A California state appeals court on Monday said that even though two parts of an environmental impact report for a major development were faulty, a lower court was right to separate out those elements instead of granting a request by environmental groups to fault the entire report.
The New Jersey Appellate Division on Tuesday clarified in a published opinion that state tax sale law allows for a third-party investor to enter into a profit-sharing agreement with the owner of a property facing foreclosure as long as the investment is significant.
A venture that includes real estate investment trust SL Green has reportedly landed a $195 million loan for a New York retail property, Tiger Electronics founder Randy Rissman is said to be nearing a deal to buy a Chicago office property and Florida Power & Light Co. has reportedly bought more than 1,300 acres of land in northern Florida.
A Three Affiliated Tribes member and his current attorney are challenging a pair of requests made by Enerplus Resources Corp. in its $3 million royalty overpayment dispute, telling a North Dakota federal court Monday that the requested attorneys' fees are excessive and the oil and gas exploration company isn’t entitled to prejudgment interest.
The Bank of New York Mellon Corp. has asked a New York federal judge to reject a new effort to allow a case over failed mortgage-backed securities it oversaw to advance as a class action, saying Royal Park Investments' class definition is still too “expansive and amorphous” to be certified.
Summit Industrial Income REIT on Monday announced a unit offering that could hand the open-ended mutual fund real estate investment trust roughly $92 million, the same day it said it had inked a $66.1 million deal to buy a four-property portfolio in the greater Toronto area.
Feil Organization has reportedly bought a New York property leased to multiple fitness studios from Acadia Realty Trust for $27 million, Denihan Hospitality is said to be seeking $80 million for a Chicago hotel, and advertising firm Omnicom has reportedly extended its lease for 200,000 square feet in New York for another 10 years.
The Seventh Circuit on Monday refused to reconsider its October decision allowing local transfer taxes levied against mortgage backers Fannie Mae and Freddie Mac to go forward, reversing a district court decision deeming the taxes unconstitutional.
The U.S. Supreme Court on Monday said it won’t review a Second Circuit decision allowing the Federal Deposit Insurance Corp. to move forward with a $140 million mortgage securities suit against a group of five banks, leaving in place the appellate court’s interpretation of a so-called extender statute in the Financial Institutions Reform, Recovery and Enforcement Act.
Mortgage lender and servicer Walter Investment Management Corp. received interim approval on Monday from a New York bankruptcy court to access a $1.9 billion debtor-in-possession warehouse lending facility it says is needed to finance its primary operating subsidiaries.
Two companies eager to seal deals before the year-end holiday break launched initial public offerings on Monday, led by commercial real estate broker Newmark Group Inc.’s estimated $615 million IPO, followed by private equity-backed cable equipment maker Casa Systems Inc.’s approximate $134 million offering.
Sidley Austin LLP represented M&T Bank in connection with its roughly $217.3 million loan to Stroock & Stroock & Lavan LLP-counseled Midtown Equities LLC for a mixed-use project in Brooklyn's DUMBO neighborhood, according to records made public in New York on Monday.
A Senate panel on Friday gave the U.S. General Services Administration an additional 60 days to deliver a plan to move the FBI out of its aging headquarters, after the agency had originally said a new relocation plan, replacing a yearslong effort that collapsed earlier this year, would come before the end of November.
The Third Circuit on Monday upheld a ruling requiring two businessmen associated with a Pennsylvania casino project to pay the legal fees of an attorney who they accused in an ultimately unsuccessful lawsuit of sabotaging their dealings with state gaming regulators.
Real estate development and investment firm the Woodbridge Group of Companies LLC filed for Chapter 11 protection Monday in Delaware amid a U.S. Securities and Exchange Commission investigation into its fundraising practices, looking to restructure some $750 million in mostly retail note debt.
A California jury awarded $10 million in punitive damages to Katy Perry and the Roman Catholic Archbishop of Los Angeles on Monday after finding that a real estate developer acted with malice in interfering with the pop star's planned $14.5 million purchase of a sprawling empty convent.
Property developer Dalian Wanda Group Co. Ltd.'s founder is paying nearly HK$3.67 billion ($469.5 million) for a majority stake in Wanda Hotel Development Co. Ltd., according to a stock exchange release Monday.
Two Illinois women who spearheaded a campaign against township employees trespassing on private property can't pursue constitutional claims against the county of Winnebago for an alleged unfair spike to their property assessment, a Seventh Circuit panel ruled Friday.
The accelerated course of the Republicans’ $1.4 trillion tax cut bill, heralding some of the most sweeping changes for corporations in decades, has created ambiguities that could take years to iron out while the process to reconcile differences between the House and Senate versions of the bill will leave nothing sacrosanct, including the cardinal 20 percent corporate tax rate.
The U.S. Senate passed an expansive tax cut bill early Saturday that is projected to add more than $1 trillion to the deficit, after garnering enough support from faltering and fiscally conservative Republicans.
Defending depositions is challenging. The lawyer is the only shield and protector for the witness and the client. The rules of engagement are less than clear, and fraught with ethical perils. Difficult judgment calls often must be made in the heat of battle. This is where lawyers really earn their keep, says Alan Hoffman of Husch Blackwell LLP.
There is a difference between a lawyer or investigator seeking evidence to defend against allegations and correct misrepresentations, and, on the other hand, using duplicitous means to gather information and intimidate alleged victims and journalists. Client advocacy does not mean winning at all costs, says Nicole Kardell of Ifrah Law PLLC.
Today's climate of “alternative facts” has jurors making decisions based on beliefs, emotions and social affiliations that often go unacknowledged or underappreciated. To present their case in the most persuasive manner possible, litigators should consider adapting to their audience when it comes to four psychological factors, say consultants with Persuasion Strategies, a service of Holland & Hart LLP.
Nothing has been more instrumental in my role as a legal recruiter than what I learned from a variety of hedge fund managers, venture capitalists and investment bankers — how to analyze a deal and make a decision quickly. It boils down to the traditional SWOT analysis, says Howard Cohl, director in Major Lindsey & Africa’s emerging markets group.
Financial Crisis Anniversary
Just a decade after financial disaster struck, the Trump administration, congressional Republicans and Wall Street are wantonly ignoring the lessons of history. The unknown is not if but when financial disaster will strike again, says Phil Angelides, who was chairman of the Financial Crisis Inquiry Commission.
When considering a lease, tenants should closely examine whether the property is in transition, under construction or being repurposed, in order to address concerns regarding anomalous real estate tax escalations, says Dena Cohen of Herrick Feinstein LLP.
As law firms begin preparing for their annual budget review, Steve Falkin and Lee Garbowitz of HBR Consulting discuss why firm leaders should give their internal information technology and procurement teams a seat at the table.
The Ninth Circuit's recent decision in Los Angeles v. Aecom is the first appellate decision to hold that the Americans with Disabilities Act does not necessarily preempt contribution claims as between co-defendants, possibly signalling a retreat from wholesale rejection of indemnity and contribution claims in ADA cases, says Robert Naeve of Jones Day.
Artificial intelligence needs to be legally defensible in order to be useful to law firms. There are requirements for making this happen, says Mark Williamson, co-founder and chief technology officer of Hanzo Archives Ltd.
A few jurists and commentators have recently caused a stir in the e-discovery community by arguing that litigants should avoid using keyword searches to filter or cull a document population before using predictive coding. This “no-cull” rationale undermines the principle of proportionality at the heart of the recent changes to Federal Rule 26, say John Rosenthal and Jason Moore of Winston & Strawn LLP.