A Florida-based hotel management company cannot treat a forfeited deposit of almost $10 million on a hotel sale as a capital gain, the Eleventh Circuit said Thursday in a case of first impression. ...read more
A hedge fund owner was found guilty Thursday in New Jersey federal court of defrauding two investors out of about $4 million and spending most of those funds on what prosecutors said was a lavish lifestyle that included a $1 million home and a roughly ...read more
Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems ...read more
Choice Properties and Canadian Real Estate Investment Trust on Thursday said that they will form the largest REIT in Canada, in a deal with an enterprise value of about C$6 billion ($4.8 billion) guided by Torys LLP and Blake Cassels & Graydon LLP ...read more
A real estate and financial services-focused attorney returned to Shutts & Bowen LLP’s Miami office as a corporate partner last week after a nearly four-year stint at Holland & Knight LLP, becoming the second attorney to rejoin in the past ...read more
U.S. real estate has become a very attractive investment for overseas investors. For those financial services companies that lend to foreign borrowers, some simple steps added to their underwriting policies can ensure they are not violating the Bank Secrecy ...read more
Chicago circuit court Judge Jessica Arong O’Brien is guilty of running a $1.4 million mortgage fraud scheme before she took the Cook County bench, an Illinois federal jury said Thursday. ...read more
In this monthly series, legal recruiting experts Amanda Brady and Amy Mallow of Major Lindsey & Africa interview law firm management from Am Law 200 firms about how they are navigating an increasingly competitive business environment. The second conversation ...read more
The House of Representatives passed a package of bills Wednesday altering CFPB mortgage disclosure rules, SEC oversight rules and companies’ disclosure requirements, with backers saying the legislation would help encourage growth in the markets ...read more
A group of third-party timeshare exit businesses that allegedly conspired to interfere with timeshare giant Diamond Resorts International Inc.’s contracts on Tuesday denied that they have systematically attempted to break Diamond’s contracts ...read more
A Chicago circuit court judge had been an attorney and realtor for years when she allegedly orchestrated a $1.4 million mortgage fraud scheme involving two homes she owned, prosecutors told an Illinois federal jury Wednesday. ...read more
The Massachusetts securities regulator on Wednesday accused a North Shore investment adviser of running a real estate scheme over the past 26 years that has defrauded investors and clients, many of whom were elderly and some of whom have already died ...read more
An HNA affiliate has reportedly sold a Manhattan mansion for $90 million, Estate Investment Group is said to have bought a Florida site where it plans to build 200 residential units, and CBRE Global Investors has reportedly picked up an Illinois apartment ...read more
Winston & Strawn LLP represented Wells Fargo Bank NA in connection with its $50 million loan to Achs Management Corp. for an apartment building with a retail component on Atlantic Avenue in Brooklyn, according to records made public in New York on ...read more
The Trump Organization as well as President Donald Trump’s campaign and transition entities shouldn’t be issued a National Labor Relations Board complaint alleging they forced employees to abide by faulty confidentiality rules that violated ...read more
The Sixth Circuit Wednesday affirmed a lower court’s denial of a contractor’s claims against a flood insurance adjuster and provider for fixing Superstorm Sandy damage to a New York client’s property, saying the claims are preempted ...read more
Jackson Walker LLP has bolstered its real estate and wealth planning practice groups with the addition of two partners in Texas, one in Austin and another Houston, the firm announced Tuesday. ...read more
A West Virginia federal judge on Wednesday ruled that a Statoil ASA unit doesn't have to pay damages from a breach of a contractual obligation to start drilling gas wells on property atop the Marcellus Shale, saying the property owner hadn't shown ...read more
Nelson Mullins Riley & Scarborough LLP has hired an environmental attorney from Kilpatrick Townsend & Stockton LLP to boost its capabilities to advise clients in various industries on regulatory compliance and counseling, the firm announced Monday ...read more
Mayer Brown LLP boosted its New York office with the addition of two new partners — a former Ropes & Gray LLP attorney specializing in private fund formation for its corporate and securities practice and the former global co-head of Allen & ...read more
Diaz Reus & Targ LLP has added real estate attorney Alexandre Ballerini as a partner in its Miami office and white collar crime specialist Javier Coronado as an associate lawyer in Bogota, Colombia, the firm announced Tuesday. ...read more
A D.C. federal judge on Wednesday expressed impatience with snags in setting a trial date for President Donald Trump's former campaign chairman Paul Manafort and Manafort's former business partner Rick Gates III, and also the extent to which the ...read more
Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. ...read more
Bitcoin is generating a buzz in the real estate community amid recent wild price swings and reports of it being used for property purchases, and lawyers say it's crucial to be up to speed on a few key aspects of the cryptocurrency. Here, Law360 looks ...read more
Real estate investment trust mogul Nicholas Schorsch and three former Schorsch-venture executives won a partial victory Tuesday in a Delaware Chancery Court fight for $18 million in legal fees arising from investor lawsuits and government investigations ...read more