Home furnishings chain Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection on February 17. In connection with the Chapter 11 filing, the Texas-based company received a commitment of approximately $256 million in debtor-in-possession financing from Bank of America … Continue reading →
A co-tenancy clause in a retail lease offers the tenant remedies such as rent reduction and/or lease termination if either a certain percentage of the gross leasable area (or otherwise specified area) of the shopping center fails to remain open … Continue reading →
On June 24, the White House issued an executive order aimed at improving price transparency in health care. The order directs the Secretary of Health and Human Services to propose regulation to require hospitals to publicly post standard charge information, … Continue reading →
In Knick v. Twp. of Scott, Pennsylvania, decided on June 21, 2019, the U.S. Supreme Court ruled that property owners have an actionable Fifth Amendment takings claim when the government takes their property without paying for it, and therefore may … Continue reading →
On June 14, the New York State Legislature passed and Gov. Cuomo signed into law, the Housing Stability and Tenant Protection Act of 2019 (S6458). Some of the law’s provisions are noted below: Repeal of vacancy decontrol and high-income deregulation: … Continue reading →
The average price of glasses purchased in the U.S. is in the hundreds – $238 for frames, $113 for lenses and $201 for an eye exam, according to CNBC (citing data from VSP Vision Care). A possible reason for the … Continue reading →
Over half of all credit cards are issued by the “big four” banks: JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America, according to Forbes. Swipe fees – which range between 1.5 percent and three percent in the U.S. – … Continue reading →
In India, only “statutory towns” are considered urban and have a municipal administration, according to an Bloomberg opinion piece by Reuben Abraham and Pritika Hingorani. The statutory town definition identifies 26 percent of India as urban. The definition of urban … Continue reading →
Because the intellectual property of retailer Toys “R” Us served as collateral on their loans, a group of funds that financed the lenders during the bankruptcy now control rights to the Toys “R” Us and Babies “R” Us brands. According … Continue reading →
Courtroom 478 is where Philadelphia prosecutors conducted civil forfeiture proceedings. Civil forfeiture occurs when the government seizes property under suspicion of its involvement in illegal activity. Unlike criminal forfeiture, which is an in personam proceeding (against the owner of the … Continue reading →