A California judge on Monday set a contempt hearing for an attorney representing nuns who unsuccessfully attempted to block Katy Perry's $14 million purchase of their former convent from a Catholic archbishop, after the church said the nuns are holding things up by keeping key property records.
The Little Traverse Bay Bands of Odawa Indians told a Michigan federal court Friday that arguments regarding the potential disruptive effects of tribal authority by the state’s governor and others are irrelevant to the tribe’s bid to define its reservation boundaries.
The receiver for the estate of the Jay Peak Resort, sued by the SEC over an alleged $350 million fraud scheme involving the EB-5 immigrant investor program, objected Friday in Florida federal court to a bid by Berger Singerman LLP for attorneys' fees, saying the estate is illiquid and cannot pay at the moment.
Airlines sued by World Trade Center Properties LLC in connection with the 9/11 attacks have asked a federal court not to recalculate how much money the property developer collected from insurers after the attacks, saying a Second Circuit ruling last year upheld the court’s initial calculations.
Starwood Capital Group and Brookfield Property Partners LP are teaming up to sell a portfolio of nine hotels in Germany to a company created by French real estate company Fonciere des Regions and other investors, the companies said Monday.
Three former top Nomura Securities International Inc. traders asked a Connecticut federal judge to deny the government’s bid to block evidence in its case accusing them of lying to investors about pricing residential mortgage-backed securities trades, calling the attempt “at best, disturbing.”
The government fought back Friday against Titan Tire Corp. and parent company Dico Inc.’s request that an Iowa federal judge recuse himself from a $3 million PCB-contamination suit, arguing their dissatisfaction with the judge’s previous ruling isn’t grounds for recusal.
The Supreme Court on Monday said it would not review a Third Circuit decision reviving a real estate developer’s claim that a New Jersey ShopRite chain's operator used anti-competitive tactics to block another supermarket from opening, according to an order list issued by the high court.
National Health Investors Inc. said Monday that it has exercised its purchase option to acquire five assisted living and memory care facilities owned and operated by Bickford Senior Living for $87.5 million.
The Second Circuit on Monday threw out a New York district court judge’s $1.3 billion penalty against Bank of America over a financial crisis-era mortgage program, determining that the bank can’t be held liable for fraud for what may have been an intentional breach of contract.
The Northern Arapaho Tribe agreed Friday to pursue mediation with the federal government and voluntarily dropped its claims against Eastern Shoshone officials in its suit alleging the Bureau of Indian Affairs wrongly gave the Eastern Shoshone Tribe its blessing to take control of programs regulating joint tribal land.
The owners and executives of a foreclosure services firm argued Friday to have a third-party breach of fiduciary duty suit dismissed in Delaware Chancery Court, saying the law firm suing them failed to properly plead its claim.
The Ninth Circuit on Thursday declined to reconsider its decision finding the Tohono O’odham Nation’s gambling compact with the state of Arizona clearly permitted the operation of a Phoenix-area casino, denying a plea by rival tribes to shutter the establishment.
A federal judge in Florida on Thursday denied the National Football League Alumni Association’s request to shoot down claims in a suit accusing it of cutting a retired player out of a $1.1 million annual payout related to an assisted living facility development.
The Texas Supreme Court determined Friday that the state constitution does not entitle a homeowner to full repayment of a home equity loan's principal and interest simply because the lender failed to comply with a constitutional requirement to release liens once the loan is paid.
Lewis Brisbois Bisgaard & Smith LLP has sued the Los Angeles developer of an unfinished apartment complex that caught fire, alleging the developer’s lack of safety preparations meant the fire grew into an inferno that roasted the firm’s next-door offices, forcing it to move.
A subsidiary of Etre Financial Inc. withdrew a $33 million initial public offering meant to fund the purchase of a single Philadelphia development, citing unfavorable market conditions, according to documents filed Thursday with the U.S. Securities and Exchange Commission.
Bank of America Corp. on Friday asked a Pennsylvania federal judge to dump a proposed class action over alleged kickbacks garnered from overpriced mortgage insurance, saying that the Racketeer Influenced and Corrupt Organizations Act suit came too late.
California, which has already made medical marijuana legal, is voting in November to legalize recreational pot, and lawyers say companies across the U.S. and the world are looking to do land acquisition and leasing deals in the state, despite numerous hurdles.
The Institute for Advanced Study argued Thursday that there is sufficient evidence supporting an environmental regulator’s determination that a historic battlefield in Princeton, New Jersey, contains no protected wetlands, blasting activists' latest efforts to halt a planned residential development.
Although the recently adopted amendments to Rule 3002.1 clarify when a notice of payment change is required, they do not address the difficulties of calculating timely payment amounts for daily simple interest accounts and home equity lines of credit, and the burdens associated with filing PCNs for the often de minimis monthly changes on these types of accounts, say attorneys with K&L Gates LLP.
Litigation involving residential real estate often requires using statistical tools that can instantaneously value many different properties, like automated valuation models. If used correctly, AVMs provide objective value estimates cheaply and quickly, but they have certain limitations that attorneys must take into account, say Niall MacMenamin and Hristina Bojadzieva at Analysis Group Inc.
In calling for mandatory pro bono service, U.S. Supreme Court Justice Sonia Sotomayor is effectively using her bully pulpit to advance the cause of access to justice for the poor. Her courageous leadership is a clarion call to action that must be heeded. But bold as it may be, the pronouncement is incomplete, says David Lash, managing counsel for pro bono at O’Melveny & Myers LLP and a member of the Association of Pro Bono Counsel.
Joining two firms with long histories meant not only combining cultures, philosophies and deeply rooted ways of doing business, but also combining two IT systems, two accounting systems, and two ways of handling many other administrative functions. It didn't help that the firms had different fiscal year ends, says John Langan, managing partner of Barclay Damon LLP.
The standard responses for why mediations fail are “wrong people, wrong time, no joint session,” but in interviews with colleagues and fellow mediators, Cecilia Morgan at JAMS ADR takes a look at other common reasons why mediation are unsuccessful, and the best ways to guide a mediation to a satisfactory conclusion.
On May 20, 1996, the U.S. Supreme Court held that a $2 million punitive damages award imposed for a tort that caused $4,000 in economic harm was unconstitutionally excessive. In the ensuing 20 years, BMW v. Gore has proved to be a foundational case in punitive damages jurisprudence. We were fortunate enough to have played a role in this historic decision, say Mayer Brown LLP partners Andrew Frey and Evan Tager and Maserati North Am... (continued)
Last week, we discussed why corporate legal departments are taking on so much more work themselves instead of outsourcing it to law firms. This is, of course, an ominous sign for law firms and the traditional partnership structure. So too is disaggregation and the emergence of legal service providers as well as others — notably the Big Four — poised to enter the gargantuan legal services market, says Mark A. Cohen of Legal Mosaic LLC.
The past six months have brought a number of significant state and local tax cases with wide-ranging effects on businesses and individuals in Pennsylvania, including cases on the corporate net income tax, the Public Utility Realty Tax Act and the Local Tax Enabling Act, among others, says James Malone at Post & Schell PC.
By recently reversing the position it took in a chief counsel advice earlier this year, the IRS has taken a position on “bad boy” guarantees that is consistent with the view of most professionals in the real estate industry, say attorneys with Mintz Levin Cohn Ferris Glovsky and Popeo PC.
President Obama in his fiscal year 2017 budget has proposed to modify the like-kind exchange rules for all real and personal property, thus dampening the pervasiveness of Section 1031 exchanges, though is unclear whether the government’s concerns are well founded or whether Section 1031 exchanges have fueled investment and benefited the economy, say Howard Cohen and Corey Strauss at Buchanan Ingersoll & Rooney PC.