A Pennsylvania appeals court issued a published ruling on Tuesday finding that Rex Energy Corp. could not rely on arguments over contract conditions to defeat class certification in a pair of disputes over bonus payments landowners claim they’re owed after agreeing to lease their properties for gas drilling.
Chieftain Royalty Co. urged an Oklahoma federal court Tuesday to deny BP America Production Co.'s motion to dismiss its proposed class action for allegedly underpaying royalties for all natural gas production from wells in the state, saying a similar class action that was denied certification 15 years ago doesn't preclude the suit.
A JPMorgan Chase & Co. unit on Wednesday agreed in principle to settle claims that it charged black and Hispanic borrowers higher mortgage rates between 2006 and 2009, federal prosecutors said.
The nation's high court on Wednesday reversed a Ninth Circuit ruling that found Fannie Mae can remove state suits to federal court, striking a blow to Fannie, which has argued that its charter allows it to bring suits to federal courts.
A California judge on Tuesday tentatively tossed a nonprofit’s suit claiming the city of West Covina unlawfully paid $10 million to Squire Patton Boggs LLP without the mayor’s signature for litigation over a car dealership land deal, saying the court can’t interfere with the city’s decision not to sue the firm.
The University of Notre Dame urged the First Circuit on Tuesday to uphold a Massachusetts federal judge's confirmation of an arbitral finding that a builder and developer were at fault for problems at a London dormitory, saying the judge rightly recognized the finding as final.
A slew of developers and contractors that worked on a Chicago condominium building urged the Seventh Circuit on Monday to uphold a lower court's ruling that Westfield Insurance Co. must defend them in construction defect litigation, asserting that the underlying suit alleges multiple forms of covered property damage.
Gibson Dunn & Crutcher LLP’s real estate work last year included counseling clients through financings and other deals connected to transformative development projects on both sides of the country, helping earn a spot among Law360’s Real Estate Groups of the Year.
The U.S. Department of Justice finalized a $7.2 billion deal with Deutsche Bank AG on Tuesday, releasing new details about how Germany’s largest bank misled investors in selling subprime mortgage-backed securities that led to the 2007 financial crisis.
Bankrupt sporting goods retailer Golfsmith International Holdings Inc. received court approval Tuesday on its request to sell its corporate headquarters in Austin, Texas, for $22.5 million, pending some alterations to the order.
The Philadelphia City Planning Commission on Tuesday signed off on two rezoning bills crucial to the first stage of Brandywine Realty Trust and Drexel University’s proposed Schuylkill Yards project, a 14-acre project estimated to cost $3.5 billion.
Upcoming rules that will require companies to have all of their leases on the books are causing companies to scramble and figure out how best to gather and analyze massive amounts of data that traditionally have been relegated to footnotes, Deloitte managing director Sean Torr told Law360 in a recent interview.
A man accused of tricking relatives of former United Nations head Ban Ki-moon into paying him $500,000, money that was supposed to serve as a bribe to pave the way for an $800 million building complex in Vietnam, denied fraud and money laundering charges in Manhattan federal court Tuesday.
Abraham Leser has reportedly scored $120 million in CMBS financing for a Brooklyn building, Bed Bath & Beyond is said to have leased 76,000 square feet in New York, and HA Langer has reportedly dropped $11 million on 100 Chicago condos.
A new Internal Revenue Service regulation to impose a corporate-level tax on certain property transfers to real estate investment trusts and regulated investment companies will go into effect Wednesday.
Olshan Frome Wolosky LLP represented a joint venture of TriStar Capital's David Edelstein and RFR Holding in its purchase of an Amazon.com Inc. mixed-use building in Seattle from Jameson Babbitt Stites & Lombard PLLC-counseled Schnitzer West LLC for roughly $270 million, according to an announcement from Olshan Frome on Tuesday.
Three companies behind a botched Palm Beach real estate project urged a Florida federal court on Friday to toss a suit brought by foreign nationals who allege they were fraudulently duped into investing $50 million into the project in the hopes of gaining U.S. residency, saying the investors were aware of the project’s risks when they signed up.
Senate Democrats will not negotiate to replace the Consumer Financial Protection Bureau's single-director leadership with a commission structure similar to that of other financial regulatory bodies, the party’s leader in that chamber said Tuesday.
Moody’s Corp. said Friday it has agreed to pay $864 million in a settlement with the U.S. Department of Justice and 21 states over the ratings agency’s work on residential mortgage backed securities and other products whose crashes led to the financial crisis.
A Panama City, Florida, title agent on Friday pled guilty to charges that she participated in a scheme to rip off banks by setting up fraudulent third-party purchases of more than $6 million worth of properties in northwest Florida.
Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.
Two recent opinions in Lassman v. Cameron Construction and Spradlin v. Beads And Steeds Inns concerning the law of substantive consolidation serve as an important reminder of the significant equitable power that bankruptcy courts wield. That power affects the fate not only of debtors and their creditors but the rights and obligations of related parties and their creditors as well, says John Loughnane of Nutter McClennen & Fish LLP.
After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.
Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.
In this episode of Fashion Counsel, Arent Fox LLP partner Anthony Lupo and retail consultant Steve Birkhold (former CEO of Lacoste, Diesel, BEBE and Earl Jeans) discuss factory outlets — the nation’s fastest developing retail sector. Increasingly, outlets are “destination centers,” offering entertainment and amenities, not just retail stores. But they may raise special legal issues for participants.
Construction, repairs and renovations in New York City often require access to neighbors' property. Co-op and condo building boards should take the time to fully understand the different types of access that developers might request, say Laurie Stanziale and Steven Troup of Tarter Krinsky & Drogin LLP.
As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.
Blockchain is essentially a computerized public ledger that can apply to almost anything that a person might save into a database or spreadsheet. This versatile technology may enhance the legal industry by providing an improved record keeping system, setting up "smart contracts" and tracking intellectual property and land records, say R. Douglas Vaughn and Anna Outzen of Deutsch Kerrigan LLP.
Last month, an administrative law judge struck down the Florida Department of Environmental Protection's proposed "Public Notice of Pollution," which would have required that pollution be reported to government officials and property owners in affected areas. Industry opposition to the rule suggests that future notice requirements will continue to be hotly debated, says Daniel Thompson of Berger Singerman LLP.
The U.S. Treasury Department recently issued several new final, temporary and proposed regulations under code sections 704, 707 and 752 which significantly affect the taxation of many partnership transactions. Prospective transactions, including joint ventures taxed as partnerships, should be carefully structured to navigate the hazards of these regulations, say Jeffrey Goldman, Steven Grob and Robert Nelson of Dykema Gossett PLLC.