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July 2015 Archives

FTC accuses LifeLock of violating 2010 settlement

On July 21, the Federal Trade Commission announced that it is taking action against LifeLock for violating a 2010 settlement with the agency and the attorneys general of 35 states, including California. The FTC has asked the court to order the identity theft protection company to provide full redress to affected consumers across the country.

Trump and NBC headed to arbitration over "breach" of contract

Many California business owners have likely heard that Donald Trump intends to take legal action against NBC for violating the terms of a contract with the Miss Universe Organization, according to his top attorney. NBC severed ties with Trump on June 29 after the presidential candidate made offensive descriptions about Mexican immigrants in a stump speech.

Another retailer reducing commercial real estate exposure

Another opportunity will soon be available for California-based investors in commercial real estate. Following other retail giants, Darden Restaurants has begun transferring some of its commercial real estate properties into a real estate investment trust, many of them which will be leased back to the company. The proceeds are intended to reduce Darden's debt exposure by about $1 billion.

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