Sealing The Deal
A Garrison Investment Group LP venture recently bought most of the Gateway Center in Newark, New Jersey, for $325 million, and Milbank Tweed Hadley & McCloy LLP helped the private equity shop navigate a series of condo association, loan default and timing issues in sealing 2018's largest New Jersey office deal.
Stockholm-based real estate developer Klövern said Friday that it has agreed to buy an eight-story building with 201,285 square feet of leasable office space for SEK 633 million ($70.1 million).
Lennar has reportedly paid $17 million for a Miami development site, Baptist Health South Florida is said to have bought a former Toys R Us store for $15.8 million, and Bridge Development Partners has reportedly dropped $68 million on a Los Angeles warehouse complex.
The Internal Revenue Service rejected pleas from the Major League Baseball commissioner and others to allow sports franchise owners to qualify for a new 20 percent tax deduction for pass-through businesses, under final regulations released Friday.
A New York appeals court has eased the standard for policyholders to maintain claims for “consequential damages” allegedly caused by a recalcitrant insurer’s conduct, reviving on Thursday a Manhattan apartment building owner’s bid to recover such damages from an AIG unit.
Team-based specialization in mass tort litigation defense allows each member to draw on individual strengths, maximizing their contribution. A core tenet of this approach is using settlement counsel to focus on strategic initiatives and end-game resolution efforts, separate from the heated battle lines of the litigation, say attorneys at Faegre Baker Daniels LLP.
The plea deal announced Thursday between Skadden Arps Meagher & Flom LLP and the U.S. Department of Justice is the latest sign of increased enforcement of the current Foreign Agent Registration Act, even as efforts to update the law have gone nowhere.
Skadden’s unregistered lobbying work for the Ukrainian government has cost the law firm $4.6 million in a settlement with the U.S. Department of Justice, but could the debacle cost the firm even more in reputational damage?
The American Bar Association’s governing body is poised to vote later this month on a proposal to create stricter standards for law school bar passage rates, a move some say could have a negative impact on the diversity of the legal profession.
The Federal Circuit said in an order published on Friday that it would remain open during the partial government shutdown, with all deadlines remaining in place and all oral arguments proceeding as scheduled, as the federal courts brace themselves to run out of available funds within the coming days.
Two new reports found that in-house lawyers are increasingly looking for nontraditional perks such as flexible work arrangements and paid meals in addition to hefty bonuses, and that law firm leaders in the new year are overall fairly confident about their own shops' prospects but have more gloomy predictions about the domestic and global economies. These are some of the stories in corporate legal news you may have missed in the past week.
This week the Pro Say podcast is live from the New York State Bar Association's annual meeting, talking with the chief judge of the Southern District of New York about how women are faring in the legal profession.
The Alabama federal judge overseeing sweeping antitrust litigation against the Blue Cross Blue Shield network has said he can no longer wait for the insurance giant’s army of lawyers to marshal themselves into a more manageable group, ordering a dozen attorneys into a "Council of Twelve" to streamline a leadership plan.
The TimesUp Legal Defense Fund, born of a social media hashtag, has grown to $24 million and is so far funding sexual harassment litigation, defamation defense, and public relations on behalf of dozens of women. But most of its work is taking place behind the scenes.