A trial team from Gordinier Kang & Kim, LLP (“GKK”) led by partner Edward S. Kim, with the assistance of associate Bradley S. Song and Nevada counsel Craig D. Slater of Luh & Associates, secured a jury verdict awarding plaintiffs $167 million, including $10 million in punitive damages, against former officers and directors of CAM…

Gordinier Kang & Kim LLP (“GKK”) closed on a combined $310 million construction financing on behalf of 17422 Irvine Derian Apartments LLC and 18831 Von Karman Irvine LLC, developers of the Pistoia Apartments and Milani Apartments projects in Irvine, California. The financing included $265 million senior and mezzanine loans from MACK Real Estate Credit Strategies,…

Among a series of laws taking effect this year is Assembly Bill No. 390, which augmented California’s stringent Automatic Renewal Law (ARL). The original ARL was passed in 2010 with the intent to “end the practice of ongoing charging of consumer credit or debit cards or third-party payment accounts” without first obtaining the consumers’ explicit…

Facebook Shareholders Suit Results in New Heightened Standard for Derivative Lawsuits The Delaware Supreme Court recently adopted a new test in a case challenging the conduct of Facebook’s CEO Mark Zuckerberg making it harder for shareholders to pursue derivative claims to enforce the rights of the company.  Historically, shareholders were permitted to assert claims on…

When you come across an online service that you are considering using, sometimes instead of committing to the service, you decide to sign-up for a 30-day free trial. What could go wrong? Well, when the trial period ends, you are unknowingly charged a subscription fee. You hastily try to cancel but are hampered by endless…

Noncompete clauses and agreements have existed for nearly 600 years. So why are they now about to be eradicated? And what does it mean for businesses? At first, noncompete agreements protected employers from former employees taking their skills and knowledge learned from the employer to compete against them. What began as a “shield” to employers,…

Commercial real estate has been a reliable and profitable industry for decades. Business properties were recognized for their prestige; large-scale office buildings demonstrated the success of a company, especially given its location.  With digital technology rapidly growing, some employers were enabling employees to work remotely full time. When COVID-19 impacted the ability to commute into…