A real estate investor launched a suit in New York state court Wednesday accusing the manager of a Manhattan apartment building, the owner of a nearby synagogue and an NYPD detective of engaging in a scheme to prevent him from exposing their mismanagement of a Manhattan apartment complex.
A shareholder derivative action filed Wednesday against JPMorgan Chase & Co. brass claims new evidence procured directly from Bernard Madoff shows JPMorgan leaders knew Madoff was engaged in fraud, but turned a blind eye in order to preserve its lucrative profits from Madoff-related business.
A former Stratton Oakmont Inc. executive on Tuesday sued Paramount Pictures Corp. in New York federal court for $25 million, alleging “The Wolf of Wall Street” portrays him as a criminal, drug user and degenerate, damaging his reputation as a banker.
Granola bar maker Kind LLC is fighting to stop snack rival Clif Bar & Co. from using new packaging that Kind says infringes its trademark-protected wrappers and logos, the company said Thursday.
A New York property rights group that includes more than 70,000 landowners is seeking a court order forcing the state to promptly decide whether to allow hydraulic fracturing, claiming Friday that Gov. Andrew Cuomo and his administration have been illegally dragging out the review process.
Lloyd's of London underwriters brought a suit in New York state court Wednesday against a former Tiffany & Co. executive about to enter prison on charges of stealing merchandise from the luxury retailer and the jewelry trader that allegedly fenced her loot, seeking to recover the resulting $5.4 million loss.
A Staten Island man was arrested and charged with tricking lenders into providing more than $8 million in financing for his father’s failed bid to acquire Maxim magazine, New York federal prosecutors said Thursday.
Litigious record label TufAmerica Inc. lodged its latest infringement lawsuit on Monday, claiming Frank Ocean's "Super Rich Kids" used an unauthorized sample of Mary J. Blige's 1992 hit single "Real Love.”
A group of professional photographers launched an complaint at Cengage Learning Inc. on Monday to prevent the bankrupt textbook publisher from discharging their potential copyright infringement claims upon leaving Chapter 11.
A group of local lawmakers and activists launched a suit Monday against the city of New York and agencies responsible for approving a plan to build a mall on the parking lot next to Citi Field in Queens, arguing that the plan violates zoning rules and was not properly vetted.
Sony Music Entertainment sued two individuals and four companies in New York federal court on Monday for allegedly selling unauthorized mixed albums for cheerleading competitions featuring tracks by Christina Aguilera, Beyonce and Adele.
The liquidating trustee for Dewey & LeBoeuf LLP continued his clawback litigation blitz on Friday when he hit five more former equity partners with lawsuits, seeking a combined $2.5 million from them.
The managing director of private equity firm The Camelot Group and an associate have been charged with stealing about $9.3 million in investor funds, prosecutors said Monday, less than two weeks after the U.S. Securities and Exchange Commission sued them over the alleged scheme.
Former investors in the Empire State Building launched a consolidated class action Friday against the executives in charge of the real estate investment trust that swallowed up the iconic building last year and issued an initial public offering, claiming the deal lost investors $600 million.
The Minnesota Twins hit Visa Inc. and MasterCard Inc. with an antitrust suit in New York federal court Friday accusing the credit card companies of monopolizing the market by fixing swipe fees, less than two months after a landmark $7.25 billion settlement over similar claims.
Crest toothpaste maker Procter & Gamble Co. on Friday accused rival Hello Products LLC of false advertising, alleging its toothpaste contained the same active ingredients as Crest despite Hello’s claims that its product was “99 percent natural” unlike its competitors', according to a suit filed in New York federal court.
Marilyn Monroe’s estate hit a Canadian restaurant franchising company with an $18 million breach of contract suit in New York state court on Tuesday, claiming though it licensed exclusive rights to use Monroe’s intellectual property, the company failed to make its licensing payments.
A prominent New York art financier is accusing Artmentum GmbH of breach of contract and of trying to defraud his art-financing firm through a purported sales deal involving works by Renoir, Picasso and other iconic artists, according to a $204 million suit filed in New York court Friday.
R.J. Reynolds Tobacco Co. and other tobacco manufacturers and retailers sued New York City on Thursday in an attempt to invalidate a recently enacted prohibition on the use of discounts or coupons for cigarette sales.
The manager of New York private equity group Camelot Acquisitions Secondary Opportunities Management has been accused of stealing more than $9 million from investors, the U.S. Securities and Exchange Commission announced Thursday.
Since the issuance of a U.S. Securities and Exchange Commission no-action letter that allows mergers and acquisitions brokers to receive transaction-based compensation without registering as brokers, a number of questions have been raised — including applicability of the relief in the private equity and venture capital context. Meanwhile, state regulators are currently considering the ramifications of the letter, say attorneys with Crowell & Moring LLP.
The recent case of Agence France-Presse v. Morel should change perceptions of what is acceptable when it comes to pulling content from social media. The New York federal court's $1.22 million verdict should ring alarm bells to media companies — and any company that uses images — about the potential pitfalls of relying on social media as a source for images, says Alicia Calzada of Haynes and Boone LLP.
A New York federal judge will soon rule as to whether lobbyists and publicists, such as myself, are guilty of conspiracy to pressure Chevron Corp. to pay a settlement for oil contamination damages — a violation of the Racketeer Influenced and Corrupt Organizations Act. A ruling in Chevron's favor would trample First Amendment rights and empower corporations to file RICO suits against attacks they dislike, says Karen Hinton of Hinton Communications.
New York insurance law had been roiled by the New York Court of Appeals' decision last June in K2 Investment Group v. American Insurance. But now, after the court reversed its own ruling, it appears clear that this episode was the result of the court being offended by the actions of the insurer, and coming up with a possible response sua sponte at oral argument, say Charles Booth and Michael Anania of Ford Marrin Esposito Witmeyer & Gleser LLP.
The lesson for small-dollar lenders from state and federal regulators cracking down on their industry is simple — in an era of extreme regulatory scrutiny, creativity in avoiding state-by-state licensing can be surprisingly expensive. Lending in a state without the corresponding state license, it turns out, is actually the long and expensive way of dealing with regulators, say Sabrina Rose-Smith and Allen Myers of Goodwin Procter LLP.
While the Second Circuit’s decision in Drawbridge Special Opportunities Fund v. Barnet has added an additional obstacle to Chapter 15 recognition and may thwart the ability of a foreign representative to effectively pursue legitimate causes of action in the U.S., it remains to be seen whether courts in other jurisdictions will generally follow suit. The U.S. Bankruptcy Court for the District of Delaware has already issued a conflicting opinion, and at least one other court — the Third Circuit — is apparently not likely to follow Barnet, say attorneys with Allen & Overy LLP.
The late U.S. Bankruptcy Judge Burton R. Lifland presided over several of the most significant bankruptcy cases in history, and spearheaded multiple groundbreaking initiatives, such as the asbestos trust structure that led to the enactment of 11 U.S.C. § 524(g), the implementation of one of the first electronic court filing systems, and the use of outside claims agents — to cite just a few examples. We write this remembrance to share our perspectives on his remarkable legacy, say attorneys with Kirkland & Ellis LLP.
The New York State Court of Appeals recently ruled in Doe v. Guthrie Clinic that a medical corporation was not strictly liable for an employee who — acting outside of the scope of employment — released confidential medical information. By declining to impose a heightened duty upon medical providers, the court attempted to balance a patient’s right of confidentiality with the placement of limitations upon an employer’s liability for an employee’s actions, says Tyson Prince of Hiscock & Barclay LLP.
State and federal tax controversies are increasingly grabbing the attention of general counsel, and governments and taxpayers alike are working hard to change the tax litigation landscape. For example, a number of states have replaced some of the Multistate Tax Compact's provisions with their own rules and formulas, and the resulting discrepancies often create opportunities for taxpayers to seek large refunds, says Donald Griswold of Crowell & Moring LLP.
While Twombly has its greatest impact on the conspiracy-related elements of an antitrust claim, it is also having a profound influence on all other aspects of antitrust pleading. Fortunately, several recent decisions by the Ninth Circuit and federal courts in California, New York and Virginia have begun to define what it means to plausibly allege the nonconspiracy elements of an antitrust claim, say Stephen Safranski and Mahesha Subbaraman of Robins Kaplan Miller & Ciresi LLP.