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Real Estate

  • May 29, 2018

    9th Circ. Affirms Experian Win In Data Reporting Row

    The Ninth Circuit on Tuesday affirmed a win for Experian in a proposed class action accusing the company of misreporting short sales as foreclosures with a confusing coding system, finding that Experian plainly and accurately disclosed to borrowers all of the credit data it had recorded.

  • May 29, 2018

    Quicken Loans Stole Home Valuation Tech, Suit Says

    Mortgage-lending giant Quicken Loans Inc. and its affiliates surreptitiously stole real estate appraisal startup HouseCanary’s cutting-edge home valuation technology while the companies were contracted to share services under a strict nondisclosure agreement, according to a lawsuit filed in Texas federal court.

  • May 29, 2018

    Mortgage Co. Slams Class Arbitration Order At 7th Circ.

    Waterstone Mortgage Corp. asked the Seventh Circuit to reverse an arbitrator’s $10.5 million award in an overtime suit filed by Waterstone loan originators, arguing Tuesday that a federal judge improperly ordered the dispute be resolved in class arbitration.

  • May 29, 2018

    Justices Leave FDIC To Tap Seized Bank's $10M D&O Policy

    Lloyd's of London won't get another shot at preventing the Federal Deposit Insurance Corp. from collecting on a $10 million directors and officers policy issued to a failed bank, after the U.S. Supreme Court on Tuesday declined to take up the case.

  • May 29, 2018

    Allen Matkins Reps Kennedy Wilson's $422M Apartment Sales

    Real estate investment company Kennedy Wilson on Tuesday said it would offload its stake in a six-property multifamily portfolio across California, Nevada, Oregon and Washington in a $422 million deal guided by Allen Matkins Leck Gamble Mallory & Natsis LLP.

  • May 29, 2018

    Clark Hill Adds Real Estate Pro To Chicago Office

    Clark Hill PLC has added a former principal of Schenk Annes Tepper Campbell Ltd. as a member of its real estate practice in its Chicago office, the firm said.

  • May 25, 2018

    Law360's Glass Ceiling Report, By The Numbers

    Our latest survey of the largest U.S. law firms again paints a bleak picture for female attorneys. Here’s our breakdown of the data from this year’s Glass Ceiling Report.

  • May 25, 2018

    Law360's Pro Say: Why Are All The Partners Still Men?

    Are you looking around your firm and still seeing a lot of men in leadership? On the latest episode of Law360's Pro Say podcast we discuss our annual Glass Ceiling report, which reveals little progress for women in the law, and we speak with Kerrie Campbell, an attorney who filed a high-profile gender bias suit against her firm.

  • May 25, 2018

    What Does Gender Parity In The Legal Industry Look Like?

    Law360 asked more than 40 women how we’ll know when the legal industry has achieved true gender parity. Here’s what they had to say.

  • May 25, 2018

    The Best Law Firms For Female Attorneys

    While the latest Glass Ceiling Report again shows only incremental growth for female lawyers in private practice, some firms are proving that building a more equitable profession is possible. Here are the law firms leading the way.

  • May 25, 2018

    Texas Justices Say HOA Can't Stop Short-Term House Rentals

    A San Antonio, Texas, homeowner who rented out his house through VRBO.com didn’t violate deed restrictions that limited his property to residential use and required a single-family house on the land, the Texas Supreme Court said Friday.

  • May 25, 2018

    Biotechs Lead Wave Of New IPOs Filling June Pipeline

    A wave of venture-backed biotechnology and health care companies are lining up initial public offerings that could price in June, including at least eight that filed plans during the week of May 21, leading more than a dozen IPO prospects set to reignite deal flow in the coming weeks.

  • May 25, 2018

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

    The last week has seen an Irish real estate developer sue Ireland's "bad bank," a contract dispute between two African banks and a French fishing operator, and several major insurers take Danish shipping giant Maersk to court. Here, Law360 looks at those and other new claims in the U.K.

  • May 25, 2018

    Applebee’s Sues Franchisee In Ch. 11 Over Deal Breaches

    The parent company of Applebee’s Neighborhood Bar and Grill sued a bankrupt franchisee in Delaware on Friday, saying the debtor breached franchise agreements by closing several restaurants without permission and ceased making royalty payments several months before its Chapter 11 filings.

  • May 25, 2018

    Texas Justices OK Separate Tax Appraisal Of Disposal Wells

    The Texas Supreme Court on Friday held that an appraisal district’s valuing of saltwater disposal wells separately from the land on which they are located is a valid appraisal method, rejecting the landowners’ arguments that such valuations double-taxed the wells.

  • May 25, 2018

    Ponzi Scheme Receiver's $9.4M Clawback Suit Wins OK

    A lawsuit seeking to claw back about $9.4 million from a real estate investment trust that obtained funds from a Ponzi schemer can move forward, a Michigan federal judge ruled Friday.

  • May 25, 2018

    Pearson Seeking To Simplify London Real Estate Portfolio

    London-based publisher Pearson PLC is considering simplifying its London property portfolio as part of an ongoing process of becoming more efficient, the company said Friday.

  • May 25, 2018

    DLA Piper Adds Ex-Head Of Cooley Real Estate Practice

    The former head of Cooley LLP's real estate practice, who has represented corporations seeking approval of land use for various projects, has joined DLA Piper as a partner in Northern Virginia, the firm said on Thursday.

  • May 25, 2018

    Jewish Law Scholar Can Testify In Cozen Fraud Row

    A Pennsylvania judge said Thursday he will allow a jury to hear from a scholar of Jewish law about the "cultural norms and business practices" at play in a Philadelphia real estate deal at the center of an investor’s accusations that he was duped by broker Cushman & Wakefield and lawyers at Cozen O'Connor and Blank Rome LLP.

  • May 25, 2018

    Quicken Loans Urges FCC To Narrow 'Autodialer' Definition

    Quicken Loans Inc. has urged the Federal Communications Commission to clarify that a device that dials numbers from a list does not qualify as an “autodialer,” chiming in as the agency seeks input on how it should redefine the term after the D.C. Circuit found it too broad.

Expert Analysis

  • Keys To Corporate Social Responsibility Compliance: Part 2

    Michael Littenberg

    Increasingly, corporate social responsibility must be on the radar screen of in-house counsel. Investors are paying more attention to environmental, social and governance issues, and a growing number of shareholder proposals on these subjects should be expected, say attorneys with Ropes & Gray LLP.

  • Series

    Judging A Book: Hardiman Reviews 'Without Precedent'

    Judge Thomas Hardiman

    In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise​. ​What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.

  • Texas Contractors Can't Rely On Limited Power Of Attorney

    David Winter

    While obtaining an assignment of an insured’s claim, instead of a post-loss assignment of benefits, is certainly appealing for a contractor, the consequences of engaging in such conduct in Texas significantly outweigh any purported benefits, says David Winter of Zelle LLP.

  • Keys To Corporate Social Responsibility Compliance: Part 1

    Michael Littenberg

    2018 may be the year that corporate social responsibility compliance becomes a core duty of in-house legal departments. Not only have legal requirements proliferated in recent years, but new disclosure requirements and more regulation are on the horizon, say attorneys with Ropes & Gray LLP.

  • Top Tax Changes For Law Firms: What Lawyers Need To Know

    Evan Morgan

    For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.

  • Opinion

    Companies Should Avoid The BigLaw Bonus Structure

    Michael Moradzadeh

    Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.

  • Condo Developers Must Understand Building Defect Claims

    Johanna Schneider

    Massachusetts courts have shown a desire to ensure that owners of newly constructed condominiums have the ability to pursue the same construction defect and warranty claims as new single-family home owners. Just as real estate developers should be cognizant of their duties concerning alleged building defects, condominium developers should be as well, say attorneys with Rackemann Sawyer & Brewster.

  • Chief Innovation Officer — The New Star On Legal Teams

    Mark Williamson

    Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says ​​​​​​​Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.

  • Unique Office-Leasing Issues For Tech Companies: Part 2

    Excerpt from Lexis Practice Advisor
    Daniel Suckerman

    When negotiating leases for office space, technology companies should exercise vigilance to ensure that assignment and subleasing provisions are reasonable and that the leases are as flexible as possible, says Daniel Suckerman of Lowenstein Sandler LLP in the final part of this article.

  • Opinion

    National Lawyers Need National Licensing For National Courts

    EJ Hurst II

    Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.