The Consumer Financial Protection Bureau told a California federal judge at the beginning of a bench trial Monday that Nationwide Biweekly Administration Inc. violated consumer protection laws by suggesting it was affiliated with homeowners’ mortgage providers and hiding its fee structure in deceptive mailers and sales calls.
A Hong Kong judge on Friday awarded a Cayman Islands holding company most of its litigation costs related to a disputed RMB 10 million ($1.45 million) arbitral award tossed by the court more than two years ago.
A Pennsylvania appeals court issued a published decision on Friday rejecting arguments that a decades-old deed reserving oil and gas rights for a Pittsburgh-area man’s wife was invalid because she was an effective stranger to the transaction.
A special master appointed to help resolve U.S. Bank NA’s claims that a UBS AG unit breached its duty to repurchase some 9,300 residential mortgages that didn’t measure up to warranties rejected the Swiss bank’s bid to assert victory over several types of disputed loans Friday in New York federal court.
A Quebec judge referred a Montreal landlord’s attempt to evict a Jewish congregation to a New York rabbinical court, as dictated by a 2002 agreement, as the judge ruled a change in ownership and lapse in term did not end the agreement.
Blackstone Group affiliate Equity Office has reportedly reached a deal to lease 23,356 square feet of space in Manhattan to Cyrus Capital Partners, Duke Realty is said to have dropped nearly $80 million on two Miami-area industrial parks and Pistilli Realty has reportedly picked up a Bronx multifamily portfolio for $38.5 million.
The Third Circuit on Monday rejected efforts by incarcerated former NBA player C. Tate George to revive his suit against the East Orange, New Jersey, housing agency over failed development plans, finding George was too late bringing his claims that the agency concealed a lien on the property at issue.
Five companies, including two energy issuers, two biotech firms and a California real estate developer, launched initial public offerings estimated to exceed $1.8 billion on Monday, building on a steady momentum of deals that has jump-started second-quarter IPO activity.
An entity of NorthWest Healthcare Properties Real Estate Investment Trust has made an offer to acquire the 77 percent of Generation Healthcare REIT it doesn't already own in a deal that values the Australian company at close to AU$500 million ($378 million), according to an announcement by the prospective buyer Monday.
Spiro Harrison announced Monday that it will establish an office in Red Bank, New Jersey, bringing the firm, which focuses on general litigation and general counsel services for medium-sized companies, closer to clients in the real estate, health care and financial services sectors in Monmouth County.
A New Jersey appeals court on Monday undercut a win for a nonprofit organization in its suit against Jersey City over the management of a historic theater, saying a lower court was too quick to reject arguments that the group violated its lease with the city.
Paul Hastings LLP represented JPMorgan Chase Bank NA in connection with its $90 million loan to Wildenstein & Co. for a property on Madison Avenue in Manhattan where Bottega Veneta has a flagship store, according to records made public in New York on Friday.
Maryland-based RLJ Lodging Trust will snap up fellow real estate investment trust FelCor Lodging Trust Inc. to create a lodging REIT heavyweight with a $4.2 billion market capitalization, boosting RLJ’s network of hotels and growing its geographical footprint, according to a Monday statement.
Investcorp's U.S. real estate division has invested roughly $160 million in a portfolio of six industrial properties in the metro Boston and Chicago areas, according to an announcement on Monday.
Facing uncertainty about future regulations, real estate lenders are finding creative ways to get deals done now while minimizing risk later, including keeping assets on the books for shorter periods of time, David Hall, co-chair of Dentons' U.S. real estate practice, told Law360 in a recent wide-ranging interview.
Howard Hughes Corp. investors sued late Thursday to block a proposed, $50 million share purchase warrant award to the real estate developer’s CEO, telling a Delaware Chancery Court that stockholders were left “totally in the dark” about the board-approved benefit.
The New Jersey Appellate Division on Friday affirmed that Greater New York Insurance entities must cover a real estate developer’s cost to clean up metal contamination, finding among other things that groundwater remediation didn’t fall within an exemption in the polluter’s policy.
A Korean hotel company must answer allegations of fraud and breach of fiduciary duty from a minority shareholder in a Northern Mariana Islands golf resort owned by the company in commonwealth court, a federal judge ruled Thursday, rejecting the company’s move to compel arbitration.
Avesta Communities, a real estate company that focuses on properties in Texas and Florida, secured $94.7 million in loans for its purchase of a North Miami multifamily property, commercial real estate lender Walker & Dunlop Inc. said in a Friday statement.
Sen. Chuck Grassley is launching his own inquiry into an allegedly fraudulent EB-5 investor center, requesting more information Thursday from the U.S. Department of Homeland Security about a California attorney and her father accused of helping fugitives get visas through the program.
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.
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.
Catch up if you missed last week's special series spotlighting general counsel at four firms and the issues they encounter in an increasingly complex legal environment.
A 1979 study of attorney-client interactions revealed startling information: Despite years of education and training to hone their legal expertise, attorneys were not acting as independent counselors but rather allowing their clients to control them. Our experience is that this trend has accelerated, say dispute resolution experts Robert Creo and Selina Shultz.
Theoretically, both better data and its better use should be able to improve results in litigation, and thus help litigation financiers allocate more capital to meritorious matters. However, while big data and artificial intelligence are intriguing additions to the litigation toolkit, they are far from turning litigation finance on its head, says Christopher Bogart, CEO of Burford Capital LLC.
It's no longer enough for law firms simply to provide expert legal advice — we are expected to mirror clients' legal, ethics and social commitments and promises. For law firm GCs, the resulting job demands seem to grow exponentially, says Peter Engstrom, general counsel of Baker McKenzie.
Increasingly, we see companies in all industries seeking to perform various levels of due diligence on our information security defenses. We received three times as many diligence requests from clients and prospective clients in 2016 as we did in 2015. Some clients even conduct their own penetration tests, says Thomas White, general counsel of WilmerHale.
As in any type of contract, there are certain provisions in engineering, procurement and construction contracts that are often heavily negotiated and which are essential for all parties to understand. Jed Ruccio of McCarter & English LLP discusses limitation of liability considerations such as the amount of the limitation, tying the amount to insurance coverage and exclusions from the limitation.
What happens when attorneys come to their general counsel’s office with knowledge of a potential positional conflict? While the inquiry will depend on the rules governing the particular jurisdiction, there are a few general questions to consider from both business and legal ethics perspectives, say general counsel Nicholas A. Gravante Jr. and deputy general counsel Ilana R. Miller of Boies Schiller Flexner LLP.
Regardless of where we live and practice, regardless of whether trade deals succeed or fail, and regardless of whether the movement of people or capital is easy or difficult, our clients will still have needs or problems far away from home, says John Koski, global chief legal officer at Dentons.