New York

  • April 28, 2015

    Ex-NY Speaker Silver Maintains Innocence In Corruption Case

    Former New York State Assembly Speaker Sheldon Silver pled not guilty on Tuesday to new federal charges in a corruption indictment related to his alleged no-show jobs with two Manhattan law firms.

  • April 27, 2015

    Gramercy Client Wants Indemnity Suit Over Tax Shelter Tossed

    A former Gramercy Asset Management LLC client, who has accused the firm of fraud in connection with a tax shelter it promoted, asked a New York federal judge on Friday to toss the investment firm’s countersuit against him, saying it can’t seek indemnity from “the very parties it defrauded.”

  • April 27, 2015

    NY Senate Delays Action On Local Minimum Wage Increases

    The New York State Senate's labor committee on Monday punted to the finance committee a bill that would allow cities to set their own minimum wages, potentially delaying a vote on the legislation that would abolish state control over the wage.

  • April 27, 2015

    Facebook Urges 2nd Circ. Not To Revive IPO Investor Suits

    An attorney for Facebook Inc. owner Mark Zuckerberg and other executives urged the Second Circuit on Monday not to reinstate several shareholder derivative suits over the social media giant’s controversial 2012 initial public offering that included allegations the company concealed potential revenue troubles.

  • April 27, 2015

    WilmerHale Gets Veteran SDNY Money Laundering Unit Head

    WilmerHale on Monday announced that the chief of the money laundering and asset forfeiture unit in the U.S. Attorney's Office for the Southern District of New York will be joining the firm as a partner in its New York office.

  • April 27, 2015

    Real Estate Rumor Mill: Morgan Stanley, Apple, EPA

    Morgan Stanley is reportedly close to inking a massive 400,000 square-foot lease deal in Manhattan, while Texas is hot with rumored deal activity, with Apple Inc. buzzed to have inked a major lease deal in Austin and the U.S. Environmental Protection Agency said to be searching for new digs in Dallas.

  • April 27, 2015

    Justices Won't Hear Appeal Over Ambulance Corps Immunity

    The U.S. Supreme Court turned aside a volunteer EMT worker’s case Monday appealing lower court rulings that prevented her from suing a private, nonprofit ambulance organization for civil rights violations because the organization was not a state actor.

  • April 27, 2015

    Deutsche Bank, Ex-Worker Spar In 'Mommy Track' Bias Case

    A former Deutsche Bank AG employee accusing the company of sex discrimination told a New York federal judge Friday to reject the bank's bid to nix her case before trial, while Deutsche separately urged the court not to award her judgment on her claim that she was fired in retaliation for filing suit.

  • April 27, 2015

    Ex-Bryan Cave Atty Pleads Not Guilty In Maxim Fraud Case

    Former Bryan Cave LLP transactional lawyer Harvey Newkirk pled not guilty Monday to charges of helping a client fraudulently obtain more than $8 million in bank financing to acquire Maxim magazine and trying to fraudulently obtain $34.5 million more.

  • April 27, 2015

    Foundry Insider Gets 78 Months, Vows 'Newman' Appeal

    Former Foundry Networks Inc. executive David Riley was sentenced on Monday to 6 1/2 years in prison for passing inside tips about the computer equipment company to a hedge fund analyst, but vowed to appeal in light of the Second Circuit’s decision in U.S. v. Newman.

  • April 27, 2015

    Atty Claims Firm Paid Her Less Than Male Co-Workers

    An attorney who worked at an embattled firm that once drew attention for securing nearly $1 billion in settlements for World Trade Center first responders filed a sex-bias suit Friday in New York state court, claiming she was paid less than male co-workers and repeatedly passed over for partnership.

  • April 27, 2015

    7-Eleven Boss Gets 7 Years For Unlawful Worker Scheme

    A former 7-Eleven franchisee was sentenced to 87 months in prison for employing and housing at least 50 workers living in the U.S. illegally, a result of one of the largest criminal alien employment investigations ever conducted by the government, the U.S. Department of Justice announced Monday.

  • April 27, 2015

    ESPN Sues Verizon Over Custom TV Offerings

    ESPN Inc. accuses Verizon Services Corp. of breaching an agreement between the two over the media company’s new Custom TV service in a summons filed in New York state court Monday.

  • April 27, 2015

    Finder's Fee Suit For $250M Pittsburgh Tower Gets Axed

    A New York judge has dismissed claims against the 2011 purchasers of Pittsburgh's tallest skyscraper for $250 million, ruling that the real estate investment firm seeking a finder's fee from the buyers had no causal connection to the building's successful sale.

  • April 27, 2015

    Crowell & Moring White Collar Vet Succeeds Loretta Lynch

    Top Loretta Lynch deputy and former Crowell & Moring LLP money laundering and foreign bribery legal expert Kelly T. Currie will take over as acting U.S. attorney for the Eastern District of New York, the Justice Department said Monday, the same day Lynch was sworn in as U.S. attorney general in Washington.

  • April 27, 2015

    NY Health Initiative May Stifle Competition, FTC Says

    The Federal Trade Commission has expressed its concern to New York state health officials that its program to shield certain health care collaboratives from antitrust scrutiny could lead to higher costs and less access to health care services for New York consumers, it said in a statement Friday.

  • April 27, 2015

    Ropes & Gray, Dechert Guide $1.9B Fiber Network Cos. Merger

    Private equity-backed fiber optic network service providers Lightower Fiber Networks, represented by Ropes & Gray LLP, and Fibertech Networks, guided by a Dechert LLP team, said Monday they are merging in a $1.9 billion cash deal creating a major fiber network player in the Northeast, Mid-Atlantic and Midwest.

  • April 27, 2015

    Ex-NBCUniversal Interns Seek $1.2M In Atty Fees

    Plaintiffs in a putative class and collective action claiming unpaid interns at MSNBC and "Saturday Night Live" should have been compensated urged a New York federal judge to grant $1.2 million in attorneys’ fees.

  • April 27, 2015

    3 Political Fights That Threaten Key Tools For Property Deals

    From New York to Washington, D.C., a trio of hot debates among lawmakers threaten to take key tax incentives and deal funding tools away from real estate developers — or at least significantly reshape the programs. Here, experts give Law360 their two cents on what they expect to see play out.

  • April 27, 2015

    Denbury, Encore Investors Get Tentative OK For $2.75M Deal

    A New York federal judge on Friday granted preliminary approval to a $2.75 million class action settlement between oil and gas company Denbury Resources Inc. and Encore Acquisition Corp. shareholders who claimed they were shortchanged on Denbury shares in the merger between the two companies.

Expert Analysis

  • 4 Takeaways From The ABA Antitrust Spring Meeting

    Colin Kass

    As a deputy assistant director at the Federal Trade Commisision noted during one of the panels at the 63rd ABA Antitrust Section spring meeting, the FTC's investigations into nonmerger conduct typically are triggered by complaints from competitors, customers or suppliers. That means companies are not often aware that they are being investigated until it is too late, say attorneys with Proskauer Rose LLP.

  • NY High Court Emphasizes Evidence In Serious Injury Cases

    Matthew J. Rosno

    The New York Court of Appeals' opinion in Alvarez v. NYLL Management Ltd. reiterates the importance of evidence of degenerative and pre-existing conditions in serious injury threshold cases when citing Insurance Law Section 5102(d), says Matthew Rosno of Hiscock & Barclay LLP.

  • Court Has Broad Authority Over Assets To Satisfy Restitution

    Daniel W. Levy

    The Second Circuit recently affirmed the government’s sweeping authority over a defendant’s assets in the face of unpaid restitution obligations. This authority includes the power to restrain assets prior to the entry of a restitution order, and — as exemplified by U.S. v. Bengis — this authority extends to assets held overseas, says Daniel Levy, a principal at McKool Smith PC and former federal prosecutor.

  • New GM Is Free And Clear, But The Battle Will Rage On

    Lesley S. Welwarth

    A recent Southern District of New York decision in the General Motors bankruptcy case raises important bankruptcy policy questions, including whether the outcome creates improper incentives for debtors that are subject to product liability and latent defect claims, and how the rights of creditors who are affected by lack of a claims bar date notice are to be dealt with in future cases, say Henry Jaffe and Lesley Welwarth of Pepper Hamilton LLP.

  • Trading Inside Information With 'Friends' Post-Newman

    Jon Eisenberg

    Newman is a sea change in the law when it comes to insiders who tip friends without a quid pro quo. At least in the Second Circuit, the government’s argument that a mere tip to a friend violates insider trading law is dead on arrival, says Jon Eisenberg of K&L Gates LLP.

  • Airbnb: Boon Or Bane For NYC Residential Real Estate?

    Alexander Lycoyannis

    While renting out rooms in New York through Airbnb may seem like an attractive proposition for many tenants, guests and hosts need to better inform themselves about the many potential pitfalls, legal and otherwise, says Alexander Lycoyannis Rosenberg & Estis PC.

  • Spring Begins With 3 Important Class Action Decisions

    Fred T. Isquith

    The volume of commentary on the Omnicare opinion has pushed aside two other important and likely influenced decisions — the Second Circuit’s opinion in Roach v. T.L. Cannor Corp. addressing the breadth of Comcast Corp. v. Behrend, and New York’s Anwar v. Fairfield Greenwich Ltd., which requires readers’ attention because of the court’s discussion of the “predominance” element of Rule 23, says Fred Isquith of Wolf Haldenstein Adler ... (continued)

  • NY Financial Compliance Landscape May Get Treacherous

    Michael H. Huneke

    The Dodd-Frank Act whistleblower program has garnered much attention, but a less-noticed New York financial fraud whistleblower proposal could likewise have a significant impact, because New York regulators and enforcement agencies have been very active in bringing some of the largest investigations and enforcement actions in the financial sector, say John Wood and Michael Huneke of Hughes Hubbard & Reed LLP.

  • The Changing Landscape Of Fair Use: 'Transformative' Is Key

    Michelle Lee

    North Jersey Media Group Inc. v. Pirro and Fox News Network LLC is the latest in a recent line of fair use cases from the Second Circuit in which whether the use is “transformative” has won the day, to the point where it impacts what weight the courts give to the other three statutory fair use factors, say Michelle Lee and Erin Hickey of Fish & Richardson PC.

  • 3 Different Scenarios For Marijuana In Indian Country

    Blaine I. Green

    The U.S. Department of Justice's 2014 Indian Country Memorandum must be understood in the context of Indian law and the interplay between state, federal and tribal law on reservation lands. Depending on the legality of marijuana under state law, this interplay creates at least three different scenarios for tribes to consider, say Blaine Green and Emily Burkett of Pillsbury Winthrop Shaw Pittman LLP.