New York

  • July 25, 2016

    Ex-JPMorgan Banker's Insider Trading Trial Kicks Off

    The insider trading trial of a former Perella Weinberg Partners and JPMorgan Chase & Co. banker charged with tipping off his father about pending mergers in the health care industry began on Monday, with dozens of potential jurors under consideration to decide the case. 

  • July 25, 2016

    Getty Hit With $1B Copyright Suit Over Photog's Donations

    A photographer filed on Monday a $1 billion copyright infringement suit in New York against Getty Images' American arm, alleging that the company is sending out letters demanding licensing fees for her photos that were donated to the Library of Congress. 

  • July 25, 2016

    TerraForm Power Adopts Poison Pill As Big Buyers Circle

    Targeted for a potential big buy-in by a hedge fund and asset manager, TerraForm Power Inc. announced adoption of “poison pill” shareholder protections Monday to discourage accumulation of Class A shares in the renewable energy company.

  • July 25, 2016

    'Confusing' Deutsche Bank Securities Suit Will Go On

    A New York federal judge on Monday dismissed some class claims against Deutsche Bank AG over allegedly misleading information about securities offerings, calling the third amended complaint “utterly confusing” and at times “just wrong,” but said the bank must still face some allegations.

  • July 25, 2016

    Real Estate Rumors: Atlas, Fla. Apartment Complex, Stantec

    Atlas Capital is reportedly paying $34.7 million for the building leased to Brooklyn Brewery and Brooklyn Bowl; a Jacksonville, Florida, apartment complex is said to have traded hands for $24.6 million; and Stantec Consulting Services is reportedly leasing 32,000 square feet on Fifth Avenue in New York.

  • July 25, 2016

    Paul Hastings Adds IP, Antitrust Pro From Patterson Belknap

    Paul Hastings LLP has bolstered its intellectual property practice with a patent and antitrust litigation specialist who formerly served as a partner at Patterson Belknap Webb & Tyler LLP and focuses on life sciences and technology.

  • July 25, 2016

    Aeropostale Gets OK To Poll Voters On Ch. 11 Plan

    Teen apparel retailer Aeropostale got a New York bankruptcy judge's approval Monday to begin soliciting creditor votes on a Chapter 11 plan, though questions remain over whether the company will be able to sell the business as a going concern or will have to liquidate.

  • July 25, 2016

    NY Food Delivery Men Forced To Do 'Side Work,' Jury Hears

    The dispute over wages at Manhattan's Lychee House is a relatively simple one, a lawyer for the restaurant's delivery men told a Manhattan federal jury in his opening statement Monday: The men worked 50 or more hours a week, didn't get paid for breaks and were forced to do other labor for which they weren't getting tips, thus lowering their pay below minimum wage.

  • July 25, 2016

    'American Idol' Producer Defends $30M DIP Loan

    The production company behind reality talent show “American Idol” asked a New York bankruptcy judge to approve $30 million in Chapter 11 financing on Monday, arguing that the objections raised by unsecured creditors “do not seriously contest the reasonableness” of the proposed loan.

  • July 25, 2016

    Greenberg Traurig, MoFo Steer Extell-Wells $140M NYC Loan

    Greenberg Traurig LLP represented Extell Development Co. in connection with the firm’s $140 million construction loan for a pair of Manhattan buildings from Morrison & Foerster LLP-counseled Wells Fargo Bank NA, according to records made public in New York on Monday.

  • July 25, 2016

    Rakoff Rips Uber Detective's Shady Tactics In Price-Fixing Suit

    U.S. District Judge Jed Rakoff tossed out information obtained from a private investigation Uber had conducted into a consumer and attorney suing them in a proposed class action over price-fixing, blasting the ride service and the private investigator for relying on unethical tactics, Monday in New York federal court.

  • July 25, 2016

    Blank Rome Nabs Wuersch & Gering Corporate Litigation Pro

    Blank Rome LLP has boosted its corporate litigation group in New York with the addition of a former Wuersch & Gering LLP partner who specializes in commercial litigation, arbitration with multinational companies and a focus on the retail and luxury goods sector, the firm said Monday.

  • July 25, 2016

    NY's Block Of $683M Pipeline Means 2-Year Delay, FERC Told

    The operator of the planned $683 million Constitution natural gas pipeline from Pennsylvania to New York asked the Federal Energy Regulatory Commission on Friday for an additional two years to complete construction after New York regulators denied a water quality permit for the project.

  • July 25, 2016

    Equifirst, Barclays Win Dismissal Of RMBS Suit

    A New York state judge has tossed a suit alleging that Barclays Bank PLC and a defunct unit lied about the quality of the loans made up of $619 million in residential mortgage-backed securities, saying the claims were filed too late.

  • July 25, 2016

    Phone Maker Blasts Ex-Partner For Focus On Sex-Tracker

    Super-secure smartphone maker Silent Circle LLC told a New York state judge Friday that its assets shouldn’t be frozen in a fight with its former joint venture partner Geeksphone SA, which allegedly put nothing into the JV and opted instead to develop a sex-tracking smartwatch.

  • July 25, 2016

    Eaton’s Lies About Tax-Free Spinoff Cost $3B, Suit Says

    A proposed class of Eaton Corp. PLC shareholders launched a lawsuit in New York federal court on Friday, saying that their shares lost $3 billion in value when the company revealed it couldn’t spin off its vehicle component business tax-free after a 2012 merger with Cooper Industries PLC.

  • July 25, 2016

    Lamorak Says Viking Order Warped In $87M Coverage Row

    Lamorak Insurance Co. told the Second Circuit Friday that Olin Corp. relies too heavily on and twists the words of a recent insured-friendly New York state appeals court decision as the chemical producer seeks to keep in place an $87.2 million coverage order for cleanup of a half-dozen contaminated sites.

  • July 25, 2016

    New York Lawyers Need To Learn About Diversity, Bars Say

    More than a dozen New York bar associations in a letter on Friday pushed authorities in the state to require lawyers to earn separate continuing education credits that focus exclusively on diversity and inclusion in the legal profession and the elimination of bias.

  • July 25, 2016

    MoFo Free From Malpractice Claims In Puda Coal IPO Suit

    Morrison & Foerster LLP escaped a malpractice suit in New York court from Macquarie Capital USA Inc. claiming that the firm failed to uncover a fraud before the investment bank's botched initial public offering for Puda Coal.

  • July 25, 2016

    Tilton Taps Clement For SEC Admin Court Fight In 2nd Circ.

    Private equity magnate Lynn Tilton swapped one high-profile legal team for another in her bid to revive her challenge to the U.S. Securities and Exchange Commission’s in-house court at the Second Circuit, filing a notice Monday that she has hired famed appellate lawyer Paul Clement after Gibson Dunn was booted from the case.

Expert Analysis

  • Testing The UBE: Portable — But Inaccurate — Bar Exam Scores

    Suzanne Darrow-Kleinhaus

    While there is not much that is new about the uniform bar exam’s components, what is new is that where you take the bar exam may make the difference between passing and failing. Half of the score depends on the strength of the applicant pool in the jurisdiction where the candidate wrote the exam, which may lead to “UBE shopping,” says Suzanne Darrow-Kleinhaus, director of bar programs at Touro Law Center.

  • EPA Wants More Control Over State-Issued Discharge Permits

    Ronda L. Sandquist

    Proposed changes to the U.S. Environmental Protection Agency's National Pollutant Discharge Permit System would make minor revisions to program definitions and the contents of permit fact sheets, and major revisions that will expand the EPA’s ability to object to permits administratively continued by a state program, say attorneys at Brownstein Hyatt Farber Schreck LLP.

  • Testing The UBE: Missouri Benefits From Uniform Bar Exam

    Jim Nowogrocki

    We in Missouri do not take lightly to new trends or frothy ideas. Yet, the uniform bar exam has allowed us to meet the challenges of an increasingly mobile legal profession and the changing needs of clients, and to ensure that a newly admitted attorney has the knowledge, character and fitness to practice in the Show-Me State, says Jim Nowogrocki, president of the Board of Law Examiners in Missouri — the first state to adopt the UBE.

  • Feeding The Future World: The Israel Outlook

    Meital Stavinsky

    While improvements to the global availability of and access to food are expected in the coming years, many countries will continue to struggle. A further robust collaboration between the U.S. and Israel would both help expand the innovative food and agricultural industry growth in the U.S., and may offer an answer to the looming global food crisis, says Meital Stavinsky at Greenberg Traurig LLP.

  • Microsoft Search Warrant Case Is A Win For Privacy

    Bradley S. Shear

    The Second Circuit's recent ruling that the U.S. Department of Justice may not utilize a U.S. search warrant to access customer data stored overseas is a victory for not only personal privacy rights but also for the theory that people’s rights in the physical world should be extended to the digital world, says attorney Bradley Shear.

  • Workplace Video Monitoring: What Employers Need To Know

    Barbara E. Hoey

    Given the availability and effectiveness of inexpensive video equipment, many companies use video to monitor their entire operations for safety, security and quality control. But video surveillance can have unintended consequences well beyond its intended purpose, say Mark Konkel and Barbara Hoey at Kelley Drye & Warren LLP.

  • Curing Substantive Ambiguities In Debt Documentation

    Abbe Dienstag

    Recent New York state court decisions in GSO Coastline v. Global A&T Electronics present a cornucopia of issues arising under standard indenture clauses. First, beware of seemingly technical amendments to indentures that have substantive consequences, says Abbe Dienstag of Kramer Levin Naftalis & Frankel LLP.

  • OPINION: It's Time To Radically Rethink Immigration Reform

    John W. Lawit

    The antiquated Immigration and Nationality Act of 1952 has outlived its usefulness. It is time for a completely new law, based not on conditions from more than 60 years ago, but rather focused on the nation’s needs going forward into the 21st century, says John Lawit of John W. Lawit LLC.

  • A State-By-State Guide To Driverless Car Regulations

    Michael W. Reynolds

    In the absence of federal regulation, only nine states and the District of Columbia have passed laws addressing autonomous vehicles, leaving the other states to wrestle with the complexity and uncertainty of interpreting existing state laws, which presume human drivers, to permit the operation of AVs, say Michael Reynolds and Jason Orr at O'Melveny & Myers LLP.

  • NY High Court's Ambac Decision Causes Litigation Confusion

    Savvas A. Foukas

    The New York Court of Appeals' recent decision in Ambac Assurance v. Countrywide Home Loans — limiting the common interest privilege — conflicts with the law of many other jurisdictions and creates significant uncertainties for commercial actors in subsequent litigation, say attorneys at Hughes Hubbard & Reed LLP.