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Crowdfunding property deals on horizon with JOBS Act
The JOBS Act probably will lead to more property-investing programs like those being pioneered by Fundrise, a startup that recently raised $325,000 from 175 people, giving them a 28 percent stake in a two-story building the firm bought in its home city of Washington.Cite as: Ideal Steel Supply Corp. v. Anza, 09-3212-cv, NYLJ 1202498880176, at *1 (2d Cir., Decided June 28, 2011)Before: Kearse, Walker, and Cabranes, C.JJ.
Cite as: European Community v. RJR Nabisco, 02-CV-5771 (NGG) (VVP), NYLJ 1202494361018, at *1 (EDNY, Decided May 12, 2011)U.S. District Judge Nicholas G. Garau
CNN Loses Battle Over Release of Video
CNN has not only lost its battle to keep from releasing unaired video footage subpoenaed by lawyers in a personal injury suit, but the news network's counsel also have been rapped for not requesting in camera review of the footage until after the judge ruled against them. U.S. District Judge Thomas Thrash wrote in his order denying the network's motion for reconsideration that "nearly all" of CNN's arguments could have been presented prior to his ruling from the bench and his ensuing written order.Trending Stories
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