Real Estate Law360 provides breaking news and analysis on high-impact real estate deals and the attorneys involved. Coverage includes transactions involving developers, investors, lenders, contractors, and brokers, as well as related litigation, enforcement, and policy developments.
A California federal judge on Friday doled out probation, not prison terms, to a group of real estate investors who rigged bids in Bay Area foreclosure auctions, saying the men were "minor" players in the scheme and did not deserve the prison time he had given some of the conspiracy's ringleaders.
The federal government on Friday urged a Utah federal judge to grant summary judgment in a suit seeking to block a group claiming Native American ancestry from selling hunting and fishing licenses on the Ute Indian Tribe’s reservation, saying the group must yield to the Ute tribe’s authority over such licenses.
Cancer-focused biotechnology firm Autolus Therapeutics PLC and medical technology company Electrocore LLC made strong debuts in public markets on Friday after raising $228 million through initial public offerings, concluding a 10-IPO week dominated by the biotechnology sector.
An executive for Manhattan luxury real estate developer Glenwood Management on Friday described in New York federal court how former state Senate Majority Leader Dean Skelos was relentless in his drive to have Glenwood steer business to his son, repeatedly making requests at meetings where the developer was seeking favorable legislation for big developers.
In this week’s Taxation with Representation, Veritas-backed Verscend Technologies bought Cotiviti Holdings for $4.9 billion, Roche took over Foundation Medicine in a $2.4 billion deal, Baytex bought Raging River Exploration for $2.1 billion, and William Scotsman took over Modspace in a $1.1 billion deal.