After Amazon's win of major tax breaks from New York to place its new offices in New York City, three City Council members have said they'll introduce legislation targeting secrecy in such negotiations, while the council speaker said he would hold public hearings to scrutinize the deal.
The U.S. Supreme Court on Monday denied a petition for review brought by Houston residents alleging that a city tax reinvestment zone led to street and drainage projects in their area that caused their homes to flood during periods of heavy rainfall.
DLA Piper’s Eric Falkenberry quantifies litigation risk for buyers and sellers in the M&A arena, runs data boot camps for colleagues and helps dream up innovative new analytics tools, earning him a spot on our 2018 list of Data-Driven Lawyers.
David Herman, a New York-based Weil Gotshal & Manges LLP real estate partner, helped steer Canada’s Brookfield Asset Management Inc. through tens of billions of dollars in deals this year, earning him a spot as one of Law360’s 2018 Real Estate MVPs.
Real estate boutique Pircher Nichols & Meeks LLP has brought onboard a new lateral real estate partner from Sidley Austin LLP, and the new hire strengthens the firm's institutional lending practice, Pircher Nichols exclusively told Law360 on Monday.
Big Data. Statistical Analysis. Insights. Innovation. These data-driven lawyers are making their mark on the legal industry and developing systems and practices that will change the way law is practiced in the 21st century.
The U.S. Department of Justice filed a forfeiture action in D.C. federal court Friday seeking more than $73 million and accusing one of its own former employees and a founding member of the renowned hip-hop group Fugees of participating in the billion-dollar fraud scandal involving 1Malaysia Development Berhad, or 1MDB.
Sears Holding Corp. has asked a New York bankruptcy court for permission to sell 13 Kmart and Sears locations for $62 million to a real estate buyer for U-Haul International, saying the stores are not essential to its future operations.
A Federal Trade Commission suit unsealed Thursday alleges that a group of companies and their officers perpetuated the largest offshore real estate scam ever targeted by the commission, selling lots to more than 1,000 individuals in a southern Belize real estate development that has not been completed despite raking in more than $100 million.
The New Jersey Supreme Court has stripped two attorneys of their licenses to practice law in the Garden State, one of whom duped ethics authorities following a lengthy history of infractions, and another who misappropriated hundreds of thousands of client funds.
A Third Circuit panel on Friday upheld a nightclub and beach club owner’s lease agreement with the new owners of a casino that filed for Chapter 11, ruling that the Bankruptcy Code and the doctrine of equitable recoupment entitle the owner to reduce his rent obligation in keeping with the lease agreement he held with the casino.
A Virginia bankruptcy judge on Friday approved a settlement between Toys R Us investors and the minority equity holder in the toy giant’s $900 million in Asian business, clearing the way for the investors to buy an 85 percent stake in the overseas assets.
The Texas Supreme Court opted Friday not to take up a long-running dispute between two companies fighting for ownership of a Houston-area parcel of land where an AT&T cell tower sits and years of lease payments from the carrier, rejecting AIC Management Co.’s bid to revive the case.
Burke Law Offices LLC and Terrell Marshall Law Group PLLC have won the position of interim lead counsel in a proposed class action, currently stalled mid-settlement in Illinois federal court, against Ocwen Loan Servicing accusing the mortgage loan servicer of making millions of robocalls to customers without their permission.
MASA Global has reportedly bought a Florida office building for nearly $12.9 million, private equity shop Ares Management is said to have dropped $124.5 million on a California office property, and Phoenix Realty Group has reportedly paid $69.7 million for a Florida apartment complex.
Warburg Pincus, CBRE, FCP and Grandbridge were among various companies that made real estate hires in November.
The Fifth Circuit has refused a Texas shopping center landlord’s bid for a rehearing in a liability insurance case, finding that the insurer does not have to provide coverage for the landlord’s failure to complete commercial lease negotiations with a new restaurant on time.
A gas pipeline company urged the full Tenth Circuit on Thursday to reconsider a circuit panel’s recent ruling that the company couldn’t condemn land in which the Kiowa Tribe has a small interest, saying the ruling and another Tenth Circuit decision could hamper gas pipeline development at a critical time.
In the November edition of the Laterals Audit, a former Hinckley Allen & Snyder LLP lawyer experienced in federal, state and international tax planning and compliance rejoins Day Pitney LLP, Venable LLP nabs an ex-Holland & Knight LLP attorney, and Allen Matkins Leck Gamble Mallory & Natsis LLP takes on a former CliftonLarsonAllen attorney for its Los Angeles office.
Two Michigan nonprofit groups have backed a bid in federal court by several Michigan cities and counties to end a suit by the Little Traverse Bay Bands of Odawa Indians seeking recognition by the state of its reservation boundaries, arguing that the tribe is barred from any reservation claim.
Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.
A revenue procedure released by the IRS in September provides important, albeit limited, relief to real estate investment trusts with international operations on certain unanswered questions, say David Miller and Christian Brause of Sidley Austin LLP.
The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.
Blocker corporation financing transactions are being scrutinized by the IRS Large Business and International division as part of its transfer pricing campaign. The division is focusing on two specific issues in its transfer pricing audits, says Brad Wagner of Wagner Duys & Wood LLP.
When the government seizes property by eminent domain, Massachusetts compensation rules are favorable to property owners, but appraisal will require consideration of many hypothetical factors, as well as all three time frames — the past, the present and the reasonably foreseeable future, says John Bowen of Rackemann Sawyer & Brewster PC.
On Tuesday, Colorado voters will decide whether to enact a ballot initiative that significantly restricts oil and gas development. If Proposition 112 passes, owners of oil and gas mineral interests will likely seek redress for the loss of their valuable property rights, says Brent Owen of Squire Patton Boggs LLP.
Last month, the U.S. Department of the Treasury released proposed regulations for the new opportunity zone program. In the concluding part of this series, Marc Schultz of Snell & Wilmer LLP analyzes the guidance as it pertains to opportunity zone businesses and opportunity zone business property.
In conjunction with Texas' litigation-curbing measures introduced in 2015, a state appellate court's recent decision in Mosaic v. 5925 Almeda, denying a condo owners association standing to sue for construction defects, may reduce the number of such lawsuits, says Pierre Grosdidier of Haynes and Boone LLP.
On Oct. 19, the U.S. Department of the Treasury released proposed regulations, a related revenue ruling and Form 8996 pertaining to the new opportunity zone program. In this two-part article, Marc Schultz of Snell & Wilmer LLP analyzes material portions of this highly anticipated guidance and highlights where guidance is still necessary.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.