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Daily Business Review

Kurz Real Estate Broker Stumbles Upon Rare Portfolio in Miami

Erick Vargas of Kurz Real Estate Corp. introduced his client to a rare real estate opportunity in Miami-Dade County: a 35-property portfolio he happened to stumble upon.
2 minute read

The Legal Intelligencer

Yenchi v. Ameriprise Financial, Inc., PICS Case No. 17-0964 (Pa. June 20, 2017) Donohue, J., Todd, J. (dissenting) (25 pages).

Superior Court erred in reversing the trial court's grant of summary judgment to defendants on whether there was a fiduciary relationship between the parties because a fiduciary relationship arose in the context of consumer transactions only if one party ceded decision-making authority to the other party and that did not occur in this case. Reversed in part.
3 minute read

Daily Business Review

ONE Sotheby's Takes Over Turnberry International Realty

ONE Sotheby's International Realty purchases the Aventura brokerage with 100 agents.
2 minute read

The Legal Intelligencer

Chaborek v. Allstate Financial Services, LLC, et al, PICS Case No. 17-0945 (E.D. Pa. June 5, 2017) McHugh, J. (9 pages).

Plaintiff sufficiently plead at least two potentially successful claims against defendants for fraud and negligent misrepresentation; therefore, defendants failed to satisfy their heavy burden of persuading the court that plaintiff fraudulently joined them as part of his lawsuit to defeat diversity jurisdiction. The court granted plaintiff's motion to remand.
3 minute read

Connecticut Law Tribune

Virtual Currency 'Miners' Ordered to Pay $12.4 Million

A Ponzi scheme involving online currency has come to a crashing halt with two Connecticut technology companies hit with a $12.4 million default judgment.
4 minute read

Daily Business Review

Colliers Matches Buyer to Unlisted Apartment Complex

Larry Stockton was able to persuade longtime owners to sell a West Kendall apartment complex for $61 million.
7 minute read

The Legal Intelligencer

Winston House, LLC v. W.G.L. Ltd. Partnership, PICS Case No. 17-0723 (C.P. Monroe Feb. 23, 2017) Williamson, J. (5 pages).

A claim against a limited partnership was barred because it was not brought within two years of the dissolution of the partnership. Plaintiff's breach of contract claims against the limited partners did not allege knowing participation in wrongful conduct, so the court dismissed those claims.
3 minute read

National Law Journal

CSBS' Margaret Liu On Bank Regulators' Vision 2020 for Fintechs

Margaret Liu, deputy general counsel of the Conference of State Bank Supervisors, speaks about her organization's new regulatory plan for nonbanks such as fintechs.
6 minute read

Corporate Counsel

Ex-Credit Suisse Litigation Head, Now at Cahill, Predicts Trends in US Financial Enforcement

Pierre Gentin, former head of global litigation and regulatory investigations for Swiss-based Credit Suisse AG bank and now a partner in the litigation group at Cahill Gordon & Reindel, previews his upcoming talk Wednesday at the University of Zurich Financial Market Regulation Forum.
5 minute read

National Law Journal

Whistleblower Pockets $4 Million SEC Award

A whistleblower who tipped the agency with information about serious securities misconduct—which was not identified by the U.S. Securities and Exchange Commission—was rewarded with a $4 million award.
3 minute read

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