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House passes major housing and GSE reform legislation

Alston & Bird LLP
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USA
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July 23 2008

Congress continued to make progress today on housing and on assistance to Fannie Mae and Freddie Mac when the House of Representatives passed the Housing and Economic Recovery Act of 2008 (H.R. 3221) by a substantial majority vote of 272 to 152

Tax Court rejects service’s economic substance attack on partnership transaction

Alston & Bird LLP
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USA
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February 1 2008

The Internal Revenue Service (the “Service”) has lately enjoyed great success using the economic substance doctrine against transactions the principal purpose of which was the reduction of tax

Wyoming Governor to push CO2 legislation

Alston & Bird LLP
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USA
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January 25 2008

Gov. Freudenthal (D-WY) is currently pushing for the Wyoming State legislature to adopt legislation, that we previously reported on, that would create a regulatory framework for carbon capture and storage

President signs housing bill; significant regulatory decisions must be made in coming months

Alston & Bird LLP
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USA
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July 30 2008

This morning, President Bush signed into law a broad housing bill, The Housing and Economic Recovery Act of 2008, Pub. L. No. 110-287,1 which provides an array of support for home borrowers, including a mortgage re-financing program under the Federal Housing Administration (FHA) and additional assistance to and regulation of the government-sponsored enterprises (GSEs) involved with housing

Two dioxin classes certified in West Virginia; additional class action seeks $300 million in punitive damages

Alston & Bird LLP
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USA
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January 29 2008

A West Virginia state court has cleared the way for property damage claims by 25,000 or more individuals to proceed as class actions in Carter v. Monsanto Co., Circuit Court of Putnam Cty, W. Va. (2000) and Allen v. Monsanto Co., Circuit Court of Putnam Cty, W. Va. (2004

Obama Administration announces new initiatives under Making Home Affordable Program

Alston & Bird LLP
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USA
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May 15 2009

Yesterday, Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan announced two new programs under the umbrella of the Making Home Affordable (MHA) Program

Developer of subdivision has imputed knowledge of property lines of subdivision in equitable dispute regarding encroachment

Alston & Bird LLP
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USA
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September 1 2009

An experienced builder was mistaken about the boundary line between two neighboring lots, Lots 16 and 17, in a new residential subdivision based on four stakes placed by the developer at the perimeter of Lot 17, following a recent survey

Arizona’s public policy does not prohibit enforcement of limitation-of-liability provisions in architect or engineer professional service contracts

Alston & Bird LLP
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USA
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September 1 2009

A real estate developer began development of a townhouse project on a property bordered on one side by a canal

Congressional Oversight Panel holds field hearing on corporate and commercial real estate lending

Alston & Bird LLP
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USA
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May 31 2009

The Congressional Oversight Panel held a field hearing in New York City last week to discuss the effectiveness of the government’s efforts to unfreeze the credit markets with particular focus on credit markets for corporate and commercial real estate lending

House Judiciary Committee holds hearing on role of the lending industry in the home foreclosure crisis

Alston & Bird LLP
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USA
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September 10 2009

Yesterday, the House Judiciary Committee held a hearing entitled "Role of the Lending Industry in the Home Foreclosure Crisis."

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