A Wells Fargo Bank NA limited liability company sued the borrowers of a $13.5 million commercial real estate loan in Texas federal court, saying it wants to take control of a hotel located in the Rio Grande Valley because the borrowers have failed to make payments and are in default.
Attorneys for a class of real estate investors who recently agreed to a $100 million settlement with property management giant CBRE over a multimillion-dollar embezzlement asked Monday for a one-third cut of the settlement as attorneys’ fees, arguing that the case was complex and risky and produced a great result for the class members.
Hilton Grand Vacations Inc. announced Monday that it is expanding its timeshare offerings to the Caribbean with its acquisition of an interest in The Crane Resort in Saint Philip, Barbados' oldest resort, for an expected $54.6 million.
The U.S. Department of the Interior has rejected the Mashpee Wampanoag Tribe's bid to have tribe-owned land in Massachusetts held in trust by the government for a proposed casino project, reversing an Obama-era decision by finding that the tribe didn't qualify to have the land taken into trust under the Indian Reorganization Act.
The legal industry has shown some caution in rebuilding its pool of associates after the dramatic layoffs of thousands during the last recession. But have firms done enough to survive the next?
A San Jose dealership asked the Ninth Circuit on Monday to overturn decisions ending two lawsuits it filed against Fiat Chrysler Automobiles NV, one alleging the company coerced it into paying increased rent, and another alleging the automaker hurt local competition by offering better incentives to rival dealerships.
Britain’s Network Rail on Monday said it will deal the majority of its commercial real estate portfolio to a Blackstone Group LP affiliate and property manager and investor Telereal Trillium for £1.46 billion ($1.9 billion), with Clifford Chance LLP and Eversheds Sutherland guiding the seller, and Kirkland & Ellis LLP and Gowling WLG steering the buyers.
A D.C. federal judge granted a bid by federal prosecutors to dismiss the Kialegee Tribal Town's suit saying it shares jurisdiction over the Muscogee (Creek) Nation's lands in Oklahoma, ruling the tribe failed to properly lodge specific claims of government misconduct and giving it leave to try again.
A Starwood Capital fund has reportedly paid $29.25 million for a Miami hotel, Ankura Consulting Group is said to be taking another nearly 30,000 square feet at a New York property owned by REIT SL Green and DR Horton has reportedly picked up a development site in Florida for just north of $3 million.
Century Surety Co. lost its bid in California federal court Friday to shake a $4.7 million jury verdict requiring the insurer to cover a settlement over allegedly defective mobile homes.
The U.S. Securities and Exchange Commission on Friday told a New York federal judge it had reached a settlement with a former managing director of Nomura Securities International Inc., resolving allegations that he had participated in a $7 million residential mortgage-backed securities fraud.
A Delaware vice chancellor on Monday sanctioned a former manager for Trascent Management Consulting LLC for fraudulently inducing a partner into establishing the venture and employing him by being dishonest about his prior employment and finances.
A half-dozen law firms helped out with the largest New York City transactions last week for which deeds were filed, deals that spanned Manhattan, Brooklyn and the Bronx.
All but one of the parties in a Texas county border dispute that has left Occidental Chemical with millions in ad valorem tax overpayments urged the Texas Supreme Court on Monday to end the decadelong row by ruling that no factual questions remain.
A California woman has asked the Ninth Circuit to reconsider her suit accusing a San Diego-area school district and its lawyers at Foley & Lardner LLP of suppressing evidence and violating the Racketeer Influenced and Corrupt Organizations Act, arguing the court’s most recent ruling is at odds with two previous appellate decisions in the case.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
It’s been almost 10 years since Lehman Brothers collapsed — kicking off a global recession and putting two Skadden partners on a path to building a firm that would weather the storm. Here's how upstarts and their larger rivals are positioning themselves for the next downturn.
Former Dunlap & Moran PA partner Thomas B. Luzier has joined the real estate group at Williams Parker Harrison Dietz & Getzen in Sarasota, Florida, the firm announced Wednesday.
People's United Bank was hit Friday with a breach of contract suit in Vermont federal court by a proposed class of 836 foreign investors in the failed Jay Peak Ski Resort, claiming they were hurt by a Ponzi scheme revealed by the U.S. Securities and Exchange Commission because the bank misappropriated their funds.
McGuireWoods LLP represented Capital One Multifamily Finance LLC in connection with its $115 million Freddie Mac loan to Taconic Investment Partners LLC for several Bronx apartment buildings, according to records made public in New York on Friday.
The Federal Circuit recently reversed the U.S. Court of Federal Claims decision in Alta Wind v. United States, finding the trial court's method of valuing the wind farm properties did not accurately represent their fair market value. The decision was unclear, however, about how the lower court should determine the value on remand, leaving the renewable energy industry with a number of questions, say attorneys at Latham & Watkins LLP.
Practitioners should know how to use foreign search and seizure law to secure evidence of wrongdoing that can be introduced in U.S. intellectual property lawsuits. A recent copyright case, CoStar Group v. Xceligent, illustrates the benefits of invoking these ex parte provisions, say Nicholas J. Boyle and C. Bryan Wilson of Williams & Connolly LLP.
Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.
Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.
It had never occurred to me that judges don’t always love the way their appellate cousins review their work and tell them — in public — all the things they got wrong. I was frequently struck by Justice Ruth Bader Ginsburg’s acute awareness of the delicacy of this relationship, says attorney David Post.
As a clerk for Justice Ruth Bader Ginsburg, my job was to mirror my boss’ views and values in everything I did. Years later, I find that I am still striving to live up to the values Justice Ginsburg instilled in me, as both a lawyer and a spouse, says Burden Walker, an assistant U.S. attorney for the District of Maryland.
The U.S. Attorney’s Office for the District of Connecticut, following reversals of two prior convictions, has moved to dismiss its remaining securities fraud claim against bond trader Jesse Litvak. While it can be difficult to prove misstatements are material as a matter of law, the government's move is certainly not a death knell for similarly grounded fraud charges, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Relying in part on the definition of “doing business" in the 100-year-old Funk & Wagnalls dictionary, the Maryland Court of Appeals recently ruled on the licensing of Delaware statutory trusts and foreclosure proceedings on delinquent residential mortgage loans. The decision should end the confusion surrounding the ability of a state trust to foreclose in Maryland, say attorneys with Mayer Brown LLP.
Justice Ruth Bader Ginsburg is everything she is cracked up to be — feminist icon, brilliant jurist, fierce dissenter. She is also an incredible boss, mentor and friend. Her advice has shaped how I have tried to balance building a career and raising children, says Rachel Wainer Apter, counsel to the New Jersey attorney general.
Opportunity zones, created under 2017’s Tax Cuts and Jobs Act, have the potential to be a powerful driver of investment activity in low-income communities throughout the U.S. But in order to benefit from the program’s capital gains tax exemption, investors must comply with a complex and somewhat unclear set of rules. Attorneys at Skadden Arps Slate Meagher and Flom LLP provide the details.