A California federal judge on Friday doled out probation, not prison terms, to a group of real estate investors who rigged bids in Bay Area foreclosure auctions, saying the men were "minor" players in the scheme and did not deserve the prison time he had given some of the conspiracy's ringleaders.
The federal government on Friday urged a Utah federal judge to grant summary judgment in a suit seeking to block a group claiming Native American ancestry from selling hunting and fishing licenses on the Ute Indian Tribe’s reservation, saying the group must yield to the Ute tribe’s authority over such licenses.
Cancer-focused biotechnology firm Autolus Therapeutics PLC and medical technology company Electrocore LLC made strong debuts in public markets on Friday after raising $228 million through initial public offerings, concluding a 10-IPO week dominated by the biotechnology sector.
An executive for Manhattan luxury real estate developer Glenwood Management on Friday described in New York federal court how former state Senate Majority Leader Dean Skelos was relentless in his drive to have Glenwood steer business to his son, repeatedly making requests at meetings where the developer was seeking favorable legislation for big developers.
In this week’s Taxation with Representation, Veritas-backed Verscend Technologies bought Cotiviti Holdings for $4.9 billion, Roche took over Foundation Medicine in a $2.4 billion deal, Baytex bought Raging River Exploration for $2.1 billion, and William Scotsman took over Modspace in a $1.1 billion deal.
The last week has seen a group of shippers bring a commercial fraud claim against the Bank of Scotland, the head of a Syrian laminate group sue United Insurance, and a dispute involving RBS and the failed Caterham Formula One Team. Here, Law360 looks at those and other new claims in the U.K.
Morguard Management has reportedly bought 125 Florida condos for $19 million, real estate investment trust Starwood Property is said to have loaned $213 million for a Los Angeles project that includes hotel and retail components, and Aetna has reportedly leased 85,000 square feet in Florida.
Chinese real estate billionaire Ng Lap Seng is not out for “special treatment,” only time to get his business affairs in order, his lawyers told a Manhattan federal judge Thursday, in asking for two extra months before he surrenders to begin a four-year sentence in federal prison for bribing international diplomats.
It's been one year since the Pennsylvania Supreme Court affirmed that the public's right to clean air and pure water was on equal footing with more fundamental concepts like the right to free speech, and experts say that judges are still grappling with how to apply the idea in high-stakes environmental litigation.
Modular space and portable storage firm Williams Scotsman on Friday said it will take over Pennsylvania-based rival ModSpace Corp. in a deal worth $1.1 billion, with Skadden Arps Slate Meagher & Flom LLP guiding the seller.
An English judge has rejected a bid to issue a worldwide freeze on the assets of a Seychelles-based construction company following a dispute over a luxury resort project that resulted in an arbitral award now worth more than $22 million, opting instead to freeze the company's assets in England and Wales.
Fox Rothschild LLP must face a New Jersey state lawsuit alleging it helped convicted Ponzi schemer Eliyahu Weinstein bilk a U.K.-based rabbi out of $2.4 million in a real estate scam after a state appeals court said Friday that the investor presented sufficient evidence to back up one of his claims.
The Federal Trade Commission urged the Fifth Circuit not to pause an agency administrative trial challenging Louisiana Real Estate Appraisers Board regulations that control appraisal fees, arguing Friday that the appeals court has no jurisdiction over the board’s immunity from federal antitrust laws, absent a “final” order.
A once-powerful lobbyist back-channeled with former State University of New York President Alain Kaloyeros in 2013 to tailor a rigged proposal that let construction firm LPCiminelli win a $500 million Buffalo solar factory job, a cooperating witness told federal jurors hearing fraud charges against Kaloyeros and three other men Thursday.
Assisted living company HCR ManorCare Inc. returned to Delaware bankruptcy court Thursday to receive approval for an updated Chapter 11 plan that will increase recoveries for equity holders if the acquirer of the debtor’s assets closes a merger of its own.
Florida Power has reportedly dropped $10 million on 400 acres of land in the state, Blackstone subsidiary EQ Office is reportedly looking to get $300 million for a New York office tower, and former Sun Microsystems CEO Scott McNealy is reportedly seeking $96.8 million for his Palo Alto, California, mansion.
The senior vice president and general counsel for Manhattan luxury real estate developer Glenwood Management on Thursday told jurors that former New York State Senate Majority Leader Dean Skelos implored the company to steer work to his son Adam, while the New York real estate powerhouse was heavily lobbying the Senate for favorable real estate legislation.
The federal government urged a New York federal judge Thursday to deny a request to travel to Ukraine from a Brooklyn businessman charged with securities fraud over two initial coin offerings allegedly marketed through his companies REcoin and Diamond Reserve Club.
A Massachusetts attorney facing an almost-certain disbarment was sentenced to a year and three months in prison Thursday after admitting to being part of a scheme to defraud banks and mortgage companies by short-selling houses.
A U.S. Court of Federal Claims judge on Thursday axed a hotel company’s action alleging the U.S. Air Force owes it nearly $4 million after enticing it to buy and renovate a property for off-base lodging, only to ultimately deny it a contract, holding that the claims were brought too late.
Tax reform, and specifically Internal Revenue Code Section 199A, has created new planning opportunities for real estate investors and brokers. Although the provision is quite complex, there are huge potential savings available to commercial real estate investors, says Steve Moskowitz of Moskowitz LLP.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
When Consumer Financial Protection Bureau Acting Director Mick Mulvaney recently dismissed the bureau’s case against PHH Corp., it marked the end of an important chapter in the short life of the new agency and provided valuable lessons for its future, says Eric Mogilnicki of Covington & Burling LLP.
While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
In the marijuana industry, there is ambiguity surrounding failing businesses because the product remains illegal under federal law. Brett Theisen of Gibbons PC identifies the credit risks associated with lending to, or working with, a marijuana business and highlights key state law solutions for both debtors and creditors.
The more procedural tools a mediator can offer, the higher the likelihood that a mediation will be successful. Mediators should be prepared to employ pre-mediation initial caucuses in appropriate cases, says JAMS mediator and arbitrator Thomas Elkind.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.