Law Advice

NEW YORK – An investment firm being sued by shareholders said in a New York federal court on Jan. 31 that the shareholders’ derivative suit should be dismissed because they have failed to show that the directors and officers of the firm are not independent of their decisions (Brautigam v. Blankfein, et al., No. 11-cv-04544, [...]

A Sign Law Spurs Investment in PhiladelphiaNew York TimesPHILADELPHIA — An influx of new residents, stores, restaurants and hotels in Center City has largely bypassed Market East, the blocks of Market Street east of City Hall to Independence Mall. Plans for the area have included shiny glass retail …and more » View full post on law [...]

Sign Law Spurs Investment in PhiladelphiaNew York TimesPHILADELPHIA — An influx of new residents, stores, restaurants and hotels in downtown Center City has largely bypassed Market East, the blocks of Market Street east of City Hall to Independence Mall. Plans for the area have included shiny glass retail …and more » View full post on law [...]

NEW ORLEANS – The Fifth Circuit U.S Court of Appeals on Jan. 5 found that a district court did not err when it compelled arbitration in London of an investment dispute even though one party was not an American citizen, finding that the commercial relationship between the parties had a reasonable relationship to foreign states [...]

WASHINGTON, D.C. – The U.S. Supreme Court on Jan. 9 declined to review a Sixth Circuit U.S. Court of Appeals opinion affirming summary judgment in favor of a 401(k) plan’s directed trustee on participants’ claim that they suffered losses because the trustee failed to inform them of their investment adviser’s fraudulent activities, finding that the [...]

Legal costs eat into profits at investment companyIrish TimesPROVISION FOR a legal action brought by an investor have knocked a hole in profits at one of BNY Mellon's Dublin operations last year. Profits before tax at BNY Mellon Investment Servicing (International) came to $1.47 million in 2010, down nearly 80 …and more » View full post [...]

Investment firms playing role in legal fieldWashington PostNew York-based Burford Group, part of a burgeoning field known as alternative legal financing, is one of several third-party litigation funders gaining traction among the corporate clients of Washington law firms. Burford raises capital from hedge … View full post on legal – Google News

CAPCO investment law gets another shotAtlanta Journal ConstitutionA potentially costly and controversial investment law that was killed seven years ago appears to have wandered off the set of “The Walking Dead” and back into the state Legislature. Jason Getz jgetz@ajc.com State Rep. …and more » View full post on law – Google News

The Birmingham News – al.com (blog) Immigration law raises worries over foreign investment in AlabamaThe Birmingham News – al.com (blog)But there is growing concern that the state's sweeping new immigration law could unravel that carefully crafted reputation. Last week's arrest of a Mercedes-Benz manager, who was visiting Alabama from Germany, is an embarrassment for state [...]

Three former NFL players have filed suit against Greenberg Traurig and one of its Florida shareholders, claiming the law firm failed to warn them against investing in an Alabama casino that turned out to be a scam. A fourth player filed suit against the financial advisers in the casino deal. View full post on Law.com [...]