Private equity continued to do large real estate deals in 2017, particularly foreign firms buying portfolios, and the 10 largest transactions of the year — each of which was north of $2 billion — got done with the help of a dozen law firms.
Klövern AB has purchased an office property in central Copenhagen, Denmark, for 1.44 billion Danish krone ($239.9 million), according to an announcement from the Stockholm-based developer on Friday.
Ashford Hospitality Prime Inc. has reached an agreement to buy a Ritz-Carlton hotel in Sarasota, Florida, for $171 million, the Dallas-based real estate investment trust announced Friday.
Royal Bank of Canada has reportedly loaned $236.6 million for a New York office property purchase, Gramercy Property Trust is said to have sold a Florida corporate center for $43.16 million and Virgo Business Centers is reportedly subleasing more than 42,000 square feet in Manhattan.
A New York bankruptcy judge Friday said he would hold a hearing to address a Breitburn Energy Partners LP bondholder’s claim of conflicts of interest between a prospective stalking horse bidder, a Breitburn lienholder and Breitburn bankruptcy counsel Weil Gotshal & Manges LLP.
The city of Santa Monica asked a California federal judge to toss a suit by home-sharing websites Airbnb and HomeAway challenging an ordinance that requires landlords renting rooms through their sites to first get a license, arguing the legislation is essential to helping the city counter a mounting housing crisis.
Holland & Knight LLP urged a California appellate panel on Friday to undo a jury's $34.5 million award to a real estate investor who sued the firm over fraud and malpractice, arguing that the firm had no knowledge of alleged wrongdoing surrounding the investor's transactions and that the jury improperly awarded duplicated damages.
A Maryland appeals court issued a warning Thursday about conduct complaints being filed midlitigation by an opposing counsel but nonetheless imposed a 30-day suspension on a lawyer whose disciplinary proceeding began during a business dispute.
The city of Pittsburgh urged the Pennsylvania Supreme Court on Thursday to revive a pair of ordinances requiring employers to provide paid sick leave to their workers and mandating security training and procedures in certain commercial buildings and public spaces.
A Colorado judge let Travelers off the hook Friday from having to defend a college from a landlord’s claim that it failed to repair roof damage, saying the dispute was a breach of contract claim not covered by the policy.
A Nevada homeowners association was hit with a $20 million jury verdict Friday in a suit brought by a teenager who sustained a traumatic brain injury after the top bar of a swing set broke and hit him in the head.
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle LLP.
Texas is home to relatively complex statutory frameworks for liens and bonds used to secure payment for services rendered. Statutory and constitutional liens provide powerful remedies for nonpayment, but only if the proper guidelines are strictly observed, says David Tolin of Cokinos Young.
Despite valuing lateral hiring as an integral element of their strategies, many law firms are failing to properly screen potential hires and, as a result, are often disappointed when promises made during the interview don't pan out. Here, Law360 looks at five ways firms can avoid lateral hiring remorse.
It may seem like a nightmare scenario for a trial attorney: giving a closing argument and feeling the majority of the jury is going against you. But trial attorneys say that as long as you know there's one juror committed to your case who's been armed with your arguments, a verdict in your favor is no dream.
Two New York state appeals judges scoffed at a fired Allen & Overy LLP attorney seeking to lift sanctions and revive her sexual harassment suit against the firm at a hearing Friday, hammering the attorney for cutting short a court-ordered psychiatric examination by threatening to have the doctor arrested.
A settlement between the U.S. Securities and Exchange Commission and former Dewey & LeBoeuf LLP chief financial officer Joel Sanders, who was convicted of fraud, rests on the outcome of Sanders' criminal appeal, a Manhattan federal judge heard Friday.
The U.S. Supreme Court will enter the underworld of burglars, spouse abusers and drug dealers in its first week back on the bench after a long winter recess, hearing a busy criminal docket presenting constitutional questions around double jeopardy and self-incrimination that are critical to the white collar bar.
The general counsel for the parent company of Midas received a two-year stayed suspension for practicing out of state, U.S. Supreme Court Justice Ruth Bader Ginsburg expressed optimism that the burgeoning #MeToo movement will have a sustained impact, and PNC Bank’s general counsel shared with Law360 why he moved in-house after spending much of his career at law firms. These are some of the stories in corporate legal news you may have missed in the past week.
On the latest episode of Law360's Pro Say podcast, we discuss how law firms are full of people with the title “partner,” but after years of change the title ain’t always what it used to be; a big ruling on the destruction of New York City graffiti space “5Pointz”; a new lawsuit claiming bar prep giant Barbri colluded with top law schools to crush competitors; and Taylor Swift’s efforts to shake off a lawsuit over song lyrics.
For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.