A group of upstate New York residents has sued Iberdrola USA Inc. and several other companies behind a $200 million wind project in state court, claiming the noise, vibrations and location of the 37 turbines have caused significant heath problems and plummeting housing prices.
Wells Fargo Bank NA, PNC Bank NA and others objected Monday to bankrupt Residential Capital LLC's proposal to sell its mortgage servicing and origination business to Ocwen Financial Corp. for $3 billion and its loan portfolio to Berkshire Hathaway Inc. for $1.5 billion.
A New York state court recently granted a motion to dismiss one of several suits by a Brooklyn real estate owner against his former partner, Banco Popular North America and others over a failed $22.6 million real estate project, ruling that the plaintiff failed to state a valid claim.
An Alabama judge on Monday tossed a class action accusing Nationstar Mortgage LLC of violating the Truth in Lending Act by failing to inform a woman that her mortgage had been sold, saying it is exempt from the notification requirements.
A California state agency has rejected a settlement proposed by the San Francisco 49ers and the city of Santa Clara to split $30 million of state funds earmarked for a new $1.2 billion stadium, a city representative told Law360 Tuesday.
The city of Lincoln, Ala., on Monday escaped a $1.8 million suit brought by the owners of a 239-acre farm who claimed the city's "clearing and grubbing" of an adjacent property caused stormwater to contaminate their property in violation of the Clean Water Act.
A Florida construction company is suing three insurers over their refusal to settle a lawsuit concerning defective stucco installation that resulted in a $7.7 million negligence verdict against the company, according to a suit removed to Florida federal court Monday.
The National Association of Manufacturers on Monday urged the U.S. Supreme Court to overturn a ruling keeping an insurance class action in state court, claiming that the original jurisdiction limitations set by the Class Action Fairness Act do not apply to federal court removal.
Regulators on a National Association of Insurance Commissioners task force on Friday reportedly approved requiring insurers to reserve more capital to cover risks tied to mortgage-backed securities.
A week after unveiling a plan to escape bankruptcy by selling its Chicago property in pieces for a total of $195 million, Old Prairie Block Owner LLC met stiff resistance Thursday from lenders claiming it is misusing the process to dodge foreclosure.
The U.S. Supreme Court formally asked the U.S. solicitor general on Monday to weigh in on a pending appeal questioning whether disparate impact claims can be made under the Fair Housing Act of 1968 and what an appropriate test would be for weighing such claims.
A group of plaintiffs who are suing Residential Capital LLC over mortgage-backed securities asked the judge overseeing the company's bankruptcy to make sure books and records are preserved during the $1.5 billion sale of ResCap's loan portfolio and $3 billion sale of its mortgage servicing and origination business.
A federal bankruptcy judge on Monday refused to approve American West Development Inc.'s proposed reorganization plan, citing the U.S. trustee's objections to releases that cover the Las Vegas homebuilder's affiliates.
Goldman Sachs & Co. on Friday pressed the U.S. Supreme Court to rule that a plaintiff cannot file claims on behalf of a class if it lacks standing to bring those claims individually, aiming to dismiss a mortgage-backed securities case with potentially broad implications for financial firms.
Bank of America NA on Monday urged a judge to dismiss a putative class action claiming it forced a New York homeowner to buy more hazard insurance than her mortgage agreement or federal law required, saying her agreement allowed the bank to buy the insurance on her behalf.
Developer Triple Five Ltd. received key environmental backing from the U.S. Army Corps of Engineers for its controversial $3.8 billion proposed retail and entertainment complex in New Jersey, known as American Dream Meadowlands, a person close to the matter said Friday.
Vornado Realty Trust will unload three suburban Virginia office buildings and a Philadelphia building for a total of $186 million, the real estate investment trust said Monday, marking the latest in its string of hefty deals over the past week.
Massachusetts' highest court sided with Fannie Mae on Friday, saying that the mortgage giant's use of a state foreclosure form to give notice to evict homeowners was in line with the law and does not need to include more specific information on the foreclosure.
A New York lawmaker introduced legislation Friday that would add computer-age crimes to a list of eligible offenses under a state law already used by prosecutors to hand long prison stints to organized mortgage, credit and insurance fraudsters.
The Texas Supreme Court on Friday refused to hear the city of Houston's case against Hotels.com LP and other online travel companies, which accused the companies of wrongfully skirting local occupancy taxes through their contracts with hotels.