Real Estate

  • April 28, 2017

    Charles Schwab Slips $25M Real Estate Suit Against Son

    A California judge Friday dropped Charles Schwab Corp.’s founder from a $25 million suit alleging he directed his son to force a business partner out of an Indonesian real estate investment venture, after the investor’s attorney called the plaintiff a surfer con-man conducting a “shakedown."

  • April 28, 2017

    Contractor's Insurance Claims Were Precluded, NJ Panel Says

    A New Jersey appeals court on Friday affirmed that a contractor’s lawsuit seeking an insurer’s coverage in construction defect litigation was barred because the claims could have been brought in a previous lawsuit that freed the insurer from its duty to defend.

  • April 28, 2017

    Pipeline Co. Fights Okla. Tribal Landowners' Sanctions Bid

    Enable Midstream Partners LP shot back Thursday against a request from a group of tribal landowners that an Oklahoma federal judge force it to respond to discovery requests and sanction it for refusing to do so in their suit challenging the company’s use of a natural gas pipeline on their property.

  • April 28, 2017

    Idaho Man To Pay Feds $8M For EB-5 Investment Fraud

    The U.S. Securities and Exchange Commission announced on Friday that an Idaho man has agreed to pay the federal government nearly $8 million for allegedly misappropriating money from Chinese investors for personal use instead of investing it in the EB-5 immigrant investor program.

  • April 28, 2017

    BoA Gets Reverse FCA Suit Slashed On 2nd Look

    A Florida federal judge changed her mind Thursday and tossed most of a whistleblower suit claiming Bank of America Corp. dodged up to $10 billion in fines by falsely promising the U.S. government that the bank would change its foreclosure practices.

  • April 28, 2017

    5 Firms Set To Launch May With 6 IPOs Surpassing $1.7B

    Five firms will steer six initial public offerings projected to raise more than $1.7 billion during the first week of May, including two energy issuers, three biotech companies and a private equity-backed real estate finance company, extending the IPO market's second-quarter momentum.

  • April 28, 2017

    BP Keeps Gas Well Lease, Texas Supreme Court Rules

    The Supreme Court of Texas on Friday overturned a lower court and ruled that BP America Production Co. did have the right to a natural gas well lease in the state, deciding that the plain language of the contract allowed it to secure its continuation with a payment.

  • April 28, 2017

    Lexington Dodges $3M Sandy Coverage Due To Late Claim

    A Delaware Superior Court judge on Thursday found a New York property owner waited too long to file suit against Lexington Insurance Co. over coverage of $3.2 million in Superstorm Sandy damages.

  • April 28, 2017

    Ex-CFO 'Has No Remorse' For $300M Ponzi Scheme, Feds Say

    Federal prosecutors in Florida slammed a convicted real estate executive's bid for leniency Wednesday, saying that the onetime chief financial officer behind a $300 million Ponzi scheme "has no remorse" for his crimes, and reiterated their sentence recommendation for 93 years' imprisonment and hundreds of millions of dollars in restitution and fines.

  • April 28, 2017

    Moinian Scores $120M Bank Of China Loan For LA Property

    The Moinian Group has scored a $119.75 million loan from the Bank of China for a Jewelry District property in downtown Los Angeles, according to an announcement from Moinian on Friday.

  • April 28, 2017

    Real Estate Rumors: Thor, Samar Hospitality, Snap

    Thor Equities is reportedly trying to get out of a $42.5 million contract to buy a New York rental building, Samar Hospitality is said to have scored a $24 million loan for a Florida hotel project, and Snap Inc. is reportedly taking an additional 26,000 square feet of space from real estate investment trust Columbia Property in New York.

  • April 28, 2017

    NY Antique Dealers Still Clear Of $3.7M Tax Bill

    The New York Tax Appeals Tribunal won’t upend an administrative law judge’s decision to clear a married pair of antique shop owners and real estate flippers of $3.7 million in taxes and penalties, agreeing that their businesses were for profit, not pleasure.

  • April 28, 2017

    2 UAE Men Seek To Halt Cerner's Collection Of $62M Award

    A United Arab Emirates businessman and his son asked a Massachusetts federal court Thursday to stay proceedings brought by health records giant Cerner Corp. to confirm a $62 million arbitration award over a billing dispute, saying they haven’t been properly served.

  • April 28, 2017

    Taxation With Representation: Skadden, Wachtell, Allen

    In this week’s Taxation With Representation, medical supply company Becton Dickinson buys out competitor C.R. Bard for $24 billion, Allen & Overy and Cravath guide a $4.3 billion acquisition in the pharmaceutical industry, and a merger creates a lodging REIT heavyweight with a $4.2 billion market capitalization in Maryland.

  • April 28, 2017

    Health Hires: 8 Firms Add Health, Life Sciences Experts

    The last few weeks have seen Cooley LLP, DLA Piper, Faegre Baker Daniels Consulting, Fox Rothschild LLP, King & Spalding LLP, Nossaman LLP, Polsinelli PC and Porzio Bromberg & Newman PC expand their expertise in the health and life sciences worlds.

  • April 28, 2017

    Hunton & Williams Steers $375M NY Financing Deal

    Hunton & Williams LLP represented DTH Capital, which is partly owned by a subsidiary of AG Insurance, and Rose Associates in connection with their $375 million mezzanine loan and mortgage for a residential, hotel, restaurant and retail property in New York, according to a Thursday announcement from Hunton & Williams.

  • April 28, 2017

    Neb. High Court Partially Nixes Tax Commish Property Tweaks

    Nebraska’s Supreme Court partially sided Thursday with the state’s most populous county in a ruling that upended the forcible valuation tweak to one of three residential real property areas but left changes to the other two intact and otherwise rejected the local government’s challenges.

  • April 28, 2017

    Calif. Tribe Looks To Nix DOI Quick Win Bid In Casino Row

    The Picayune Rancheria of Chukchansi Indians on Thursday said the federal government’s own bid for a quick win in the tribe’s challenge of a decision to issue procedures to allow a neighboring tribe's casino project admitted the decision was arbitrary, urging a California federal court to reject the government’s bid.

  • April 28, 2017

    Ex-UN Official Cops To New Charges In UN Bribery Case

    Former diplomat Francis Lorenzo pled guilty Thursday to fresh charges stemming from the federal probe of bribery at the United Nations, admitting to receiving bribes and to a violation of the Foreign Corrupt Practices Act a month ahead of a scheduled trial for Chinese real estate billionaire Ng Lap Seng, the lone remaining defendant.

  • April 28, 2017

    Dems Blast House GOP Dodd-Frank Rollback Efforts

    House Democrats spent their Friday taking shots at a Republican bill that would functionally replace the Dodd-Frank Act, going so far as to call the legislation “immoral” and saying that their Republican colleagues had forgotten the lessons of the 2008 financial crisis.

Expert Analysis

  • The Mediator’s Proposal As A Tool For Litigants

    Dennis Klein

    Mediators’ proposals, which call for an unconditional and confidential acceptance or rejection, are resolving high-value disputes on a regular basis. Dennis Klein of Critical Matter Mediation examines why this is happening and the tactical implications for litigants in anticipating that a mediator’s proposal could resolve litigation.

  • Expectations After The Trump Administration's First 100 Days

    Jim Flood

    In its first 100 days, the Trump administration has had mixed results and may be behind where it wants to be. The biggest threat to President Donald Trump’s domestic policy agenda beyond the first 100 days is the difficulty of reconciling the Freedom Caucus Republicans, moderate Republicans and Democrats, say Jim Flood and Cari Stinebower of Crowell & Moring LLP.

  • A Do-Over: Takeaways From Florida Court's Ober Revisit

    Paul Rush

    A Florida state court's recent reversal of its own 2016 decision in Ober v. Town of Lauderdale-By-The-Sea affirms the long-standing interpretation of Florida’s lis pendens statute. However, lenders should be on alert, for this ruling may not be the end of the road for Ober, says Paul Rush of Trenam Law.

  • 10 Ways To Avoid Construction Defect Litigation In Colo.

    Rebecca Dow

    If passed, Colorado's HB 1279 will be helpful to developers of residential projects, requiring community homeowners to approve construction defect litigation. However, even if the bill passes, developers should continue to implement a number of strategies to mitigate the risk of litigation, says Rebecca Dow of Holland & Hart LLP.

  • The 9-Year Winning Streak Of Virginia ‘Rocket Docket’

    Bob Tata

    Out of 94 district courts, the Eastern District of Virginia has been the fastest civil trial docket in the country for nine straight years. Without micromanaging the process, the EDVA's judges, magistrate judges, and clerks and staff continue to perform at a stunningly efficient level, says Bob Tata of Hunton & Williams LLP.

  • Ability-To-Repay Enforcement Comes To Auto Finance

    John Redding

    In recent years, regulators and enforcement agencies have eagerly exercised their authority to prosecute what they perceive as unfair or deceptive acts and practices. Recent events suggest that they may be gearing up to hit the accelerator by using UDAP theories to extend ability-to-repay principles to auto finance, say attorneys with Buckley Sandler LLP.

  • Opinion

    Let's Talk About Half-Hearted Innovation

    Michael Moradzadeh

    Allowing attorneys to telecommute may seem like a great fix for law firms. But without significant changes to the firm's culture, telecommuting is just a patch applied to the problem of attrition, says Michael Moradzadeh, founding partner of Rimon PC.

  • Protecting Communications From PR Privilege Issues

    Donna Fisher

    Two recent opinions out of Pennsylvania and California state courts offer important lessons for avoiding claims of privilege waiver when using public relations consultants during litigation, say attorneys with Pepper Hamilton LLP.

  • Another Way To Challenge Standing In Data Breach Cases

    David Cohen

    A common tactic in defending federal consumer data breach litigation is challenging the plaintiff’s standing on a motion to dismiss. Most such challenges are “facial,” but a California federal court's decision in Foster v. Essex Property demonstrates an additional avenue — a so-called “factual” challenge to standing, which is based on evidence, say David Cohen and Ani-Rae Lovell of Ropes & Gray LLP.

  • Roundup

    Counsel To Counsel: Insights From Law Firm GCs

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    General counsel at four law firms share the biggest issues they face in an increasingly complex legal environment.