According to news sources, Texas lawmakers are working to make business disputes easier for companies and lawyers. Governor Greg Abbott introduced a bill that would allow the state to have its own business court system, which are trial courts that hear business disputes. Business attorneys said solving disputes out of state can get expensive because […]
According to news sources, TD Bank and two other banks have agreed to pay a combined $1.35 billion to settle a lawsuit accusing them of aiding disgraced financier Allen Stanford’s $7 billion Ponzi scheme. TD Bank, or Toronto-Dominion Bank, agreed to pay $1.2 billion. HSBC Holdings is set to pay $40 million and Independent Bank […]
According to news sources, the number of big office landlords defaulting on their loans is on the rise, fresh evidence that more developers believe that remote and hybrid work habits have permanently impaired the office market. The giant investment manager Brookfield Asset Management recently defaulted on a total of over $750 million in debt for a […]
Can hotel owners and short-term rental operators marry their interests? A legal battle in New Orleans over the famous Jung Hotel illustrates some key challenges. According to news sources, in 2018, New Orleans real estate developer Joe Jaeger inked a deal to ensure that the millions of dollars he spent renovating 111 luxury apartments in the […]