The Millennium Tower’s individual and corporate developers and managers asked a San Francisco judge Thursday to end claims against them brought by residents who bought units in the building that is now sinking, saying the residents couldn’t prove marketing materials had defrauded or misled them about the building’s tilting woes.
Donald Sterling’s ex-mistress will have to return over $2.6 million in gifts the former NBA team owner gave her, a California appeals court ruled Thursday, upholding a lower court's decision that the gifts were given without the required permission of the former Clippers owner's wife.
A Wisconsin federal judge shot down a long-pending suit that accused Kohl's Corp. of securities fraud on Thursday, saying the real estate accounting flubs that led the company to restate its financials were so arcane that they couldn't be summarily chalked up to corporate misconduct.
Mortgage servicer Ocwen Financial Corp. announced in a filing with the U.S. Securities and Exchange Commission on Thursday that it has reached a $56 million settlement with a proposed class of investors to resolve claims it issued false and misleading statements about its federal rules compliance.
The city of Inglewood, California, tricked the owners of the historic concert venue The Forum into handing over a plot of land that the city then devoted to a competing arena meant to host the Los Angeles Clippers, the venue alleged in a claim for damages filed against the city Monday.
New York-based real estate investment, development and management company RFR Holdings Inc. has landed a $104.5 million refinancing package for an office building on Fifth Avenue in Manhattan, according to property records made available Thursday.
A group of law professors on Wednesday urged the U.S. Supreme Court to overturn a D.C. Circuit decision backing a law that blocked a Michigan man’s challenge to a tribal casino project, saying the ruling lets Congress invade federal courts' authority to resolve lawsuits.
Holliday Fenoglio Fowler LP on Wednesday announced that it closed the sale of a $127.4 million luxury Denver-area apartment community to a group of institutional investors led by JPMorgan Asset Management.
Beacon Capital Partners reportedly has a deal to pay $165 million for a Chicago office tower, real estate investment trust SL Green is said to have leased 46,492 square feet in New York to an entity tied to Tavistock Group, and Queens developer AB Capstone is reported to have leased 20,000 square feet each to Michaels Cos. and Blink Fitness in Brooklyn.
A sprawling corruption case involving two former aides to New York Gov. Andrew Cuomo and hundreds of millions of dollars of rigged contracts was split in two by a federal judge in Manhattan on Tuesday, with trials set to begin in January and May.
The south suburban Chicago village of Tinley Park cannot escape a U.S. Department of Justice lawsuit over the town’s alleged racial bias in halting a low-income housing development, an Illinois federal judge has ruled.
Dalian Wanda reworked its plans to sell a series of hotels and theme parks, Univision is drawing interest from potential suitors, and private-equity-backed Global Blue is preparing to hit the sales block.
The former general counsel of a bogus time-share consultancy in New Jersey was sentenced to a year and a day in federal prison on Wednesday for attempting to influence witnesses and for lying to investigators pursuing a criminal case against his onetime employers.
An Iowa appeals court on Wednesday reversed a lower court decision and found an insurance appraisal panel’s award of $1.5 million to a housing association for hail damage was binding.
House Republicans passed a measure Wednesday aimed at paring down interagency spats over new pipeline approvals, largely putting decisions in the hands of the Federal Energy Regulatory Commission.
A British man on the lam from the FBI and the U.S. Securities and Exchange Commission who stands accused of raising $37 million from investors in fraudulent schemes involving a bitcoin trading company and a co-working startup on Wednesday skipped a hearing on the New York federal civil case, surprising no one.
A wireless infrastructure contractor hit the city of Chicago with a suit in Illinois federal court Wednesday over the zoning board’s refusal to grant it a permit to build a 120-foot wireless tower for T-Mobile.
The Tenth Circuit on Wednesday upheld the dismissal of a suit by New Mexico landowners over a Bureau of Indian Affairs letter that supported the San Ildefonso Pueblo’s right to deny them the use of roads leading to their property, saying the group didn't raise a dispute that the court could settle.
Tourism company Transat A.T. Inc. is selling its minority interest in the Ocean Hotels brand to Spanish hotel company H10 Hotels for $150.5 million, according to an announcement from Quebec-based Transat on Wednesday.
Texas developer Midway has scored $66 million in construction financing from a Bank of America division for phase one of a grocery-anchored retail and residential project in Houston, according to an announcement Wednesday from Holliday Fenoglio Fowler LP, which brokered the deal for Midway and property owner BKR Memorial II LP.
The Federal Emergency Management Agency's National Flood Insurance Program will expire if not reauthorized before Sept. 30, 2017, which would have immediate and long-term repercussions for property owners. There is a need to reauthorize the NFIP and improve it in order to align values of a national safety net and self-reliance on both a personal and local community level, says Michelle Rudd of Stoel Rives LLP.
The Maryland Court of Appeals continues to apply its “reasonable probability” standard in proving source exposure and source causation in lead-based negligence cases. But it is unclear what the statutory or policy basis is for carving out a distinct causation standard for lead paint plaintiffs as opposed to other tort plaintiffs, say F. Ford Loker and Katherine Lawler of Miles & Stockbridge PC.
In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?
Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.
Beginning with the 2013 charges against Jesse Litvak for misrepresentations to counterparties in the market for residential mortgage-backed securities, the U.S. Securities and Exchange Commission has aggressively pursued similar cases against bond traders. Michael Osnato Jr. and Meaghan Kelly of Simpson Thacher & Bartlett LLP survey the impact of the Litvak line of cases and offer insights into where the SEC will next deploy its an... (continued)
In June, the Texas Supreme Court disturbed long-standing rules for interpreting mineral deeds and conveyances in its decision in Wenske v. Ealy. This ruling has the potential to open the floodgates to a large volume of new litigation challenging the allocations of royalty burdens among mineral lessors, says Thomas Ciarlone Jr. of Kane Russell Coleman Logan PC.
Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.
Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.
The U.K. Criminal Finances Act 2017 allows for court orders requiring individuals and companies to explain the origin of assets in the U.K. and beyond that appear disproportionate to their known incomes. But the controversial nature of the new orders means that legal challenges are likely, say attorneys from Dechert LLP.
In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.