New York

  • June 24, 2016

    Suspended NY Atty Sued Over Actions In Real Estate Row

    A Brooklyn leasing entity alleges that a suspended attorney with whom it's locked in protracted real estate disputes owes it at least $7.5 million, under a state statute that permits triple damages against an attorney guilty of deceit and misconduct, according to a New York state lawsuit.

  • June 24, 2016

    Supreme Court Asked To Resolve Drug-Fraud RICO Split

    The U.S. Supreme Court has been urged to resolve a circuit split on whether a doctor's writing a prescription breaks the chain of causation between drugmakers like Sanofi Aventis US LLP and injured parties under the Racketeer Influenced and Corrupt Organizations Act.

  • June 24, 2016

    German Bank Seeks Compensation For $168M RMBS Loss

    German lender and commercial bank IKB Deutsche Industriebank AG is pursuing its latest suit over residential mortgage-backed securities, accusing Wilmington Trust Co. of breaching its duty as the trustee of $168 million worth of the securities in a suit removed to New York federal court of Thursday.

  • June 24, 2016

    Investment Funds Sue Caesars Over 'Malicious' NY Suit

    A group of investment funds sued Caesars Entertainment Corp. in New York on Thursday over a now-dismissed suit brought by the gambling company that sought to extinguish the funds' fraudulent transfer accusations against Caesars executives in Delaware court, calling Caesars' litigation "malicious."

  • June 24, 2016

    Hedge Fund Looks To Reboot Costco Suit Over Ponzi Scheme

    Hedge fund Ritchie Capital on Friday asked the Second Circuit to vacate the dismissal of its suit against Costco over the warehouse club’s alleged involvement in the $3.6 billion Ponzi scheme orchestrated by Tom Petters, saying the lower court erred by finding the case didn't belong in New York.

  • June 24, 2016

    Petrobras’ Bid To Delay Shareholder Suit Denied

    A New York federal judge on Friday denied Petroleo Brasileiro SA’s bid to pause shareholder litigation claiming the Brazilian oil giant concealed billions of dollars in bribes and kickbacks for years, as the Second Circuit reviews its class certification challenge.

  • June 24, 2016

    Tilton Ditches Skadden For Gibson Dunn Amid SEC Challenge

    Private equity magnate Lynn Tilton and her Patriarch Partners firm have dropped Skadden Arps in favor of Gibson Dunn in their various legal battles, after a string of losses and a Second Circuit decision that rebuffed Tilton’s challenge to the U.S. Securities and Exchange Commission’s in-house court.

  • June 24, 2016

    Sabine Creditors' Bid To Sue Over Merger Blocked On Appeal

    A New York federal judge on Friday let stand a ruling that blocks unsecured creditors of Sabine Oil & Gas from bringing litigation against the company’s secured lenders over a disastrous tie-up with Forest Oil as the company continues to pursue a Chapter 11 restructuring.

  • June 24, 2016

    Pharma Rep Takes Malicious Prosecution Suit To High Court

    A pharmaceutical sales representative who claims his former employer conspired with the government to set him up as a fall guy for criminal drug misbranding has taken his suit against the alleged conspirators to the U.S. Supreme Court after the Second Circuit refused to resurrect his claims in March.

  • June 24, 2016

    CNN Says TVEyes More Like Meltwater Than Google Books

    CNN, Hearst Television and others threw their weight behind Fox News on Friday in the network’s effort to shut down media-monitoring service TVEyes, comparing the startup to so-called “clipping services” that have been declared illegal.

  • June 24, 2016

    Black Homeowners Want Morgan Stanley Class Action Revived

    A proposed class of black Detroit homeowners asked the Second Circuit Friday to resurrect their lawsuit, claiming the group's commonality and arguing that Morgan Stanley pushed a defunct subprime lender to provide risky loans to black borrowers and had profited off the debt’s securitization.

  • June 24, 2016

    No Defect In Black & Decker Utility Knife, Jury Finds

    A New York federal jury on Thursday found that a utility knife made by Stanley Black & Decker Inc. wasn’t defective, as claimed by a Canadian construction worker who sliced his arm with one while installing windows at a high school.

  • June 24, 2016

    Anguilla Bank's Quest For Ch. 11 Discovery Dealt Setback

    A New York bankruptcy judge indicated Friday that it's unlikely he would allow a subsidiary of the failed National Bank of Anguilla the ability to subpoena a Caribbean banking regulator over its decision to transfer $175 million to a U.S. bank.

  • June 24, 2016

    Boies Schiller Beats Ex-Model's Malpractice Suit On Appeal

    A New York appellate court on Thursday denied a former fashion model’s attempt to revive her suit accusing Boies Schiller & Flexner LLP of mismanaging her price-fixing and other claims against major modeling agencies, saying she didn’t prove the firm represented her despite a conflict of interest.

  • June 24, 2016

    GM Says Bankruptcy Sale Nixes Non-Switch Claims

    Drivers attempting to pursue claims against General Motors for injuries unrelated to its infamous ignition switch defect are violating GM’s 2009 bankruptcy sale and subsequent court orders, and should not be allowed to proceed, the automaker reiterated to a New York federal bankruptcy judge on Thursday.

  • June 24, 2016

    Real Estate Rumors: ASB, Ocean Bank, WeWork And WeLive

    ASB Real Estate Investments is reportedly buying a Soho retail property for $90 million, while Ocean Bank is said to have loaned $45 million for a Florida condo project, and WeWork and WeLive are said to be taking space in a planned Seattle tower.

  • June 24, 2016

    Billionaire Tells 2nd Circ. Goldman Must Face CTFC Claim

    A Singaporean billionaire who claims Goldman Sachs Group Inc. lured him into exotic currency options trades that lost $34 million urged the Second Circuit on Wednesday to carefully weigh his attempt to bring the claims before the U.S. Commodity Futures Trading Commission.

  • June 23, 2016

    Boxer's $34M Suit Jabs Title-Holder Over Doping Remarks

    Heavyweight boxing champion Deontay Wilder waged a “public smear campaign” against rival Alexander Povetkin over the Russian's use of a banned substance and unlawfully skipped their scheduled May 21 bout, the challenger alleged Thursday in a $34.5 million lawsuit in New York federal court.

  • June 23, 2016

    Dodd, Frank, Bernanke, Volcker Blast MetLife Oversight Ruling

    The former members of Congress who wrote the Dodd-Frank Act, along with former Federal Reserve Chairs Ben Bernanke and Paul Volcker, urged the D.C. Circuit on Thursday to undo a federal judge’s recent decision that blocked stronger regulation of MetLife Inc.

  • June 23, 2016

    Genesco Strikes $10M Deal To End Garden City's Water Suit

    Apparel and footwear retailer Genesco Inc. agreed Wednesday to pay $10 million to settle Garden City, New York’s long-running federal lawsuit alleging its former subsidiary’s use of a fabric cutting mill in the late 1960s contributed to the contamination of drinking water supply wells.

Expert Analysis

  • How Lawyers Can Harness The Power Of Social Media

    Monica Zent

    It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.

  • A New Precedent For Physician Restrictive Covenants In NY

    Thomas A. Telesca

    A recent decision from the New York Supreme Court concerning the enforceability of a physician's restrictive covenant reflects continued changes taking place in the health care field and indicates that attorneys representing individual physicians and medical practices in New York will have to take more care in drafting such contracts, says Thomas Telesca at Ruskin Moscou Faltischek PC.

  • Law Firms Must Advise Clients About Available Insurance

    Kevin M. LaCroix

    As illustrated by a recent New York appeals court decision, law firms all-too-frequently fail to help their clients determine at the outset of a claim whether or not there is insurance available to protect them, says Kevin LaCroix at RT ProExec.

  • From The Partner's Desk: Tips For Recent Law Grads

    Gary M. Gansle

    One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.

  • 5 Steps For Creating An LGBT-Supportive Workplace

    Jim S. McNeill

    Law governing LGBT workplace protections is in flux, and largely does not keep pace with the opinion of society. To stay one step ahead, proactive employers should consider taking steps to ensure their workplace is LGBT-supportive. Doing so will not only mitigate future liability, but it will telegraph to employees that management believes in an inclusive and diverse workforce, say Jim McNeill and Peter Stockburger at Dentons.

  • Easing The Burden Of Affordable Housing Mandates

    Chuck Reed

    As affordable housing zoning ordinances proliferate across the country, landowners and developers have an opportunity to shape them to lessen their detrimental impacts, before the ordinance is even adopted, says Chuck Reed, special counsel at Hopkins & Carley and former mayor of San Jose, California.

  • Takeaways From The High Court's New Rule On RICO's Reach

    Robert P. Reznick

    The U.S. Supreme Court’s ruling in RJR Nabisco v. European Community, which reversed a Second Circuit decision and held that the Racketeer Influenced and Corrupt Organizations Act has limited extraterritorial application, rejects all of the prevailing rulings on extraterritoriality and offers some new takes on the court’s prior jurisprudence in that area as well as antitrust law, say attorneys at Orrick Herrington & Sutcliffe LLP.

  • Redefining The Focus Of Federal And State Equal Pay Laws

    Susan Gross Sholinsky

    While the federal government has not enhanced its own equal pay law, the current administration has made clear that equality in the workplace is a priority. State and local governments have taken it upon themselves to create more protections for employees, and there are several different elements employers should consider as they prepare for the possibility of defending cases under the new amendments, say attorneys at Epstein Becker Green LLP.

  • Health Republic’s Curious Liquidation: Part 2

    James Veach

    Committees of policyholders and medical providers would bring light and energy into the Health Republic bankruptcy and help New Yorkers avoid having to suffer a second Health Republic debacle, this one during its liquidation, says James Veach at Mound Cotton Wollan & Greengrass LLP.

  • What's At Stake In Marblegate

    Miranda Schiller

    When the Second Circuit heard oral arguments in Marblegate Asset Management v. Education Management Corp., one might have thought from the courtroom’s overflow crowd that it was the opening argument in a mob trial. But this is a case about a bond indenture, with the Trust Indenture Act at the heart of the debate, say Miranda Schiller and Agustina Berro of Weil Gotshal & Manges LLP.