Joseph Cioffi, Davis+Gilbert’s Chief Operating Partner and Bankruptcy, Creditors’ Rights + Finance Practice Group Chair who has worked on large crypto bankruptcies and forfeiture proceedings, was quoted in Cryptopolitan commenting on the effect of the verbal agreement made by the founders of Dough Financial to compensate users following a hack of the platform. As noted, post-hack promises are not...
July 2024, Dough Finance — a crypto startup trading platform that made it easy to make risky bets using borrowed funds — suffered a major hack, resulting in the theft of substantial assets belonging to its users. Following the collapse of Dough Finance, the founders launched a new venture — World Liberty Financial — in partnership with Donald Trump and his three sons. One investor, Jonathan...
In this Law360 article, Joseph Cioffi provides his thoughts on the fairness of distributing forfeited funds to preferred shareholders in the FTX bankruptcy, while creditors are arguably not being paid in full based on today’s crypto values.
Amidst a rush to reduce tax burdens in major cities like New York City, San Francisco, and Washington, D.C., owners are aggressively filing property tax appeals, with some seeking reductions as high as 75 percent, a sign of the extreme uncertainty of commercial real estate values. Joseph Cioffi provided insightful commentary in the Commercial Observer article titled “Flood of Property Assessment...
In a two-part in-depth interview with Valuation Review, Joseph Cioffi explains how valuation is the linchpin in the commercial real estate sector, but also the gateway to legal disputes. Part 2 includes a discussion of regulatory and legal risks and opportunities related to current trends and office conversions.
If you want to know the future of commercial real estate, look at how valuations are affecting the market and how the market is impacting valuations. In a two-part and in-depth interview with Valuation Review titled "Attorney Highlights Litigation Risks in Commercial Real Estate Valuation," Joseph Cioffi explains how valuation, the linchpin in the sector, is also the gateway to legal disputes....
Commercial real estate appraisers are currently playing a crucial role in one of the biggest real estate stories: the fate of the office market and urban centers. Their valuation decisions can significantly influence property sales, how and when transaction volume restarts, and even who controls key assets. Joseph Cioffi, was quoted multiple times in this article for BisNow, “‘You Can Imagine the...
