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Judge Dismisses Comey Case, Declares Trump-Appointed Prosecutor Illegally Installed

    Former FBI Director James Comey testifies before a Senate Intelligence Committee hearing on Russia's alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, U.S., June 8, 2017.  A federal judge has dismissed criminal charges against former FBI Director James Comey, delivering a sharp rebuke to the Trump-appointed prosecutor who pursued the case. The ruling marks a significant setback for efforts by President Donald Trump’s allies to prosecute perceived political opponents. U.S. District Judge Cameron Currie found that Lindsey Halligan, the interim U.S. attorney who brought the indictment, was unlawfully appointed. Halligan, a former Trump lawyer with no prior prosecutorial experience, bypassed Senate confirmation when she was installed to lead the Eastern District of Virginia. The judge concluded that all actions taken under her authority—including the indictment of Comey—were invalid. The case against Comey, filed in September, a...
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Real Estate Receiverships on the Rise: A Consequence of Elevated Interest Rates and Construction Costs

 


According to a recent report by The Canadian Press, real estate development projects across Canada are increasingly being pushed into receivership due to elevated interest rates, construction costs and delays, and a slower real estate market. Receiverships are a way for secured lenders to have the court appoint someone to take control of the property and either liquidate it or otherwise maximize the value of the assets. While often thought of as a last resort, experts have seen an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are facing financial stress. Smaller developers are finding it hard to get more money as the second-tier lenders they often rely on become more cautious. Ontario has seen the bulk of receiverships in recent months, but over the past year, the process has been applied to everything from a historic bank building in Saint John, N.B., to a fire-plagued apartment in Winnipeg.
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