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May 2017 Archives

Sales figures suggest that CRE markets are cooling

The commercial real estate markets in major California cities like Los Angeles, San Diego and San Francisco have been extremely active in recent years, but property sales data for the first quarter of 2017 suggests that investor enthusiasm is waning. First-quarter property sales in New York City were down by 58 percent compared with the same period a year ago, according to data released by the brokerage firm Cushman & Wakefield. Analysts say that overbuilding and political uncertainty may be to blame.

Breach of fiduciary duty 401(k) lawsuit moves forward

A lawsuit against Starwood Hotels is moving forward in a California federal court. In a ruling on May 1, a judge moved forward the claim that Starwood's record-keeping and administrative fees were so excessive as to breach the company's fiduciary duty to 401(k) plan participants.

What Happens in California Stays in California - Employees Working and Residing in California Now Have a Right to Litigate in California and Under California Law.

A new California statute - California Labor Code § 925 - that became effective January 1, 2017, prohibits employers from requiring employees who live and work in California from litigating their employment claims elsewhere. Section 925 also prohibits attempts to limit the application of California law to employee claims.

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