Firm News
Schulte Special Counsel for Pro Bono Initiatives Sara Solfanelli Quoted in The Washington Post
Jul 10, 2023, 12:00 AM
The Washington Post quotes Schulte Roth & Zabel Special Counsel for Pro Bono Initiatives Sara Solfanelli in its coverage of Judge Caroline Wall's decision to dismiss Randle v. City of Tulsa et. al., the groundbreaking lawsuit Schulte filed on behalf of the last living survivors of the 1921 Tulsa Race Massacre to seek justice for the public nuisance caused by the Massacre.
Sara shared the legal team’s reaction that “Black Americans, especially Black Tulsans, carry the weight of intergenerational racial trauma day in and day out — a weight they cannot relinquish or cavalierly dismiss. The dismissal of this case is just one more example of how America’s, including Tulsa’s, legacy is disproportionately and unjustly borne by the Black community.”
Judge Wall's decision to dismiss the case comes after a previous decision in 2022 to allow the case to continue. “Inexplicably, nearly one year after defendants filed another round of duplicative motions to dismiss the lawsuit and more than 2.5 years after the case was filed, Judge Wall threw the entire case out.”
Read the article here.
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On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]
Alerts
On Feb. 16, 2024, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury (“Treasury”), issued a notice of proposed rulemaking (“Proposed Rule”)[1] continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market. The Proposed Rule would require certain persons involved in residential real estate closings and settlements to submit reports (“Real Estate Reports”) and keep accurate records of certain non-financed transfers of US residential real property. The reasoning behind the Proposed Rule is explained extensively in FinCEN’s December 2021 Anti-Money Laundering Regulations for Real Estate Transactions Advanced Notice of Proposed Rulemaking, which discusses “the opacity of shell companies or other legal entity structures to mask true beneficial ownership of a property and their involvement in real estate transactions.”[2]