New York

  • March 4, 2015

    Celebrity Chef Todd English Sued Over Worker Pay Policy

    Celebrity chef Todd English and his Union Square restaurant, Olives New York, were hit with a collective action in New York federal court Tuesday alleging that restaurant employees were forced to comply with time-shaving practices that bilked them of their full earned wages and overtime.

  • March 4, 2015

    UKP Holdings Says IRS Won't Let Go Of $6 Million Refund

    Investment company UKP Holdings Inc. on Tuesday sued the Internal Revenue Service in a New York federal court for a refund of more than $6.3 million in taxes that the agency allegedly owes but has not coughed up after a yearslong mix-up over the company’s capital losses.

  • March 4, 2015

    Distillery Finds Bar's Similar Name Hard To Swallow

    Black Dirt Distilling LLC has socked Netsirk LLC with a complaint in New York federal court claiming Netsirk infringed the distillery's trademark by expropriating the Black Dirt moniker, using it for publicity and to further a restaurant's profits.

  • March 2, 2015

    Facebook's Saverin Sues FB Management Over $3M Debt

    Eduardo Saverin, one of the co-founders of Facebook Inc., sued a company tied to a securities fraud scandal, saying it owes him more than $3 million for a promissory note it bought from him to invest in a fund that was trafficking in shares of Facebook, according to a suit filed in New York on Monday.

  • March 2, 2015

    Travelers Owes Great American For Asbestos Suits, Suit Says

    Great American Insurance Co. launched two lawsuits in New York state court targeting Travelers Casualty and Surety Co. and two companies named in hundreds of asbestos-related personal injury suits, accusing them of not paying their fair share of the litigation.

  • February 27, 2015

    Manager Took From Uber Fund To Pay Twitter Investors: SEC

    The U.S. Securities and Exchange Commission on Friday accused a New York fund manager of running a Ponzi-like scheme that paid investors in a fund for pre-initial public offering shares of Twitter Inc. out of a fund that was supposed to buy pre-IPO shares of Uber Technologies Inc.

  • February 27, 2015

    NYC Apartment Owners Sue For $95M In Sandy Claims

    The owners of Stuyvesant Town-Peter Cooper Village filed suit on Thursday against Lexington Insurance Co. alleging the insurer breached its contract with the Manhattan housing development in failing to pay more than a third of its $95.3 million in claims for damage and repairs from 2012’s Superstorm Sandy.

  • February 26, 2015

    Bharara Sued Over Insider Trading Raid On Hedge Fund

    A co-founder of Level Global Investors LP sued Manhattan U.S. Attorney Preet Bharara in federal court Thursday, claiming that prosecutors falsely implicated him in an insider trading scheme to justify a fateful 2010 raid on the hedge fund.

  • February 26, 2015

    Mexican Airline Withheld Info Ahead Of $2B IPO, Suit Says

    Volaris Aviation Holding Co. has been hit in New York federal court with a proposed securities class action alleging the Mexican airline failed to disclose important information related to revenues ahead of its September 2013 initial public offering, leading to an inflated per-share price.

  • February 24, 2015

    Bodum Sues Ex-Prez For Taking Trade Secrets To Rival

    Coffee-equipment maker Bodum USA Inc. sued its former president in New York court Monday, alleging he took the company's trade secrets and customer lists when he left to take the reins at rival Alpha Dominche Ltd.

  • February 24, 2015

    Pryor Cashman Hit With $5M Suit Over Employment Audit

    The Irish Dairy Board Cooperative Ltd. launched a $5 million lawsuit Monday in New York state court against law firm Pryor Cashman LLP for an allegedly negligent employment audit that the exporter says has led to a series of expensive class action suits against its California subsidiary.

  • February 23, 2015

    Simon & Schuster, Tommy Hilfiger Face Unpaid-Intern Suits

    Simon & Schuster Inc., Tommy Hilfiger USA Inc. and Fendi North America Inc. are the latest companies to face proposed class actions in New York state court accusing them of misclassifying their interns as ineligible for minimum wages, according to Friday filings.

  • February 23, 2015

    SEC Says Energy Investing Biz Misused $1M For Legal Bills

    The U.S. Securities and Exchange Commission hit an energy investment company and two executives with a complaint in New York federal court Friday, alleging they diverted $1 million from investors to cover their expenses from defending a separate lawsuit.

  • February 20, 2015

    Hustler Club Stripped Dancers Of Minimum Wage, OT: Suit

    Larry Flynt’s Hustler Club in New York was slapped with a proposed federal class action on Wednesday alleging it misclassifies its exotic dancers as independent contractors to deny them minimum wage and overtime pay in violation of the Fair Labor Standards Act.

  • February 20, 2015

    Welsh Gov't Infringed Dylan Thomas Photos, Lawsuit Says

    A U.K. company that claims to own the American copyrights to two photos of poet Dylan Thomas sued the Welsh government in New York federal court Wednesday, claiming it had used the images of the famed Welshman in U.S. tourism ads without permission.

  • February 19, 2015

    Ex-Workers Serve NJ Housewives Star Over Missed Wages

    Star of TV series The Real Housewives of New Jersey and co-owner of a Manhattan eatery Teresa Aprea was hit on Thursday with a proposed class action that spun her recent use of the phrase “karma’s a b----” against her, accusing her of “stiffing” service employees at the Little Italy mainstay.

  • February 18, 2015

    Ocwen Partner Hit With Shareholder Suit Over Ally's Troubles

    Home Loan Servicing Solutions Ltd. has been hit with a shareholder class action that accuses the company of lying about its exposure to the regulatory troubles of Ocwen Financial Corp., which has been mired in legal problems over its mortgage servicing practices.

  • February 18, 2015

    Investment Co. Seeks Damages From Tax Shelter Client

    A Connecticut investment firm is seeking damages from a client who accused the company of fraud for its role in a tax shelter that he allegedly used to try to hide some $12 million in income, according to a complaint filed in a New York federal court.

  • February 17, 2015

    Jailed DHB Founder Sues Atty In $246M Malpractice Suit

    The jailed founder of DHB Industries Inc. has filed a $246 million lawsuit in New York court against his former counsel, accusing attorney Richard Levitt and his firm of legal malpractice in connection with the defense of his insider trading and fraud case.

  • February 12, 2015

    Hudson Must Cover NYU In Post-9/11 Injury Rows, Suit Says

    Two insurance companies that issued policies to New York University sued Hudson Insurance Co. in New York court Wednesday, seeking coverage for the university, as an additional insured on a contractor's policy, in underlying personal injury actions stemming from post-9/11 cleanup work.

Expert Analysis

  • Will Elimination Of Tipping Reduce Wage-And-Hour Risks?

    Rana Nader

    With minimum wage increases already taking effect around the country, and the threat of tip credit-related lawsuits, many in the restaurant and hotel industries are rethinking the use of tipped-based compensation models for their employees, say Jordan Bernstein and Rana Nader of Michelman & Robinson LLP.

  • How Newman Impacts Pending Insider Trading Prosecutions

    Stuart Slotnick

    If the Second Circuit's December ruling in U.S. v. Newman indeed rewrites insider trading law, the decision could threaten the validity of many high-profile convictions and terminate a years-long insider trading crackdown that, until now, showed no signs of slowing, say Stuart Slotnick and John Powell of Buchanan Ingersoll & Rooney PC.

  • OPINION: Beyond The 'Grow Or Die' Law Firm Model

    Michael Moradzadeh

    The legal world was recently stunned by a huge gamble from a well-known law firm — Dentons has decided to merge with Dacheng, the largest firm in China, creating a more than 6,500-lawyer firm. This mega-firm follows in the wake of other firms taking a policy of “grow or die.” Yet at the same time as these firms hold to their policy of expansion, the traditional law firm model is withering on the vine, says Michael Moradzadeh of Rimon PC.

  • How Obama’s Immigration Actions Impact Higher Education

    José A. Olivieri

    Although only one of President Obama's immigration-related executive actions announced in November dealt directly with higher education, it is likely that several other components of these initiatives will also affect higher education institutions, say attorneys with Michael Best & Friedrich LLP.

  • Anti-Money Laundering Compliance Is About To Get Personal

    Robert M. Appleton

    A New York requirement that senior banking executives personally "sign off" on the "adequacy and robustness" of anti-money laundering compliance programs would represent a major escalation of pressure on firms. Training key staff, especially in offices abroad and in merger or acquisition targets, is essential, says Robert Appleton, partner at Day Pitney LLP and a former supervisory assistant U.S. attorney.

  • NY Wage Recommendations Could Increase Hospitality Costs

    Glenn S. Grindlinger

    The New York Hospitality Wage Board’s recommendation to review whether tip credits should be eliminated coupled with New York Acting Commissioner of Labor Mario J. Musolino's acceptance of that recommendation clearly signals that tip credits face an uncertain future, say Carolyn Richmond and Glenn Grindlinger of Fox Rothschild LLP.

  • The Expanding Risk Of State False Claims Act Actions

    Richard Arnholt

    Recent expansion of state false claims acts represents a new front in the battle against procurement fraud, one that government contractors must be aware of in order to fully analyze and mitigate risks when contracting with state entities, say attorneys with Bass Berry & Sims PLC.

  • A Critical Step Toward Reining In Class Standing Doctrine

    Christopher Houpt

    In NECA-IBEW v. Goldman Sachs, the Second Circuit arguably opened up a new door in class action litigation when it held that investors in one securities offering had standing to represent a putative class of investors in other offerings. But the court’s decision in Policemen’s Annuity and Benefit Fund v. The Bank of New York Mellon clarifies and narrows that ruling, say Christopher Houpt and Matthew Ingber of Mayer Brown LLP.

  • Crunching The Numbers In NYDFS' Cybersecurity Report

    Mary Jane Wilson-Bilik

    While all insurers surveyed in the New York Department of Financial Services' cybersecurity report claimed to have engaged in penetration testing of their systems, the NYDFS noted that the results of this testing can become quickly outdated as new threats emerge, say Mary Jane Wilson-Bilik and John Pruitt of Sutherland Asbill & Brennan LLP.

  • Inclusionary Housing And Its Takings Law Challenges

    Ross F. Moskowitz

    As Mayor Bill de Blasio highlighted in his recent state of the city address, New York City is poised to launch a mandatory inclusionary housing program. Among the potential legal issues raised by such programs are whether they constitute unconstitutional “takings” by the government, say attorneys with Stroock & Stroock & Lavan LLP.