News & Insights
By a two to one vote, in an April 29 opinion, the United States Court of Appeals for the Fourth Circuit reversed a decision of the United States Bankruptcy Court for the Eastern District of Virginia that a 2017 increase in U.S. Trustee’s fees violated the Uniformity Clause and the Bankruptcy Clause of the U.S.…
April 28, 2021– Rosenberg Martin Greenberg LLP is pleased to report that it acted as lead counsel to Maryland-based ezStorage in the sale of its 4.2 million square foot self-storage portfolio that was purchased by California-based Public Storage for a reported price of $1.8 billion. ezStorage is the largest storage company in the Maryland, Virginia…
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF), which will provide funding for restaurants and other eligible food and drink establishments. Eligible businesses generally include restaurants, food stands, food trucks, food carts, caterers, bars, saloons, lounges, snack and beverage bars, and various other businesses. Applicants operating bakeries, brewpubs, tasting rooms, taprooms, breweries,…
Under what is referred to as the “American Rule,” successful litigants in state and federal courts in the United States generally cannot recover their attorney’s fees and expenses from their opponents. Unless there is either a statute providing for recovery of attorney’s fees by a prevailing party or a contract between the parties providing for…
Rosenberg Martin Greenberg is pleased to announce the addition of our “COVID class” of seven new attorneys to the firm during the past 12 months. We would like to welcome Christina “Chrissy” Bolmarcich, Brett F. Baldino, Jeffrey S. Greenberg, Gabrielle D. Shirley, Jessica L. Duvall, Robert M. Berman and M. Ari Storch. Barry Greenberg, RMG’s Managing Partner and head of the Firm’s real…
On March 22, 2021, the Baltimore City Council passed legislation that mandates changes to all residential leases and impacts when late fees may be imposed. Specifically, the law, entitled “Late Fees for Past Due Rent,” provides that “a residential lease shall include a provision that the landlord may not apply late fees to the rent…
It is not unusual for a party to regret signing a contract. The terms “buyer’s remorse” and “seller’s remorse” would not be part of the lexicon if it was. However, with good reason, the law does not allow a party that regrets having signed a contract to escape from the contract easily, as a recent…
The American Rescue Plan Act of 2021, which was signed into law on March 11, 2021, includes relief provisions for restaurants and other similar businesses. The Small Business Administration (SBA) will administer the Restaurant Revitalization Fund grant program. The grant amount generally equals the excess of 2019 gross revenues, over 2020 gross revenues. Subject to…
In a March 9, 2021 opinion, the Maryland Court of Appeals signaled the end of what it termed “an elaborate web of procedural history” by answering two questions certified to it by the United States District Court for the District of Maryland. Those questions arose “in the context of a decade-long dispute between the adult…
On March 15, 2021, at long last, the Securities and Exchange Commission (“SEC”)’s proposed amendments to the private offering rules (a process which began in June 2019 via a concept release) are anticipated to go into effect. Their goal? To (i) harmonize, simplify, and improve the existing framework; (ii) promote capital formation; (iii) expand investment opportunities for entrepreneurs and emerging businesses; and (iv) promote growth for companies of all sizes. The revised framework also endeavors to expand the pool of potential investors eligible to participate in private offerings while also preserving and improving investor protections. In addition, effective December 8, 2020, new categories of qualifying natural persons and entities were added to the definition of “accredited investor.”
