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Archive for September, 2008

September 2008 will be remembered as an extraordinary month in the history of financial markets:

It started with the federal government’s decision to take over Fannie Mae and Freddie Mac (September 5).
Then, Bank of America agreed to buy out Merrill Lynch, while Lehman Brothers filed for bankruptcy (September 15).
The federal government acquired a 79.9 percent stake [...]

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Among recent decisions in lawsuits pitting condo buyers against developers, a federal opinion from the Southern District of Florida concerning the Opera Tower Condominium in Miami has garnered an exceptional amount of media attention.  In Weaver v. Opera Tower LLC, the Court dismissed claims brought by buyers seeking to rescind purchase contracts due to alleged misrepresentations in advertising [...]

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