Asset Management

  • March 12, 2018

    CBRE Locks Up $152M In Financing For Va. Office Building

    CBRE Group Inc. said Monday that it has secured $152 million in financing for real estate investment and management firm Harbor Group International's acquisition of a 13-story office building in Herndon, Virginia, that totals 403,622 square feet.

  • March 12, 2018

    SunTrust Workers Settle ERISA Row For $4.57M Post-Amgen

    SunTrust Banks Inc. workers asked a Georgia federal judge on Friday to preliminarily approve a $4.75 million Employee Retirement Income Security Act settlement of class claims that the company improperly handled their retirement funds, acknowledging the litigation risks after the U.S. Supreme Court’s Amgen decision.

  • March 12, 2018

    Ex-Auburn Coach Calls Bribery Charges Unconstitutional

    A former Auburn University basketball coach named in the sprawling NCAA corruption case urged a New York federal judge Friday to dismiss the bribery and fraud charges against him, saying prosecutors’ interpretation of anti-corruption laws violates his due process rights and “would criminalize nearly every NCAA rules violation.”

  • March 12, 2018

    Medical Device Co. Says Atty's Consultant Scam Cost It $1.8M

    A medical device developer and manufacturer has brought a suit removed to Texas federal court on Friday alleging a California attorney misrepresented her ability to connect the company with potential clients in Asia and continuously tried to get more money from the company, ultimately costing it $1.76 million.

  • March 9, 2018

    Why The ‘Blue Slip’ Battles Are Becoming White Hot

    It’s more of a norm than a rule. Its use has shifted over time, often with political winds. But the once-obscure Senate tradition is now front and center in the boiling debate over the future of the judiciary.

  • March 9, 2018

    Senior Judges Fill The Void Left By Rampant Vacancies

    More federal judges are skipping the golf course to head back to the courtroom upon taking senior status, and they're playing an increasingly vital role in a strained system.

  • March 9, 2018

    How Far Right Can The President Pull The Courts?

    Although President Donald Trump set a record with the number of circuit judges he named during his first year, experts say that's not the whole story. Here’s our data-driven look at what the White House faces in its quest to reshape the appeals courts.

  • March 9, 2018

    Rouse Shareholders Lose Challenge To $2.8B Brookfield Deal

    The Delaware Chancery Court on Friday tossed a stockholder suit challenging the fairness of Rouse Properties Inc.’s $2.8 billion sale last year to Brookfield Asset Management Inc., finding the plaintiffs failed to show that Brookfield, which already owned 33.5 percent of Rouse’s stock, controlled the deal.

  • March 9, 2018

    City Office REIT Sells Expansive Idaho Property for $86.5M

    City Office REIT Inc. has sold Washington Group Plaza, a 557,510-square-foot office property in Boise, Idaho, for $86.5 million as part of a reverse like-kind exchange, the Vancouver, Canada-based company said Friday.

  • March 9, 2018

    SEC Says 'Mini-Berkshire Hathaway' Pump-And-Dump Halted

    The U.S. Securities and Exchange Commission said Friday it shut down a classic pump-and-dump scheme by the president of a penny stock company who touted the business as a "mini-Berkshire Hathaway" and allegedly tried to lure in investors by lying about himself and the company.

  • March 9, 2018

    Dollar General Slips Investor Suit Over Gov’t Benefit Cuts

    Dollar General can exit a securities class action claiming it neglected to share the impact of cutbacks to the federal government’s food stamps program on its finances, a Tennessee federal judge said Thursday, finding investors failed to prove the retail giant and its executives intentionally misled them during earnings calls.

  • March 9, 2018

    OECD Issues New Model Disclosure Rules For Tax Advisers

    The Organization for Economic Cooperation and Development on Friday finalized recommended rules that would require lawyers, accountants and other tax advisers to disclose if they are marketing structures designed to avoid new global reporting requirements that seek to curb tax avoidance.  

  • March 9, 2018

    BNP, Trustee Argue Due Diligence In Madoff Clawback Suit

    BNP Paribas SA and the bankruptcy trustee for Bernie Madoff’s investment company argued Friday before a New York bankruptcy judge over whether the French bank was a negligent steward or merely an innocent dupe as they contested an attempt to make BNP and its affiliates pay $156 million for accepting money from Madoff’s Ponzi scheme.

  • March 9, 2018

    Ex-Sugar Felsenthal Bankruptcy Pro Joins Horwood Marcus

    Horwood Marcus & Berk Chartered has hired the former chairman of the executive committee of Sugar Felsenthal Grais & Helsinger LLP as its new bankruptcy chair in its Chicago office, whose experience includes representing the committee of equity holders in AgFeed’s Chapter 11 proceedings.

  • March 9, 2018

    Wilmington Trust Execs' Fraud Trial Set To Begin In Del.

    Federal prosecutors were poised for a second time Friday to take four Wilmington Trust Corp. executives to trial in Delaware on securities fraud and related charges for allegedly hiding more than $1 billion in past due loans, in a case that will likely hinge on disputed loan status reporting mandates.

  • March 9, 2018

    UBS Missed The Boat On Arbitration In Whistleblower Suit

    A bid by UBS Financial Services Inc. to force a former executive’s whistleblower claims into arbitration is too little, too late, a New Jersey federal judge said Thursday, finding the arbitration agreements were valid but UBS waited an inordinate amount of time to try and enforce them.

  • March 9, 2018

    Secure Income REIT Reaches $604M Deal For 2 Portfolios

    Secure Income REIT PLC has reached a deal to buy a pair of portfolios, both of which have hotels, for £436 million ($603.9 million) and is also selling £315.5 million of shares in order to partially finance the purchases, according to an announcement from the U.K. real estate investment trust on Friday.

  • March 9, 2018

    Merlin Partners Seeks Rice Energy Stock Appraisal In Del.

    Hedge fund Merlin Partners LP asked Delaware’s Chancery Court Thursday to determine how much its stake in Rice Energy Inc. is worth, now that a contentious $6.7 billion merger between Rice and fellow natural gas producer EQT Corp. has wrapped up.

  • March 9, 2018

    Taxation With Representation: Wachtell, Skadden, Baker

    In this week’s Taxation with Representation, Cigna bought Express Scripts for $67 billion, GTCR LLC and Sycamore Partners took CommerceHub private in a $1.1 billion deal and AXA Group acquired XL Group Ltd. for $15.3 billion.

  • March 9, 2018

    Investment Adviser Convicted In $1.1M Pa. Fraud Trial

    A Nevada investment adviser was convicted by a Pennsylvania federal jury of defrauding investors of $1.1 million Thursday, following a 2017 conviction in New York federal court in a $131 million investment scheme.

Expert Analysis

  • How A Recent Tax Case Offers Guidance To Family Offices

    Mark Leeds

    In a recent case, Lender Management LLC v. Commissioner, the U.S. Tax Court ruled against the Internal Revenue Service after it asserted that the costs of running a family office were not deductible for federal income tax purposes. The decision provides a road map for other family offices on how to structure their operations, says Mark Leeds of Mayer Brown LLP.

  • The Impact Of Kokesh So Far, And What's Next: Part 1

    Dixie Johnson

    The U.S. Supreme Court's decision last year in Kokesh had immediate effects on the U.S. Securities and Exchange Commission’s ability to seek disgorgement in enforcement actions. On the other hand, defendants have had little success when seeking to amend previously awarded disgorgement amounts, say attorneys with King & Spalding LLP.

  • Series

    Judging A Book: Duncan Reviews 'Justice And Empathy'

    Judge Allyson Duncan

    In "Justice and Empathy: Toward a Constitutional Ideal," the late Yale Law School professor Robert Burt makes a compelling case for the undeniable role of the courts in protecting the vulnerable and oppressed​. But the question of how the judiciary might conform to Burt’s expectations raises practical problems​, says U.S. Circuit Judge Allyson Duncan of the Fourth Circuit. ​

  • SEC, CFTC Whistleblowers Dodge A Devastating Tax Bullet

    Gary Aguirre

    Before the brief government shutdown last week, whistleblowers destined to receive bounties from the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission faced devastating tax liability. But the act that reopened the government vaporized the bullet about to strike this narrow class of whistleblowers, says Gary Aguirre, a former SEC staff attorney.

  • The Art Of The Litigation Funding Deal

    Julia Gewolb

    As litigation funding becomes more widespread, greater complexity and variability in funding deals are to be expected. All claimants should consider certain key questions on the economics of single-case funding when considering or comparing funding terms, says Julia Gewolb of Bentham IMF.

  • Pitfalls Of Voluntary Remediation By Investment Firms

    Robin Bergen

    With the U.S. Securities and Exchange Commission recently signaling that the asset management industry is a key priority, firms must consider voluntary remediation as part of any strategy for managing regulatory exposure. But remedial measures should be carefully tailored to avoid new problems, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Smart Contracts Need Smart Corporate Lawyers

    Matthew O’Toole

    Given the operational and security risks involved, and the substantial digital asset values transacted, the rise of distributed ledger technology and smart contracts will create new opportunities and responsibilities for transactional lawyers, say attorneys with Potter Anderson Corroon LLP.

  • How To Fix Your Broken Client Teams

    Mike O'Horo

    Law firms claim they create client teams to improve service. Clients aren’t fooled, describing these initiatives as “thinly veiled sales campaigns.” Until firms and client teams begin to apply a number of principles consistently, they will continue to fail and further erode clients’ trust, says legal industry coach Mike O’Horo.

  • 10 Highlights From FINRA’s 2018 Priorities Letter

    Emily Gordy

    The Financial Industry Regulatory Authority's annual regulatory and examination priorities letter is a road map to areas on which FINRA will focus in the coming year. Firms must use this information to assess strengths, identify gaps and shore up weaknesses, says Emily Gordy, a partner at McGuireWoods LLP and a former senior vice president at FINRA.

  • How To Serve Your Blind Client Effectively

    Julia Satti Cosentino

    While a client’s visual impairment can create challenges for an attorney, it also can open up an opportunity for both attorney and client to learn from each other. By taking steps to better assist clients who are blind or visually impaired, attorneys can become more perceptive and effective advisers overall, say Julia Satti Cosentino and Nicholas Stabile of Nutter McClennen & Fish LLP.