The developer of a controversial $72 million Los Angeles apartment project was charged Friday with illegally using straw donors to funnel nearly $200,000 to eight local politicians while seeking a change to the zoning of his property in the Harbor Gateway neighborhood, according to California state court filings.
The Texas Supreme Court sided with Alexander Dubose Jefferson & Townsend LLP on Friday and reversed lower court rulings that the law firm had missed the deadline to pursue a portion of sanctions and fees awarded in a lengthy underlying suit over a real estate transaction.
The last week has seen hundreds of new claimants bring competition suits against Visa and MasterCard, Italian bank Dexia lodge a claim against a Sicilian city still staring down a pre-crisis-era derivatives contract, and the liquidator for an FCA-targeted carbon credit investment scheme file a negligence claim against Nabas International Lawyers LLP.
The bankruptcy trustee of doomed Ponzi vehicle DBSI Inc. has moved for a quick win in its claw back suit against the IRS in Idaho federal court, arguing the federal tax authority is still on the hook for $3.6 million the company used to pay its principals’ income taxes.
In four years, the new tax law is scheduled to tighten restrictions on businesses claiming deductions for interest paid on borrowed funds, but highly leveraged companies already are evaluating how this imminent change will affect their cash flows and financing options.
When Fane Lozman — houseboat owner, activist and thorn in the side of Riviera Beach, Florida’s city government — makes his second trip to the U.S. Supreme Court on Tuesday, he’ll argue that the city arrested him because of his vocal opposition to a marina development plan, in a case that will have the justices tackle whether probable cause for an arrest eclipses any claims of retaliatory arrest.
Financial services company StepStone is said to be taking 30,000 square feet in New York, Maxim Capital has reportedly loaned $50 million for certain unsold luxury condo units in Florida and Brock Development is said to have landed a $20 million construction loan for a Florida hotel project.
Trump International Hotels Management LLC and an affiliate hit back Thursday at a Panamanian law firm’s request to remand its suit accusing the Trump entities of improperly responding to arbitration over a “mismanaged” hotel by pulling the firm into the fight, telling a Delaware federal court that the matter doesn’t belong in state court.
U.K.-based real estate investment trust Target Healthcare REIT Ltd. on Friday said a recent stock offering raked in £94 million ($131.3 million) to be used to finance a number of current investments, as well as pending and potential projects.
The mother of Aaron Hernandez’s daughter is suing the estates of the three men the former NFL star was accused of murdering to ensure the 5-year-old receives up to $500,000 from the sale of the deceased Pro Bowler’s Massachusetts home.
The Pennsylvania Treasury has announced an official inquiry into Wells Fargo, Santander Bank and PNC Financial Services over alleged racial and ethnic disparities in home mortgage lending that have been identified in a recent report from the Center for Investigative Reporting.
Mortgage servicer Ocwen Financial Corp. sued U.S. Specialty Insurance Co. in Florida federal court Thursday, saying the insurer is denying coverage for a 2017 shareholder suit by wrongly tying it to older claims against the company.
Latham & Watkins LLP has guided Hyatt Hotels Corp. in the $1 billion sale of three hotels to real estate investment trust Host Hotels & Resorts Inc., the law firm said on Friday.
Questions abounded as to how developers would react after New York City last year finalized plans to rezone dozens of blocks in Midtown East, but several recently announced projects have lawyers saying the area could see a surge of development activity — although challenges remain.
The Manhattan federal judge overseeing Joe Percoco's criminal corruption trial strongly hinted Thursday that she is considering dismissing extortion counts against the former “right-hand man” to New York Gov. Andrew Cuomo accused along with three businessmen in two bribery schemes.
Aspen REIT Inc., a real estate investment trust that was formed to own a Colorado mountainside resort and sought to become the first single-asset REIT to list on major stock exchange, late on Wednesday postponed an offering to raise about $34 million through a Regulation A+ “mini-IPO."
Eight insurers have told the Sixth Circuit that not only did they rightfully refuse to pay $75 million toward a $212 million settlement First Horizon National Corp. reached with regulators, but that the appeals court should revive their bad faith and breach of settlement claims against the bank.
A New Jersey man has slammed Newark with a lawsuit in state court alleging the city unlawfully denied his public records request for documents related to its bid to land Amazon's second U.S. headquarters, citing "a compelling public interest" in learning such information.
The New York State Department of Taxation and Finance and other state agencies told the Second Circuit on Wednesday to reject a couple's suit alleging the agencies violated their constitutional right to live in separate states by requiring the couple to pay New York taxes on $5 million in capital gains from selling property in Florida.
Michael Dell is reportedly the mystery $100.47 million buyer of a Manhattan penthouse, developer 601W is said to have picked up a site in Chicago for $34 million, and a JDS Development venture has reportedly scored $91 million in financing for a New York condo project.
Texas is home to relatively complex statutory frameworks for liens and bonds used to secure payment for services rendered. Statutory and constitutional liens provide powerful remedies for nonpayment, but only if the proper guidelines are strictly observed, says David Tolin of Cokinos Young in the final part of this article.
The Internal Revenue Code has historically limited the ability of corporations to deduct certain interest paid to related parties, but the recent tax reform modified this limitation and expanded its application. In this video, Taylor Kiessig and Brian Tschosik of Eversheds Sutherland LLP discuss differences between the historic and new versions of this limitation on interest expense.
Texas is home to relatively complex statutory frameworks for liens and bonds used to secure payment for services rendered. Statutory and constitutional liens provide powerful remedies for nonpayment, but only if the proper guidelines are strictly observed, says David Tolin of Cokinos Young in the second part of this article.
In June 2018, the San Francisco electorate will vote on the two competing tax measures, Housing for All and Universal Childcare for San Francisco Families. The measures differ in purpose, tax rate and exemptions, but either one would mean a huge increase in taxes for commercial landlords, say attorneys at Pillsbury Winthrop Shaw Pittman LLP.
Texas is home to relatively complex statutory frameworks for liens and bonds used to secure payment for services rendered. Statutory and constitutional liens provide powerful remedies for nonpayment, but only if the proper guidelines are strictly observed, says David Tolin of Cokinos Young.
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle LLP.
Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.
U.S. real estate has become a very attractive investment for overseas investors. For those financial services companies that lend to foreign borrowers, some simple steps added to their underwriting policies can ensure they are not violating the Bank Secrecy Act, says Kevin Kim of Geraci Law Firm.
Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.
In "Justice and Empathy: Toward a Constitutional Ideal," the late Yale Law School professor Robert Burt makes a compelling case for the undeniable role of the courts in protecting the vulnerable and oppressed. But the question of how the judiciary might conform to Burt’s expectations raises practical problems, says U.S. Circuit Judge Allyson Duncan of the Fourth Circuit.