Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

August 2010 Archives

More Commercial Property Owners Choosing to Default on Mortgages, Part 2

As reported in the previous post, an increasing amount of commercial property owners are choosing to default on their mortgages as a strategic business decision. This is because the value of many commercial properties has plummeted, resulting in a large gap between the current value of a property and the value of the mortgage.

More Commercial Property Owners Choosing to Default on Mortgages, Part 1

Owning a business requires making myriad tough and strategic decisions. An article appearing recently in The Wall Street Journal reports that more and more commercial property owners are making difficult decisions regarding underwater mortgages. 

Court Rules NJ Company Can Sue European Space Org. for Breach of Contract

The 3rd U.S. Circuit Court of Appeals has ruled that the European Space Agency does not have immunity from a breach of contract lawsuit brought against them by a New Jersey-based software company. According to Law.com, the court said on Monday that the Germany-based coalition of 18 nations dedicated to peaceful space research was subject to a 1976 statute that limits the immunity of international organizations.

Comcast, NBCU Merger Deal, Part 2: Antitrust Regulation Sticking Points

As reported in the previous post, when Comcast announced the $30 billion merger deal with NBCU in December, it said it would readily accept certain conditions for approval by government regulators, but it would not accept "abusive conditions."

Comcast, NBCU Merger Deal: High Costs, High Stakes

Comcast's challenge was not over after it crafted and proposed a $30 billion deal to merge with NBCU; it now faces intense political scrutiny. The potential deal is now six months into an anti-trust review by government regulators. The company has been working hard to appease its critics in Congress and the American public, but each week it seems a new criticism or group speaks out against the deal. 

Next Steps in the Dollar Thrifty Bidding War

Detailed and interesting commentary by The Deal Professor, Steven M. Davidoff, recently appeared in The New York Times' DealBook section on Mergers & Acquisitions regarding the bidding war for Dollar Thrifty, which has been discussed in previous posts.

Bidding War Has Begun for a Dollar Thrifty Merger

Dollar Thrifty Automotive Group Inc. is currently considering a $1.33 billion counter-offer to merge with Parsippany, New Jersey-based Avis Budget Group Inc. In April, Park Ridge, New Jersey-based Hertz Global Holdings Inc. offered $41 a share in cash and stock for Dollar Thrifty, or 1.17 billion.

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East 80 Route 4 Suite 170
Paramus, NJ 07652

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Dunn Lambert, LLC
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