The U.S. Department of Justice on Thursday told a Washington federal judge that a $25 billion settlement with Wells Fargo Bank NA and others doesn’t bar the government from bringing a separate action accusing the bank of defrauding a federal mortgage insurance program.
A Blackstone Group LP affiliate will purchase hotel-based real estate investment trust Apple REIT Six Inc. in a $1.2 billion deal that will expand its portfolio of hotel holdings, Apple REIT announced Friday.
A class of Stuyvesant Town and Peter Cooper Village tenants won preliminarily approval Thursday of a $69 million payment in a settlement that brings the tenants' overall recovery in their suit over rent overcharge claims at New York's largest housing complex up to nearly $147 million.
A Houston-based public housing agency that owes millions to the federal government reportedly voted Wednesday to recoup about $774,000 that it claims was improperly paid to Haynes and Boone LLP for research the Texas firm contributed to a hurricane preparedness report.
A Texas appeals court on Thursday denied a bid by a group of landowners to overturn a lower court’s ruling that TransCanada Corp. could initiate legal proceedings to seize private property to accommodate a segment of its 1,700-mile Keystone XL Pipeline.
Venable LLP has bolstered its strength in the areas of product liability and commercial litigation by luring away an accomplished partner from DLA Piper with experience in real estate issues to join the firm's Baltimore office, Venable announced Monday.
New York's highest court on Thursday backed a legal standard that makes it difficult for plaintiffs to hold individuals liable for alleged corporate abuses, nixing a personal injury plaintiff's bid to recover damages from two property owners in a ruling experts say should protect businesses statewide.
Late-in-the-game issues over sealing documents forced a New York state judge Thursday to delay summary judgment arguments in monoline insurer MBIA Inc.'s multibillion-dollar case over allegedly shoddy mortgage-backed securities from Bank of America Corp.'s Countrywide Financial Corp. subsidiaries.
A California appeals court on Thursday affirmed a lower court decision allowing Wal-Mart Stores Inc. to move forward with development of a distribution center in the city of Merced, ruling that the project's environmental impact report was properly reviewed and approved by the city.
Credit Suisse Group AG on Thursday closed the largest single-property real estate deal in Swiss history, unloading its flagship offices in Zurich to a Norwegian government investment fund for 1 billion Swiss francs ($1.08 billion).
Members of Congress on Thursday pushed federal banking regulators to ease proposed rules under the Basel III agreement requiring banks of all sizes to increase the quality and quantity of capital that they hold, saying that the rules could drive many community banks out of business.
American Modern Home Insurance Co. has agreed to reduce its premiums for force-placed homeowners insurance by more than 20 percent after an investigation showed rates were artificially high, the California Department of Insurance said Thursday.
A California federal judge on Thursday denied a bid by JPMorgan Chase Bank NA to dismiss a class action against the bank by homeowners who accuse it of predatory lending practices, citing a recent release by the Office of the Comptroller of the Currency.
An Illinois federal judge on Tuesday trimmed the bulk of a suit lobbed at law firm Levenfeld Pearlstein LLC by an investment fund over the firm's alleged failure to correctly distribute more than $1 million the fund had put into escrow with Levenfeld for a hotel investment.
A Texas federal judge on Tuesday granted the Federal Deposit Insurance Corp.'s request to remand to state court a $67 million residential mortgage-backed securities suit against Morgan Stanley, rejecting the financial services giant's bid to move the case to New York.
Simon Property Group Inc. and real estate investment trust Tanger Factory Outlet Centers Inc. have formed a joint venture to develop two 350,000-square-foot shopping centers in North Carolina and Ohio, the companies announced Wednesday.
The secured lender to a bankrupt AstraZeneca PLC affiliate that owns a contaminated chemical manufacturing site near San Francisco asked a Delaware bankruptcy judge Wednesday to dismiss the unit's Chapter 11 case, claiming it had sought court protection in bad faith.
The U.S. Securities and Exchange Commission has dropped an investigation into Wells Fargo & Co.’s disclosures in its offering documents for mortgage-backed securities, the bank said Wednesday in a securities filing.
The former CEO of Canadian engineering firm SNC-Lavalin Group Inc., Pierre Duhaime, was arrested on fraud and forgery charges after stepping down in March on the day the company announced an internal investigation on $56 million in dubious payments by the company, according to a Quebec anti-corruption unit Wednesday.
A California appeals court on Tuesday handed Wal-Mart Stores Inc. a major victory in its long-running effort to expand in Antioch, Calif., ruling the city properly applied its development plan when it approved a superstore expansion without reviewing environmental issues.