Real

$130 Million Awarded in Lawsuit Against Real Water Following Outbreak of Illnesses

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Las Vegas, Nevada – A Las Vegas jury has ruled in favor of five individuals who sued Real Water, awarding them approximately $130 million in damages. The plaintiffs claimed that the company’s product had made them sick. This verdict marks the second case where a jury has awarded a nine-figure sum to individuals suing the bottled water company. Real Water’s product, labeled as “alkalized,” was found to contain a toxic chemical used in rocket fuel. The water was linked to an outbreak of liver illnesses and at least one death. Myles Hunwardsen, the lead plaintiff … Read more

Chinese Real Estate Giant Evergrande Ordered to Wind Up by Hong Kong Court

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HONG KONG (AP) — Chinese real estate company Evergrande has been issued a winding-up order by a Hong Kong court on Monday due to its failure to present a viable restructuring plan. Judge Linda Chan made the decision after noting the lack of progress made by the company in proposing a workable solution. Evergrande, a troubled giant in the Chinese real estate sector, faced the winding-up order after it was unable to persuade the court that it had a feasible restructuring plan in place. This development highlights the ongoing challenges faced by the company amid … Read more

Real Estate Professionals in California Hit with New Lawsuit Alleging Collusion and Inflated Commissions

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SACRAMENTO, California – Real estate professionals in California are facing yet another commission lawsuit. On Thursday, Willsim Latham, LLC. filed a lawsuit in U.S. District Court in Sacramento, alleging collusion among real estate industry players to artificially inflate real estate agent commissions. The lawsuit targets MetroList Services, the area’s Multiple Listing Service (MLS), as well as various local Realtor associations and brokerages including RE/MAX, Anywhere, Keller Williams, eXp World Holdings, NorCal Gold, Williams L. Lyon & Associates, Guide Real Estate, Paul M. Zagaris Real Estate, and Century 21 Select Real Estate franchise. MetroList, unlike other … Read more

New Jersey Liquor License Reform Fails to Fulfill Commercial Real Estate Advocates’ Expectations

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Trenton, New Jersey – New Jersey’s liquor license laws, known for being restrictive and expensive, underwent significant changes this week. Governor Phil Murphy signed legislation that increases the number of available liquor licenses statewide and allows for new licenses in municipalities with large malls. This move injects nearly 1,500 licenses into the market, marking the first major reform since the Prohibition era. Despite this change, some groups, including the state’s largest commercial real estate trade organization, argue that the new legislation falls short of what is needed to spur development. Craft breweries and distilleries have … Read more