Texas Land Sale Case Could Reshape Real Estate Deal-Making

By Jeremy Heallen (January 30, 2014, 10:04 PM EST) -- The Texas Supreme Court on Tuesday is set to hear a hotel company's bid to overturn a $57.3 million verdict for interfering with a land sale, in a case experts say could make it easier to prove actual malice and force lawyers to rethink how they approach real estate deals.

In deciding whether or not to uphold the award — which includes $7.5 million in punitive damages — against a subsidiary of Host Hotels & Resorts Inc., the high court will have to consider where to draw the line between fair and unfair tactics in the context of rough-and-tumble real estate...

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