Privately held real estate companies often have structures that don’t fit the traditional corporate mold. Understand professional liability in the world of real estate and hospitality.
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Complex real estate transactions gone awry can produce lengthy litigation. Even low value, frivolous situations can quickly become protracted litigation with large dollars being spent on what seems like endless defense.
The market is always fluctuating, and though some anticipated a significant market tightening in 2018 as a result of the catastrophic events that occurred at the end of 2017, the threat of a near term correction has largely dissipated.
Recently, the U.S. Court of Appeals for the Second Circuit, applying New York law, and the U.S. Court of Appeals for the Sixth Circuit, applying Michigan law, respectively, agreed with an insured that the computer fraud provisions of a crime policy covered the loss incurred when the company’s employees transferred funds in response to a spoofed email.
At annual enrollment HR must communicate with employees and complete a variety of administrative activities in a very short time. Our 1-hour recorded webinar is designed to help HR professionals with this year’s annual enrollment process.
This market update will identify and evaluate factors contributing to market conditions and detail the state of the current market and future expectations for public company D&O.
The purpose of this paper is to explain the basis of liability for a public company, discuss the D&O marketplace with respect to IPO exposures, and set forth what you can expect from us as your broker in the process.
While this sounds like a fairly conventional shareholder securities, case, what sets it apart is is that the defendant is a real estate investment trust. Such trusts, while occasionally traded publicly, are often not considered targets of shareholder suits. As is represented in this case, this belief is short sighted. There are no exemptions in the federal or state securities law for real estate trusts.
As of January 1, 2018, hospitality employers in the city of Chicago must provide “panic buttons” for room attendants and restroom workers who work alone.
One of Janet Yellen’s last acts as head of the Federal Reserve was to impose an unusual settlement condition upon Wells Fargo: as part of the consent decree, Wells Fargo would agree to the removal of four directors.