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Creative Solutions for Complex Legal Issues

July 2015 Archives

Activist investor urges Macy's to form REIT

California investors may have read recently about national retail and restaurant chains forming real estate investment trusts to generate income from their commercial real estate portfolios. The hedge fund Starboard Value has been a strong advocate of the strategy, and the activist firm's CEO said that Macy's could possibly double its share price by forming a REIT during an investor conference on July 17.

AutoNation and TrueCar ending relationship

California car buyers might benefit from understanding more about AutoNation Inc.'s decision to sever its relationship with TrueCar. The change results from a dispute over TrueCar's request that AutoNation share customer data for all of its transactions, not just the ones associated with TrueCar. AutoNation rejected the request, and informed TrueCar on July 9 that their contract is set to terminate at the end of the month.

Trends in commercial real estate

Real estate investors in California may be interested to learn about the topics that were discussed at the National Association of Real Estate Editors conference that was recently held in Miami. During the weeklong conference, housing economists and other industry leaders talked about the trends that they are noticing in the real estate market and what they expect to happen in the next year.

The legality of international contracts

Courts in California will only enforce contracts that are valid and legal. A contract may be considered invalid in cases involving misrepresentation or coercion, and an agreement is deemed illegal if it calls for the sale of illegal goods or requires an illegal act to be committed. While courts may have little difficulty of establishing the legality of contracts entered into by parties who live in the same jurisdiction, the situation becomes less clear when the parties live in area with different laws.

Creative Solutions for Complex Legal Issues

Contact Henry B. LaTorraca

400 Oceangate
Suite 700
Long Beach, CA 90802-4306

Phone: 562-216-2942
Fax: 562-216-2943
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