From The Courtroom

  • Ex-Adams Aide Denies $150K Corruption Charges In SDNY
  • Precedent-Setting Calif. Bias Suit Over Slur Heads To Jury
  • Mich. Jury Awards $135K In School Sex Abuse Case
  • No PTSD, Expert Says In Ex-SF DA Worker's Racial Slur Trial
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Expert Analysis

  • Pavithra Kumar
    Measuring Shareholder Harm In Death Spiral Convertibles
    As convertible structures have recently regained prominence, it's important to revisit the so-called floating-price death spiral con... (read more)
  • Timothy Cook
    How Rule 45 Update May Change Remote Trial Subpoenas
    The Committee on Rules of Practice and Procedure's recently recommended update to Rule 45 of the Federal Rules of Civil Procedure wo... (read more)
  • Veronica Finkelstein
    Reel Justice: 'The Odyssey' And Making Tough Trial Choices
    In “The Odyssey,” Odysseus succeeds because he abandons the search for a perfect answer, highlighting for litigators why successful ... (read more)
  • Matthew Nealon
    Protecting Trade Secrets When AI Agents Go Rogue
    In light of a recent incident in which artificial intelligence agents compromised parts of Hugging Face's production systems, and th... (read more)
  • Olaoluwaposi Oshinowo
    Clippers Salary Cap Probe Offers Investigation Tips For Cos.
    The NBA's recent investigation into whether the Los Angeles Clippers circumvented salary cap rules offers an unusually detailed look... (read more)
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