Los Angeles boutique real estate firm Pircher Nichols & Meeks LLP has snagged a real estate partner from Sidley Austin LLP — the second of such lateral hires in the last month — in a move that further grows the firm's institutional lending practice, Pircher Nichols exclusively told Law360 Wednesday.
A Texas federal judge has awarded former Primary Residential Mortgage Inc. workers $500,000 after a two-week trial in which rival Supreme Lending unsuccessfully argued PRMI wrongly raided its workers and took trade secrets, but didn't enter judgment on the jury's award of $4.5 million in punitive damages.
Two former Wilmington Trust executives said to have played critical on-the-ground roles in hiding a massive pile of bad loans from regulators and investors — eventually breaking the regional bank — were sentenced in Delaware federal court Wednesday to prison terms of 4½ and three years.
The Federal Transit Administration has awarded a total of $16.6 million to 20 organizations to support the development of areas near public transit projects in more than a dozen states, the agency said Tuesday.
A trio of Oklahoma energy developers pressed the U.S. Supreme Court Tuesday to take up their bid to overturn the Tenth Circuit's ruling that they needed Osage Nation and federal approval for a lease connected with a wind farm project, saying the solicitor general has wrongly argued that the tribe had the right to take part in the circuit court appeal.
Harbor Group International has reportedly dropped $40.8 million on a Florida office property, Facebook is said to be in talks with REIT SL Green to lease a Manhattan tower, and Freshwater Group has reportedly bought a pair of Miami apartment buildings for $12.1 million.
A New Jersey appeals court on Wednesday tossed a property owner’s trial win in a slip-and-fall case, ordering a new trial because the property owner’s attorney improperly gave jurors information during closing arguments that had not been admitted into evidence.
A Litchfield Cavo LLP partner is facing claims in Pennsylvania state court that he helped a client pursue a “bogus” lawsuit to trick a judge into giving his blessing to a phony lease agreement that gave the client rent-free occupancy of a North Philadelphia property for a day care business.
The U.S. Securities and Exchange Commission has filed three more lawsuits against companies and individuals who allegedly sold unregistered securities in the $1.22 billion Ponzi scheme that drove Woodbridge Group of Cos. LLC to file for bankruptcy protection.
Covington & Burling LLP represented Tetragon Financial Group on the merger of Tetragon's GreenOak Real Estate with Sun Life Financial Inc.’s platform Bentall Kennedy, a deal announced Wednesday that values the GreenOak-Bentall Kennedy venture at $940 million and a matter Weil Gotshal & Manges LLP helped Sun Life with.
The Third Circuit has refused to disturb a bankruptcy court's liquidation of a legally embattled New Jersey college professor's assets in furtherance of a bank's long-stalled foreclosure on her home, ruling Monday that she never raised any "meaningful challenge" to the move beyond her disagreement with it.
A D.C. federal judge has denied the U.S. General Services Administration’s bid to escape a watchdog group’s suit seeking documents regarding an abandoned plan to relocate the FBI's headquarters, instead telling the agency to expand its search for documents.
Singapore-based real estate investment trust SPH REIT Management Pte. Ltd., as part of a joint venture trust, said on Tuesday that it has agreed to buy a shopping center in New South Wales, Australia, for AU$206 million ($147.7 million) from Swordfish Australian Mid TC Pty Ltd.
Greenberg Traurig LLP, K&L Gates LLP and Gould & Ratner LLP are among the various law firms that recently made new real estate or construction lawyer hires.
Equity LifeStyle Properties has reportedly picked up a Florida mobile home park for $49 million, Sugar Hill Capital is said to have paid more than $250 million for a Harlem multifamily portfolio, and TH Real Estate has reportedly loaned $135 million for a portfolio of industrial properties in Southern California.
Sears Holding Corp. on Tuesday won approval from a New York bankruptcy judge for the sale of its home improvement business for $60 million, while telling the judge it is going ahead with the sale of the rest of its assets without a stalking horse bidder.
A Pennsylvania federal judge dismissed a suit on Monday accusing a family of real estate developers of fraudulently transferring an interest in the family patriarch’s insurance policy death benefit out of Fifth Third Bank’s grasp, saying it’s too early to tell if the court’s intervention is necessary or productive.
A development company that spent more than $23.5 million acquiring condominium units in New York’s garment district is seeking at least $12.5 million in damages from an architect and his firm for allegedly failing to give proper advice regarding the restrictions on building a new hotel in a neighborhood under the New York City Zoning Resolution, according to a complaint filed in New York state court.
Anyone who thinks that legal ethics is a sleepy area of the law didn't live through 2018. The year saw major decisions about conflict waivers and defunct firm clawbacks, among other meaty topics, and enough head-shaking news springing from the special counsel probe into the presidential election to make one dizzy. Here, Law360 highlights some of the biggest ethics and professional conduct stories of 2018.
General counsel from various industries were forced into the spotlight and held publicly accountable this year — either because they allegedly behaved inappropriately or were accused of handling internal situations poorly — as the #MeToo movement swept through corporate America and its in-house law departments.
A revenue procedure released by the IRS in September provides important, albeit limited, relief to real estate investment trusts with international operations on certain unanswered questions, say David Miller and Christian Brause of Sidley Austin LLP.
The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.
Blocker corporation financing transactions are being scrutinized by the IRS Large Business and International division as part of its transfer pricing campaign. The division is focusing on two specific issues in its transfer pricing audits, says Brad Wagner of Wagner Duys & Wood LLP.
When the government seizes property by eminent domain, Massachusetts compensation rules are favorable to property owners, but appraisal will require consideration of many hypothetical factors, as well as all three time frames — the past, the present and the reasonably foreseeable future, says John Bowen of Rackemann Sawyer & Brewster PC.
On Tuesday, Colorado voters will decide whether to enact a ballot initiative that significantly restricts oil and gas development. If Proposition 112 passes, owners of oil and gas mineral interests will likely seek redress for the loss of their valuable property rights, says Brent Owen of Squire Patton Boggs LLP.
Last month, the U.S. Department of the Treasury released proposed regulations for the new opportunity zone program. In the concluding part of this series, Marc Schultz of Snell & Wilmer LLP analyzes the guidance as it pertains to opportunity zone businesses and opportunity zone business property.
In conjunction with Texas' litigation-curbing measures introduced in 2015, a state appellate court's recent decision in Mosaic v. 5925 Almeda, denying a condo owners association standing to sue for construction defects, may reduce the number of such lawsuits, says Pierre Grosdidier of Haynes and Boone LLP.
On Oct. 19, the U.S. Department of the Treasury released proposed regulations, a related revenue ruling and Form 8996 pertaining to the new opportunity zone program. In this two-part article, Marc Schultz of Snell & Wilmer LLP analyzes material portions of this highly anticipated guidance and highlights where guidance is still necessary.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.
Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.