A Chinese juice company allegedly used the promise of an initial public offering to induce private equity funds, venture capital firms and individuals to make investments, then directed the money offshore without ever conducting the IPO, a group of shareholders has told a New York state judge.
Renewable energy giant SunEdison Inc. filed for Chapter 11 bankruptcy in New York federal court Thursday, culminating a stunning fall for a company that had been flying high with investors and positioning itself as one of the world's largest clean energy developers as recently as last year.
A Republican political strategist on Monday slapped Donald Trump with a $4 million defamation suit, saying the presidential candidate and his campaign falsely claimed that she begged for a public relations job she didn’t get and that she then sought revenge by going “hostile” through her media commentary.
Insurance company AmTrust Financial Services Inc. has accused an Italian medical malpractice insurance broker and an arbitrator in New York federal court of trying to rig the outcome of two proceedings for a €400 million ($454 million) payday, stealing confidential information and possibly even issuing death threats in a fraught contract dispute.
PJT Partners Inc., the publicly traded investment bank owned by Wall Street veteran Paul J. Taubman, has been hit with a shareholder class action stemming from last month’s arrest of one of its former top officials, Andrew W.W. Caspersen, who is accused of secretly running a $95 million fraud scheme.
A pregnancy discrimination suit filed Friday in New York federal court alleges The Procter & Gamble Company fired a woman who sold Dolce & Gabbana makeup at a Saks Fifth Avenue store because her pregnant condition didn’t promote the luxury brand’s “perfect look.”
A global hibachi restaurant chain operating under the Benihana label has hit its American counterpart with a $9 million trademark licensing dispute in New York state court as it fights off efforts by the private equity firm that owns the American chain to merge the two companies.
An Italian man and the boutique firm Pavia & Harcourt LLP were accused on Thursday in New York state court of ripping off a dying French-American heiress, illegally claiming control of her estate, socking away funds in secret bank accounts and running afoul of U.S. tax laws.
An unidentified U.S. company was the victim of an elaborate email fraud scheme perpetrated by unnamed individuals with a Cyprus bank account who bilked the company out of nearly $100 million by posing as one of its overseas vendors, federal prosecutors said Thursday.
New York Attorney General Eric T. Schneiderman on Thursday said he had sued Capital District Physician’s Health Plan for allegedly denying policyholders costly hepatitis C medications and deceiving them about what is covered under their plans.
Federal prosecutors on Wednesday accused a former investment fund analyst of using his mother’s brokerage account to trade with insider information about alternative investment firm Apollo Global Management’s impending $15 billion acquisition of home security company ADT Corp.
Attorney Richard Emery of Emery Celli Brinckerhoff & Abadi LLP resigned from New York City’s Civilian Complaint Review Board a day after the board’s executive director filed a suit alleging he retaliated against her for complaining when he called her names, her attorney confirmed Wednesday.
A Florida man was arrested on Wednesday on charges of soliciting $17 million from investors who thought they were buying into Twitter Inc. and other well-known but privately held internet companies when they were merely funding the alleged fraudster's luxury lifestyle.
The U.S. Securities and Exchange Commission on Tuesday filed suit against a former manager at a ConvergEx Group LLC entity over his alleged role in a broader scheme that bilked funds managed on behalf of charities, universities and other institutional investors out of millions of dollars through the use of secret trading commissions.
Health and beauty products maker McNabb LLC on Tuesday was accused of misleading consumers by advertising a number of its sunscreen products as “natural” despite the fact that they contain synthetic ingredients, according to a proposed class action complaint filed in New York federal court.
National bridal chain David’s Bridal infringed Jenny Yoo's designs for convertible bridesmaids dresses by making knockoffs and selling them at its stores, according to a recent New York federal suit brought by the leading bridal designer's brand.
Dissatisfied candy consumers hit Mars Inc. with a putative class action in New York federal court Monday, alleging the company's M&M's Minis tubes contain too much empty space to dupe consumers into thinking they're getting more of the sugar-shelled confection than they actually are.
The law firm that represented a former New York Global Group intern who recently won $5.7 million in damages against private equity CEO Benjamin Wey in a sexual harassment and stalking case filed a defamation suit against Wey in New York state court on Friday.
A Florida-based private jet company asked a New York federal court Saturday to cement a more than $1.38 million award against a Nigerian maritime environmental solutions company in a dispute about a reneged upon agreement to buy a Bombardier aircraft.
Saint-Gobain Performance Plastics Corp. and Honeywell International Inc. are the targets of a proposed class action filed Wednesday in New York federal court relating to a toxic chemical released from the companies’ manufacturing facility that allegedly contaminated an upstate town’s water supply.
The interesting twist in a New York federal judge’s recent fraudulent transfer decision in the Madoff case is that it was the actual knowledge and intent of the transferees that mattered more and were necessary, therefore, to avoid the Bankruptcy Code safe harbors, says Maurice Horwitz of Weil Gotshal & Manges LLP.
While the U.S. Supreme Court has indicated there is some hope for a final resolution over the Obama administration's immigration action, in reality, the chances of a decision one way or another on all of the issues presented is unlikely, and we will likely have a new president and different Congress when we get the final word on the validity of the policy at issue, says Sujata Ajmera at Strasburger & Price LLP.
Recently proposed regulations that would create sweeping changes to the federal income tax treatment of related-party debt could also have far-reaching effects for state income tax purposes, particularly on the deductibility of intercompany interest expenses in states that do not adopt consolidated returns or similar rules, say Jeffrey Friedman and Madison Barnett of Sutherland Asbill & Brennan LLP.
Most employers are comfortable with the notion that, with a properly worded policy, they can access employee emails on a company-provided email server. However, what about situations where employees use web-based email, like Gmail or Hotmail, to communicate in the workplace? Using several recent cases as examples, Karla Grossenbacher at Seyfarth Shaw LLP examines an employer’s rights to access and review such communications.
Dentons is two different law firm networks in one. So even if the Swiss verein structure should eventually fail and Dentons is forced to operate as a network of independent law firms, it could still be a significant market force, says Mark A. Cohen, a recovering civil trial lawyer and the founder of Legal Mosaic LLC.
In a complaint recently filed in the Southern District of New York, licensing company Solid Oak alleges that the developers, marketers and distributors of the "NBA 2K16" video game are infringing its exclusive right to publicly display its copyrighted tattoos. Perhaps this will be the tattoo copyright case that does not settle, says Yolanda King, associate professor at Northern Illinois University College of Law.
The worst outcome for the financial industry of the Madden v. Midland Funding U.S. Supreme Court petition for a writ of certiorari would be if the court grants certiorari and then affirms the Second Circuit. The degree of damage inflicted by such a decision will depend on the court’s rationale, say attorneys with Mayer Brown LLP.
As recently demonstrated by a federal district court in Connecticut, because states have a relatively easy standard to meet when proving that e-waste recycling programs match state interests, it's not clear that future challenges to such programs on equal protection bases will be successful at the trial court level, says Joseph Kakesh at Wiley Rein LLP.
The determination of whether an oil producer may avoid the burdens of a gathering agreement through rejection in bankruptcy has boiled down to whether the agreement "runs with the land." The applicable state requirement of when an agreement runs with the land will not only determine bankruptcy disputes, but will also inform the negotiation of future gathering agreements, say Michael Connelly and David Fournier of Pepper Hamilton LLP.
While PACER is a powerful tool for gaining information, practitioners should keep in mind that certain flaws often cause lawyers to be omitted from cases they’ve worked on or to show up associated with the wrong firm. These errors build up across aggregate records, tainting any conclusions drawn from such data — often to a surprising extent, according to Brian Howard, a legal data scientist at Lex Machina.