News

Partner Thomas Lombardi Organizer and Presenter on Finance Panel on Subordination, Non Disturbance and Attornment Agreements

Partner Thomas Lombardi, whose practice focuses on the representation of commercial real estate owners and operators, together with David Hitchcock, Esq. of Kennerly, Lamishaw & Rossi LLP, and Peter Breckheimer, of Glaser, Weil, engaged in a one and half hour educational seminar on January 26, 2016, at the offices of the State Bar of California to discuss the use of Subordination, Non=Disturbance and Attornment Agreements, from the lender, borrower and tenant perspectives. Mr. Lombardi brought his unique perspectives as a real estate litigator to the panel, while the other participants gave practical and useful tips or the drafting and negotiation of SNDAs.

Scott Palmer, Roland Reynolds and Fred Haist Win Matter for U.S. Bank and Fannie Mae before Ninth Circuit Court of Appeals

Scott Palmer, Roland Reynolds and Fred Haist successfully represented U.S. Bank and Fannie Mae in the Ninth Circuit Court of Appeals. A copy of the court’s memorandum and decision is here.

Partner Thomas Lombardi Tapped for the Real Property Section Executive Committee for The State Bar of California

November 2015, PLD Partner Thomas Lombardi commences a three year term as one of 17 voting members of the Executive Committee for the Real Property Section of the State Bar of California. Organized in 1979, the Section coordinates educational programs and literature for California’s diverse real estate attorneys, serves as a forum for communicating information to its members on current developments and trends in real property law, gives members up-to-date access to this information, provides networking opportunities, and plays a significant role in the development of policies and legislation affecting California real estate.

Partner Thomas Lombardi Presents at 88th State Bar Annual Meeting, in Anaheim California on Commercial Leases

The State Bar of California gathered members of the California Bar in October 2015 in Anaheim, California for 126 law-related educational courses. Partner Thomas Lombardi, whose practice focuses on the representation of commercial real estate owners and operators, joined a panel of real estate transactional lawyers to discuss the use of American Industrial Real Estate Association (“AIREA”) forms in real estate transactions. The presentation featured a lively debate regarding the design of the forms, advantages and disadvantages, from both the litigation and transactional perspective. Mr. Lombardi’s presentation focused on potential litigation pitfalls and advantages related to AIREA forms and reviewed California appellate cases involving AIREA leases.

Brett D. Watson selected as the California litigation editor for CARLAW

Brett D. Watson has been selected as the California litigation editor for CARLAW, a monthly, multi-faceted, legal reporter used by automobile lessors, finance companies and companies that service the automobile industry.

Roland P. Reynolds presenting at ACI’s Consumer Lending and Regulatory Compliance Forum on October 29, 2015 in New York City.

Roland P. Reynolds will be giving a presentation on Residential Mortgage Regulatory Challenges at the upcoming ACI conference. The conference brings together state and federal regulators, senior in-house counsel, state and federal judges and top defense counsel to examine issues related to the increased scrutiny faced by consumer financial services companies, including the increase in government regulation and the growth of litigation and class action lawsuits within the industry. For more on the conference please visit this link.

Palmer, Lombardi & Donohue LLP Successfully Prosecutes Largest Promissory Note/Employment Matter In FINRA’s History on Behalf of Barclays Capital Inc.

Palmer, Lombardi & Donohue LLP recently received a historic FINRA Arbitration award on behalf of client Barclays Capital Inc. Partners Devin Donohue and Jeffrey Goldberg and associate Katelyn Mirolla successfully prosecuted what has been described by various industry publications as the largest arbitration award in a FINRA promissory note/employment case. After over a week of hearings, Barclays received the full amount of principal ($6.6MM) and the full amount of interest sought in its statement of claim. The panel additionally awarded a higher rate of interest on the award if it remained unpaid and the panel denied all of the numerous counterclaims asserted by the Respondent financial advisors in the matter. Below is a link to the arbitration award.

Read Finra Award.

Palmer, Lombardi & Donohue LLP Successfully Prosecutes Promissory Note Matter On Behalf of UBS Financial Services Inc. Receiving Multi-Million Dollar Arbitration Award

Palmer, Lombardi & Donohue partner Jeffrey Goldberg recently obtained a multi-million dollar FINRA arbitration award on behalf of client UBS Financial Services Inc. in a promissory note collection matter. UBS Financial Services Inc. was awarded the full amount of principal owing to UBS ($3,664,710), the full amount of interest sought in its statement of claim, and attorneys’ fees. Mr. Goldberg also successfully obtained sanctions for discovery violations by the Respondent financial advisor, including monetary sanctions and the dismissal of Respondent’s defenses with prejudice. Below is a link to the arbitration award.

Read Finra Award.

Palmer, Lombardi & Donohue LLP Successfully Prosecutes Promissory Note Matter On Behalf of UBS Financial Services Inc.

Palmer, Lombardi & Donohue partners Devin Donohue and Jeffrey Goldberg recently obtained a FINRA arbitration award on behalf of client UBS Financial Services Inc. in a promissory note collection matter. UBS Financial Services Inc. was awarded the full amount of principal owing to UBS ($412,690), the full amount of interest sought in its statement of claim and more than $100,000 in attorneys’ fees and costs. Mssrs. Donohue and Goldberg also successfully convinced the panel to deny all of the Respondent financial advisor’s unmeritorious counterclaims. Below is a link to the arbitration award.

Read Finra Award.

Partner Thomas E. Lombardi Hosts Networking Lunch for Real Estate Lawyers Featuring Councilman Mitch O’Farrell, of The 13TH District of Los Angeles

On October 16, 2014, the Real Estate Finance Subsection of the State Bar of California, presented a networking lunch event featuring Los Angeles City Councilman Mitch O’Farrell. Partner Thomas E. Lombardi, Southern California Chairman of the Real Estate Finance Subsection, sponsored and hosted the event, at which Councilman O’Farrell gave the attendees a presentation on the state of affordable housing in Los Angeles. The group also received up to date information on the activity of the City Council connected with the further development of affordable housing units within the City. Thereafter, Councilman O’Farrell took questions from the group, which led to a lively policy discussion about clearing red tape and easing the entitlement costs and burdens associated with developing affordable housing, as well as the economic incentives to build affordable housing in the present economic and legal environment.