Guidance released Friday by the U.S. Department of the Treasury on the deferral of taxable gains under the opportunity zone program leaves potential avenues for abuse by investors, who may be able to take advantage of uncertainty over the treatment of vacant lots, as one example.
Former executives at zinc producer American Zinc Recycling LLC urged a Delaware federal court Thursday to reject a magistrate judge's recommendation to keep alive investors’ suit over alleged misrepresentations that inflated stock prices, saying the judge ignored the substance of their dismissal bid.
President Donald Trump on Friday directed two federal agencies to look for ways to make it easier for developers to complete water infrastructure projects in California, Washington and Oregon, including streamlining procedures that are in place to protect the environment and endangered species.
A Bay Area political consultant pled guilty to conspiracy to defraud the United States as part of a bid-rigging scheme connected to a U.S. Department of Energy construction contract and making false statements to investigators, the U.S. Attorney's Office has said.
A former attorney for manufacturer Illinois Tool Works Inc. urged an Illinois federal judge not to trim a lawsuit accusing his ex-employer of retaliating against him and firing him after he fell ill, saying his complaint adequately backs up claims of Americans with Disabilities Act and Employee Retirement Income Security Act violations.
The European Union’s competition watchdog on Friday gave its seal of approval for the use of €306 million ($352.3 million) in Greek public funds to construct a portion of a motorway in the country’s central region, saying the funding falls in line with applicable state aid regulations.
A Thai pipe producer slammed the U.S. Department of Commerce for tagging its carbon steel pipe shipments with a double-digit duty, contending in a Thursday lawsuit at the U.S. Court of International Trade that the agency exceeded its authority and miscalculated the tariff.
Focused on hands-on, real-world work, the construction industry has lagged behind others on the use of artificial intelligence, but given the time- and cost-saving benefits of embracing AI, construction lawyers and their clients should be constantly thinking of ways to make it work for them.
Belmont Savings Bank has reportedly loaned $11.5 million for a Florida self-storage project, the New York City Office of Labor Relations is said to be leasing 53,718 square feet in Manhattan's Financial District, and a Coastline Management venture has reportedly paid $33.2 million for a Florida apartment complex.
A number of World Trade Organization cases spurred by the Trump administration’s national security-based duties on steel and aluminum will move toward a more contentious stage at an Oct. 29 meeting of the WTO’s dispute wing, according to a meeting agenda circulated Friday morning.
The Internal Revenue Service on Friday proposed highly anticipated rules clarifying what kinds of taxable gains can be deferred from investments in the opportunity zone program created by last year's federal tax overhaul.
The unsecured creditors of bankrupt Georgia-Pacific affiliate Bestwall LLC on Wednesday again urged a North Carolina bankruptcy court to dismiss the company's Chapter 11 case, accusing the parent company of unjustly devising a way to dump off and reduce its legacy asbestos liabilities.
Newly unveiled emails show that President Donald Trump had direct influence over the U.S. General Services Administration's decision to abandon a plan to relocate FBI headquarters, senior House Democrats said Thursday, a decision they said was intended to protect his interest in the nearby Trump International Hotel.
Hurricane Irma didn’t cause more than $1 million in damage to part of a Florida hotel, a subsidiary of insurance company MS Amlin said Wednesday, arguing that most of the issues existed long before the September 2017 storm or were the result of shoddy construction work.
The Illinois Supreme Court sided Thursday with electric utility Ameren Corp. in its fight to take land from 35 property owners for a new power line, reversing a lower court’s ruling that a state eminent domain statute was unconstitutional.
A telecom tower maintenance and construction company sued Texas law firm Hindman Bynum PC in Dallas County District Court on Thursday, saying the firm cost its shareholders more than $1 million by exposing them to personal liability through the sale of company assets to a computer sales and repair services outfit.
Europe's antitrust enforcer said Thursday that it has received a second proposal from Wieland-Werke AG aimed at easing competitive concerns raised over its planned deal to acquire a fellow German rolled copper manufacturer.
New York’s high court on Thursday sided with the state’s Department of Labor in a suit over apprentice wages on public-work projects, ruling that the agency properly reasoned that apprentices not performing the tasks of their trade must be paid higher wages.
A Wisconsin federal judge on Thursday threw out a challenge by two environmental groups to a Wisconsin highway project, finding no reversible fault with the state and federal government’s review.
A Pennsylvania appeals court has to take another crack at interpreting the record in a construction defect case, the state’s high court ruled Wednesday in a decision that found a laconic lower court ruling didn’t warrant forcing a homeowner and builder back into a new trial.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
The U.S. Environmental Protection Agency's Office of Inspector General recently released its strategic plan for 2019 to 2023. Brian Stansbury and Leah Min of King & Spalding LLP provide insights on several noteworthy aspects, such as how the OIG will hold the EPA accountable for meeting 2019 targets and rely on data and business analytics to meet its goals.
New York City has been changing its 421-a tax exemption program, altering and clarifying prevailing wage requirements and imposing construction wage requirements for large new buildings. Daniel Bernstein of Rosenberg & Estis PC recaps the last two years of developments.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.
Two recent decisions demonstrate the difficulty of keeping commercial disputes involving Indian tribes in federal court — and the risks to parties assuming they can adjudicate disputes against tribal businesses in the same way they litigate disputes with nontribal entities, say attorneys at Faegre Baker Daniels LLP.
In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.
In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.
In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.
The Operation Car Wash investigation that began in 2008 brought down numerous Brazilian politicians and Petrobras officials and led to one of the largest Foreign Corrupt Practices Act settlements last month. The resolution highlights the myriad ways in which Petrobras failed to implement a robust anti-corruption compliance program, say attorneys with Jenner & Block LLP.