News & Analysis as of

Municipalities Personal Liability

Best Best & Krieger LLP

$6 Million Fine for Trustee Who Knowingly Allowed Illegal Cannabis Dispensaries on Property Owned by Trust

California Appellate Court Says Trustee Can be Held Personally Liable - A trustee can be held personally liable for flagrant violations of a city’s zoning code, a California appellate court held last week. When a person acts...more

BCLP

U.S. COVID-19: New York City Enacts Legislation with Ramifications for Commercial Leases

BCLP on

Oh May 26, 2020, Mayor DeBlasio signed into law two of the three bills discussed in our previous alert aimed at providing relief to commercial tenants due to the pandemic crisis. Both laws will go into effect immediately....more

Bracewell LLP

SEC Secures Federal Judge Order Against Mayor Based on Control Person Liability

Bracewell LLP on

On January 28, 2015, the United States District Court for the Eastern District of Michigan entered a final judgment against Gary Burtka, the former mayor of Allen Park, Michigan, upholding the Security and Exchange Commission...more

Hinshaw & Culbertson LLP

A Judgment Cannot Not Lie Against Attorney Who is a Non Party

Hinshaw & Culbertson LLP on

In Suarez v. City of Corona, 2014 DJDAR 12101, the California Court of Appeal for the Fourth Appellate District decided an interesting case concerning the interpretation of California Code of Civil Procedure Section 1038....more

Bracewell LLP

Participation Not Required: SEC Charges Mayor as Control Person in Municipal Bond Offering

Bracewell LLP on

In an unprecedented exercise of its authority to charge municipal officials with “control person” liability, the Securities and Exchange Commission (SEC) recently announced fraud charges against the City of Allen Park,...more

Burr & Forman

SEC Ramps Up Municipal Enforcement

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The SEC continues to ramp up its Enforcement efforts in the municipal-securities realm. The agency announced a series of settled actions on November 6....more

Troutman Pepper

Public Officials, Financial Disclosure And A New Era Of Liability

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The Securities and Exchange Commission is making it clear: Government leaders who issue misleading financial information are putting themselves at risk. Several recent actions by the Securities and Exchange Commission...more

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