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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)

  • BREAKING: 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.

  • Snap Financial Reaches $664M Settlement With Red States

    By Spencer Brewer

    Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

  • 3rd Circ. Questions Claims Of Bias In $6B Citgo Sale

    By Caroline Simson

    A Third Circuit panel appeared skeptical during more than two hours of oral arguments on Wednesday that an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of Venezuelan debt should be overturned because of the appearance of bias.

  • Game Co. Investors Seek OK Of $13M Deal On Valuation

    By Sydney Price

    Investors of online gaming company Shanda Games Ltd. have asked a New York federal court to preliminarily approve a $13 million settlement that would end claims the company severely and intentionally undervalued a 2015 going-private transaction.

  • 9th Circ. Judges Hint Hospital CBA May Mandate Arbitration

    By Rachel Riley

    A Ninth Circuit panel appeared receptive on Wednesday to Long Beach Memorial Medical Center's argument that a nurse should be forced to individually arbitrate proposed class break claims, with two judges suggesting that a union contract's repeated references to Golden State labor law bolster the hospital's position.

  • Verisk Denies Fault For Canceled $2.35B AccuLynx Deal

    By Jarek Rutz

    Verisk Analytics Inc. urged the Delaware Supreme Court on Wednesday to let it abandon its $2.35 billion acquisition of roofing software company AccuLynx, arguing a lower court wrongly blamed it for federal antitrust delays, while AccuLynx insisted the company must keep working to close the deal.

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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
  • Colo. Justices Mull Criminal Trial Court's Restitution Authority
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Expert Analysis

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    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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