ABC News legal affairs anchor Dan Abrams filed a $2 million lawsuit against his neighbor, Weil Gotshal & Manges LLP partner Adam Hemlock in New York state court Monday over a protracted and heated condominium association dispute, which prompted Abrams to launch a state bar complaint against Hemlock last year.
U.K.-based Rockspring Property Investment Managers LLP has bought a 120,000-square-foot, six-floor office headquarters in Aberdeen, Scotland, for £45.1 million ($69.1 million) from energy company EnQuest PLC, the firm said Tuesday.
Attorneys anxious to pin responsibility for chemical pollution in India on Union Carbide Corp. on Tuesday asked the Second Circuit to revive their putative property damage class action and allow new expert testimony they said would show an important link between the parent company and an Indian subsidiary.
Interstate Fire & Casualty Co. and Fireman's Fund Insurance Co. must cover a $25.5 million punitive damages award against an apartment complex's owner and manager in an underlying carbon monoxide poisoning case, a Wyoming federal judge ruled Tuesday, saying the insurers lost their chance to assert an exclusion.
August proved to be a busy month for promotions and new hires, with Airbnb, Starwood, HFF, CBRE and many others bringing on new talent or promoting from within.
Florida-based GrayRobinson PA announced Tuesday it has opened a new office in Fort Myers, marking its 13th location in the state, to be run by two of the firm's veteran attorneys who respectively focus on construction law and land use and local government.
Investors smacked The Ryland Group Inc.’s board of directors and Standard Pacific Corp. with a putative class action Monday in Delaware Chancery Court, alleging the companies' proposed merger into a $5.2 billion homebuilding giant merely advances the Ryland board’s interests without creating value for shareholders.
A Texas federal judge slapped the U.S. Environmental Protection Agency with sanctions this week, chiding the agency for acting in “bad faith” by stalling on orders to hand over documents that likely would have defeated a Clean Water Act suit brought against a property developer.
The Pennsylvania Superior Court ruled in a published opinion Monday that Seneca Resources Corp. had not forfeited a gas lease on a portions of a 25,000-acre parcel that it was not actively drilling, finding there were no provisions for severability in the lease.
A Delaware Chancery judge on Monday rejected a bid to block the $1.45 billion merger of Johnson Controls Inc.'s facilities management unit with C.B. Richard Ellis Inc., saying Global Communications & Learning Network Corp. failed to show it would suffer irreparable harm if the deal closes Tuesday.
The lead plaintiffs in a shareholder suit accusing MGM Resorts International of misleading investors about the financial health of its $9 billion CityCenter development in Las Vegas sought preliminary approval Friday for a $75 million settlement they called an "outstanding" result.
The Ninth Circuit on Monday said a real estate investor’s alleged removal of emails to a deleted items folder during an investigation into a foreclosure auction bid-rigging scheme didn’t necessarily amount to concealment, affirming a judge’s decision to acquit him of an obstruction of justice charge after a jury found him guilty.
The owners of five units in a Miami-area condominium who plan to develop a nearby Ritz-Carlton successfully blocked on Monday condo association rule changes that would have allowed the condo's sale, and got $120 million in counterclaims for fraud, conspiracy and tortious interference tossed.
The owner of a defunct title company pled guilty in New Jersey on Monday to pilfering $7.7 million from real estate closings to bankroll the operating losses of his business and personal expenses ranging from travel to rent, state authorities said.
Golden Eagle Insurance Corp. urged a California federal judge on Friday to toss the bad faith claim alleged by Rainbow Sandals Inc. in a coverage dispute over $1 million in property damage at the company’s headquarters, arguing that evidence clearly shows a genuine dispute of the cause of the damage.
Bear Stearns Cos. LLC and Deloitte & Touche LLP urged the Second Circuit on Monday not to reopen a $200 million securities fraud suit against them, saying that a key precedent blocks any statute-of-repose loophole claimed by plaintiff SRM Global Master Fund Ltd.
Nexsen Pruet LLC has expanded its real estate practice in Raleigh, North Carolina, with a pair of former Morris Manning & Martin LLP attorneys.
A Michigan federal judge on Monday recused herself from a False Claims Act suit alleging PNC Financial Services Group Inc. didn’t disclose environmental contamination liability when applying for Troubled Asset Relief Program funds, despite the relator’s claim that the bank had wrongly engaged in “judge shopping.”
The Miami market has been seeing a sunny period of double-digit growth in residential sales and a bevy of new development in several areas. New airline regulations affecting zoning, however, have dampened some of the buoyant construction activity in the downtown Miami area, and deals are getting pricier. Here, Law360 looks at these and other deal trends.
A $3.3 million verdict against a pair of Pennsylvania attorneys was upended by the state’s Superior Court on Friday after a three-judge panel found that the malpractice suit, which dealt with mishandled claims against the insurer of a Philadelphia office building, was not filed within the statute of limitations.
On Aug. 25, the U.S. Securities and Exchange Commission filed a civil fraud suit against Lobsang Dargey, a real estate developer and alleged fraudster who also happens to be a brother-in-law of tennis star Andre Agassi. The complaint is relevant to investors and regional centers in the EB-5 industry, as well as to lawyers advising issuers in EB-5 offerings, say members of Mintz Levin Cohn Ferris Glovsky and Popeo PC.
While anti-concurrent cause provisions are enforceable in a vast number of policies and jurisdictions, the Ninth Circuit's Stankova decision has brought the enforceability of such clauses into question for fire losses in Arizona and in states that have adopted the New York standard fire insurance policy, say William Webster and Charles Cannizzaro at Robins Kaplan LLP.
Not only have oil and gas operators utterly lost the ability to secure drilling permits to develop shale assets in New York due to a statewide ban, but now the New York Court of Appeals and Second Circuit have compounded this injury by affirming the termination of state oil and gas leases at the expiration of their primary term, says Yvonne Hennessey of Barclay Damon LLP.
With more people choosing to live in cities and urban development booming, grocery retailers have spotted the market opportunity. The very active grocery retail markets of Boston and Washington, D.C., may serve as an example to retailers of how to successfully adapt the traditional suburban supermarket format to city living, say attorneys at Goulston & Storrs PC.
Under Chief Justice John Roberts, the U.S. Supreme Court has tended to be much friendlier to property rights than the Rehnquist court. At best, the Rehnquist court issued some confusing property rights decisions that have plagued the attempts of landowners to successfully litigate their takings claims — at worst, the Rehnquist court completely undermined their rights, says Paul Beard of Alston & Bird LLP.
There is a common saying in the law, "widows and orphans make bad law." Apparently, we can add banks to that too. Bedrock principles of law are all being rechiseled in favor of banks. But, there are still a few issues within res judicata and the statute of limitations which are being upheld and can be applied to successfully defend a foreclosure suit, says Evan Rosen founder of Rosen Law Firm PA.
The Second Circuit's noteworthy embrace of the filed rate doctrine in Rothstein v. Balboa Insurance Co. gives a strong boost to a doctrine that has come under scrutiny in the trial courts for some time, say attorneys at Dentons.
Two recent and unrelated legislative developments, which have largely gone unnoticed in the real estate tax realm, will dramatically raise the stakes for mortgage servicers and originators who file IRS Forms 1098, say attorneys at K&L Gates LLP.
The U.S. Department of Housing and Urban Development recently issued a long-anticipated proposed rule revising the well-intentioned but problematic 2530 disclosure requirements, which should greatly facilitate applications while allowing HUD to focus on substantively assessing the level of risk in participation in HUD programs, says Tatiana Abendschein at Nixon Peabody LLP.
Two Illinois trial court decisions this month make taxable the numerous mortgage assignments made each year where the underlying collateral is Chicago real estate. While the decisions may have limited precedential value and be subject to appeal, the tenor of the city’s litigation position cannot be ignored, say Jeffrey Jahns and Daniel Hagedorn of Seyfarth Shaw LLP.