State Farm Faces Penalties, Possible Ban in California

State Farm Faces Penalties, Possible Ban in California

California regulators are escalating their fight with State Farm.  The California Department of Insurance is seeking up to $4 million in penalties and weighing a one-year suspension of the insurer’s ability to... Read more »
Cerberus DTLA Office Faces Foreclosure

Cerberus DTLA Office Faces Foreclosure

Cerberus Capital Management’s Wedbush Center in downtown Los Angeles faces foreclosure after a debt default.  The alternative investment outfit owes about $135 million on its office tower on Wilshire Boulevard, according to... Read more »
Oceanwide Plaza’s Purchase Faces Push Back

Oceanwide Plaza’s Purchase Faces Push Back

Things are looking less certain for downtown Los Angeles’ infamous, incomplete graffiti-covered skyscrapers, a month after its largest creditors became a white knight buyer.  The bankruptcy court on Monday approved the City... Read more »
Antitrust lawsuit against NAR faces dismissal

Antitrust lawsuit against NAR faces dismissal

Plaintiff Jorge Zea runs www.snapflatfee.com, a brokerage that charges sellers a listing fee in exchange for limited services. Zea’s firm syndicates listings data to the MLS data feeds and forwards all buyer... Read more »

America Faces Shortfall of 7.2 Million Affordable Rental Homes

No state in the union is coming close to building enough affordable housing to shelter all of those who need it, according to a new report from the National Low Income Housing... Read more »
Hillary Clinton faces off with House lawmakers in Epstein probe | CNN Politics – California Legal Guide | CPT Law

Hillary Clinton faces off with House lawmakers in Epstein probe | CNN Politics – California Legal Guide | CPT Law

California Legal Implications: Privacy, Litigation, and Estate Planning Former Secretary of State Hillary Clinton is currently undergoing a closed-door interview with the House Oversight Committee regarding the investigation into Jeffrey Epstein. As... Read more »
Rep. Tony Gonzales faces growing Republican calls to resign over alleged affair – California Legal Guide | CPT Law

Rep. Tony Gonzales faces growing Republican calls to resign over alleged affair – California Legal Guide | CPT Law

California Legal Implications: Digital Assets, Privacy, and Post-Mortem Disputes According to a recent report by Axios, Representative Tony Gonzales is facing calls for resignation following allegations of an affair with a former... Read more »
CoStar faces renewed activist pressure over Homes.com strategy

CoStar faces renewed activist pressure over Homes.com strategy

Roughly a year after calling on CoStar Group to embark on a journey of “meaningful self-help,” the firm’s activist investors at Third Point Investors Ltd are back again pushing the Andy Florance-helmed... Read more »
Rocket Companies faces lawsuit over mortgage steering

Rocket Companies faces lawsuit over mortgage steering

Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms... Read more »
California housing reform faces new test as LA Metro resists transit zoning law

California housing reform faces new test as LA Metro resists transit zoning law

California has become a test lab for housing reform. The state stands as an ongoing experiment-in-process for how far lawmakers will go to legalize the development of more homes and how hard... Read more »