Real Estate

  • February 9, 2018

    NY Graft Trial Cooperator Arrested After Day On Stand

    Todd Howe, the lobbyist-turned-cooperator who is testifying at the bribery trial of a former top aide to New York Democratic Gov. Andrew Cuomo and three businessmen, was arrested on Thursday night for violating his bail, after a defense lawyer accused him in front of the jury of breaching his plea deal.

  • February 9, 2018

    Haynes And Boone Hires 2 Andrews Kurth Attys In Houston

    Haynes and Boone LLP this week announced it had hired two former Andrews Kurth Kenyon LLP partners to join its office in Houston, bolstering its capital markets and securities practice as well as its energy litigation practice.

  • February 9, 2018

    SEC Seeks Contempt For Accused Woodbridge Ponzi Boss

    Securities and Exchange Commission attorneys sought a contempt of court finding against accused fraudster Robert H. Shapiro late Wednesday, saying in a federal district court motion that Shapiro failed to comply with an order to disclose family trust assets and accounts under his control.

  • February 9, 2018

    REIT British Land Drops £103M On UK Mixed-Use Property

    British Land PLC has picked up a retail, office and residential property in southeast London for £103 million ($142 million), according to an announcement on Friday from the U.K. real estate investment trust.

  • February 9, 2018

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

    The last week has seen another contract suit against Hilton Worldwide and BayernLB, a New York investment manager lodge a professional negligence claim against RSM Corporate Finance, and an insurance brokerage sue Barclays. Here, Law360 looks at those and other new claims in the U.K.

  • February 8, 2018

    SF's Law Regulating Tenant Buyouts Upheld By 9th Circ.

    The Ninth Circuit on Thursday upheld a San Francisco ordinance that aims to curb the city’s housing crisis by placing restrictions on landlords who offer tenants money to vacate their apartments, finding the local law is constitutionally sound.

  • February 8, 2018

    NJ Hedge Funder In Fraud Case Grilled Over His Spending

    A hedge fund owner accused of defrauding two investors out of about $4 million told a New Jersey federal jury Thursday that he spent a portion of the funds in anticipation of earning fees and that he was allowed to put some of the money toward a mortgage on his home.

  • February 8, 2018

    Class Cert. Granted In BofA, Countrywide Appraisal Suit

    A California federal judge has certified a nationwide class of borrowers accusing Countrywide Financial Corp. of using inflated real estate appraisals to juice its loan origination business during the mid-2000s, turning back arguments from the company and its successor Bank of America that the borrowers won’t be able to back up their racketeering claims with common proof.

  • February 8, 2018

    Lehman Puts Finishing Touch On MBS Claims Estimation Trial

    Attorneys for Lehman Brothers Holdings Inc. held firm in closing arguments Thursday that trustees accusing the defunct investment bank of selling toxic mortgage-backed securities have failed to show damages claims in excess of the $2.4 billion Lehman will accept.

  • February 8, 2018

    OneTitle CEO Warns Regulatory Change 'Leaves No Flexibility'

    A new regulation that bans New York title insurance companies from offering inducements to potential clients will fundamentally change the landscape for an industry long accustomed to the practice, OneTitle National Guaranty Co. Inc. CEO Daniel Price told Law360 in a recent interview.

  • February 8, 2018

    Fired Lobbyist's 'Spiderweb Of Lies' Snarls NY Graft Trial

    Todd Howe, an ex-lobbyist testifying against a former top aide to New York Democratic Gov. Andrew Cuomo and three businessmen accused of bribery, endured a brutal afternoon Thursday as jurors saw so many fresh examples of his misconduct that the pace of trial ground to a near-halt and generated a warning from the judge.

  • February 8, 2018

    Bankrupt Hotel Developer Must Face Bid For $15M Payout

    A group of investors in an Iowa hotel franchise can continue to pursue roughly $15 million in fraud judgments against a former business partner who they claim hid millions of dollars in assets and filed for bankruptcy to avoid paying up, a Minnesota federal judge ruled Wednesday.

  • February 8, 2018

    Real Estate Group Of The Year: Simpson Thacher

    In the past year, Simpson Thacher & Bartlett LLP’s real estate group guided deals worth more than $70 billion, including such blockbuster transactions as Invitation Homes’ $11 billion merger with Starwood Waypoint Homes, earning the group a spot among Law360’s 2017 Real Estate Groups of the Year.

  • February 8, 2018

    Real Estate Rumors: HNA, Bell Partners, Michael Feinstein

    HNA Group has reportedly hired a broker to sell a $4 billion real estate portfolio that includes properties in Chicago, New York and San Francisco; Bell Partners is said to have bought a Los Angeles-area apartment complex for $123 million; and Michael Feinstein and husband Terrence Flannery have reportedly sold a New York townhouse for $15.22 million.

  • February 8, 2018

    Accused Ponzi Leader Seeks End To SEC’s $1B Asset Freeze

    Accused Ponzi scheme architect Robert H. Shapiro asked a Florida federal judge late Wednesday to lift or modify a U.S. Securities and Exchange Commission freeze on some $1 billion in assets under his control, citing limitations in a recent U.S. Supreme Court ruling and calling the lock-up excessive.

  • February 8, 2018

    Moinian Snags Up To $350M In EB-5 Funding For NYC Tower

    The Moinian Group said Thursday it will receive as much as $350 million in EB-5 capital for its massive mixed-use retail and office tower in Manhattan as part of the New York developer’s plan to fund the $2 billion construction project.

  • February 8, 2018

    Hydropower Land Transfer, Transparency Bills Pass House

    The House of Representatives has passed a pair of bills to transfer some land from a federal hydroelectric project to Alaska and to mandate more financial transparency from the Western Area Power Administration.

  • February 8, 2018

    Dilworth Paxson Accused Of Frivolous Development Suit

    Dilworth Paxson and one of its former attorneys have been slapped with a suit in Pennsylvania state court alleging that the attorney knowingly filed several baseless actions aimed at stopping a Philadelphia resident’s objection to a condo development next to her house, including one claim that was allegedly a deliberate attempt to threaten her job.

  • February 8, 2018

    On 4th Try, Mortgage Debt Collection Class Survives

    A Pennsylvania federal judge on Wednesday refused to toss a class claim against the last remaining defendant in an eight-year litigation from homeowners suing over foreclosure fees that allegedly were improperly assessed despite renegotiated mortgages, saying the debt collector isn’t precluded from similar claims settled by its associates.

  • February 8, 2018

    Receiver Can Reinvest Funds From Fraud-Wracked EB-5 Deal

    A Florida federal judge has agreed to allow the court-appointed receiver for the failed Jay Peak EB-5 investment project to sink up to $67 million of immigrant investors’ money into a New York-based project that could give investors a chance to still get their green cards.

Expert Analysis

  • Getting Creative With Approaches To Removal

    Gregg Weiner

    When a lawsuit filed in state court is removed to federal court, it is usually either because the suit alleges a claim under federal law, or because the parties are residents of different states. But sometimes actions can be removed that do not clearly fit either of these grounds, say Gregg Weiner and Andrew Todres of Ropes & Gray LLP.

  • Hearing The Need For More Women’s Voices In The Courtroom

    Carrie Cohen

    For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.

  • Roundup

    My Strangest Day In Court

    Logo

    Every seasoned litigator has his or her fair share of courtroom stories. Check out the strange experiences that captured reader interest in this popular 2017 series.

  • Are The Stars Aligning For Fannie And Freddie Reform?

    David Reiss

    Jeb Hensarling, the Texas Republican who chairs the House Financial Services Committee, recently made it clear that he will negotiate and compromise when it comes to a reform plan for Fannie Mae and Freddie Mac. This represents a true opening for a bipartisan housing finance bill, says David Reiss of Brooklyn Law School.

  • Roundup

    40 Years Of FCPA

    FCPA

    ​Dec. 19 marked the 40th anniversary of the Foreign Corrupt Practices Act. Catch up on this series featuring reflections from attorneys who have played a role in the evolution of FCPA enforcement, defense and compliance.​

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.

  • Opinion

    A Fair Rate Of Return Is Required When States Set Prices

    Trevor Burrus

    The U.S. Supreme Court should hear Mercury v. Jones in order to clarify the constitutionally required fair rate of return standard. When a business loses the freedom to operate according to free market principles, going out of business is not a "fair rate of return," say Trevor Burrus of the Cato Institute and Eric Ashby of the University of Michigan Law School.

  • 7 Reasons To Rethink The Importance Of Title Review

    Alejandro Ramirez

    All too often, investors and business owners fail to give the title review process its due weight when making a major commercial real estate acquisition. As a result, they do not fully understand the title risks involved, leading to mismanaged legal and financial risk, says Alejandro Ramirez of AR Legal Team.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.