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Real Estate

  • February 15, 2019

    Milbank Beats Trustee Objection To Rep Gymboree In Ch. 11

    Milbank Tweed Hadley & McCloy LLP can serve as counsel for children's clothing retailer Gymboree Group Inc. as it looks to liquidate most of its business in Chapter 11, a Virginia bankruptcy judge ruled Friday, finding the firm is not conflicted simply because it represents Gymboree creditors in other matters.

  • February 15, 2019

    3 Questions On EPA's New Water Contamination Action

    As the U.S. Environmental Protection Agency studies the possibility of regulating the levels of per- and polyfluoroalkyl substances in water, states, industry and the public are jostling for influence and preparing for potential new liability concerns in M&A and real estate transactions, as well as court fights over site cleanups.

  • February 15, 2019

    Development Barred At BASF Superfund Site: NJ Tax Court

    Development on a 1,200-acre tract owned by chemical company BASF Corp. was not possible because of its Superfund designation and state and federal controls during assessment periods in question, the New Jersey Tax Court has ruled.

  • February 15, 2019

    Jurisdiction Key In 2nd Circ.'s Reviving Of US Bank-BofA Row

    The Second Circuit on Friday revived U.S. Bank's New York federal court suit seeking to make Bank of America buy back a $9 million mortgage loan from a commercial mortgage-backed securities trust, ruling that the case shouldn't be sent back to where it began in Indiana but should be decided under Hoosier state law.

  • February 15, 2019

    Goldman Launches 2nd Appeal Of Class Cert. In 2nd Circ.

    A New York federal judge incorrectly recertified a class of investors who accused Goldman Sachs Group Inc. of lying about its ethical compliance efforts before it lost $1 billion in securities known as collateralized debt obligations, the Wall Street giant argued in its appeal to the Second Circuit on Friday.

  • February 15, 2019

    Pokemon Co. Promises No 'Go' In Deal To End Trespass Row

    Niantic Inc., the company behind Pokemon Go, has promised to take steps aimed at dissuading players of the popular augmented reality game from trespassing on private property and causing other nuisances, as part of a proposed settlement outlined in documents filed Thursday in California federal court.

  • February 15, 2019

    Exec Used EB-5 Cash For BMW, Loans, Wash. Court Holds

    The head of a development company was “‘consciously’ reckless” when he diverted money raised from investors through the EB-5 visa program so he could make payments on his BMW and issue loans to relatives, misappropriating at least $6.5 million, a Washington federal judge held on Friday.

  • February 15, 2019

    Landowners Seek $900K Fees For Telecom Cable-Line Deal

    A class of landowners poised to recover up to $2 million from Sprint, CenturyLink and other telecoms that allegedly installed cable lines on their properties without permission has requested $900,000 for their attorneys, arguing the award comes out to less than a quarter of the pot after other costs are included.

  • February 15, 2019

    MoFo, Rosenberg & Estis Steer $120M NYC Loan

    Morrison & Foerster LLP represented Capital One NA in connection with its $120 million loan to a Rosenberg & Estis PC-counseled Durst Organization entity for a commercial condo unit on Avenue of the Americas in Manhattan, according to records made public in New York on Friday.

  • February 15, 2019

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen the European arm of a Japanese investment bank sue a Saudi billionaire, the former prime minister of Qatar face action involving a pricey mansion and a Swiss bank file claims against executives of a defunct business group being investigated by the U.K.'s fraud watchdog. Here, Law360 looks at those and other new claims in the U.K.

  • February 15, 2019

    NJ Can't Seize Casino Neighbor's Property For Stalled Project

    The New Jersey Appellate Division ruled Friday that the state’s tourism development agency can’t seize property for casino-funded projects unlikely to come to fruition, handing a precedential win to landowners at the heart of a planned shopping center halted by Atlantic City’s economic downturn.

  • February 15, 2019

    Ballard Spahr Adds 2 'Silicon Slopes' Attys In Salt Lake City

    Two business lawyers with longtime ties to Utah’s “Silicon Slopes” network of technology startups and emerging companies have joined Ballard Spahr LLP’s business and finance practice in the law firm’s Salt Lake City office, the firm has announced.

  • February 15, 2019

    Real Estate Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP last year handled transactions such as GGP Inc.'s $14.8 billion buyout by Brookfield Property Partners and the San Francisco Giants' $1.6 billion redevelopment of the land around its stadium, earning it a spot as one of Law360's Real Estate Groups of the Year.

  • February 15, 2019

    Goulston Leader Eyes Real Estate Expansion, More Diversity

    Goulston & Storrs PC is looking to grab more middle-market real estate work and beef up its New York practice while boosting diversity among its lawyer ranks, the firm's new co-managing director Bill Dillon told Law360 in a recent interview.

  • February 15, 2019

    Real Estate Rumors: UDR, Tribune Media, Knotel

    Real estate investment trust UDR has reportedly picked up a Brooklyn multifamily building for $132.5 million, Tribune Media is reportedly putting 30 acres in Chicago up for sale, and Knotel is said to have leased 12,388 square feet in Santa Monica, California.

  • February 15, 2019

    Allen & Overy, Gleiss Steer €4.9B PE Takeover Of Scout24

    Private equity firms Hellman & Friedman LLC and The Blackstone Group LP on Friday inked a roughly €4.9 billion ($5.5 billion) agreement to buy Scout24 Ag, which runs online marketplaces serving the real estate and automotive sectors in Germany and other European countries, in a deal guided by Allen & Overy LLP and Gleiss Lutz.

  • February 15, 2019

    Industrial Logistics Properties Drops $905M On 2 Portfolios

    Industrial Logistics Properties Trust has acquired 26 properties through two separate transactions for a combined $905.3 million, the Massachusetts-based real estate investment trust announced on Friday.

  • February 14, 2019

    3 Takeaways From Amazon's About-Face On New York City HQ2

    Amazon’s sudden cancellation of its planned $2.5 billion second headquarters in New York City highlights that economic development incentives are often still a tough sell to local residents. Here, Law360 provides three takeaways from Amazon's decision.

  • February 14, 2019

    FHFA Nominee Backs 30-Year Mortgage, Broader Reform

    President Donald Trump's nominee to lead the Federal Housing Finance Agency told senators Thursday that he hasn't seen what the administration is planning as far as reforming the government-sponsored enterprises Fannie Mae and Freddie Mac, but wouldn't himself seek to cut government support for the 30-year mortgage if confirmed.

  • February 14, 2019

    BIA Wrongly Issued Tribal Land Trust Ruling, Calif. Court Says

    The Bureau of Indian Affairs' approval of a tribe's bid to have about 1,400 acres of Santa Barbara County land taken into trust for it must be vacated, a California federal judge has ruled, because the agency official who approved the decision lacked the authority to do so.

Expert Analysis

  • How Calif. Cannabis Rules Will Impact Investors And Lenders

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    Those seeking to invest, lend or rent to commercial cannabis businesses in California must understand the state's new disclosure requirements, which are different for individuals considered "owners" and those considered "financial interest holders," say attorneys at Geraci LLP.

  • Fresh Takes On Seeking Costs And Fees Under Rule 45

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    Recent case law reveals that courts vary widely in their approaches to shifting the costs and fees incurred in responding to a Federal Rule of Civil Procedure 45 subpoena. Nonparties responding to such requests should consider certain district court trends, say attorneys at Pepper Hamilton LLP.

  • Series

    Judging A Book: Smith Camp Reviews 'Echo Of Its Time'

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    "Echo of Its Time" is the story of Nebraska’s federal district court from statehood in 1867 to the demise of Prohibition in 1933. Professors John Wunder and Mark Scherer have written an objective, unsentimental and insightful history, layered with context and rich in character study, says U.S. District Judge Laurie Smith Camp of the District of Nebraska.

  • Guest Feature

    'The Mooch' Talks Mayhem, Con Law, Lessons From Harvard

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    Anthony Scaramucci is probably best known for the 11 days he spent as White House director of communications in 2017. But when White and Williams LLP attorney Randy Maniloff sat down to chat with "the Mooch," he was interested in hearing a different story.

  • Why NY's Sutton 58 Decision Won't Rattle Real Estate Finance

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    Though some have claimed the New York Appellate Division, First Department's ruling in Sutton 58 v. Pilevsky will have earth-shattering consequences, the deceptively narrow decision does not undermine the contract-based foundation upon which recourse carveout guarantees are built, say attorneys at Fried Frank Harris Shriver & Jacobson LLP.

  • Why Proper Document Redaction May Be An Ethical Duty

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    Paul Manafort's attorneys recently filed a court document containing incompletely redacted information, highlighting the need for attorneys to become competent at redaction — or at least at verifying that redaction has been performed correctly. Failure to do either could be construed as legal malpractice, says Byeongsook Seo of Snell & Wilmer LLP.

  • Series

    Why I Became A Lawyer: A Refugee's Journey Of Firsts

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    Even as a child in war-torn Iran, I began to develop a sense of justice and a desire for equality and the rule of law. These instincts ultimately guided me to become a federal prosecutor, and now a partner in private practice, says Raymond Aghaian of Kilpatrick Townsend & Stockton LLP.

  • Texans Look To State Supreme Court For Franchise Tax Clarity

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    No Texas franchise tax provisions have created more confusion and taxpayer grief than the cost of goods sold subtraction and the revenue exclusion passed in 2008, says Jimmy Martens of Martens Todd Leonard & Ahlrich. These provisions are at the heart of four cases presently pending before the Texas Supreme Court.

  • Keeping PR Strategy Communications Privileged: Part 2

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    Determining whether and to what extent your legal team should invite a PR agent into privileged communications requires weighing many factors — including the unsettled and evolving case law on whether such involvement destroys privilege protection and creates discoverable, usable evidence, says Jeffrey Schomig of WilmerHale.

  • Keeping PR Strategy Communications Privileged: Part 1

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    Companies faced with high-profile litigation often turn to public relations firms to help defend their reputations and maintain shareholder confidence. But recent cases are a reminder that internal PR firm documents face uncertain privilege protection, even when those documents are generated in support of a broader legal strategy, says Jeffrey Schomig of WilmerHale.