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PRESS RELEASE: WEBSITE RELEASES DATA ON 500 COMPANIES LINKED TO QATARI ROYAL FAMILY & STATE SOVEREIGN WEALTH FUND

Posted: July 17th, 2018

Los Angeles, CA: The research website, DE-Tenants.org, a project of Operating Engineers, Local 501, today released data and primary records on over 500 companies from over 40 international jurisdictions linked to Qatar’s ruling Al Thani family and the nation’s sovereign wealth fund, the Qatar Investment Authority (QIA). An accompanying data table for the records details assets and holdings for many of the entities.

Tagged: More on Qatar - Al Thani Family, More On Qatar - About the QIA, More on Qatar - Offshore Assets

Sherman Oaks Tenant Sues Douglas Emmett for Breach of Contract and Misrepresentation over Electricity Charges

Posted: June 22nd, 2018

A tenant at the Sherman Oaks Galleria, located at 15301 Ventura Boulevard, filed suit against Douglas Emmett and a related party for allegedly overcharging $490,000 in electricity bills due to the building’s malfunctioning electricity submeters. The plaintiff claims that Douglas Emmett and a related party made knowingly false misrepresentation about the submeters over the course of a decade—always insisting that they were working properly.

Tagged: Tenant Issues - Lawsuits

31% of Shareholders Withhold Support for Director O’Hern

Posted: June 6th, 2018

DE-Tenants.org and the International Union of Operating Engineers (IUOE) recently called on shareholders of Douglas Emmett, Inc. (NYSE: DEI), a Los Angeles County-based Real Estate Investment Trust, to vote AGAINST the nomination of “independent” board member Thomas O’Hern, due to a notable undisclosed conflict of interest.

Tagged: Tenant Issues - Lawsuits

Qatar Sovereign Wealth Fund Buys Back Stake in Rosneft

Posted: May 16th, 2018

Today we are scrutinizing CEFC further, looking at a criminal complaint filed by the Department of Justice and reporting on the detention of CEFC’s Chairman. CEFC’s scandals have caused the Qatari sovereign wealth fund to buy back the Rosneft stake. Following the repurchase, QIA will directly hold 18.93% of Rosneft.

Tagged: More on Qatar - Russia Investments, More on Qatar - China Investments

IUOE Urges Vote “AGAINST” Douglas Emmett Director Thomas O’Hern

Posted: April 26th, 2018

Washington, DC: The International Union of Operating Engineers (IUOE) today is calling on shareholders of Douglas Emmett, Inc. (NYSE: DEI), a Los Angeles County-based Real Estate Investment Trust, to vote AGAINST the nomination of “independent” board member Thomas O’Hern, due to a notable undisclosed conflict of interest.

Tagged: Tenant Issues - Lawsuits

Santa Monica Tenant Alleges that Douglas Emmett Negotiated in Bad Faith (Lease Documents Included)

Updated: April 26th, 2018

In March 2017, a tenant of 401 Wilshire Boulevard in Santa Monica called Macerich Partnership filed suit against Douglas Emmett in Los Angeles court claiming that Douglas Emmett’s negotiating tactics “[constitute] bad faith and a failure to cooperate.” Because of Douglas Emmett’s alleged lack of fair dealing, Macerich has asked the court for declaratory relief…

Tagged: Tenant Issues - Lawsuits

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