In the video clip below, Reno partner Chris Mixson discusses the gem of the Sierra: Lake Tahoe. The large freshwater lake in the Sierra Nevada Mountains contains enough water to cover the entire state of California, 14 inches deep. Chris focuses his practice in the area of Environment and Natural Resources litigation, particularly water rights disputes.
Los Angeles partner, Leslie Marks, reached a 4 million dollar settlement for his client, an HOA, in a construction defect case. This case involved various damages, primarily water intrusion, to a building that included 71 condominium units, 4 floors, and 1 subterranean garage. Mr. Marks is a litigation partner at Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP. He has extensive experience representing community associations, homeowners and commercial owners in prosecuting construction defect claims.
By: Ben Auten, Esq. for Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP
With the continued steady increase in home prices for both Clark and Washoe counties, the resurgence of creative financing in order to facilitate closing on residential transactions is inevitable. In particular, a seller might hear the term, “wrap-around mortgage” when entertaining an otherwise attractive offer from a prospective buyer that is unable to pursue traditional lending options. A wrap-around mortgage is a loan transaction wherein the lender ultimately takes responsibility for an existing mortgage. Consider as an example, a seller that has a $100,000 loan on his or her home may decide to sell that home to a buyer for $150,000. The buyer pays a down payment, say $10,000, and in that context, buyer borrows the remaining $140,000 under a new loan from the lender. The new loan “wraps around” the existing $100,000 loan since it will become the responsibility of the new lender to stay current on the old loan by making timely payments. There are a financial reasons that can make the wrap-around structure appealing to a lender and generate legitimate interest in this form of financing.Read More
Don Springmeyer and Chris Mixson, leaders of the firm’s Environmental Law litigation practice, recently won a “run-the-table” victory at the U.S. Court of Appeals for the Ninth Circuit in a complex multi-party water rights transfer case involving the Walker River in Nevada: Walker River Opinion. Don and Chris represent the National Fish and Wildlife Foundation in the Foundation’s program to purchase Walker River irrigation water rights and transfer them to in-stream flow.
Michael Schulman, a senior partner practicing Community Association law in the Nevada and California offices, is teaching a class at the Nevada Association of Community Managers Expo in Las Vegas on June 22nd. He will instruct on correctly running the election process for HOA Board positions. The WRSSR HOA team will be exhibiting at the Expo, as well.
The Judge in Las Vegas in charge of the consolidated securities derivative cases involving Wynn Resorts, has appointed Don Springmeyer and the firm as Liaison Counsel for all of the plaintiffs in In Re Wynn Resorts, Ltd. Derivative Litigation, Case A-18-769630-B. The Liaison Counsel is responsible for organizing and coordinating the efforts among the plaintiff pension funds and their various attorneys in the case. Don is headquartered in Las Vegas, and leads all of the firm’s class action and complex litigation matters in Nevada.
Trust and estates attorney, Jana Garrotto, has been elected for office as Secretary-Treasuer by the Los Angeles County Bar Association – Trusts and Estates Section for 2018-2019. This is part of a three year cycle wherein the officer begins as Secretary-Treasurer and ultimately serves as Chair. Prior to this election, Jana has been a member of the executive committee for the LACBA Trusts and Estates section and has served as the editor of the section’s monthly newsletter.
On the eve of what was expected to be a 10-day trial on claims for breach of contract and quantum meruit allegedly worth over $6 million, Los Angeles partner Chris Heck won a motion for judgment on the pleadings for the defendant. The motion, which was based on res judicata, collateral estoppel and statute of limitations, completely disposed of what was likely the last phase of a hotly-contested corporate dissolution proceeding that has lasted nearly 5 years. Mr. Heck, at the head of a team of WRSSR lawyers and local counsel, had already tried an earlier phase and achieved a favorable settlement pending the final decision.
Steven Zidell, a partner in the Los Angeles office, closed two real estate purchases last week, one for $4 million that involved a party wall agreement with the seller and the other for $17 million that involved amending the lease of a tenant who had a right of first refusal.
Prior to joining Wolf, Rifkin, Shapiro, Schulman & Rabkin LLP, Sigall practiced at Collins Collins Muir and Stewart LLP, where he developed and refined his litigation skills in all areas of litigation including: general business, commercial litigation, labor and employment, real estate and professional liability. Sigall finds Wolf, Rifkin, Shapiro, Schulman & Rabkin LLP to be an ideal environment to grow as a litigator and provide clients with quick, creative legal solutions to business and employment litigation issues.
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After a five-day bench trial, Los Angeles partner Chris Heck won a $1.85 million judgment for breach of fiduciary duty, breach of contract, fraud and conversion on behalf of a partner and a limited liability company in an action against another partner and member. The case concerned a lease agreement with options to extend for valuable stable and horse property in Malibu, California. Mr. Heck, along with co-counsel, also secured a $625,000 settlement from the counterparty to the lease on the eve of trial.
Leslie Marks, Mark Mizrahi, Mark Rosenbaum, Daniel Shapiro, Max Wellman and Michael Rabkin have been selected as Super Lawyers for the Southern California region. Notably, Max Wellman has been selected as a Rising Star, Daniel Shapiro has been selected for the 10th year, followed by Michael Rabkin, Mark Rosenbaum, Mark Mizrahi, and Leslie Marks who have all been selected for their 5th year.
Chris Heck, a partner in the Los Angeles office, and his team secured a favorable outcome in probate proceeding on behalf of two of the trust beneficiaries against third beneficiary, who was also the former executor of the Estate. Probate Court awarded over $750,000 for two breaches of a prior settlement agreement, including over $240,000 in attorney fees. The case is currently on appeal.
Nevada managing partner, Don Springmeyer, has been named to Class Action Trial Lawyers – Top 25. Top 25 is an invitation-only professional organization composed of and limited to the Top 25 attorneys from each region who serve individuals and families who need attorneys to represent them in the American legal system regarding Class Action claims. Members of the Class Action Trial Lawyers – Top 25 exemplify superior qualifications of leadership, reputation, influence and performance in their area of specialty.
Firm partner Chris Mixson will present at CLE International’s “Nevada Water Law – Managing a Scarce Resource” conference on November 13, 2017 in Reno, Nevada. This event will connect leaders in water law, policy, and management to discuss and analyze the continuing challenges of resource scarcity. Mr. Mixson will share his expertise at the “Current Water Law Cases – Federal and State Litigation Update” panel at 1:45 PM. Peppermill Resort Spa Casino in Reno, Nevada will host the conference. For further information please click here.
Jordan Butler, an attorney at Wolf, Rifkin, Shapiro, Schulman & Rabkin, recently obtained approval for an O-1 visa on behalf of Russian-born tennis pro Yulia Putintseva for the full visa period of three years. “I am so excited and truly grateful to have been granted O-1 visa status,” said Putintseva. To read full article click here.
Wellman concentrates on handling complex commercial and business disputes and has developed a multi-faceted litigation practice representing a broad base of corporate, real estate, and media clients. Wellman serves as the President of the Downtown Los Angeles Bar Association, and sits on several boards and committees for non-profit and public-benefit organizations in the Los Angeles area. He is a San Diego State undergrad who received his J.D. from Southwestern Law School, lives in West Hollywood and is based at the firm’s West Los Angeles office.
To read the full press release, please click here.