Latest news with #MDLs
Yahoo
2 days ago
- Business
- Yahoo
Comprehensive New Treatise From PLI Press Helps Practitioners Navigate Multidistrict Litigation
NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) -- Cases in multidistrict litigations (MDLs) comprise nearly half of the federal civil docket — and this figure is expected to increase. A new treatise from PLI Press, Multidistrict Litigation, is an essential resource for practitioners who need to stay informed about this growing area of the law. Authored by Alex A. Parkinson of Kellogg, Hansen, Todd, Figel & Frederick P.L.L.C., the publication is a practitioner's guide to navigating MDLs and the Judicial Panel on Multidistrict Litigation (JPML) that oversees them. Featuring a complete categorization and discussion of every JPML decision regarding MDLs, the book's comprehensive review of case law makes it a one-stop reference for commercial litigators across practice groups. Multidistrict Litigation includes seven chapters covering various aspects of MDLs, from their history and modern usage to the powers and limits of the JPML, the decision-making processes for centralization and transfer, and the interaction of MDLs with other forms of aggregate litigation such as class actions and bankruptcy proceedings. Additionally, the book includes unique appendices organizing, by area of law, published opinions in which the JPML either centralized or declined to create a multidistrict litigation, and published transfer orders organized by factors that the JPML has identified as relevant to the selection of the transferee district. Learn more and order the title on About the Author: Alex A. Parkinson is a partner at Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., located in Washington, D.C., where he has spent the better part of the last decade, following clerkships on the United States Court of Appeals for the D.C. Circuit and the United States Court of Appeals for the Second Circuit. Alex attended the University of Chicago Law School, where he served as Editor-in-Chief of The University of Chicago Law Review, and Harvard College. About Practising Law Institute (PLI) Founded in 1933, Practising Law Institute (PLI) is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise. PLI provides accredited continuing legal and professional education programs delivered by more than 4,000 volunteer faculty, including top experts across practice areas. Additionally, PLI publishes a comprehensive library of treatises, course handbooks, skills books, and journals, also available through the PLI PLUS online platform and app. The essence of PLI's mission is a commitment to the pro bono community. Based in New York, PLI also has an office and Conference Center in San Francisco. Visit to learn more. CONTACT: Contact: Erin Kinsella, Sr. Director of Communications, PLI 347.554.0073 ekinsella@ in to access your portfolio
Business Standard
28-05-2025
- Business
- Business Standard
Macrotech Developers rises after ICRA upgrades LT rating to 'AA' with 'positive' outlook
Macrotech Developers gained 1.23% to Rs 1470.70 after the company said that the credit rating agency ICRA has upgraded the company's long-term (LT) rating to '[ICRA] AA (Stable)' from '[ICRA] AA- (Positive)'. The agency has reaffirmed the companys short-term rating at '[ICRA] A1+. ICRA stated that the rating upgrade factors in the steady increase in MDLs pre-sales and collections, which is expected to sustain in the coming years, thereby translating into an improvement in cash flow from operations (CFO) and comfortable leverage metrics. ICRA notes that over the medium to long term, the share of the warehousing and retail segments in cash flows is likely to improve, providing stability to the overall cash flows from operations. The ratings positively factor in the managements guidance to maintain healthy cash surplus/liquidity cushion, which, along with the expected increase in the share of rental inflows from the warehouse and retail segments, will mitigate some impact of the cyclicality in the residential segment. The ratings note MDLs strong leadership position in the Mumbai and Thane residential real estate markets as well as the Groups established track record of over four decades, underpinned by more than 100-plus million square feet of deliveries till March 2025. The ratings factor in the execution and market risks resulting from the large expansion plans with a pipeline of over 85 million square feet for future project launches including offices, retail and warehousing as of March 2025. The timely launch of these projects, along with healthy sales and collection momentum, would be critical for improving the operational cash flow generation. Nonetheless, ICRA takes comfort from MDLs established track record of project execution and strong brand presence, which aid sales velocity. While the company is making conscious steps towards diversifying its geographical footprint, the share of Mumbai Metropolitan Region (MMR) is likely to remain high (60-70%) in the medium term. The company is also exposed to the cyclicality in the residential real estate market. Macrotech Developers is one of the largest real estate developers in India with a market leader position in Mumbai and Thane. MDL is focused on residential development in the MMR, with presence in Pune and Bengaluru. As of March 2025, it developed 100-plus million square feet of space with nearly 35 million square feet of ongoing developable area and approximately 85 million square feet of planned launches. The company has one of the largest land banks in the country, totalling over 4,080 acres as of March 2025.
