Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video] by Bloomberg Law on 5/17/2012 May 17 (Bloomberg Law) -- Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director...more
How to Create the Most Effective Demonstratives for Real Estate Cases by Cogent Legal on 5/17/2012 At Cogent Legal, real estate and land use cases are among our favorite to support. They can offer up rich and tangible imagery to shape for jury scrutiny. Not surprisingly, trial teams for such cases, on occasion, come to us...more
Western District of Pennsylvania Limits Party’s Ability to Recover Response Costs by Sedgwick LLP on 5/16/2012 The U.S. District Court for the Western District of Pennsylvania determined that a potentially responsible party conducting a site cleanup pursuant to both a state court order and an administrative settlement with a state...more
Church Members Prohibited From Soliciting Donations In Front Of Grocery Store by Kronick, Moskovitz, Tiedemann & Girard on 5/16/2012 Church members can be permanently barred from soliciting donations outside a stand-alone grocery store, under a recent court of appeal ruling (Ralphs Grocery Company v. Missionary Church of the Disciples of Christ (---...more
Jumping Into the Future: New Jersey’s New Recording Law by Robert Marsico on 5/16/2012 Jumping Into the Future: New Jersey’s New Recording Law by Bob Marsico on May 16, 2012 Early in 2012, the State of New Jersey took a significant step into the future by adopting a thorough update of the state’s decades...more
Innovations and Opportunities in Energy Efficiency Finance by Wilson Sonsini Goodrich & Rosati on 5/16/2012 The purpose of this white paper is to discuss key concepts in energy efficiency finance, with a focus on emerging solutions to long-standing barriers to financing projects in the United States, as well as the specific...more
Florida Housing Industry: What Will the Future Hold? Experts Are Forecasting Growth in Rental Properties and Downsizing Lifestyles by Rosa Eckstein Schechter on 5/16/2012 Florida's housing industry has been one of the hardest hit in the country, and what happens to Florida housing markets impacts both residential and commercial real estate developments as well as many other sectors of the...more
California Equitable Easements. When they apply, and the three step test for establishing one. by James J. Falcone on 5/14/2012 California courts have generally provided for equitable easements when the requirements for a prescriptive easement or adverse possession were not present. This article discusses a recent decision the court granted an...more
Breaking News: Insurance Coverage for "Hidden" Mechanics' and Materialmen's Lien Claims in North Carolina is Disappearing by Poyner Spruill LLP on 5/14/2012 Even in good economic times, lien claims asserted by subcontractors and material suppliers abound and lead to costly disputes. As in many states, North Carolina’s materialmen’s lien statutes create a system where “hidden” or...more
Final 2011 Cook County Equalization Factor Released by Franczek Radelet P.C. on 5/14/2012 The Illinois Department of Revenue has released the final 2011 Cook County equalization factor. The factor for 2011 is 2.9706. The press release from the Department of Revenue is available here. The preliminary...more
California Prescriptive Easements and Adverse Possession -How They Are Created, & When You Cannot Get An Exclusive Easement by James J. Falcone on 5/11/2012 California prescriptive easement adverse possession and law has evolved evolution in California since its rural beginnings. Once applied primarily to acreage, farm and forest, it is now commonly addressed in urban areas. ...more
WAshington Deed of Trust Act - Changes and Current Developments by Scott Osborne on 5/11/2012 Summary of the Washington Deed of Trust Act from its enactment in 1965 through current amendments in 2012. Includes all reported decisions citing the Act by Washington state and federal courts. Prepared for Washington State...more
"Purely Public Charities" in Pennsylvania. Back to the future – again. by Saul Ewing LLP on 5/10/2012 A recent Pennsylvania Supreme Court decision has rekindled the issue of what constitutes a "purely public charity" for real estate tax exemption purposes in Pennsylvania. The decision may lead to a renewed interest of school...more
HB1013 Effective July 1, 2012 - Governor Scott and Florida Legislature Tell Florida Appellate Court No Dice on Extending Implied... by Rosa Eckstein Schechter on 5/9/2012 HB1013 in the Florida Legislature has been closely monitored by many in the Florida real estate industry (check out our earlier post from February 2012 for details) and now, it's a done deal....more
Back to the Future for Real Estate Tax Exemptions and PILOTs/SILOTs? Charities Must Meet HUP Test and Act 55, Pennsylvania High... by Ballard Spahr LLP on 5/8/2012 For charitable organizations in Pennsylvania, obtaining and preserving real estate tax exemptions just got a little more difficult. The Pennsylvania Supreme Court has ruled that the statute intended to clarify the...more