The U.S. Department of the Treasury on Friday sanctioned six people and seven companies in Africa and the Middle East for supporting terrorism, a decision the agency said specifically targets Al-Inmaa Engineering and Contracting, one of Lebanon’s largest real estate businesses.
Oxford Properties is said to be close to a deal to borrow between $150 million and $180 million for a New York purchase, an Arbor Lodging venture has reportedly bought an Illinois Marriott for $35.5 million, and New York real estate investor Isaac Kassirer is said to be buying a Harlem multifamily portfolio for $85 million.
Morgan Stanley urged a San Francisco judge Friday to nix False Claims Act allegations from the California attorney general’s suit alleging the bank carelessly lost public retirement funds during the 2008 financial crisis, saying the state waited too long to sue.
A federal judge on Friday refused to lift an injunction on a U.S. Department of Energy uranium mining program in southwestern Colorado, saying the department has first to consult with the U.S. Fish and Wildlife Service on estimates of the likely annual water usage of the mines.
January proved to be a busy month for real estate mergers and acquisitions with eight announced deals north of $1 billion, and the 10 largest deals during the period got done with the help of half a dozen law firms.
German real estate developer Instone Real Estate Group BV said Friday it intends to list its shares on the Frankfurt Stock Exchange in 2018 to rake in approximately €150 million ($186.8 million).
A Pennsylvania appeals court on Friday favored a Tioga County hunting club in an oil and gas rights dispute with the heirs of a prior landowner, finding that a lower court had correctly ruled the latter had no interest in more than 900 acres of subsurface rights.
The National Labor Relations Board on Thursday ordered an Ashford Hospitality Trust subsidiary to repay a union the costs it incurred fighting a lawsuit challenging a protest at a Sheraton hotel in Alaska, calling the suit an illegal attempt to suppress workers’ rights.
A Russian real estate investing company implicated in a $230 million Russian tax fraud scheme must pony up a $5.9 million settlement with the U.S. government after a New York federal judge on Friday shut down its bid to try to prove that the government had interfered with the release of its frozen debt asset in the Netherlands.
The federal government and the Estom Yumeka Maidu Tribe of the Enterprise Rancheria told the Ninth Circuit on Thursday that a recent D.C. Circuit decision backs their efforts to defeat a challenge to the tribe’s proposed casino.
Dentons LLP's real estate team has been helping to reshape the Chicago skyline, including assisting on a $1 billion deal to redevelop four blocks around Union Station, and is regularly a go-to for top financial institutions like U.S. Bancorp Community Development Corp., earning the firm a spot among Law360’s 2017 Real Estate Groups of the Year.
Miami-based businessman Ariel Quiros, the man behind an alleged scheme involving investments in Vermont ski resort Jay Peak, has agreed to pay back about $81 million of investor money that he used illegally, the U.S. Securities and Exchange Commission said Friday.
BASF Corp., Shell Oil Co. and related parties scored a victory Thursday when a New Jersey state appeals court upheld a lower court ruling enforcing a settlement that called for them taking ownership of a former landfill site and handling environmental cleanup costs there.
Former New York Assembly Speaker Sheldon Silver checked in with a new defense team Thursday before Manhattan U.S. District Judge Valerie E. Caproni, but the 73-year-old defendant's counsel switch did not earn him more time to prepare for his April retrial.
Attorneys for Richard W. Gates III, the indicted business partner of President Donald Trump's former campaign chairman, on Thursday asked to pull out of representing him in the case a week after reports that Gates had hired a white collar trial and investigations pro from Sidley Austin LLP.
A Virginia federal judge on Wednesday said Mountain Valley Pipeline LLC can’t act immediately to possess nearly 300 properties in the state for a natural gas pipeline, saying more information on their worth was needed before the company could move forward.
Davis Polk & Wardwell LLP steered five initial public offerings that raised more than $4.5 billion in January, when counting representation of issuers and underwriters, bolting ahead of peers during a robust month that saw about two dozen issuers raise more than $10.7 billion.
The court-appointed receiver for an EB-5 project that went down in flames and was sued for fraud by the U.S. Securities and Exchange Commission in Florida federal court believes he has found a New York-based project he could sink up to $67 million into, giving investors a chance to still get their green cards.
Investors in two United Development Funding real estate investment trusts who sued them for fraud in Texas federal court urged a judge on Wednesday to keep the case alive, even as they are reportedly closing in on a mega-settlement that would solve the REITs’ purported problems.
The U.S. Supreme Court’s recent decision to wade into a property line dispute between the Upper Skagit Indian Tribe and Washington state landowners may have set the stage for the justices to endorse a new way for courts to rule on cases that would otherwise be off-limits because of tribal sovereign immunity, experts say.
In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.
More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.
New amendments to the Texas constitutional provisions permitting loans secured by homestead equity should help expand loan opportunities, but the transition period requires compliance vigilance by lenders, says Jeff Dunn of Munsch Hardt Kopf & Harr PC.
Following the widespread construction boom in most California markets, commercial real estate lenders and their counsel find themselves increasingly asked to evaluate and underwrite the nature of entitlement approvals for development projects, but the state's web of land use regulations and sometimes overlapping jurisdictions can make that task complicated, says Andrew Starrels of Holland & Knight LLP.
The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.
Although Hamer v. Neighborhood Housing Services was not the first time I had worked on a certiorari petition, it was the first time I had personally taken on a case in which my initial involvement was at the U.S. Supreme Court level, says Jonathan Herstoff of Haug Partners.
Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.
Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Cherin & Mellott LLC.