Dechert LLP said it has hired a former Kirkland & Ellis LLP partner whose practice areas include commercial real estate finance, asset-backed securities and derivatives, and fintech, further bolstering its global finance team.
Simpson Thacher & Bartlett LLP represented The Blackstone Group LP in connection with its $7.6 billion deal announced Monday to buy Wachtell Lipton Rosen & Katz-counseled Gramercy Property Trust.
Real estate website Zillow Inc. escaped a proposed class action over its home value “Zestimates” Monday after an Illinois federal judge said there was no evidence supporting the class’s claims it was duped by numbers into hiring the site’s preferred brokers.
Gibson Dunn & Crutcher LLP announced Friday it has hired a real estate finance partner from Dechert LLP who has represented lenders, including banks and insurance companies, in various phases of loans secured by commercial real estate.
The Illinois-based developer of a former cork factory in Pittsburgh settled its tax dispute in the U.S. Tax Court on Friday by accepting a $2.5 million deduction for a historic easement.
New York City wants to require new hotel projects in certain manufacturing zones to obtain a special permit as part of the city's effort to preserve existing properties and encourage more industrial construction, but lawyers on the lodging development side say the change would likely slow new hotel construction and may not jump-start manufacturing.
They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.
Hunton Andrews Kurth LLP represented Suntrust Bank in connection with its $120 million loan to real estate investment trust Boston Properties Inc. for a property on Madison Avenue in New York City, according to records made public Friday.
KeyBank NA urged a Pennsylvania federal judge on Friday to sanction a lawyer with McCullough Eisenberg LLC, alleging that the attorney emailed confidential information from a deposition to more than a hundred bankruptcy attorneys operating in the state seeking input on a case.
The last week has seen a commercial fraud claim against asset manager Shire Warwick Lewis, Italian insurers sue a shipper, and Denmark's tax authority take action against ED&F Man Capital Markets and more than five dozen other firms. Here, Law360 looks at those and other new claims in the U.K.
Michiganders with property-contamination claims against GM must submit to the provisions of GM's 2009 bankruptcy sale order, a New York bankruptcy judge ruled Friday — but that order does allow them to press claims over contaminants that were purportedly dumped presale but migrated onto their land post-sale.
Starwood Capital Group said Thursday it has agreed to sell an £830 million ($1.1 billion) portfolio of 14 hotels in the United Kingdom to a hotel real estate subsidiary of Parisian holding company Foncière des Régions.
Nestle's Michel Jacober has reportedly dropped $12 million on a Florida mansion, CBS' Los Angeles studio is said to be moving closer to becoming a historic landmark, and a company tied to Lagunitas' Leon Sharyon has reportedly bought a Miami warehouse for $10.54 million.
The Tenth Circuit on Thursday refused to grant attorneys’ fees to a trio of energy companies in a proposed class action against them and others, including the Bureau of Indian Affairs, over allegedly improperly approved oil leases.
The Virginia federal judge overseeing a financial crimes case against former Trump campaign chairman Paul Manafort asked for the unredacted version of an August memo outlining the scope of Special Counsel Robert Mueller's investigation, saying Friday he believes the goal of the charges is to get Manafort to “sing.”
Nixon Peabody LLP has announced two lateral hires: a real estate partner in Chicago from Holland & Knight LLP and a labor and employment partner in Los Angeles from Allen Matkins Leck Gamble Mallory & Natsis LLP.
Two Fannie Mae and Freddie Mac shareholders who accused the Federal Housing Finance Agency and the U.S. Department of the Treasury of siphoning the companies’ profits into government coffers can’t revive their claims, the Seventh Circuit said on Thursday, finding that the two agencies had the statutory authority to do so.
The operator of the tribal-owned Mohegan Sun casino in Connecticut said it will spend $101 million to buy out its South Korean partner’s stake in a "first-of-its-kind, multibillion-dollar," 1,350-room resort and 215,000-square-foot casino planned for development at Incheon International Airport outside Seoul.
An insurer is off the hook for charges that it unfairly dragged out its denial of coverage to a general contractor facing a workplace injury suit, after a New York appeals court affirmed that a federal law preempts the state law on which the claims hinged.
In a U.S. Securities Exchange Commission filing this week, General Electric Co. said its subprime mortgage unit may be heading into Chapter 11 if it is found liable in pending legal action over defective loans.
For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.
Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.
Massachusetts courts have shown a desire to ensure that owners of newly constructed condominiums have the ability to pursue the same construction defect and warranty claims as new single-family home owners. Just as real estate developers should be cognizant of their duties concerning alleged building defects, condominium developers should be as well, say attorneys with Rackemann Sawyer & Brewster.
Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.
When negotiating leases for office space, technology companies should exercise vigilance to ensure that assignment and subleasing provisions are reasonable and that the leases are as flexible as possible, says Daniel Suckerman of Lowenstein Sandler LLP in the final part of this article.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.
When negotiating leases for office space, technology companies should pay particular attention to use and operations issues like permitted use provisions, density limits and building services and amenities, says Daniel Suckerman of Lowenstein Sandler LLP.
Proposed amendments to the Federal Rules of Civil Procedure Rule 23, which governs class actions, are set to take effect on Dec. 1, 2018, pending approval. The amendments would significantly alter class action litigation procedure from notice to settlement, says Niki Mendoza of Garden City Group LLC.
When negotiating shared wireless infrastructure contracts in large venues, sponsors should pay close attention to technology specifications, upgrades and interference protection, say Walt Sapronov and Kenneth Klatt of Sapronov and Associates PC.
Businesses face challenges in implementing the Tax Cuts and Jobs Act, especially given its size and scope and the ambiguities that remain regarding its application. Unfortunately, if administrative guidance and technical corrections are not issued soon, companies may lose valuable rights, say attorneys with Eversheds Sutherland LLP.