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Good Faith Raises Important Issues in Settlement Offers
An offer of settlement can be a powerful litigation tool. Under O.C.G.A. § 9-11-68, if a litigant rejects a written offer to settle tort claims and subsequently obtains a verdict that is less favorable than the settlement offer, the litigant may be required to pay the other party's attorney fees. The purpose is to encourage settlement by creating an added financial risk.Dealmakers of the Week: Proskauer's Fass and Lichtenfeld
Proskauer Rose advised American Realty Capital Properties on its acquisition of rival real estate investment trust Cole Real Estate Investments in a cash and stock deal worth $11.2 billion, including assumed debt.Seven Firms Converge on $11.2 Billion REIT Deal
After being rebuffed earlier this year on its previous takeover offer, American Realty Capital Properties has finally reached an agreement to buy Cole Real Estate Investments in a transaction that creates the country's largest real estate investment trust (REIT) in the net lease sector. Proskauer Rose is advising American Realty while Fried Frank, Morris, Manning & Martin, Sullivan & Cromwell, Venable, Wachtell, and Weil also landed roles on the deal.3 Lawyers Honored by Vermont Captive Insurance Association
The Vermont Captive Insurance Association has honored three lawyers at its annual conference:Industry Service Award: James T. McIntyre, a partner at McIntyre…Approval of Dewey Bankruptcy Plan Clears Way for Distribution of Funds
The plan calls for Dewey's secured creditors - a group that collectively holds nearly $262 million in claims - to be paid roughly 47 cents to 77 cents for each $1 they are owed.The Churn: Lateral Moves and Promotions in The Am Law 200
Updated Special Report: Crisis on Wall Street
As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on the firms handling the bankruptcies, the fate of in-house legal teams, and the legal implications, economic domino effect and other ramifications for lawyers and the legal profession. Check back for regular updates from ALM publications.Trending Stories
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Lex Machina Contracts: Commercial Litigation Report 2024
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