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Real Estate
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May 13, 2025
Builder Says Zurich Owes $2.6M For Bronx School Damage
A contractor said a Zurich unit owes it at least $2.6 million for costs incurred after a construction site collapse at a Bronx school, telling a New York federal court the insurer failed to timely adjust its claim and wrongfully refused to pay out any funds for the loss.
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May 13, 2025
Feds Want 2½ Years For Ex-Alvarez & Marsal CPA In Tax Case
A onetime managing director at consulting firm Alvarez & Marsal should spend two-and-a-half years in prison as punishment for failing to file his personal taxes and lying on a mortgage application, prosecutors told a D.C. federal judge.
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May 12, 2025
Coinbase Inks $2.25M Deal In Dogecoin Sweepstakes Suit
Coinbase Inc. and promoter Marden-Kane have agreed to pay $2.25 million to put to rest a proposed class action over a Dogecoin cryptocurrency sweepstakes, a deal that follows a trip to the U.S. Supreme Court, according to a motion filed in California federal court Friday.
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May 12, 2025
Judge Blocks Oak Flat Land Transfer Until High Court Review
A federal judge has temporarily blocked the federal government from transferring an ancient Arizona Apache worship site to a copper mining company until the U.S. Supreme Court rules on the dispute, saying there is no question that the tribes would suffer irreparable harm should the move proceed.
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May 12, 2025
Dentons Hires Veteran Real Estate Partner In NYC
Dentons has hired a veteran real estate attorney, who has represented clients such as developers and property owners in real estate projects for more than a decade, for a partner role in one of its New York offices, the firm announced Monday.
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May 12, 2025
Asbestos Spiked Cost To Demolish Power Plant, Suit Says
A subcontractor doing demolition at a former Boston power plant undergoing redevelopment says it is owed more than $22 million for additional work after finding hidden pockets of asbestos in multiple locations.
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May 12, 2025
Redfin Shareholder Sues To Block $1.75B Rocket Cos. Merger
A shareholder has hit Redfin Corp. and several members of its top brass with a class action in Washington state federal court, seeking to block the real estate technology company's planned merger with Rocket Cos. by alleging the merger's proxy statement is false and misleading.
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May 12, 2025
9th Circ. Questions Vegas Casino Room Rate Claims
A skeptical Ninth Circuit panel had questions Monday for guests accusing Las Vegas casino-hotel operators of using the same software to inflate room rates about what they need to show for their algorithmic pricing claims to survive.
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May 12, 2025
Kraft Heinz, IPS Head to Trial Over $12.5M Project Dispute
Neither Kraft Heinz Co. nor contractor Industrial Power Systems Inc. can avoid continuing toward a trial in their dispute over cost and time overruns on a $12.5 million project to upgrade an Ohio production facility, after a federal judge denied both sides' motions for summary judgment Monday.
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May 12, 2025
Calif. Tribe Can't Halt Decision On $700M Casino, Feds Say
The U.S. Department of the Interior has urged a D.C. federal court to reject a California tribe's bid to temporarily block the department's decision to rescind gambling eligibility for a $700 million casino project.
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May 12, 2025
Will Justices Finally Rein In Universal Injunctions?
The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.
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May 12, 2025
Akin Adds Ex-Mayer Brown Real Estate Funds, M&A Partners
Former Mayer Brown LLP partners Wendy Dodson Gallegos and Jason Wagenmaker have moved to Akin Gump Strauss Hauer & Feld LLP to advise the firm's real estate fund formation and mergers and acquisitions practices, according to a Monday announcement.
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May 12, 2025
Bradley Arant Faces DQ Bid In Georgia Mall Rent Dispute
A mall has urged a Georgia federal judge to disqualify Bradley Arant Boult Cummings LLP from representing a tenant in an unpaid rent dispute, arguing that the law firm has a conflict of interest because it has represented the mall's sister corporation in similar litigation.
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May 12, 2025
Broker's Insurer Wants Out Of Suit Over Bad Advice
A professional liability insurer told a Florida federal court it owes no coverage to an insurance broker accused of wrongly advising its client on a $15.9 million hurricane loss because the advice came years before coverage began.
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May 12, 2025
Toll Bros. Must Face Counterclaims In $12M Security Sale Suit
The home security arm of Pennsylvania-based homebuilder Toll Brothers can't make any further cuts to the counterclaims from Security Systems Inc. in a $12 million lawsuit over the latter's purchase of nearly 10,000 customer accounts, a Connecticut state court judge ruled Friday.
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May 12, 2025
Chancery Delays $30M Deal In SPAC Suit For Review Of Class
Citing no-longer-novel aspects of blank check company stock-drop suits, a Delaware vice chancellor on Monday trimmed a $7 million attorney fee proposal in a $29.75 million settlement to $5.5 million, but delayed approval pending clarification on post-closing stock buyer share eligibility.
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May 12, 2025
Capital Group Inks $18.7M Deal With Conn. Housing Authority
Titan Capital ID LLC on Monday accepted $18.7 million to settle a damages feud with a nonprofit tied to a Connecticut public housing authority, agreeing to drop an interest rate from 24% to 12% on an underlying $16.2 million promissory note while waiving an 8% late fee.
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May 12, 2025
Homeowners, Title Co. Settle Excessive Notary Fees Suit
Two homeowners and Equity National Title informed a Pennsylvania federal court that the parties have reached a settlement in the homeowners' proposed class action alleging the title company charged excessive notary fees.
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May 09, 2025
Real Estate Recap: 'Preposterous' Rule, MoFo On Debt, Big 4
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney views of a U.S. Securities and Exchange Commission rule affecting real estate, one BigLaw leader's insights into new debt funds, and what the four largest brokerages said about 2025's first quarter.
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May 09, 2025
NYC Deed Theft Schemer Convicted On 18 Counts
The final of five co-conspirators accused of running a deed theft ring that stole three properties worth $1 million from elderly homeowners was convicted by a Queens jury, New York Attorney General Letitia James announced on Friday.
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May 09, 2025
Treasury Pushes To Ax Shareholders' FHFA Director Suit
The federal government has said a Fannie Mae and Freddie Mac shareholder complaint should be dismissed because it is "devoid of any allegations" that tenure protections for the Federal Housing Finance Agency's director affected their dividend payments.
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May 09, 2025
NY Developer Denied More Time To Pay SEC $229M Settlement
A New York federal judge denied a motion by a real estate developer and his wife to extend the deadline for a $229.6 million payment required under a consent judgment with the SEC to settle claims they had schemed to raise money from hundreds of Chinese investors using false statements.
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May 09, 2025
New Orleans Wants Out Of Airbnb's Short-Term Rentals Suit
New Orleans urged a Louisiana federal court on Friday to toss a suit brought by Airbnb Inc. and multiple property owners challenging several of the city's short-term rental ordinances.
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May 09, 2025
Wells Fargo Execs Sued In Del. Over 'Sham' Diversity Efforts
A Wells Fargo stockholder launched a derivative suit on Friday in Delaware's Court of Chancery seeking damages from 17 of the banking giant's directors and officers for potentially billions in costs tied to alleged "sham" diversity-focused recruitment and hiring initiatives.
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May 09, 2025
Utah Tribe Challenges Colorado Parks' Bill Over Historical Ties
A Colorado bill that would give members of the Southern Ute Indian and Ute Mountain Ute tribes free access to the state's parks is being protested by their Utah sister tribe, which argues that the legislation disregards its deep historical connection and presence in its ancestral homelands.
Expert Analysis
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What Banks Should Note As Regulators Plan To Nix CRA Rule
While federal bank regulators’ recently announced intent to rescind a Biden-era Community Reinvestment Act final rule will loosen the framework for evaluating banks’ lending, service and investing activities, the decision means industry innovations and changes will remain unaddressed, say attorneys at Alston & Bird.
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Series
Playing Guitar Makes Me A Better Lawyer
Being a lawyer not only requires logic and hard work, but also belief, emotion, situational awareness and lots of natural energy — playing guitar enhances all of these qualities, increasing my capacity to do my best work, says Kosta Stojilkovic at Wilkinson Stekloff.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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CFPB Vacatur Bid Sheds Light On Agency Decision-Making
While the CFPB's joint motion to vacate the settlement it reached with Townstone Financial last year won't affect precedent on the Equal Credit Opportunity Act's scope, it serves as a road map to CFPB decisional processes and provides insight into how other regulators make similar decisions, says Jason McElroy at Saul Ewing.
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Series
Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Calif. Smoke Claim Ruling Gives Insurers Support On Denials
Far from being an outlier among ash, soot and smoke coverage cases, a California appellate court's recent opinion in Gharibian v. Wawanesa General Insurance reinforces the principle that policyholders must establish entitlement to coverage as a threshold matter, while supporting denials of coverage for meritless claims, says Kyle Espinola at Zelle.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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How Attys Can Use A Therapy Model To Help Triggered Clients
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.
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Navigating Florida's Bad Faith Reforms After Appellate Ruling
A Florida appellate court's recent decision is among the first to interpret two significant amendments to the state's insurance bad faith law, and its holding that one of the statutes could not apply retroactively may affect insurers' interpretation of the other statute, say attorneys at Cozen O'Connor.
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3 Steps For In-House Counsel To Assess Litigation Claims
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.
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Negotiating Triparty Hotel Agreements To Withstand Risk
Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley.
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Series
Teaching College Students Makes Me A Better Lawyer
Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.
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Series
Adapting To Private Practice: From DOJ Enviro To Mid-Law
Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.
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Key Questions When Mediating Environmental Disputes
As the U.S. Environmental Protection Agency implements dramatic regulatory changes, companies seeking to use mediation to manage increased risks and uncertainties around environmental liabilities should keep certain essential considerations in mind to help reach successful outcomes, says Edward Cohen at Thompson Coburn.
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CRE Challenges Demand New Lease And Development Plans
As developers and landlords face declining occupancy of commercial, industrial and office space post-pandemic, a combination of business and lease considerations may better position stakeholders to protect the value and profitability of their commercial real estate, says Geoffrey Leskie at Segal McCambridge.