Proskauer Rose LLP has hired the former global head of White & Case LLP's investment funds group, who counseled a $108 million social investment fund structured by JPMorgan and the Bill & Melinda Gates Foundation, the firm said Thursday.
A Manhattan civil jury hit Costco Wholesale Corp. with a hefty bill Thursday for selling "Tiffany" rings that infringed Tiffany & Co.'s flagship trademark, finding the national retailer owes the jeweler $5.5 million in damages for unlawful profits – and also putting the big box chain on the hook for punitive damages to be determined in coming days.
A New York federal judge on Thursday dismissed Kia Motors America Inc. from a lawsuit challenging the automaker’s rejection of a franchisee’s deal to sell a dealership in Brooklyn, saying that an agreement signed by the pair allowing Kia to object to the sale is valid.
The Lehman Brothers’ bankruptcy estate said Thursday that it is preparing to distribute an additional $3.8 billion to unsecured creditors early next month, pushing total payouts to creditors to approximately $113.6 billion since the failed investment bank filed for Chapter 11 in 2008.
The New Jersey Transit commuter train crash that killed a woman and injured 108 people Thursday at the agency’s Hoboken terminal raised questions about federal safety mandates that have yet to be implemented, although officials refused to discuss what may have caused the high-speed crash.
A New York federal judge on Wednesday shut down Conde Nast’s bid to escape a proposed class action accusing the media company of selling customer data without consent, saying the alleged intrusion of privacy suffices as a concrete, if difficult to pin down, injury.
SunEdison Inc. investors sparred Thursday before the U.S. Judicial Panel on Multidistrict Litigation over whether various lawsuits alleging the investors were misled about the bankrupt renewable energy company’s liquidity should be consolidated in New York, with some arguing it would unnecessarily disrupt cases on appeal.
New York Sen. Charles D. Schumer on Wednesday pushed Albany, New York’s Times Union Center as the new site for next year’s college basketball tournament games, originally scheduled to be played in North Carolina, the NCAA has decided to relocate over that state’s controversial transgender bathroom law.
Kasowitz Benson Torres & Friedman LLP represented Imperial Cos. on its $98.5 million purchase of dozens of Manhattan residential condos from private equity shop Ares Management LLC, while Gibson Dunn guided Deutsche Bank AG's $83 million loan for the purchase, according to records filed in New York on Wednesday.
A New York federal judge on Wednesday barely kept alive a proposed class action alleging Hyundai Motor Co. knew and lied about defective brakes in its Sonatas before drivers bought or leased the vehicles, determining most of the suit’s claims were either time-barred or not well-pled.
Madison Development is said to have bought retail space at a New York condo building for $26 million, Pineapple Grove Associates has reportedly picked up a Florida mall for $12.5 million and biotech giant Lonza is said to be adding 150,000 square feet to its Texas development project.
Former AIG CEO Maurice Greenberg said at trial on Thursday that competition between the insurer's divisions prompted an attempt to convert underwriting losses to investment losses after a state court judge said he spent a “sleepless night” wondering about the transaction's purpose.
Och-Ziff Capital Management Group LLC will pay nearly $413 million in a deferred prosecution agreement and U.S. Securities and Exchange Commission settlement, while an African subsidiary pled guilty to violating the Foreign Corrupt Practices Act by bribing government officials, the SEC said Thursday.
Yogurt maker Fage must face some consumer protection law violation claims leveled in a proposed class action alleging the yogurt label’s “Total 0%” phrase is deceptive, though a New York federal judge Wednesday struck down a negligent misrepresentation claim and found the shoppers don’t qualify for an injunction.
The U.S. Supreme Court on Thursday said it would hear an appeal from New York businesses questioning whether states can ban merchants from adding surcharges onto credit card purchases or if such laws are unconstitutional restrictions on free speech.
A New York federal judge on Wednesday again rejected Grant & Eisenhofer PA's bid for more fees for working with Bernstein Liebhard LLP in investor litigation against Fannie Mae over allegedly inflated financial reports, saying Grant has “no one to blame but itself” for failing to trigger the firms' fee-sharing agreement.
The unsecured creditors committee of Gawker Media on Tuesday asked a New York bankruptcy judge for the right to examine Gawker’s books, including an alleged $200,000 loan to founder Nick Denton.
The Manhattan District Attorney’s Office asked a New York state appeals court Wednesday to reinstate the conviction of former Goldman Sachs Group Inc. programmer Sergey Aleynikov over accusations of source code theft from the bank’s high-speed trading platform, saying a jury rightly found him guilty.
An oil field technology services company agreed on Wednesday to a $1.5 million deal in New York federal court that would settle claims by a class of technicians that they were stiffed on overtime pay.
A New York federal judge told a UBS AG unit Wednesday that it was welcome to seek an appeal of a recent order calling for a master to help determine how much the bank owes over allegedly faulty home loans, but indicated it would face an uphill battle in doing so.
While advertising off-label claims for medical devices and pharmaceuticals may be like sailing into stormy waters, companies might assume that using U.S. Food and Drug Administration-approved labeling is, if not a safe harbor, at least a reasonably sheltered cove. However, the Second Circuit's recent decision in Church & Dwight v. SPD Swiss Precision Diagnostics challenges this seafaring assumption, say attorneys at Norton Rose Fulbright.
A New York federal court's recent decision in U.S. v. Northern Adult Daily Health Care Center is one of the first to substantively apply the U.S. Supreme Court's ruling in Escobar. It highlights the barrier the False Claims Act’s materiality requirement poses to FCA relators while also suggesting ways in which courts already are divided in their interpretation of Escobar, says Brian Irving of Bass Berry & Sims PLC.
Often lost in discussions about Alexander Hamilton is that he was an extremely important New York lawyer. He had an extensive law practice until his death in 1804 and he wrote what is considered to be the first treatise in the field of private law. Ultimately, Hamilton certainly did get "a lot farther by working a lot harder, by being a lot smarter, by being a self-starter," says Randy Maniloff of White and Williams LLP.
The Second Circuit's decision last week in Vitamin C Antitrust Litigation shows that American courts may be increasingly likely to dismiss U.S. antitrust claims against foreign companies based in countries with heavy government involvement in the economy, say attorneys with O'Melveny & Myers LLP.
Sorry, fellow lawyers, judges and legislators, but the jig is up. It’s time to show the public the cards up our sleeves and give them a chance to weigh in on the fairness of a system that touches so many aspects of their everyday lives, says Chas Rampenthal, general counsel of LegalZoom.
Recognizing the ever-dwindling number of multidistrict litigation proceedings, Alan Rothman of Kaye Scholer LLP explores the three alternatives to MDLs which the Judicial Panel for Multidistrict Litigation has recently considered in denying and/or mooting MDL petitions.
One of the first steps in addressing potential trade secret misappropriation and breach of restrictive covenant claims is determining the scope and extent of the employer’s protections. However, the prelitigation process involves many more stages. Attorneys with Robinson & Cole LLP address seven specific steps you should take on behalf of an employer in assessing and addressing a potential breach of a noncompete agreement.
The Second Circuit's decision last week in American International Group Securities Litigation creates a split in how courts define the term “affiliate” in class action securities settlements. Settling defendants should consider pressing for the elimination of the term completely, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.
Parallel criminal and civil proceedings in False Claims Act cases raise important and troublesome issues for the defense, including protecting the defendant’s Fifth Amendment rights while mounting a robust defense in the civil case. But, as shown in recent decisions from the Eastern District of Kentucky and Southern District of New York, parallel proceedings may also prove challenging to the U.S. Department of Justice, say Tony Mai... (continued)
Republican presidential candidate Donald Trump said he would reduce crime in black communities by implementing stop-and-frisk practices nationwide, claiming that they worked “incredibly well” in New York. It's almost too easy to point out why he is wrong, but criticism that stop-and-frisk is unconstitutional misses its mark. The practice was legitimized 50 years ago by the U.S. Supreme Court, says Katherine Macfarlane, a professor ... (continued)