PRCM Advisers LLC v. Two Harbors Investment Corp.

  1. January 26, 2024

    REIT Claims Ex-Investment Manager Was Faithless Servant

    A real estate investment trust urged a New York federal court to grant its quick-win bid against a suit filed over a canceled external investment management agreement and allegedly stolen intellectual property, arguing that it justifiably terminated its contract with the asset manager, which also doesn't own the IP in question.

  2. November 09, 2023

    REIT, Ex-Investment Manager Vie For Early Win In Dispute

    Real estate investment trust Two Harbors Investment Corp. and its former external investment manager PRCM Advisers LLC both pushed for early wins in New York federal court in a legal spat over their broken business relationship.

  3. August 11, 2023

    NY Asset Manager Sinks Some Counterclaims In REIT Spat

    A New York federal judge has tossed a fourth of the counterclaims a real estate investment trust filed against the management firm that used to run it in a suit over allegations that the trust broke its contract and pilfered intellectual property when it decided to internalize operations.