Month: May 2017

The Economic Loss Rule is Alive and Well for Insurance Licensees


05/30/2017Palais, Douglas M.

When professionals of all types are sued by their clients for errors and omissions (E & O), the plaintiffs frequently assert both tort and contract claims against the defendants. This is particularly true when insurance policyholders or putative policyholders sue their insurance agents. Torts that are usually asserted include claims of actual fraud, constructive fraud,… Read more »

Changes to Virginia Law on Tenant Rights After Foreclosure


05/27/2017Vandeventer Black

The Code of Virginia addresses the rights of tenants after foreclosure of residential properties.  The current law incorporates the federal Protecting Tenants at Foreclosure Act (PTFA). Under current law, and subject to certain requirements, a tenant can remain in the property for the remaining lease term if the tenant complies with the requirements of the… Read more »

Federal Contract Blacklisting Rule Repealed


05/25/2017Sterling, Michael L.

On March 27, 2017, President Trump repealed the “Fair Pay and Safe Workplaces” regulations issued by Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA).  These “Blacklisting” regulations required contractors to disclose federal employment and labor law violations when bidding, to comply with pay transparency obligations, and to limit… Read more »

Exit Strategies in Real Estate Investments


05/11/2017Crouch, Richard J.

Sooner or later your colleagues will approach you about investing in a development deal or similar venture if they have not already done so.  The investment vehicle for such a project will typically be in the form of a limited liability company (“LLC”).  Before getting involved in an LLC investment in commercial real estate, you… Read more »