Commercial

  • September 22, 2023

    Accountant, Atty Convicted In $1.3B Tax Case In Georgia

    A Georgia jury found two men guilty on Friday of conspiring to defraud the government by promoting a scheme that sold $1.3 billion in fraudulent tax deductions in connection with conservation easements, according to the U.S. Department of Justice.

  • September 22, 2023

    Judge Calls Some Of Trump's Args 'Crazy' In NY Fraud Case

    A New York state judge on Friday pounded the bench as he expressed frustration with arguments made by Donald Trump's attorneys over what claims, if any, he can rule on ahead of trial in the massive fraud case against the former president, his sons and their business, calling some recurring arguments "literally crazy."

  • September 22, 2023

    IRS Mea Culpa Could Prompt Easement Program Revamp

    The IRS' admission of wrongdoing for covering up backdated evidence in a high-profile conservation easement case in Georgia could motivate the agency to revamp its oversight of the charitable tax deduction, which has been hotly contested in federal courts.

  • September 22, 2023

    Parties In Mich. Zoning Spat Told To Withhold Settlement Details

    A judge has warned the participants in a dispute over a group of Michigan wineries' ability to operate free of local zoning constraints not to share details of settlement discussions with anyone other than him and counsel for the three parties.

  • September 22, 2023

    Calif. Orders Changes To Stabilize Property Insurance Market

    California Gov. Gavin Newsom signed an executive order Thursday launching an initiative to help stabilize and expand the state's property insurance market as providers have pulled back due to climate-related disasters.

  • September 22, 2023

    Judge Won't Toss Water Damages Claims In La. Pollution Suit

    A Louisiana federal judge denied two companies' attempt to escape claims for state Groundwater Act damages by hundreds of property owners who allege their now-closed pipe valve manufacturing facility in Rapides Parish caused widespread contamination.

  • September 22, 2023

    Looming NFIP Lapse Threatens Coverage, Housing Market

    As federal lawmakers lurch toward next week's government funding deadline, insurance experts say a long shutdown could throw the U.S. housing market into disarray, and critically restrict the National Flood Insurance Program's ability to provide new coverage.

  • September 22, 2023

    Kwok Operatives 'Materially Altering' NJ Mansion, Feds Claim

    Federal prosecutors in the Southern District of New York say the Chapter 11 trustee handling the Connecticut bankruptcy of Ho Wan Kwok has discovered evidence that the debtor's associates and operatives are tampering with a New Jersey mansion to benefit the Chinese exile's case.

  • September 22, 2023

    Cox Castle, Burke Williams Rep Calif. Naval Base Site Revamp

    Brookfield Properties, advised by Cox Castle & Nicholson LLP, has agreed with the city of Concord, California, guided by Burke Williams & Sorensen LLP, to plan a mixed-use project on the 5,000-acre site of a former U.S. Navy base.

  • September 22, 2023

    Developer Plans $2B Overhaul Of Downtown Jacksonville

    A developer that once led a $3 billion project in Tampa and another surrounding Amazon's second headquarters near Washington, D.C., has bought 22 acres in downtown Jacksonville, Florida, with plans to redevelop a 20-block area into a mixed-use project worth $2 billion.

  • September 22, 2023

    Chevron Doctrine Supporters Flock To High Court In Key Case

    Health groups, scientists, a labor union, small businesses and environmentalists are urging the U.S. Supreme Court not to strike down a nearly 40-year-old precedent that allows judges to defer to federal agencies' interpretations of law in rulemaking disputes, arguing it's a valuable and reliable tool in administrative law cases.

  • September 22, 2023

    Off The Bench: MSU Coach, Olympian Abuse, DC Stadium Bill

    This week's Off The Bench features a college football coach accused of sexual harassment fighting to keep his job, an Olympic medalist claiming that a U.S. team doctor sexually assaulted her, and Congress helping the nation's capital potentially lure back a beloved NFL team.

  • September 22, 2023

    Property Plays: Hines, Stanford, Urban Standard

    An entity associated with Hines Interests is said to be constructing a 300-unit apartment complex, Stanford University has reportedly extended an office lease in New York City and Urban Standard is said to have loaned $38.5 million for a Brooklyn multifamily building.

  • September 22, 2023

    2 Litigators Rejoin Greenberg Traurig In Ariz. From DLA Piper

    Greenberg Traurig LLP has welcomed back a pair of litigation attorneys to the firm's Phoenix office following several years with DLA Piper. 

  • September 22, 2023

    Ex-NC Candidate Says She Settled Atty's Defamation Row

    A former Democratic candidate for the North Carolina Senate says she has resolved claims she defamed her Republican opponent, a real estate attorney with the firm Lee Kaess PLLC, with a false campaign ad, admitting in a social media post that the "accusations were not based on actual facts."

  • September 22, 2023

    Holland & Knight Adds Pair Of Chicago Real Estate Pros

    Holland & Knight LLP announced Thursday the firm has brought on a pair of real estate partners in its Chicago office.

  • September 22, 2023

    Mass. Tax Dept. Details Surtax, Brownfields Credit Expansion

    Losses in one part of Massachusetts income cannot be applied to reduce another part of income for purposes of the state's new 4% surtax on high earners, the tax department said.

  • September 21, 2023

    SEC Charges 5 In Mexico Firm's $15M Ponzi Scheme

    Alleging a Ponzi scheme that raised at least $15 million from more than 450 Spanish-speaking U.S. investors, the U.S. Securities and Exchange Commission on Thursday sued Mexico-based Aras Investment Business Group — a company that, until last year, counted one of the biggest homes in Texas among its assets.

  • September 21, 2023

    Investor Can Seek To Attach Libya Assets, NY Judge Says

    A Cypriot dairy and juice factory investor can seek attachment or execution of Libyan assets in its efforts to collect on a $28 million judgment against the country, a New York federal judge has ruled, rejecting Libya's assertion that such permission would be improper given its ongoing efforts to vacate the award in France.

  • September 21, 2023

    Health Care Cos. Say Insurer Owes $70M For Harvey Damages

    Owners and operators of Texas health care facilities damaged by Hurricane Harvey claim Affiliated FM Insurance Co. owes them more than $70 million after dragging its feet on the work that needed to be done and prematurely shutting off claims, according to a court filing on Wednesday.

  • September 21, 2023

    DOI Seeks Alternative Ruling in Ala. Burial Grounds Dispute

    The U.S. Department of the Interior is asking the Eleventh Circuit to reconsider an alternative to a lower court's ruling that dismissed it as a defendant in a dispute between two Alabama tribes over a historic burial ground site, saying the case raises complex questions about other sovereigns as parties in challenges to federal actions.

  • September 21, 2023

    Travelers Says Other Carrier Must Cover Building Injury Row

    A carpenter's insurer must defend and indemnify a New York office tower owner, a general contractor and tower tenant Skadden in an underlying suit brought by a worker who was injured during a construction project, according to a federal lawsuit from a Travelers unit insuring the contractor.

  • September 21, 2023

    Colo. Panel Says Contracts Can Set Accrual For Defect Claims

    A Colorado Court of Appeals panel has ruled that parties to a contract can agree to a longer accrual period for construction defect claims than what is provided under state law, according to a published opinion Thursday that found such agreements do not violate public policy.

  • September 21, 2023

    Real Estate Rumors: Elton John, Albany Road, Penske Media

    Elton John is rumored to be leaving Atlanta after listing his condo for nearly $5 million, investment firm Albany Road Real Estate Partners has reportedly purchased nearly 30 acres in South Florida for $21 million, and Penske Media is said to be moving its headquarters after signing a 125,000-square-foot lease in Los Angeles.

  • September 21, 2023

    Apt. Owner Fights Arbitration Of $7M Ida Case At 5th Circ.

    A New Orleans luxury retail and apartment complex urged the Fifth Circuit to deny its foreign and domestic insurers' request to arbitrate a $7 million dispute over Hurricane Ida damage, arguing the insurers incorrectly construed the policies as one to force arbitration under international rules.

Expert Analysis

  • Insurance Cos. Are Stretching Construction Standard Limits

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    In the construction sector, the importance of closely vetting downstream parties' insurance policies has never been more critical — owners and general contractors need to be on the lookout for ever broader carrier-specific expansions of standard insurance provisions that are perilous for risk transfer, says Eric Clarkson at Saxe Doernberger.

  • Potential WeWork Bankruptcy May Disrupt Coworking Spaces

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    If WeWork files for bankruptcy, as hinted at in its recent quarterly earnings report, landlords may struggle to take over management of WeWork's coworking spaces, but the coworking industry as a whole is showing some promise in adapting to the market's evolving post-pandemic office needs, says Ann Chandler at Hall Estill.

  • How New Lawyers Can Leverage Feedback For Growth

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    Embracing constructive criticism as a tool for success can help new lawyers accelerate their professional growth and law firms build a culture of continuous improvement, says Katie Aldrich at Fringe Professional Development.

  • A Cautionary Tale Of Flawed Debt Accounting And SEC Fines

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    The U.S. Securities and Exchange Commission's recent improper-accounting charges against Malvern Bancorp and its ex-CFO highlight crucial practice issues, including the need to objectively evaluate borrowers' credit, say attorneys at Arnold & Porter.

  • ESG Around The World: Australia

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    Clive Cachia and Cathy Ma at K&L Gates detail ESG-reporting policies in Australia and explain how the country is starting to introduce mandatory requirements as ESG performance is increasingly seen as a key investment and corporate differentiator in the fight for global capital.

  • Bat's Newly Endangered Status Likely To Slow Development

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    A recent change in the classification of the northern long-eared bat from "threatened" to "endangered" could have significant effects on development in large portions of the Eastern and Southeastern U.S. — and in the absence of straightforward guidelines, developers will have to assess each project individually, says Peter McGrath at Moore & Van Allen.

  • Twitter Legal Fees Suit Offers Crash Course In Billing Ethics

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    X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.

  • Litigation Can Facilitate EB-5 Investor Visa Determinations

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    Processing times in the EB-5 investor visa program continue to rise, but filing a mandamus claim in the right venue against U.S. Citizenship and Immigration Services may offer applicants mired in delay a means to expedite processing, says Mark Stevens at Clark Hill.

  • ABA's Money-Laundering Resolution Is A Balancing Act

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    While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.

  • Regulators Must Get Creative To Keep Groundwater Flowing

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    Even as populations have boomed in Sun Belt states like Arizona, California and Texas, groundwater levels have diminished due to drought and overuse — so regulators must explore options including pumping limits, groundwater replenishment and wastewater reuse to ensure future supplies for residential and commercial needs, says Jeffrey Davis at Integral Consulting.

  • Law Firm Professional Development Steps To Thrive In AI Era

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    As generative artificial intelligence tools rapidly evolve, professional development leaders are instrumental in preparing law firms for the paradigm shifts ahead, and should consider three strategies to help empower legal talent with the skills required to succeed in an increasingly complex technological landscape, say Steve Gluckman and Anusia Gillespie at SkillBurst Interactive.

  • Key Provisions In Florida's New Insurer Accountability Act

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    Florida's recent bipartisan Insurer Accountability Act introduces a range of new obligations for insurance companies and regulatory bodies to strengthen consumer protection, and other states may follow suit should it prove successful at ensuring a reliable insurance market, say Jan Larson and Benjamin Malings at Jenner & Block.

  • Best Practices For Lenders To Limit Recourse Liability

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    As projects face loan maturities in a higher interest rate environment, lenders should diligently observe even seemingly innocuous formalities following an event of default in order to minimize potential recourse liability, especially when borrowers have certain covenants, say Ryan Goins and Matthias Kleinsasser at Winstead.