Hotel Investment Firm Settles SEC Claims Of $86M Fraud
A hotel investment firm and its founder have settled claims brought by the U.S. Securities and Exchange Commission accusing the company of raising about $86 million through "deceptive conduct," with a Texas fe... (more story)
Diocese Says Feds Already Working On Land Before Taking
Attorneys for the Catholic Diocese of Las Cruces in New Mexico clashed with the government Friday over reports that Border Patrol contractors are already working on a stretch of church-owned land the governmen... (more story)
EB-5 Leaders Talk Sunset Deadlines, Green Card Turmoil
Organizers of an annual conference focused on the EB-5 investment visa program stressed a theme of optimism at the event last week in Miami, but even as the program appears to have overcome many of its own pas... (more story)
Site Redeveloper Fined $500K For Illegal Asbestos Demolition
A redevelopment firm that admitted it commenced demolition work at a former automotive plant in Saginaw, Michigan, without first remediating asbestos was sentenced Friday to pay a $500,000 criminal fine and se... (more story)
Developers Say Bank Shared Financials On Debt Buyer Site
A pair of well-known Boston real estate developers claimed in a lawsuit Friday that Eastern Bank and debt marketplace DebtX publicly disclosed personal financial statements they had submitted in support of a c... (more story)
Wash. Judge Vacates 'Blank Check' $630M Timeshare Deal
A Washington federal judge Friday undid a $630 million settlement in a timeshare consumer class action, deeming it a "blank check" agreement based on unreliable damages estimates that the litigation parties re... (more story)
Saks Global OK To Exit Bankruptcy With $500M, Rebound Plan
A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.