News & Events

1. Is a Borrower Personally Liable After Foreclosure? A borrower is generally personally liable to the lender for a loan including the shortfall, or “deficiency,” created when the unpaid loan balance is more than the bid price/value of the property at a foreclosure auction. However, Arizona has statutory exceptions-commonly called […]

In May, the United States Securities and Exchange Commission approved changes to the continuing disclosure provisions of Rule15c2-12 (the “Rule”) that will affect new agreements executed on or after December 1, 2010. Under the current Rule, an Event Notice must be filed in a timely manner if any of 11 […]

If business owners thought the new health care bill was complicated, here’s yet another layer of complexity. The government has now issued new regulations on how employers can grandfather in their existing plans under the bill. Each employer has to decide, based on cost and other factors, if it is […]

Gust Rosenfeld P.L.C announces its Phoenix office has relocated to the new CityScape development in downtown Phoenix. The firm occupies 45,000 square feet spanning two floors in the impressive mixed-use office tower. “CityScape is an ideal setting for our firm and a convenient location for our clients,” said Tom Chauncey […]

Seven Gust Rosenfeld lawyers were selected for inclusion in the 2010 Southwest Super Lawyers®. Super Lawyers is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. Honorees are selected using a rigorous, multiphase process. Peer nominations and evaluations […]

Charles W. Wirken, a partner at Gust Rosenfeld P.L.C., has been selected to become a Fellow in the American Academy of Appellate Lawyers. Only nine other attorneys in Arizona are members of this prestigious group. “It is a great honor to be elected to membership in the Academy-one that is […]

Public entities often strike deals with developers and other private interests to bring commercial projects to life. So, when the City of Phoenix partnered with some Chicago-based developers to build a large, mixed-use development in north Phoenix, neither party anticipated that it would spark a lawsuit that would change the […]

Background As part of the American Recovery and Reinvestment Act of 2009 (“ARRA”), Congress added Section 54AA of the Internal Revenue Code of 1986, as amended (the “Code”), permitting a state or local government, including school districts, to issue anew type of taxable obligation called Build America Bonds (“BABs”) to […]

More and more business owners are turning to Facebook and LinkedIn to dig up information about job applicants. In a June 2009 CareerBuilder survey of 2,600 hiring managers, 45 percent of employers reported using social networking sites to research potential hires, a 22 percent increase over the year before. Another […]