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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.