Paragon Banking Group PLC is buying private equity-backed Titlestone Property Finance Ltd. for roughly £48 million ($63.3 million) and is also picking up a portfolio of development finance loans for an additional approximately £226 million, the U.K. bank announced on Tuesday.
A former attorney was sentenced to seven years in prison in New York federal court on Tuesday for bilking investors out of more than $3.4 million for what he claimed were investments backed by real estate and life insurance policies.
Former Trump campaign chair Paul Manafort is very interested in the political leanings and media diet of prospective jurors in his looming trial for financial crimes, a request for jury questions filed in Virginia federal court has shown.
In its first complete term back at full strength since the death of Justice Antonin Scalia, the top U.S. court took on several cases that revealed deep divisions among its members. Here are the most stinging dissents.
Amy Coney Barrett has been sitting on the Seventh Circuit bench for only eight months, but she is rumored to be on President Donald Trump’s shortlist for potential picks to replace Justice Anthony Kennedy on the U.S. Supreme Court.
The office of the U.S. Department of the Interior’s solicitor said Friday that it was withdrawing an Obama-era opinion by the same office that the department could take land into trust for Alaska Natives, saying that the ruling was “incomplete and unbalanced” and that it would take at least a year to reconsider.
With the Supreme Court largely punting on deciding the issues at the center of some of its biggest cases this term, the justices turned to concurrences to fight for the future of the law.
While the justices tend to join most often with colleagues whose philosophy they share, even politically charged cases can create groupings that defy easy categorization. Here are a few from the latest term.
An Alabama federal court ruled against accounting giant PricewaterhouseCoopers on Friday in a suit brought by the Federal Deposit Insurance Corp. over the auditor's failure to detect a fraud scheme that brought down Colonial Bank, ordering the auditor to pay $625 million, every penny the FDIC sought.
From a raucous house party to the often-disappointing taste of wedding cake, the justices found plenty to laugh about in the latest term. Here are the top moments of legal levity.
A New York federal judge on Monday greenlighted a multipronged attack by former New York State Senate Majority Leader Dean Skelos and his son Adam on the credibility of former insurance boss and government witness Anthony Bonomo, saying she would allow the defense to probe claims of misconduct at Bonomo’s company.
President Donald Trump is ramping up the process of replacing Justice Anthony Kennedy on the U.S. Supreme Court, interviewing four candidates Monday and revealing the White House staffers who are leading the selection effort.
Federal prosecutors reopened their bid-rigging case Monday against former State University of New York President Alain Kaloyeros and three others accused of fixing $600 million worth of “Buffalo Billion” construction jobs in a highly unusual effort to show a jury that the charges belong in Manhattan federal court.
A New Jersey state court on Friday dismissed Meridian Capital Group from an investor's suit alleging that the real estate agency and Treetop Development misrepresented the attractiveness of New Jersey properties to dupe him into investing, but kept claims against Treetop alive.
Real estate investment trust Kite Realty Group Trust has formed a joint venture with a fund managed by a subsidiary of Nuveen LLC, which will be focused on acquiring high-quality retail properties, by contributing three properties valued at $99.8 million.
CBRE, PGIM, Greystone and Avison Young were among various firms that made real estate hires during the month of June.
Real estate private equity shop Thor Equities has reportedly landed $427 million in financing for a Chicago hotel, the Pompano Beach Community Redevelopment Agency may sell more than 5 acres in Florida for a townhouse project and L&L Holding has reportedly bought the fee interest in a Manhattan office and retail property.
Once again, Justice Stephen Breyer was the most talkative member of the U.S. Supreme Court during oral arguments, but another member of the court turned heads by speaking out 50 percent more than she did in the prior term.
A handful of law firms argued multiple cases during the latest high court term — with varying degrees of success. Here’s how the familiar law firms fared in some of the most high-profile cases of the year.
Back at full strength, the justices worked their way through a docket full of blockbusters. Here’s our data-driven look at the term that was.
One wonders if the Second Circuit’s reversal of Jesse Litvak’s securities fraud conviction in the District of Connecticut, together with prosecutors’ recent loss at trial in United States v. Demos, will impact the government’s decision to prosecute further the other bond traders who are currently facing charges in the same courthouse, say Harry Sandick and Michael Schwartz of Patterson Belknap Webb & Tyler LLP.
The city of Chicago has a history of making bad deals in secrecy and at the taxpayers’ expense, says Josh Burday of Loevy & Loevy, who is currently representing the group suing Chicago for disclosure of the details of its bid for Amazon's HQ2.
Last month, the California Senate passed SB 917, amending the California Insurance Code to reiterate efficient proximate cause and specifically address landslides. Though the amendment purports to merely restate existing law, insurers should be prepared for inconsistent verdicts rendered by courts and juries in the near future, says Jennifer Hoffman of Zelle LLP.
By incorporating an explicit requirement that discovery must be “proportional to the needs of the case,” the 2015 amendments to the Federal Rules of Civil Procedure garnered much speculation as to their impact on courts’ decision-making processes. Now that the rules have been implemented for over two years, several themes have emerged, say attorneys with Buckley Sandler LLP.
Three Australian states have introduced taxes for transactions involving acquisitions of residential property by foreign investors, but certain foreign investors may be exempted from the new taxes, say John Walker and Jun Au of Baker McKenzie.
The views of tax professionals and the IRS interpreting Internal Revenue Code Section 1061 are rapidly evolving in the aftermath of hurriedly adopted legislation. While future corrective legislation and agency interpretations may target planning, the statute in its current form provides opportunities for taxpayers to work around the negative consequences of the new three-year holding period for certain carried interests, say attorneys at Frost Brown Todd LLP.
Many technologists and pessimists alike have claimed that artificial intelligence and machine learning will replace lawyers. However, current technologies can actually transform and streamline attorneys' jobs, allowing them to complete tasks like real estate transactions in a manner that is better, faster and cheaper, says Shawn Amuial of Holland & Knight LLP.
The advancement in connected technologies and software has created an explosion of nontraditional data sources that present challenges to e-discovery practitioners. Many tools and techniques used to process traditional data may not be practical for these new data types, say Jason Paroff and Sagi Sam of Epiq.
Recently enacted Internal Revenue Code Section 1061 makes several important modifications to the beneficial tax treatment of carried interest. Professionals in the hedge fund, private equity or real estate industries need to keep this new provision in mind when structuring their compensation arrangements, say attorneys at Frost Brown Todd LLC.
Under Texas law, as reinforced by recent court decisions, the insured bears the burden of establishing that property damage actually occurs on the reported date of loss. Insureds and insurers can use a variety of tools to determine and prove when hail or wind damage occurred, say Todd Tippett and Walter Cardwell of Zelle LLP.