January 06, 2015 | Connecticut Law Tribune
Bus Companies Challenge State's Novel Use of Eminent DomainConnecticut is no stranger to landmark eminent domain disputes, with the U.S. Supreme Court having ruled in 2005 that the city of New London could shift from one private owner to another in order to further economic development.
By Amaris Elliott-Engel
4 minute read
January 05, 2015 | Commercial Litigation Insider
UPDATED: Judge Rules Right of First Refusal Not Triggered By ForeclosureA judicial mortgage foreclosure does not trigger the contractual right of first refusal to buy real estate that is on the market, a Manhattan Commercial Division judge has ruled on an issue of first impression in the First Department.
By Amaris Elliott-Engel
5 minute read
January 05, 2015 | Commercial Litigation Insider
UPDATED: Judge Rules Right of First Refusal Not Triggered By ForeclosureA judicial mortgage foreclosure does not trigger the contractual right of first refusal to buy real estate that is on the market, a Manhattan Commercial Division judge has ruled on an issue of first impression in the First Department.
By Amaris Elliott-Engel
5 minute read
January 04, 2015 | Commercial Litigation Insider
Kornreich Reaffirms Skepticism Toward Marketability DiscountsManhattan Commercial Division Justice Shirley Werner Kornreich has questioned the practice of applying a discount to the value of stakes in closely held corporations because they are not easily sold.
By Amaris Elliott-Engel
6 minute read
January 04, 2015 | Commercial Litigation Insider
Kornreich Reaffirms Skepticism Toward Marketability DiscountsManhattan Commercial Division Justice Shirley Werner Kornreich has questioned the practice of applying a discount to the value of stakes in closely held corporations because they are not easily sold.
By Amaris Elliott-Engel
6 minute read
January 02, 2015 | New York Law Journal
Judge Rejects Verizon's Settlement of Shareholders' LawsuitIn a highly critical opinion, Justice Melvin L. Schweitzer said the case was an example of the rising tide of litigation that comes with every public acquisition in which a settlement benefits the class counsel financially and helps the defense by ending the litigation but enables "an unwarranted divestiture of shareholder rights."
By Amaris Elliott-Engel
5 minute read
January 02, 2015 | New York Law Journal
Judge Rejects Verizon's Settlement of Shareholders' LawsuitIn a highly critical opinion, Justice Melvin L. Schweitzer said the case was an example of the rising tide of litigation that comes with every public acquisition in which a settlement benefits the class counsel financially and helps the defense by ending the litigation but enables "an unwarranted divestiture of shareholder rights."
By Amaris Elliott-Engel
5 minute read
December 30, 2014 | Commercial Litigation Insider
Next Step Taken to Finalize Citigroup $1.1 Billion RMBS SettlementCitigroup will resolve another round of residential mortgage-backed securities litigation for $1.13 billion, as long as Manhattan Commercial Division Justice Marcy S. Friedman signs off on the deal.
By Amaris Elliott-Engel
3 minute read
December 30, 2014 | Commercial Litigation Insider
Next Step Taken to Finalize Citigroup $1.1 Billion RMBS SettlementCitigroup will resolve another round of residential mortgage-backed securities litigation for $1.13 billion, as long as Manhattan Commercial Division Justice Marcy S. Friedman signs off on the deal.
By Amaris Elliott-Engel
3 minute read
December 29, 2014 | Commercial Litigation Insider
Judge Rejects Verizon Shareholder SettlementA Manhattan Commercial Division judge has scuttled a non-monetary settlement of a class action brought by shareholders objecting to Verizon Communications' $130 billion acquisition of Vodafone's stake in the American telecom's wireless business. The decision also wipes out $2 million in attorney fees and costs for plaintiffs' law firm Faruqi & Faruqi.
By Amaris Elliott-Engel
5 minute read
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