Real Estate

  • February 26, 2018

    Extortion Count Against Ex-Cuomo Aide Cut From Graft Trial

    A former top aide to New York Gov. Andrew Cuomo couldn't have used his official role to extort money from a developer because the aide was in the private sector when the alleged misconduct took place, a Manhattan federal judge ruled Monday, trimming a charge from an 11-count corruption indictment.

  • February 26, 2018

    Tetrarch Nabs $74M Loan For Buyout Of PIMCO At Irish Hotel

    Tetrarch Capital has bought out its joint venture partner Pacific Investment Management Co. LLC’s interest in a 764-room hotel and golf course in Dublin and has landed €60 million ($73.9 million) in financing from an affiliate of Starwood Capital Group, according to an announcement from Tetrarch Capital on Monday.

  • February 26, 2018

    NJ Senate Passes Charity Donations Bill To Fight SALT Cap

    The New Jersey Senate passed a bill Monday that would allow for property tax credits for making certain qualified charitable donations on behalf of real property, a rebuke to the Tax Cuts and Jobs Act, P.L. 115-97, which limited the total state and local tax deduction to $10,000.

  • February 26, 2018

    3 Things Hospitality Lawyers Need To Know About Blockchain

    Companies have only recently started to see how they might benefit from blockchain, and hospitality lawyers say that as clients show more interest, it's important to understand some key aspects of the technology. Here, Law360 looks at three things hospitality attorneys need to know about blockchain.

  • February 26, 2018

    Texas Justices OK LLC Officer's Enviro Violations Fine

    The Texas Supreme Court on Friday sided with the state of Texas in a dispute with the officer of a limited liability company who argued a trial court wrongly slapped him with nearly $370,000 in fines for environmental violations after finding him personally liable for the actions.

  • February 26, 2018

    Hawaii B&B Can't Refuse Lesbian Couple, Appeals Court Says

    A Hawaii appeals court has found that a Honolulu bed-and-breakfast owner is running a business subject to discrimination laws and cannot claim a religious right to refuse to rent a room to a couple for being lesbian.

  • February 26, 2018

    REIT Resource Capital Beats Investor Suit Over $41M Loss

    Resource Capital Corp. is off the hook for claims that directors and officers misled investors about a loan that led to a $41 million loss, with a New York federal court tossing several shareholder suits lodged against the real estate investment trust after its board refused to sue the directors and officers itself.

  • February 26, 2018

    Arnold & Porter Guides MetLife's $260M NYC Loan

    Arnold & Porter represented Metropolitan Life Insurance Co. in connection with its $260 million loan to Rockwood Capital LLC for an office tower on East 45th Street in Manhattan, according to records made public in New York on Monday.

  • February 23, 2018

    LA Developer Charged With Funneling Cash To Politicians

    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.

  • February 23, 2018

    Texas Justices Revive Law Firm's Fight For Fees

    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.

  • February 23, 2018

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

    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.

  • February 23, 2018

    DBSI Trustee Wants IRS To Return All Ponzi Funds

    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.

  • February 23, 2018

    Looming Cap On Borrowing Could Alter Financing Strategies

    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.

  • February 23, 2018

    Fla. Man, City To Spar Over Retaliatory Arrest In High Court

    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.

  • February 23, 2018

    Real Estate Rumors: StepStone, Maxim Capital, Brock

    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.

  • February 23, 2018

    Trump Hotel Cos. Fight to Keep Law Firm Arb Suit Federal

    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.

  • February 23, 2018

    UK Health Care REIT Scores £94M From Share Sale

    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.

  • February 23, 2018

    Aaron Hernandez's Daughter Sues For Piece Of Home Sale

    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.

  • February 23, 2018

    Pa. Treasurer Targets 3 Banks In Lending Disparity Probe

    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.

  • February 23, 2018

    Ocwen Sues Insurer Over Coverage Of Investor Suit

    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.

Expert Analysis

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • The Case Of New York’s 5Pointz: Who Owns Graffiti Art?

    Roberta Jacobs-Meadway

    Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Cherin & Mellott LLC.

  • Series

    40 Years Of FCPA: A View From The Monitorship Trenches

    Gil Soffer

    There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.

  • Court Wrongly Disallows Lender's Post-Bankruptcy Legal Fee

    Michael Cook

    At least five circuit courts have taken a sensible approach to allowing an undersecured creditor’s claim for legal fees. But there is still no uniformity in the lower courts, as evident in a North Carolina federal court's recent decision in Summitbridge v. Faison, says Michael Cook of Schulte Roth & Zabel LLP.

  • Series

    40 Years Of FCPA: The Untold Story Of The Resource Guide

    Charles Duross

    Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.

  • A Quick Look At California's New Housing Bills: Part 2

    Andrew Faber

    California's new housing bills are a step toward addressing the state's affordable housing crisis, but they are not without several deficiencies. There is a distinct lack of state funding for housing, and the bills do not provide for additional California Environmental Quality Act categorical exemptions for housing projects, say Andrew Faber and Michael Branson of Berliner Cohen LLP in the final part of this article.

  • Series

    40 Years Of FCPA: A Journey From Conviction To Dismissal

    Janet Levine

    The twist in the Lindsey Manufacturing Foreign Corrupt Practices Act case was the truncated time in which we prepared. Having refused to waive their rights to a speedy trial, our clients took control of the case — this, along with the compressed time frame, forced the government to make errors, say Janet Levine, Sima Namiri-Kalantari and Megan Weisgerber of Crowell & Moring LLP.

  • A Quick Look At California's New Housing Bills: Part 1

    Andrew Faber

    In late September, California Governor Jerry Brown signed into law 15 bills encompassing the California Legislature's package aimed at addressing the state's severe housing crisis. While these bills alone will not solve the housing crisis, experts and legislators agree that their enactment is a significant first step, say Andrew Faber and Michael Branson of Berliner Cohen LLP.

  • Series

    40 Years Of FCPA: The Siemens Lesson — Tillerson Is Right


    Since its whopping $800 million Foreign Corrupt Practices Act settlement in 2008, Siemens cleaned up — and it has “cleaned up” in its long-standing competition with General Electric. How? As Secretary of State Rex Tillerson reportedly told President Donald Trump, you don’t need to pay bribes to succeed in international business, says Peter Y. Solmssen, former general counsel of Siemens.