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Real Estate

  • October 16, 2018

    Royal Park Pushes For Sampling In Deutsche Bank RMBS Suit

    Royal Park Investments SA/NV has taken aim at a New York federal magistrate judge’s recent decision denying its request to allow loan sampling-related discovery in its suit over Deutsche Bank National Trust Co.’s alleged blunders as trustee for 10 residential mortgage-backed securities trusts, arguing that this rejection should itself be rejected.

  • October 16, 2018

    NY High Court Says Deutsche RMBS Claims Still Untimely

    New York state’s highest court on Tuesday upheld a trial judge’s dismissal of a Deutsche Bank trustee’s suit against Quicken Loans Inc. over the credit quality of securitized residential mortgage loans that held an initial balance of $33 million, agreeing with a lower appellate court that the breach of contract action was untimely.

  • October 16, 2018

    Burford Seeks Arbitration In Suit Over $50M Note's Sale

    Litigation funder Burford Capital has asked an Arizona federal court to toss or pause allegations that it undermined a former client when it sold a promissory note for well below its $50 million face value, saying the case belongs in arbitration instead.

  • October 16, 2018

    San Jacinto River Authority Claims Immunity In Takings Row

    Houston-area homeowners who allege that the San Jacinto River Authority’s actions that flooded their property in the wake of Hurricane Harvey were unconstitutional “takings” have not done enough to waive governmental immunity, the agency told a Texas appellate panel in oral arguments Tuesday.

  • October 16, 2018

    Mayer Brown Adds NY Tax Partner For Fund Practice

    Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office.

  • October 16, 2018

    1,200-Room Sheraton Denver Downtown Hotel Trades Hands

    A venture of High Street Real Estate Partners and private equity shop Eagle Four Real Estate Partners has picked up a 1,231-room hotel in downtown Denver from The Chartres Lodging Group LLC, according to an announcement on Tuesday from Holliday Fenoglio Fowler LP, which brokered the deal for the seller.

  • October 16, 2018

    Real Estate Rumors: Madison Realty, Sard Verbinnen, CBS

    Madison Realty Capital has reportedly loaned $36.1 million for a New York residential and retail project, Sard Verbinnen & Co. is said to be taking 65,000 square feet of space in New York, and CBS is reportedly selling its Los Angeles production studio and may get more than $700 million for the property.

  • October 16, 2018

    AT&T Looks To Nix Cable Contamination Suit

    AT&T has asked a Texas federal judge to toss a suit brought by a group of landowners over contamination risk from decades-old abandoned telephone cables, saying there is no evidence the cables have damaged any of the properties in question.

  • October 16, 2018

    NJ Hospital, Jersey City Reach $4.9M Deal Over Property Tax

    A New Jersey hospital has agreed to settle a dispute over its property tax exemption in exchange for paying Jersey City $4.9 million over an eight-year period.

  • October 16, 2018

    Real Estate Lawyers On The Move

    Fox Rothschild, Greenberg Traurig, Herrick Feinstein and Venable are among various law firms that have brought on board new real estate or construction lawyers over the past month.

  • October 16, 2018

    Chancery Asked To Boot Real Estate Co. Manager, Seize Docs

    A company with an ownership stake in a real estate holding company that operates 12 residential housing communities filed a lawsuit Monday in Delaware Chancery Court claiming the manager of the complexes is refusing to comply with his removal and turn over company records.

  • October 16, 2018

    NJ Atty Must Face Malpractice Row Over Construction Dispute

    A New Jersey state appeals court on Tuesday revived a legal malpractice action against a lawyer for allegedly mishandling a construction billing dispute that ultimately left a condominium owner on the hook for roughly $289,000, finding that a trial court improperly tossed the suit on the grounds that he did not have an attorney-client relationship with or owe a duty to the woman.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up. (This article is part of a series examining the gender gap among high court advocates.)

  • October 16, 2018

    Timeshare Condo Group Looks To Exit Marriott Vacations Row

    A Ritz-Carlton Club condo timeshare group has asked a Colorado federal court to let it check out of a mass action claiming Marriott Vacations Worldwide Corp. caused the value of owners’ interests to plummet, asserting that the group didn’t breach its fiduciary duty when inking an affiliation deal with MVW.

  • October 16, 2018

    Nomura Reaches $480M Deal Ending RMBS Probe

    Nomura Holding America Inc. and its affiliates have agreed to pay $480 million to resolve the U.S. Department of Justice’s allegations that the bank misled investors about risks associated with more than $13 billion worth of loans packaged into residential mortgage-backed securities between 2006 and 2007, the DOJ said Tuesday.

  • October 15, 2018

    Diamond Dealer Sued By IRS For $88M, Blames Dad's Attys

    A Brooklyn diamond heir and one-time business partner of Ivanka Trump responded on Monday to a criminal case alleging he participated in a $60 million tax fraud, saying in a self-written response that the charges against him “are built on a mistaken narrative.”

  • October 15, 2018

    Ga. Atty Convicted In $26M Firm Embezzlement

    A Georgia attorney charged with draining $26 million from his firm to support lavish spending on girlfriends, golf trips and a bad gambling habit was convicted Friday on all counts by a federal jury.

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t. (This article is part of a series examining the gender gap among high court advocates.)

  • October 15, 2018

    Sears Authorized To Tap DIP Loan In 1st Day Of Ch. 11

    Sears Holdings Corp. accomplished an early set of goals Monday shortly after announcing it had filed for bankruptcy to reshape its physical footprint and reduce a debt load of more than $11 billion, receiving court permission to access $300 million in new financing from its existing lenders.

  • October 15, 2018

    Feds Back Tribe Against Wis. Village In Apple Festival Row

    The federal government has urged a judge to rule for the Oneida Nation in its suit over a Wisconsin village’s permitting requirements for an apple festival, saying the village lacked authority to regulate the tribe at the festival's site because it still lay within the tribe's reservation, which was established in the 1800s and never subsequently reduced in size.

Expert Analysis

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Market Evidence Will Likely Be Key In Sears Bankruptcy

    J.B. Heaton

    The Sears bankruptcy was filed early Monday, but the company's insolvency has been in plain view in the form of financial market evidence for a very long time. This case presents a prime example of the role such evidence can play for companies, their insiders, and outside advisers and auditors, says J.B. Heaton of the University of Chicago Law School.

  • What Financial Cos. Can Expect If Democrats Win House

    Aaron Cutler

    It is widely expected that Democrats will take control of the House in the midterm elections, and a Democratic House Financial Services Committee will likely launch a broad range of investigations, particularly relating to consumer-facing issues, say attorneys with Hogan Lovells.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Keep In Mind The ABCs Of Commercial Leasing

    Timothy Smith

    With consumers’ increasing preference for online purchases having a ripple effect on leasing markets, it's more important than ever that both landlords and tenants understand the basics of leasing, says Timothy Smith of Nutter McClennon & Fish LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.

  • Knowledge Management: An Unsung Hero Of Legal Innovation

    Rob MacAdam

    As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.