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April 2013 Archives

California lawmakers take action to limit Prop. 65 lawsuits

Some of the legal heat might be taken off of small-business owners in California who cook and serve plant-related foods such as alcohol, asparagus, coffee and potatoes. California's Proposition 65, which was passed in the mid-1980s, requires businesses to post signage if they serve foods that contain any of the 800 chemicals listed in the proposition. But a new state bill is meant to curb the burgeoning litigation that has resulted from the signage requirement.

Soap drama turns into business dispute

Prospect Park has filed a suit against ABC. Prospect Park is suing the television network for breach of contract because Prospect park permitted ABC to borrow characters from "One Life to Live" for a specific period; however, ABC purportedly took advantage of the characters, working outside the parameters of the companies' agreement.

Major commercial real estate transaction in downtown Los Angeles

Now that the economy is showing signs of recovery, things are shaking up in the commercial real estate market in downtown Los Angeles. The big news is that Brookfield Office Properties Inc. is willing to shell out $430 million for four major skyscrapers, and the deal, if ratified by shareholders in MPG Office Trust Inc., would make Brookfield a controlling player in the downtown financial district.

Commercial real estate value up in East Valley

The U.S. economy's 2013 turnaround has brought back some once-lost opportunities for buyers and sellers of commercial real estate in Southern California. In Riverside and San Bernardino counties, for instance, commercial vacancies came to 5.84 percent in the first quarter of this year. That drop is quite significant when we consider that in 2009 about a fifth of East Valley properties used for manufacturing and distribution were vacant.

Macy's claims breach of contract over Martha Stewart goods

There was the possibility that a business dispute between J.C. Penney Co., Macy's Inc. and Martha Stewart Living Omnimedia Inc. might get resolved during a month of court-recommended mediation, but alas, not so. The parties are back in court, and testimony is underway in a non-jury trial.

Century City kosher market accused of breach of contract

A business tort dispute related to what were believed to be kosher meat products is unfolding in Los Angeles. The Doheny Glatt Kosher Meat Market in Century City has been accused of selling products that were not approved by a mashgiach assigned to inspect and supervise meat sales, though such inspection is necessary for a product to be certified as glatt kosher.

Los Angeles company uses crowdfunding for real estate investment

There are definitely risks attached to real estate investment in Los Angeles. Maybe a broker fails to properly investigate the property, or a seller fails to disclose defects or other problems. Maybe one party doesn't carry out the purchase agreement or in some other way breaches a real estate contract. Without solid legal support, buyers and sellers alike could face significant damages.

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