Environmentalists sued New York agencies and officials Monday in state court, seeking to block a plan to use clean water funds in a $256 million loan to help pay for the new Tappan Zee Bridge north of New York City.
The federal government on Monday intervened in a False Claims Act suit accusing the city of New York and Computer Services Corp. of fraudulently billing Medicaid millions of dollars for services for children with developmental delays by using computer programs that automatically altered billing data.
Personal finance information service Bankrate Inc. was slapped with a putative shareholder class action last week claiming that the company misrepresented its financial condition and that its stock price "fell precipitously" when news surfaced that the U.S. Securities and Exchange Commission was investigating its 2012 financial statements.
A Texas pension fund on Thursday filed a securities class action in New York federal court against Tesco PLC over the beleaguered U.K. retailer's omission that it has overstated its profits by £263 million ($421.4 million), a revelation that sent the company's stock tumbling.
HSBC Securities (USA) Inc. was hit with yet another suit in New York federal court Tuesday alleging it fired an employee who reported a colleague's alleged sexual harassment.
The top two executives at a New York City substance abuse treatment nonprofit were indicted Wednesday over alleged insurance fraud and kickback schemes that prosecutors say lined the pockets of the father-and-son duo and allowed them to fuel a lavish lifestyle.
Calvin Klein Inc. and parent company PVH Corp. are the latest targets of allegations that they didn't pay interns for work that didn't qualify as education or training, according to a proposed statewide class action filed Monday in Manhattan.
A former New York City Police Department sergeant accepted bribes from a private investigator in exchange for confidential information about potential witnesses in federal criminal cases, U.S. prosecutors alleged in a Wednesday complaint.
The U.S. Securities and Exchange Commission on Monday was hit with another lawsuit challenging the constitutionality of its administrative proceedings, by an investor accused of trading on nonpublic information about activist investor Bill Ackman’s $1 billion bet against Herbalife Ltd.
Genesis Merchant Partners LP, a fund seeking security interests on a mortgage and in a portfolio of 23 life insurance policies, hit Gilbride Tusa Last & Spellane LLC with a negligence and breach of contract suit in Manhattan on Wednesday, claiming the firm was "completely oblivious" to the process and cost the fund some $85 million.
A federal grand jury in New York on Thursday indicted two more former traders from Dutch lender Rabobank for their roles in an alleged scheme to rig the London Interbank Offered Rate.
New York Attorney General Eric Schneiderman slammed a Papa John's International Inc. franchisee with a $2.1 million suit on Thursday, claiming it significantly underpaid its delivery workers at its Harlem locations for six years.
The ousted CEO of the company that produced “Birdman,” a movie hitting theaters on Friday, sued his former company for $55 million Wednesday, accusing it of ruining his reputation by accusing him of stealing company money, according to the complaint filed in New York state court.
A former Marc Jacobs International LLC intern accused the high-end clothing company in New York court of failing to pay interns in a putative class action, part of a wave of employment suits brought by former fashion and entertainment industry interns.
The Bank of New York Mellon Corp., acting as a trustee for a pool of home loans, has hit JPMorgan Chase Bank NA and others with a New York suit seeking $475 million over alleged misrepresentations made in the sale of $959 million in residential mortgage loans.
Lord & Taylor LLC is facing allegations by a former employee that it stood by while her boss’ “demeaning fascination” with her sexual orientation intensified into his crashing her same-sex wedding, according to a suit filed in New York federal court on Wednesday.
Mississippi’s public pension fund has launched a shareholder class action against Millennial Media Inc., claiming the mobile ad purveyor deceived investors about the viability of its technology platform prior to its $152 million initial public offering and a subsequent $162 million stock sale.
A slew of major banks, including Bank of America Corp. and BNP Paribas SA, were accused in a new class action Wednesday in New York federal court of conspiring to fix a leading benchmark for interest-rate derivatives, as an investigation by the U.S. Commodity Futures Trading Commission into possible abuses continues.
An activist investor facing an “imminent” U.S. Securities and Exchange Commission fraud suit filed his own complaint in New York federal court alleging SEC administrative actions are unconstitutional because the agency’s administrative law judges have too many layers of tenure protection.
Queens-based New York Democratic Assemblyman William Scarborough was arrested and indicted Wednesday on charges that he stole campaign funds and filed 174 false travel reimbursement requests, according to the state's attorney general.
Directors are not chosen by shareholders. In the case of most public companies, shareholders can only vote for a single slate of directors in something that resembles an old-style Soviet election. This may change, however, with the advent of the Board Accountability Project spearheaded by the New York City comptroller, says J. Robert Brown Jr. of Sturm College of Law at the University of Denver.
There was only one new corporate Foreign Corrupt Practices Act disposition during the third quarter of 2014 — between the U.S. Securities and Exchange Commission and Smith & Wesson Holding Corporation. But, continuing a rising trend in recent years, several executives pled guilty to or otherwise settled cases related to FCPA or related violations, say attorneys with Miller & Chevalier Chtd.
A New York court’s decision in Ambac Assurance Corp. v. EMC Mortgage LLC clarifies the way courts will treat certain direct claims under repurchase provisions in contracts that govern residential mortgage-backed securities, but raises questions about whether they will entertain similar claims directed by an insurer at parties with standing to exercise these same provisions, say attorneys with Locke Lord LLP.
A recent opinion by a New York bankruptcy court dismissing two largely identical proceedings in the case of MPM Silicones LLC highlights the leeway junior secured creditors may have in opposing senior secured creditors under a loosely drafted intercreditor agreement, says Isaac Pachulski of Pachulski Stang Ziehl & Jones LLP.
A pair of decisions recently issued by the Commercial Division of the New York County Supreme Court — American Media Inc. v. Bainbridge & Knight Laboratories LLC and Oorah Inc. v. Covista Communications Inc. — illustrate the difficulties a creditor faces when it seeks to extend liability beyond the contracting party, says Jeffrey Daichman of Kane Kessler PC.
Failing to identify and elicit suppressed biases hinders practitioners’ ability to de-select prospective jurors during jury selection. Five strategies can help mitigate the effects of prospective jurors’ tendency to “self-enhance,” says Joshua Dubin, principal of Dubin Research & Consulting.
The popular proverb, “you can’t have your cake and eat it too,” might need to be slightly tweaked to sum up vote changes in the context of Bankruptcy Rule 3018 and Judge Robert Drain’s decision on the matter in the Momentive Performance Materials case, says David Griffiths of Weil Gotshal & Manges LLP.
Even without a filibuster-proof majority in the Senate, it is likely to be a very active session for the Republican Congress next year — especially if they take advantage of some key legislative tools available to a congressional majority, say former congressional counsel now with Venable LLP.
The New York Court of Appeals decision in Motorola Credit Corp. v. Standard Chartered Bank firmly establishes the separate entity rule’s limits on banks' obligations in judgment enforcement proceedings. The reach of the separate entity rule, however, remains uncertain, say attorneys with Clifford Chance LLP.
Although not an obvious national security risk, a Chinese insurance company's $1.95 billion purchase of Hilton Worldwide Holdings Inc.’s Waldorf Astoria New York hotel does raise issues that would merit Committee on Foreign Investment in the United States review of the transaction, say attorneys with Wiley Rein LLP.