Massachusetts

  • May 2, 2014

    Mass. Regulator Fines Geico Over Accident Reporting

    Geico agreed to pay a $275,000 fine to settle allegations that the insurer inconsistently reported information to Massachusetts state agencies and policyholders on auto insurance accident claims, the Massachusetts insurance commissioner said Thursday.

  • May 2, 2014

    Mass. Panel Eyeing Wynn Land Deal In $1B Casino Plan

    Massachusetts Gaming Commission staff on Friday reiterated that they are continuing to scrutinize Wynn Resorts Ltd.'s land deal for a proposed $1 billion casino as an owner holds out on meeting the requirements of a commission order, but they noted the company is working to tie up loose ends on the deal in the near future.

  • May 1, 2014

    First Wind Gets $369M From KeyBank For Maine Wind Project

    Renewable energy company First Wind has received $369 million in financing and equity investment for a 148-megawatt under-construction wind project in northern Maine, the Boston-based developer announced Thursday.

  • May 1, 2014

    Ex-Atty Barred From IRS For False Claim On Agency Form

    The U.S. Internal Revenue Service said Thursday that it has successfully disbarred a former Massachusetts attorney from continuing to practice before the agency for falsely claiming on power of attorney forms that he was a certified public account after his CPA license was revoked.

  • May 1, 2014

    Goodwin Reps Kimco On $270M Buy Of 24 New England Malls

    Kimco Realty Corp. has purchased a 1.4 million-square-foot portfolio comprising 24 Northeast shopping centers from Boston-based GPB Holdings LLC for $270 million, according to an announcement by Kimco and Holliday Fenoglio Fowler LP, which marketed the portfolio.

  • May 1, 2014

    Ex-Rep Says Forest Labs Pushed Off-Label Use Of Namenda

    Forest Laboratories Inc. has been hit with a False Claims Act suit by a former sales representative claiming the pharmaceutical giant regularly markets Namenda to treat mild Alzheimer’s disease, an off-label indication not approved by the government, according to a complaint unsealed Wednesday in Massachusetts federal court.

  • May 1, 2014

    Vibram To Pay $3.75M In Barefoot Shoe Class Settlement

    Vibram USA Inc. will pay $3.75 million to settle claims alleging it lied about scientific research showing the benefits of barefoot-style running to support sales of its recently trendy glove-like, five-toed running shoes.

  • May 1, 2014

    Boston Closes In On Deals With Mohegan, Wynn

    At the behest of the Massachusetts governor, state gambling authorities on Thursday pushed back a decision on Boston’s request for host community status on Mohegan Sun and Wynn Resorts Ltd.'s proposed $1 billion casino projects as the parties may be close to settling their differences.

  • April 29, 2014

    Deutsche Unit Inks $95M Deal For 2 Boston Buildings

    The real estate investment arm of Deutsche Bank AG's Deutsche Asset & Wealth Management has acquired two properties in the Seaport District of Boston on behalf of a client for $94.9 million, it said Tuesday.

  • April 29, 2014

    Mass. House Offers Amnesty To Delinquent Taxpayers

    The Massachusetts House of Representatives on Monday approved a tax amnesty program that would allow delinquent residents to avoid penalties for failing to pay a whole host of state and local taxes.

  • April 29, 2014

    Raytheon Scores Dismissal Of Kuwaiti Overtime Class Action

    A federal court in Massachusetts on Monday tossed a former U.S. defense contractor’s proposed class action alleging the Raytheon Co. failed to pay overtime for work done in Kuwait, ruling that the law of the Middle Eastern country was not incorporated into his employment contract.

  • April 28, 2014

    Wynn Inks Deals With Mass. Communities For $1B Casino

    Wynn Resorts Ltd. has reached agreements with several Boston-area communities as the Las Vegas gaming giant rallies community support for its planned $1.2 billion resort casino in Everett, Mass., according to Wynn’s filings with Massachusetts gaming authorities made public Monday.

  • April 25, 2014

    Rising Star: Seyfarth’s Barry Miller

    Seyfarth Shaw LLP’s Barry Miller scored a unanimous verdict for Prospect Mortgage LLC in the first trial challenging the classification of mortgage loan officers and other wins that should bring greater certainty to employers with commissioned workers, earning him a spot on Law360's list of top employment attorneys under 40.

  • April 25, 2014

    Mass. Given Extra Year To Comply With ACA Rate Factors

    Federal regulators have given Massachusetts an additional year to amend its health insurance system's rate setting factors to comply with the Affordable Care Act, according to a Thursday statement from Gov. Deval Patrick’s office.

  • April 24, 2014

    US Seeks To Wrest Control Of Bankruptcy From TelexFree

    The government watchdog tasked with overseeing the bankruptcy of accused Ponzi schemer TelexFree LLC asked Tuesday that a trustee be appointed to take over the Chapter 11 proceedings, in light of allegations that the telecommunications company is nothing more than an elaborate pyramid scheme that preys on immigrants.

  • April 23, 2014

    Allen & Overy Guides UK Retailer Primark In US Debut

    U.K. affordable fashion retailer Primark plans to open its first U.S. store in Boston's Downtown Crossing neighborhood, taking 112,000 square feet in a vacant building being developed by Millennium Partners, the parties announced Wednesday.

  • April 22, 2014

    DLA Piper Guides REIT's $229M SF Office Tower Purchase

    Columbia Property Trust Inc. has purchased a 16-story, 387,943-square-foot office tower in downtown San Francisco for $228.8 million from Beacon Capital Partners LLC, the Atlanta-based real estate investment trust announced Tuesday.

  • April 22, 2014

    Bain Sinks $230M Into Construction Software Co.

    Private equity firm Bain Capital LLC will pour $230 million into Viewpoint Construction Software, Viewpoint said on Tuesday, in order to help further the growth of the Portland, Ore.-based software solutions and services provider.  

  • April 21, 2014

    Deals Rumor Mill: AstraZeneca, Barrick Gold, Charter

    Pfizer, the world's largest drugmaker, held informal, now-closed discussions to possibly take over AstraZeneca for as much as $101 billion, while a potential merger between the world's largest gold mining companies, Barrick Gold and Newmont Mining, have halted amid minor disagreements but are not over just yet.

  • April 21, 2014

    Boston Condo Prices Spike 17% In 1Q

    Condominium sales prices in Boston have skyrocketed in recent months, reaching an average price of close to $950,000 as more tenants seeking luxury housing flock to the city, local media reported Monday.