sa国际传媒

Expert Analysis

• White Collar Plea Deals Are Rarely 'Knowing' And 'Voluntary'

  

  Because prosecutors are not required to disclose exculpatory evidence during plea negotiations, white collar defendants often enter into plea deals that don鈥檛 meet the U.S. Supreme Court鈥檚 鈥渒nowing鈥� and 鈥渧oluntary鈥� standard for trials 鈥� but individual courts and solutions judges could rectify the issue, says Sara Kropf at Kropf Moseley.

• How 2 sa国际传媒 Advisory Opinions Affect Reporting Agencies

  

  The Consumer Financial Protection Bureau issued two advisory opinions last month that demonstrate a continued commitment to address inaccuracies in background check reports and consumer file disclosures through broad interpretation of the Fair Credit Reporting Act, expanding on a coordinated federal agency effort, say attorneys at Cooley.

• Algorithmic Pricing Programs Caught In Antitrust Crosshairs

  

  The Justice Department's investigation into software company RealPage follows a host of federal antitrust cases alleging that property owners and casino hotel operators use the same proprietary software programs to fix and maintain pricing, which means algorithmic pricing programs are considered a key price-fixing tool in the digital age, say attorneys at Ballard Spahr.

• A Welcome Turning Of The Page For Residential Real Estate

  

  After one of the most challenging years on record for residential real estate, 2024 will likely be a time of transition to a stabler business climate, as sellers lose some of their excess bargaining power and the pace of sales picks up, says Marty Green at Polunsky Beitel.

• Strict Duty To Indemnify Ruling Bucks Recent Trend

  

  A South Carolina federal court's recent decision that it lacked subject matter jurisdiction to decide an insurer's duty to indemnify prior to the finding of insured liability sharply diverges from the more nuanced or multipronged standards established by multiple circuit courts, says Richard Mason at MasonADR.

• Ill. Insurance Ruling Helps Developers, Community Orgs. Alike

  

  The Illinois Supreme Court's decision in Acuity v. M/I Homes of Chicago, holding that commercial general liability policy exceptions did not prevent coverage for damage caused by faulty workmanship, will bring more potential insurance coverage for real estate developers and, in turn, larger payouts when community organizations sue them, say Howard Dakoff and Suzanne Karbarz Rovner at Levenfeld Pearlstein.

• NJ Foreclosure Law Will Have Multifaceted Impact On Lenders

  

  New Jersey's A.B. 5664 introduces significant reforms to foreclosure proceedings in the state, potentially lessening the burden on lenders and servicers to maintain foreclosed properties, but also brings new limitations and time frames, say Christina Livorsi and Wael Amer at Day Pitney.

• 11 Noteworthy sa国际传媒 Developments From 2023

  

  Under Rohit Chopra鈥檚 leadership, 2023 was an industrious year for the Consumer Financial Protection Bureau, with developments including the release of the proposed personal financial data rights rule, publication of proposed rules involving public registries for nonbanks and the bureau's continuous battle against junk fees, all of which are sure to further progress in 2024, say attorneys at Husch Blackwell.

• Insured Takeaways From 10th Circ. Interrelated Claims Ruling

  

  The Tenth Circuit's recent ruling in American Southwest Mortgage v. Continental Casualty that multiple claims arising from consecutive audit years were interrelated 鈥� and thus subject to a per claim limit 鈥� creates a concerning precedent for policyholders, so companies should negotiate relevant policy language, says Michael Stockalper at Saxe Doernberger.

• NY Banking Brief: All The Notable Legal Updates In Q4

  

  New York's banking and financial sector saw a number of notable regulatory and legislative changes in the final quarter of 2023, including guidance on climate risks and heightened cybersecurity protocols issued by the New York State Department of Financial Services, as well as final revisions to virtual currency listings in the state, say attorneys at WilmerHale.

• Ill. Justices Set New Standard For Analyzing Defect Claims

  

  The Illinois Supreme Court's recent ruling in Acuity v. M/I Homes of Chicago has effectively changed the landscape for how insurers may respond to construction defect claims in the state, so insurers should carefully focus their coverage analysis on whether the business risk exclusions are applicable, say Bevin Carroll and Julie Klein at Kennedys.

• A Look At Consumer Reporting In 2023, And What's To Come

  

  The legal landscape of consumer reporting is evolving as courts, federal regulators and state legislatures continue to weigh in 鈥� and while last year may have seen a slight downtick in the overall volume of Fair Credit Reporting Act litigation, 2024 is set to be a watershed year for this area of the law, say attorneys at Troutman Pepper.

• How New Fla. Condo Law Will Affect Owners' Finances

  

  As this December is the deadline for condominiums in Florida to be in compliance with legislation passed after the Champlain Towers collapse, condo owners will need to prepare for both the immediate and long-term financial implications, says Greg Main-Baillie at Colliers.