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The American Lawyer

Am Law Duo Put to Bed $1.3 Billion Hotel Venture

Wachtell and Schulte Roth are advising on the sale of a portfolio of hotel properties by Chatham Lodging Trust and Cerberus Capital Management to a new joint venture led by Chatham and NorthStar Realty Finance Corp.
4 minute read

The American Lawyer

Corporate Scorecard 2014

By | April 04, 2014
An interactive chart package ranking firms in nine key practice areas for their work in 2013—a year in which dealmaking was just so-so in much of the world and the volume of global mergers and acquisitions fell to its lowest level since 2009.
1 minute read

Daily Business Review

Greenberg Fights Subpoena Seeking Clawback Money From Partner

Greenberg Traurig's Boca Raton managing partner Bruce Rosetto is being sued by a Michigan receiver to claw back money from an alleged $80 million Ponzi scheme. Greenberg is trying to quash the receiver's subpoena.
6 minute read

The American Lawyer

FINRA Fines LPL Financial for Supervisory Deficiencies

The Financial Industry Regulatory Authority announced on Monday that it has hit LPL Financial with a $950,000 fine for supervisory deficiencies in sales of alternative investments, including non-traded REITs, oil and gas partnerships, business development companies, hedge funds, managed futures and other illiquid investments.
2 minute read

The American Lawyer

Securities America Faces Second State-Level Probe

Securities America Inc. is facing its second inquiry into non-traded real estate investment trusts sales from a state securities regulator, this time by the Pennsylvania Department of Banking and Securities, Investment News reports.
2 minute read

The American Lawyer

CommonWealth REIT's Shareholders Vote to Oust Board

Following more than a year of prodding by a hedge fund and a real estate developer eager for change, the father-and-son team that controlled real estate investment trust CommonWealth REIT has been ousted, The New York Times reports.
2 minute read

The American Lawyer

Trade Group Seeks Delay in Non-Traded REITs Rule

The non-traded real estate investment trust industry wants to push back the implementation of a proposed Financial Industry Regulation Authority rule change until the end of the next year, Investment News reports.
2 minute read

The American Lawyer

Financial Adviser Sanctioned Over High Risk Investment Sales

The Financial Industry Regulatory Authority has sanctioned financial adviser John Towers of VSR Financial Services Inc. over allegations that he sold more than $6 million in high risk investments to a wealthy couple, including oil and gas interests, real estate investment trusts and other speculative private placement investments.
2 minute read

The American Lawyer

Broker Barred Over Non-Traded REIT Sales

Former LPL Financial Inc. broker Gary Chackman has been barred after the Financial Industry Regulatory Authority cited him for several violations of securities industry rules in relation to the sale of non-traded real estate investment trusts.
3 minute read

International Edition

Asia Deal Digest: February 27, 2014

* Skadden guides Holland's Vitol on $2.6 billion acquisition of Shell assets in Australia* Herbert Smith Freehills advises Chinese copper recycler on Hong Kong IPO* Wilmer and Amarchand team for $110 million Web hosting acquisition in India
7 minute read

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