Ladder Capital has reportedly loaned $84 million for a Brooklyn hotel, Knotel is said to be leasing 25,000 square feet in Manhattan, and a 1.65-acre development site in Miami could fetch as much as $20 million in a sale.
Merck’s consumer health business could be valued at around €4 billion in a sale, multiple private equity suitors have interest in buying Florida-based medical services group Mednax, and Volkswagen is in talks to buy a stake in a Russian maker of light commercial vehicles.
A Florida cardiologist has agreed to pay $1.95 million as part of a settlement with the federal government to resolve False Claims Act charges that accused him of seeking reimbursement from Medicare for medically unnecessary ultrasound tests, the U.S. Department of Justice announced Friday.
A Florida federal judge on Friday ordered ride-hailing giant Lyft Inc. and employment social network Jobcase to resolve in mediation a proposed class action over allegedly unsolicited spam texts, just three weeks after the suit was filed.
Orphan drug biotech company CTD Holdings Inc. on Thursday accused the National Institutes of Health in Florida federal court of not producing a single document to fill a year-old Freedom of Information Act request about ties the agency has with CTD’s competitor, Vtesse Inc.
The Sixth Circuit on Thursday upheld the conviction of three employees of a Florida pill mill, ruling that it was fair to charge the trio in Kentucky federal court because a large percentage of the clinic’s business was aimed at Kentucky customers who brought the pills back to the state.
Members of the U.S. House of Representatives on Friday began a process to potentially repeal the Consumer Financial Protection Bureau’s restrictions on payday lenders, but unlike past efforts to eliminate Obama-era regulations, the payday lending legislation comes with bipartisan support.
The Senate’s $1.4 trillion tax cut bill appeared to be nearing final passage in the chamber Friday after agreements were reached to increase the tax benefit for pass-through businesses and permit a deduction for state and local property taxes.
AT&T subsidiary Cricket Wireless was hit with a proposed class action lawsuit in Florida federal court on Wednesday for allegedly discriminating against the visually impaired by not maintaining a website that is compliant with the Americans with Disabilities Act.
A business that helps consumers leave time-share arrangements and its counsel ducked a resort company's claims against them when a Florida federal judge ruled Thursday that the complaint constituted a “shotgun" pleading and dismissed it.
The U.S. Department of Justice on Wednesday defended the FBI’s “extensive search” for documents related to potential Saudi involvement in the 9/11 attacks sought by a Florida news organization, urging the Eleventh Circuit not to revive the lawsuit and to upend a mandate requiring identification of agents and sources.
A Florida appellate court Thursday revived 67 health care institutions' petitions challenging drastic cuts the state's Agency for Health Care Administration made to 2016-17 reimbursement rates for outpatient Medicaid care, finding the agency incorrectly deemed the challenges premature and moot.
The National Rifle Association on Wednesday urged its members to request that Florida Supreme Court Justice Barbara Pariente recuse herself from a case in which liberal advocacy groups are challenging Gov. Rick Scott’s authority to appoint the next three justices on the day he leaves office.
A former sous chef at a Kona Grill restaurant in Florida filed a second, narrower bid Wednesday to gain conditional class certification in a Fair Labor Standards Act suit claiming the Arizona-based chain “willfully misclassified” employees as overtime-exempt to avoid paying them fair wages.
Florida's federal judicial nominating commission on Wednesday sent the state's U.S. senators the names of 10 candidates — including seven state court judges and an acting U.S. attorney — for the five vacancies on the bench of the Southern District of Florida.
A Florida federal judge on Wednesday dismissed Sunscreen Mist Holdings LLC's suit accusing a rival of infringing its patent for an automatic sunscreen application vending machine and of falsely claiming it was the first of its kind, because it failed to serve the defendant in time.
Canadian investment firm Skyline Investments Inc. has purchased 13 Courtyard by Marriott hotels located in Florida, Illinois and seven other states from Clarion Partners LLC for $135 million, according to an announcement on Thursday from Holliday Fenoglio Fowler LP and a prior announcement from Skyline.
A Florida appeals court affirmed Wednesday a summary judgment releasing an attorney from a legal malpractice suit, saying the lower court properly found that the lawyer had successfully tolled the statute of limitations on his former client's injury claims and should not face negligence allegations.
A Florida appeals court on Wednesday reversed a $16.5 million award for the Richman Group of Florida Inc. against Pinellas County, ruling that the trial court wrongly concluded the county did not have a rational basis to deny Richman's proposed amendment to the county's land use plan that would have allowed the company to build a residential development.
Private equity shop Excel Group said Tuesday it has sold a portfolio of four Florida hotels totaling 469 rooms to an unnamed buyer for $58.5 million in the firm’s second major transaction this year. Legal counsel Morris Manning & Martin LLP said it guided the sale, which was a joint venture between Excel and investment management company Westport Capital Partners LLC.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
In U.S. v. Dish Network, currently on appeal to the Tenth Circuit, the district court awarded statutory damages of $280 million in favor of the U.S. and the four plaintiff states. Buried among the thousands of pages of interlocutory orders issued by the district court is a warning that should be heeded by all parties that are the subjects of governmental investigations, say attorneys with Troutman Sanders LLP.
When a witness says one thing in a deposition, but later offers an affidavit directly contradicting the prior testimony, with no credible explanation, the U.S. Supreme Court has held that the affidavit should be disregarded. James Beck of Reed Smith LLP offers a survey of significant medical product liability cases in which both plaintiffs' experts and plaintiffs themselves have contradicted their own prior statements.
In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.
Following recent oral arguments on a certified question from the Eleventh Circuit in Altman v. Crum, the Florida Supreme Court is set to decide when defense under commercial general liability insurance begins. The decision will be significant because of the state's outsize role in construction defect litigation, says Elliotte Quinn IV of Parker Poe Adams & Bernstein LLP.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
There are lessons to be learned in how this year's hurricane readiness and response plans stood up to Hurricanes Harvey, Irma and Maria. Many in the hospitality industry are working to incorporate these lessons and revise their readiness plans before the next storm hits, says Karl Heisler of Katten Muchin Rosenman LLP.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.
New legislation aimed at closing the pay gap between men and women may undo business practices that, even if benevolently motivated, result in disparate pay. Despite this laudable objective, these laws create a litany of challenges for employers and may necessitate a wholesale revision of policies and practices related to employee compensation, says Charles Thompson of Polsinelli.