A New York appeals court decided Thursday it won't revive a fraud claim MBIA Insurance Corp. brought in its $253 million suit against Credit Suisse over losses it incurred backstopping the bank's residential mortgage-backed securities, and also nixed an earlier win the bond insurer scored in the case.
Miami-Dade County is reportedly considering buying a former railroad corridor for $24.6 million, landlord Barings is said to be leasing nearly 20,000 square feet in New York to PR Consulting, and an affiliate of air cargo company Bringer has reportedly paid roughly $2.7 million for a Florida development site.
The Philadelphia-based construction boutique Horn Williamson LLC has tapped the co-chair of Zarwin Baum DeVito Kaplan Schaer & Toddy PC’s zoning and land use practice to help launch its own development group.
A former tenant faced an uphill battle Thursday trying to persuade a Ninth Circuit panel to reverse a $38 million jury award against him and other tenants who defamed a Los Angeles real estate investor online by calling him "the next [Bernie] Madoff,” with two judges saying he did not preserve his challenge by objecting to a presumed-damages theory at trial.
Canada's Oxford Properties Group has upped its offer to buy real estate investment trust Investa Office Fund in a deal that values the Australia-based company at AU$3.35 billion ($2.41 billion), as it competes with The Blackstone Group LP to buy the firm, Investa said on Thursday.
A Florida appeals court upheld a lower court’s decision Wednesday allowing the Central Bank of Ecuador to collect a portion of a fraud judgment worth hundreds of millions against three brothers from an Orlando property’s corporate owner, in which one of the brothers invested proceeds of the fraud.
A construction executive misused money meant for a luxury New York City condominium project and failed to repay a related $4 million loan while flaunting his “lavish lifestyle” on Instagram, a group of lenders said in a collection action filed Tuesday in state court.
A California appeals court on Tuesday affirmed a consultant’s $7.2 million trial win for unpaid work done for online real estate marketplace Ten-X, ruling that the verdict shouldn’t be tossed just because “marginally relevant” evidence about the consultant’s work with another real estate-related business was excluded.
The relator behind False Claims Act litigation alleging that Fannie Mae, Freddie Mac and the federal government were overcharged for foreclosure services has voluntarily dropped claims against the law firm McCabe Weisberg & Conway PC and two affiliate vendors, according to a filing that a New York federal judge signed on Tuesday.
Classes on blockchain and artificial intelligence. Crash courses in business and financial markets. These are a few ways law schools are preparing students for a job market that is struggling in the wake of the recession.
Private equity shop Virtua Partners is investing more than $500 million in the hospitality platform of Hotel Equities through a new strategic alliance, according to an announcement from the companies on Wednesday.
An Illinois lawyer has been hit with a disciplinary complaint accusing him of creating a conflict of interest in a deal with a client in which he got partial ownership of carbon deposits on the client's property.
A Florida appeals court ruled Wednesday that a lower court erred in finding that a group of homeowners missed a deadline to sue Centex Homes over alleged construction defects even though they filed a statutorily required pre-suit notice to the builder within the eligible time period.
Ford Motor Co. is seeking $239 million in tax abatements from Michigan, the city of Detroit and other government entities to develop 1.2 million square feet of space in the city’s historic Corktown district, a $738 million project anchored by the redevelopment of the shuttered Michigan Central Station.
Climate change goals don't get much more ambitious than California Gov. Jerry Brown's recent executive order calling for the Golden State to be carbon-neutral by 2045, and experts say the state will have to thread the needle through significant legal, regulatory and practical challenges on the pathway to net-zero carbon emissions.
The federal government pressed the U.S. Supreme Court to overturn a Crow tribe member’s conviction in Wyoming state court for illegal elk hunting, saying the tribe’s right to hunt on unoccupied land under a federal treaty was not wiped out by Wyoming's statehood.
Two home warranty companies on Wednesday urged the New Jersey Supreme Court to enforce their arbitration clause, arguing that a lower appeals court wrongly expanded the alternative dispute resolution language requirements set by high court precedent.
The Multifamily Housing REIT PLC is planning to go public through an initial public offering on the London Stock Exchange and intends to raise £175 million ($228.6 million) with the offering, the United Kingdom real estate investment trust announced Wednesday.
Mishorim Development Group is reportedly buying a Miami parking garage for $18.5 million, TH Real Estate is said to have loaned $110 million for a Baltimore-area apartment complex and a venture of ZOM Senior Living has reportedly bought a 46-acre site in Florida for $23.25 million.
A Texas property owner told the state Supreme Court on Wednesday that an estate that missed its deadline for completing a property redemption payment, for which it initially underpaid by around $11,000, didn't substantially comply with the state's statute despite what the lower court had found.
A few weeks ago, the IRS proposed regulations related to the Tax Cuts and Jobs Act's 20 percent deduction on qualified business income for pass-through entities. The guidance offers long-awaited clarity, but is mostly bad news for many law firms, says Evan Morgan of Kaufman Rossin PA.
Current market conditions have set the stage for a wave of real estate investment trust public-to-private transactions. While there is no one-size-fits-all process, attorneys with King & Spalding LLP look at some common ways these deals are being initiated and negotiated today.
Judicial impeachment fever seems to be spreading through the states, with West Virginia legislators recently voting to remove their state's entire Supreme Court, and lawmakers in Pennsylvania and North Carolina threatening the same. These actions are a serious threat to judicial independence, says Jan van Zyl Smit of the Bingham Centre for the Rule of Law.
In this time of partisan conflict over judicial selection, a new book by Canadian jurist Robert J. Sharpe — "Good Judgment" — represents a refreshing, deeply thoughtful departure from binary arguments about how and why judges make decisions, says U.S. District Judge Jeremy Fogel, director of the Federal Judicial Center.
E-discovery is not easy, but employing these 10 strategies may help minimize future headaches, say Debbie Reynolds and Daryl Gardner of EimerStahl Discovery Solutions LLC.
In the two years since the U.S. Supreme Court's Escobar decision set off waves of litigation over materiality in civil False Claims Act cases, it has largely failed to gain traction in criminal fraud prosecutions. However, the ruling has broad implications in criminal law, say Antonio Pozos and Mark Taticchi of Drinker Biddle & Reath LLP.
In the past few years, landlords, investors and developers have shown increased interest in triple-net ground leases of peripheral properties surrounding retail centers. However, they should consider the issues that can pop up when a ground leased parcel is part of a larger commercial development, says Andrew Hodgson of Husch Blackwell LLP.
A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.
The U.S. Supreme Court has been asked to review ConAgra Grocery Products Co. and NL Industries v. People of California, a case that concerns whether companies that manufactured lead paint long ago can still be held liable for creating a public nuisance — and there's a decent chance cert will be granted, says Catherine Connors of Pierce Atwood LLP.
Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.