Signaling

Former FedEx Sales Manager’s Discrimination Verdict Stripped of Justice, Signaling Supreme Court’s Bias

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Houston, Texas – In a landmark discrimination case against FedEx, Jennifer Harris, a former sales manager, found her victory significantly reduced on appeal. Harris, who is Black, had emerged triumphant in 2022 with a $366 million verdict, holding FedEx accountable for retaliating against her after she filed a complaint of racial discrimination against her white manager. However, the Fifth Circuit Court of Appeals recently overturned much of that ruling, slashing the damages amount to a mere $248,619. The ruling stated that FedEx had made “good-faith efforts” to comply with federal law, thereby undermining Harris’s claims. … Read more

Law Firm Leasing Surges in 2023, Signaling Potential Turnaround for Commercial Real Estate Market

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NEW YORK — Office leases in New York City were disappointingly small in 2023, signaling a slowdown in the commercial real estate market. While some deals were larger than in the previous year, they still fell short of the record-breaking leases seen in 2019. However, the market made a surprising recovery towards the end of the year, with several significant leases signed in December. The largest lease of 2023 was signed by the white shoe law firm Paul Weiss, who took 765,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas. This lease seemed … Read more