Expedia Inc. and other online travel agencies suffered a setback Thursday when the New York Court of Appeal ruled that New York City’s tax on online hotel bookings is legal, overturning a lower court’s ruling that the tax was unconstitutional.
A New York state appellate panel ruled Wednesday that a man had waited too long to sue the law firms that advised him incorrectly on how a property sale would impact his taxes, triggering $5 million in back taxes and penalties.
The Second Circuit declined Tuesday to rehear a decision holding now-defunct WorldCom Inc. liable for millions in excise taxes on a telecom service that connected people using dial-up modems to the Internet.
Jon Corzine and other ex-managers of bankrupt MF Global Inc. on Tuesday appealed a New York bankruptcy court’s ruling in favor of the 100 percent repayment of the firm’s commodities customers, saying they don’t object to the repayment but to the trustee’s rights under the order.
With prosecutors continuing to investigate JPMorgan Chase & Co. following its record $13 billion mortgage settlement Tuesday, U.S. Attorney General Eric Holder has a chance to satisfy the public's Wall Street bloodlust by following up with criminal charges against individual bank executives.
JPMorgan Chase & Co.'s $13 billion settlement on Tuesday marked the end of the bank's negotiating process with federal and state regulators over alleged false statements regarding the quality of mortgage-backed securities during the housing bubble, but it could be the just beginning of big settlements for other banks.
The U.S. Tax Court ruled Tuesday that a New York-licensed wholesale cigarette dealer doesn't qualify for a federal exemption that shields small resellers from capitalizing certain costs because the company artificially deflated its gross revenue by subtracting New York cigarette taxes from its sales.
The Second Circuit said Tuesday that defendants could be liable for additional attorneys’ fees when they propose settlements that don’t include offers of final judgment because such an offer would not fully resolve the dispute between the parties and further litigation would be conceivable.
Bank of America Corp. unilaterally dictated the terms of its $8.5 billion “Frankenstein monstrosity” of a settlement with institutional mortgage-backed securities investors, an attorney challenging the deal at trial told a New York judge Tuesday, urging the judge to veto the deal.
A New York magistrate judge Monday ordered Orama Inc., the owner of Trata, a high-end Greek restaurant with locations in the Hamptons as well as Manhattan, to pay a group of its former serving staff a collective $53,409 in settlement agreement payments the company failed to make in a wage-and-hour class suit.
JPMorgan Chase & Co. agreed to pay $13 billion to settle a host of federal government and state lawsuits alleging that the bank and its subsidiaries made false statements about the quality of mortgage-backed securities it sold prior to the financial crisis, the U.S. Department of Justice announced Tuesday.
Bank of New York Mellon Corp. won an emergency motion for relief in multidistrict litigation accusing the bank of manipulating foreign currency exchange transactions, agreeing that the plaintiffs' executive committee, including Lieff Cabraser Hiemann & Bernstein LLP, had inappropriately told third parties to ignore subpoena requests.
A dual Iranian-U.S. citizen was sentenced in New York federal court on Friday to 46 months in prison, after he pled guilty to taking part in a scheme to illegally export high-grade carbon fiber from the U.S. to Iran.
The New York State Public Service Commission on Friday said it would cede most regulatory control over a plan to install thousands of charging stations across the state in order to put 40,000 electric and plug-in hybrid cars on the road by 2018, after Gov. Andrew Cuomo and other groups pushed for the move.
Deloitte LLP on Friday agreed to pay $1.5 million to settle lawsuit brought in New York federal court by a putative class of information technology support technicians accusing the accounting firm of violating the Fair Labor Standards Act by stiffing them on overtime compensation.
A New York federal jury on Thursday awarded Kodak Graphic Communications Canada Co. more than $12.5 million in damages in a lawsuit brought against DuPont Co. in a long-running dispute over DuPont’s alleged termination of a manufacturing agreement.
A New York federal judge has ordered MF Global Inc. to pay $1.2 billion to commodities customers who saw their money vanish when the broker-dealer collapsed two years ago, and slapped the brokerage with a $100 million penalty, according to a statement released Monday.
Google Inc. convinced a New York federal judge to toss a proposed class action on Friday over the company's $8.5 million privacy violation settlement, saying the Internet giant can enforce the forum selection clause in its user agreement to conduct such disputes in California.
A New York federal judge's decision Friday to hand Jeremy Hammond a 10-year prison term for his cyberassault on Strategic Forecasting Inc. showed she took a dim view of his political activism, lawyers said Friday, giving hope to companies grappling with protecting workers and information that the sentence will make a future attacker think twice.
The Second Circuit on Friday upheld Maclaren Europe Ltd.’s victory in a coverage feud with ACE American Insurance Co., agreeing with a lower court that the insurer improperly canceled a policy that should have covered product liability claims against the English stroller maker.
California’s wrongful foreclosure litigation had been simmering for a while. Borrowers threatened with foreclosure were running to court with the goal of stopping the taking of their homes, but few of their arguments stuck. An appeals court holding in Glaski v. Bank of America, however, has turned up the heat, says Annette Mijanovic of Haight Brown & Bonesteel LLP.
When it comes to using a trendy word as part of a mark, the race is not always to the swift. That's the lesson Umami Burger is learning from its trademark infringement suit against recently opened Umami Mia Pizzeria, says Natalie Lederman of Sullivan & Worcester LLP.
The general lack of state regulation regarding urgent care is likely a direct result of urgent care’s historical outgrowth of the physician practice. However, as the urgent care model continues to evolve and proliferate, and strategic buyers continue to vertically integrate with urgent care facilities as a cost containment mechanism, there is likely to be an uptick in regulation, say attorneys with McGuireWoods LLP.
The days of signet rings, sealing wax and now, even ink signatures, are past. One might be found to have signed or subscribed to an agreement by the seemingly inconsequential act of sending an email, says Matthew McLaughlin of Venable LLP.
The recently filed New York Pizzeria case serves as a reminder that those in the restaurant industry must closely guard their cooking secrets and employ effective nondisclosure and confidentiality agreements, assuming that employees may work for a competitor following their departure, says Jessica Mendelson of Seyfarth Shaw LLP.
Capitol Records v. Vimeo in the Southern District of New York highlights some of the challenges that streaming media services face as the body of case law develops regarding Digital Millennium Copyright Act safe harbor protection. Although courts are refining the law, many of the standards employed remain vague, and therefore, dangerous and potentially costly, say Justin Pierce and Matthew Farley of Venable LLP.
With the holding by the Southern District of New York in U.S. v. Wells Fargo Bank NA, the government now formally has a False Claims Act opinion against a financial institution allowing it to toll claims without a formal declaration of war to begin the tolling period, but requiring a formal termination to end it — an unlikely result. Practically, it could mean a tolling that extends back to at least 2001 in this case, with no formal end date in sight, say Benjamin Klubes and Michelle Rogers of BuckleySandler LLP.
President Obama seems to be of the view that if law school were reduced to two years, students would incur two-thirds of the expense of attending law school, be burdened by two-thirds of the debt they currently have, and be generally economically better off than they are today after three years of law school. Most startling about the president’s proposal, however, is that he did not discuss the educational effect of his suggestion on the students or the effect on their clients, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
The use of cy pres in class action context should be eliminated or severely curtailed as it facilitates certification of classes that do not merit certification and is probably not even a reasonable approximation of class member intent, say Anthony Anscombe and Mary Elizabeth Buckley of Sedgwick LLP.
As shown by Affinity Health Plan Inc.'s recent settlement with the U.S. Department of Health and Human Resources, the modern copier poses a security risk for any company that processes or possesses personally identifiable information, personal health information or proprietary information — including trade secrets, research and development records, marketing plans, M&A strategies and financial information, says Kenneth Dort of Drinker Biddle & Reath LLP.