New York

  • October 27, 2016

    Father Of Bitcoin Exchange Operator Pleads Guilty

    The father of one of the men accused of running an unlicensed bitcoin exchange service that allegedly laundered money for criminals pled guilty in New York federal court Thursday to lying about a New Jersey credit union, according to media reports.

  • October 27, 2016

    Annaly REIT Investors Seek To Revive Management Shift Suit

    A shareholder in real estate investment trust Annaly Capital Management Inc. asked a New York appellate court to revive his derivative suit, saying the board “camouflaged” the “externalization” of its management to a private company.

  • October 27, 2016

    NY Court Revives CVR Malpractice Row Against Wachtell

    A New York appeals court on Thursday revived CVR Energy Inc.'s malpractice suit against Wachtell Lipton Rosen & Katz over about $37 million in fees it owed from billionaire investor Carl Icahn's takeover, saying the law firm's filing of similar claims in state court hinted at forum shopping.

  • October 27, 2016

    Investors Say US Court Has Jurisdiction To Hear Libor Suit

    In a three-hour standing-room-only hearing in a Manhattan courtroom, an attorney for investors urged a New York federal judge not to dismiss their antitrust allegations against JPMorgan, Credit Suisse and other banks claiming a global conspiracy, and rebutted the banks' assertion that the suppression of the Libor was outside the court’s jurisdiction.

  • October 27, 2016

    Ex-AIG CFO At Fraud Trial Denies Ordering Doc Destruction

    The former chief financial officer of American International Group Inc. on Thursday denied that he ordered executives at an affiliate of the insurance giant to destroy documents in connection with a purported reinsurance deal which New York Attorney General Eric Schneiderman claims was fraudulent.

  • October 27, 2016

    GWB Trial Closing Statements Delayed Over 'Legal Issue'

    Closing statements were postponed Thursday in the trial of two former public officials over the George Washington Bridge lane closures after a New Jersey federal judge cited an outstanding “legal issue” without further explanation.

  • October 27, 2016

    NY Becomes Latest State To Face Suit Over Ballot Selfie Ban

    A New York federal judge on Wednesday ordered officials to explain why the court shouldn’t block the enforcement of an election law banning ballot selfies after several citizens filed suit following successful challenges of similar laws in states including New Hampshire and Michigan.

  • October 27, 2016

    Ex-Greenberg Traurig Partner Loses License For Firm Theft

    A New York state appeals court on Thursday accepted the bar license surrender of a former Greenberg Traurig LLP partner who admitted taking more than $30,000 from his former firm and its clients.

  • October 27, 2016

    Art Gallery Wants Alec Baldwin's Counterfeit Suit Tossed

    The New York City art gallery sued by actor Alec Baldwin for selling him an alleged counterfeit painting for $190,000 fired back on Thursday, saying that the suit was time-barred and accusing him of a tax avoidance scheme worthy of his "Saturday Night Live" impression of Donald Trump.

  • October 27, 2016

    Avon Investors Demand Appeal Bond From 'Serial Objector'

    A group of Avon Products Inc. investors urged a New York court to force a “serial objector” to put up a bond if he wants to continue his appeal of their $62 million class settlement with the company.

  • October 27, 2016

    Chinese Co. Wants 'Insiders' To Pay $3.8M Jeans Bill

    Chinese clothing maker Manta Industries Ltd. asked a New York federal court Wednesday to pierce the corporate veil and find five “insiders” liable for a $3.8 million February judgment owed to Manta by companies they allegedly controlled.

  • October 27, 2016

    Chadbourne Leader Harassed DC Atty With Cartoon, Suit Says

    A Chadbourne & Parke LLP attorney with a $100 million proposed class action against the firm said in a Thursday filing that she has video showing the litigation head harassing her by removing a Nelson Mandela quotation from her office wall and putting up a cartoon of “a fat man wearing a bowler hat.”

  • October 27, 2016

    Challenge To Test Strip Injunction Falls Flat In 2nd Circ.

    H&H Wholesale Services Inc.'s bid to dissolve an injunction in Abbott Laboratories' crackdown on “gray market” diabetes test strips sold in the U.S. with foreign packaging encountered sharp pushback Thursday from the Second Circuit, with one judge saying the supplier was "barking up the wrong tree."

  • October 27, 2016

    Former NYC Detention Center To Be $300M Live-Work Campus

    The New York City Economic Development Corp. and the city’s Department of Housing Preservation and Development said Thursday that a new $300 million project will transform the former Spofford Juvenile Detention Center in the Hunts Point section of the Bronx into a five-acre live-work campus.

  • October 27, 2016

    Breitburn Warns Of 'Chaos' If It Loses Ch. 11 Control

    Breitburn Energy Partners LP on Thursday held firm in its effort to extend until January the exclusive period in which it can file a Chapter 11 plan of reorganization, telling a New York bankruptcy judge the case would become chaotic if the company lost control before then.

  • October 27, 2016

    Shkreli Wants To Bolster Defense With Katten Documents

    Former Turing Pharmaceuticals Inc. CEO Martin Shkreli on Thursday asked a New York federal court to make Katten Muchin Rosenman LLP hand over documents from its time representing him so he can fight the government’s securities fraud charges by showing he acted in good faith after consulting the firm.

  • October 27, 2016

    Real Estate Rumors: NP Int'l, Mariano's, MAC Cosmetics

    NP International has reportedly purchased a Miami-area development site that's entitled for hotel and retail space, a Chicago-area Mariano's store is said to have traded hands for $34 million, and MAC Cosmetics is reportedly close to a deal to lease 80,000 square feet in New York.

  • October 27, 2016

    Feds To Auction Over 79K Acres Offshore For Wind Energy

    The federal government announced on Thursday that in December it will auction more than 79,000 acres off the coast of New York state for wind energy development, a move the government touted as part of President Barack Obama’s plan to create jobs and develop clean energy resources in the U.S.

  • October 27, 2016

    SunEdison Creditors Say They're Being Kept In The Dark

    SunEdison unsecured creditors demanded Thursday that the beleaguered renewable energy giant begin immediately filing financial reports for business units that are not currently in bankruptcy, saying in a New York federal court filing that creditors can’t determine the value of the debtor’s estate.

  • October 27, 2016

    Loeb & Loeb, Davis Polk Steer $450M Hudson Yards Loan

    Loeb & Loeb LLP represented Deutsche Bank AG in connection with its $450 million loan to The Related Cos. LP, counseled by Davis Polk & Wardwell LLP, for retail portions of a pair of Hudson Yards properties in Manhattan, according to mortgage documents filed in New York on Wednesday.

Expert Analysis

  • When Your Client Is The President

    C. Boyden Gray

    Every day, it seemed that virtually the entire day was spent trying to shape the news. Balancing the media day-to-day with the need for strategic planning requires staff to stay in their positions rather than congregate around the ball. Yet the impulse to run to the action is as tempting in the White House as on the soccer field, says C. Boyden Gray, who served as White House counsel for President George H.W. Bush.

  • Post-Spokeo, Standing Challenges Remain Unpredictable

    Ronnie Solomon

    Since Spokeo, a number of courts have weighed in on whether an alleged statutory violation of a state statute — as opposed to a federal one — suffices as a concrete injury in fact. But the treatment of the issue has not been uniform and the procedural quirks that have arisen add further uncertainty to an already convoluted area of the law, say Ronnie Solomon and Tyler Newby of Fenwick & West LLP.

  • When Your Client Is The President

    Peter J. Wallison

    I was given immediate responsibility for responding to the Iran-Contra crisis. My problem as a lawyer was what to do about all the requests for files, documents and other information that were coming in from investigators. Ultimately, it came down to this: What do I believe about my client? says Peter Wallison, who served as White House counsel for President Ronald Reagan.

  • When Your Client Is The President

    Fred F. Fielding

    The experience of preparing for the 1981 air traffic controller strike brought home to me the responsibility a lawyer owes to his or her client — be it an average citizen, a corporation or a president, says Morgan Lewis & Bockius LLP partner Fred Fielding, who served as White House counsel for Presidents Ronald Reagan and George W. Bush.

  • Bridging The Gap Between Outside And Inside Counsel

    Andrew S. Chamberlin

    Results from a recent International Association of Defense Counsel survey reveal a significant disconnect between inside and outside lawyers when it comes to perceptions of their own effectiveness versus the perceptions of their counterparts on the other side of the fence, say Andrew Chamberlin, a partner at Ellis & Winters LLP, and Orlyn Lockard, associate general counsel at Siemens Corp.

  • Harte Decision Shows Value Of Transit Whistleblower Law

    Charles C. Goetsch

    Most employment attorneys don’t know about the National Transit Systems Security Act, which protects public transit employees who report safety hazards in their workplaces. But after a recent U.S. Department of Labor administrative decision in Harte v. New York City Transit Authority confirmed the broad scope of the NTSSA, the law should be on every employment law firm's radar, says Charles C. Goetsch of Charles Goetsch Law Offices LLC.

  • When Your Client Is The President

    William E. Casselman II

    My experience with the Nixon pardon, the Nixon tapes, the construction of the White House swimming pool, and other matters well out of the ordinary for a president’s lawyer taught me that in the practice of law one should learn to expect and cope with the unexpected, says William Casselman, who served as White House counsel for President Gerald Ford.

  • Will 2nd Circ. Pare Back Rakoff’s Class Definitions?

    Ronald J. Colombo

    On Nov. 2, the Second Circuit will hear oral argument in a Petrobras investor suit that involves important questions concerning the proper application of Morrison v. National Australia Bank and Basic v. Levinson within the context of class certification. How the court responds to Judge Jed Rakoff’s approach could have profound implications for securities class action litigation, says Ronald Colombo, professor of law at Hofstra University.

  • So You Want To Be A Partner? You Need A Mentor

    Rebecca Glatzer

    Not all aspects of the partnership process are within an attorney’s power. However, there are some factors that an associate can control on the path to partnership, the most important of which are the relationships cultivated along the way, says Rebecca Glatzer of Major Lindsey & Africa.

  • OPINION: The 2nd Circ.'s Misguided Approach To Antitrust

    David Balto

    The Second Circuit's recent decision in American Express obscures the purpose of the antitrust laws, is inconsistent with decades of antitrust jurisprudence, and will handicap the ability of the antitrust agencies and courts to challenge anti-competitive conduct in dozens of markets, says David Balto, a former policy director at the Federal Trade Commission.