A French client says he wired $3.8 million to a Miami Beach, Fla., real estate attorney’s trust account, with instructions to form six corporations and buy six condos by 2006.
The Solicitors Regulation Authority reportedly has launched an investigation of 40 to 60 unnamed lawyers in the United Kingdom for possible mortgage fraud.
Next month, a limited phase-in of newly revised international banking standards known as “Basel II,” after the Swiss city in which they were developed, is planned in the U.S. The…
Today is the deadline for 13 unlucky associates in Dechert’s finance and real estate group to decide whether to accept a severance package or shift to a busier practice area.
In a highly unusual action, U.S. trustees in three states are seeking sanctions against Countrywide Financial Corp., contending that the major mortgage lender has abused the bankruptcy process by making…
The New York associate who filed a gay bias suit against Sullivan & Cromwell has apparently landed on his feet, and he’ll be using them to take the elevator to…
One way to resolve the current mortgage meltdown is for lenders to work with borrowers and modify their home loans to make them affordable. This can be in the lender’s…
In what is being hailed as a landmark ruling, a Massachusetts judge has prohibited a subprime mortgage lender from foreclosing on an entire class of “structurally unfair” loans there before…
Unless you buy for cash, purchasing a home involves signing a mountain of mortgage paperwork detailing the terms of the loan. Ironically, this means that many buyers don’t understand even…
A six-year legal battle over a California couple’s beloved redwoods has ended in defeat for them and victory for a next-door neighbor who says the too-shady trees interfered with the…
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.