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New York Law Journal

Foreclosure Title: Subject to Senior Mortgage?

Jason Bergman advises parties on how the failure to specifically identify an encumbrance that is senior to the foreclosed mortgage can be fatal to the foreclosure sale.
5 minute read

New York Law Journal

Strawberries on Lex: Considerations for Financing an Office Building to Vertical Farming Conversion

While the potential advantages of converting office buildings into residential spaces are widely acknowledged, such conversions can be financially burdensome and present structural difficulties, often requiring a complete overhaul of existing floor plans and resulting in awkward layouts. As a result, another trend gaining traction in cities nationwide is repurposing office buildings for agricultural use and creating farms in urban centers.
6 minute read

Law.com

Divided 10th Circuit Reverses $1.5M in Sanctions Imposed on 2 Law Firms

"Attorneys have an independent duty to continually reevaluate their claims to avoid prolonging a meritless case," stated Judge Timothy M. Tymkovich in his dissent. "The failure to do so is sanctionable. Here, plaintiffs' counsel failed to avoid prolonging a meritless case."
5 minute read

New Jersey Law Journal

The Updated Uniform Mortgage: A Mortgage Reinstatement Game Changer

The new Updated Uniform Mortgage—the most widely used form of mortgage in New Jersey today—is a gamechanger. Except for violation of the due-on-transfer clause, Section 20 gives a borrower an unlimited right to reinstate a defaulted, accelerated mortgage loan until five days before any foreclosure sale.
8 minute read

New York Law Journal

What Comes Next for Sections 11 and 12(a)(2) After 'Slack'?

In a follow-up to their article published in June, the authors discuss two questions raised but not fully answered in Slack: probabilistic pleading under Section 11 of the 1933 Act and the proper construction of Section 12 of the 1933 Act.
7 minute read

New York Law Journal

Suit Accusing Citibank of Aiding and Abetting Fraud Scheme Will Proceed in Manhattan Federal Court

U.S. District Judge Gregory Woods noted that both parties expended "much effort" discussing Citibank's internal controls but indicated he would have preferred a different focus.
3 minute read

Daily Report Online

Fulton Sheriff Files 7 Suits Against Tax Commissioner, Seeking Tax Funds

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Report Online

Divorcing Celebrity Atlanta Couple Sues Truist Over Home's Pending Foreclosure

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Business Review

Miami Lawyers Face Off Against the 'Hand of God'

"We know that some people will always defend [Diego] Maradona no matter what, and that is not only fine, but also beside the point of this case," attorney Paula Aguila said.
4 minute read

Law.com

Report: 91% Want Digital Payments of Class Action and Mass Tort Settlement Funds

The inaugural "Digital Payments in Class Actions and Mass Torts" report, released on Monday by Western Alliance Bank's Digital Disbursements, found 170 settlements had a digital payment option in 2022, up from two in 2019.
5 minute read

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