February 6, 2017
- Two former Thornburg Mortgage executives can rest easily because the SEC is no longer seeking damages for their behavior during the early 2000’s financial crisis. The cases spanned over 5 years and disputed an amount over 400 million in losses.
- Exxon Mobile Corp. is back on the hook for royalties owed to over 40 landowners. Texas’ highest court reinstated the “mineral royalty dispute” on February 3, 2017. The court stated the suit was previously wrongly dismissed.
- New Jersey’s city of Hoboken is not happy with a developer’s plan to develop the waterfront area. Residents of the city asked the New Jersey Appellate Division to block the developers plan; however, the court refused to do so. Shipyard Associates LLP, will be able to add recreational and parking facilities to its mixed use property along the Hudson River.