REFinBlog

Editor: David Reiss
Brooklyn Law School

October 9, 2017

Monday’s Adjudication Roundup

By Jamila Moore

  • A decade ago, Greenberg Trauig LLP allegedly participated in a Ponzi scheme involving mortgages. Recently, the entity settled its issues with their accusers for $9.75 million.  A federal bankruptcy judge in Arizona approved the settlement, and quoted the settlement as, “reasonable and a fair compromise.”
  • The state of Texas will soon be in court against T-Mobile. T-Mobile South LLC and Eco-Site LLC sued Brownsville, Texas and their city commission because they rejected the entities’ application to develop a local unused lot. T-Mobile and Eco-Site allege the city unlawfully denied their application.
  • South Korean real estate brokers may believe justice is served regarding their loss of $500,000. The brokers believed they were bribing a Middle Eastern investor; however, the duo were being deceived by an art blogger. The art blogger received a 31/2 years in prison for his actions.
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