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July 18, 2023 | Law.com

Master May Not Be Sued in Lieu of Series LLC, Nevada Supreme Court Tells 9th Circuit

"When these statutory provisions are met, series LLCs are treated as entities separate from the master LLC for purposes of suing and being sued," stated Justice Linda Marie Bell, in her written opinion for the court.
5 minute read
May 25, 2023 | Corporate Counsel

Freddie Mac's Top Lawyer to Head Everest Re's Legal Team

Ricardo Anzaldua is taking the legal reins of Bermuda-based Everest after gaining deep experience at some of the nation's best-known insurers.
2 minute read
April 21, 2023 | New Jersey Law Journal

With No Waiver, Are Residential Borrowers Entitled to a Credit Against Interest for Taxes Paid?

It is this article's thesis that Rosenbaum was wrongly decided: that the credit, unless waived, is still viable. Simply put, why would the Legislature afford borrowers a credit against interest payable on their mortgages that was inapplicable to all mortgages?
8 minute read
U.S. Bank Nat'l Ass'n v. B-R Penn Realty Owner, L.P.
Publication Date: 2023-03-20
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Real Estate
Court: U.S. District Court for Pennsylvania - Eastern
Judge: District Judge Beetlestone
Attorneys:
For plaintiff:
For defendant:
Case number: 21-0502

Plaintiff sued to foreclose defendant's commercial mortgage on the grounds defendant failed to resume making monthly payments following a six-month forbearance and court found defendant breached the agreement by failing to resume payments, plaintiff did not anticipatorily repudiate or materially breach the loan agreements, defendant's breach was not excused on the grounds of unclean hands and specific performance setting a new repayments schedule was not warranted. Foreclosure granted.

March 14, 2023 | Delaware Business Court Insider

SVB Let Chief Risk Officer Post Sit Vacant for Months As Risks Skyrocketed

"It's like having an airplane without a pilot or a ship without a captain. It will move, but to what direction?" said Charles Elson, a retired professor of corporate governance at the University of Delaware.
6 minute read
Law Journal Press | Digital Book Florida Community Association Litigation: Homeowners’ Associations and Condominiums 2019 Authors: Ron M. Campbell View this Book

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March 14, 2023 | Corporate Counsel

As SVB's Risks Skyrocketed, Bank Let Chief Risk Officer Post Sit Vacant for Months

"It's like having an airplane without a pilot or a ship without a captain. It will move, but to what direction?" said Charles Elson, a retired professor of corporate governance at the University of Delaware.
6 minute read
February 21, 2023 | Daily Business Review

Insolvent Insurer United Property & Casualty Headed to Receivership

United Property & Casualty has faced deep financial problems for months, including announcing in August that it would exit Florida's troubled homeowners' insurance market.
4 minute read
January 06, 2023 | New York Law Journal

Can the Foreclosure Abuse Prevention Act Survive a Constitutional Challenge?

The Act arguably violates both Substantive Due Process under the Fourteenth Amendment and the Contracts Clause. Perhaps Governor Hochul did not previously sign the Act into law, despite its passage in May 2022, because of these constitutional issues, as well as other issues that plague the legislation. Needless to say, this is not the end of the story, as the Act will be litigated.
10 minute read
December 22, 2022 | New York Law Journal

Widespread Racial Bias Found in Home Appraisals. Increasing Diversity Will Diminish This Bias.

Racially based appraisal bias is a well-documented and pervasive issue that has long contributed to the widening wealth gap for Black families. This article discusses the issue and offers that the answer to reducing appraisal bias on racial grounds is to expand opportunities for Black real estate professionals.
7 minute read
December 19, 2022 | New York Law Journal

Finding a Fix to the Housing Crisis: Subsidized Housing Is a Slice of the Solution

As the current housing crisis continues to deplete the inventory of affordable rentals, state and local authorities are under increasing pressure to produce government-subsidized housing.
7 minute read

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