JPMorgan Chase & Co. is facing an age and gender discrimination lawsuit filed on Friday in New York state court by a former executive director and capital adviser in its private banking division who says that a deliberately low performance rating led to her dismissal.
Bank of America NA, Deutsche Bank AG and others were hit Friday with a new proposed antitrust class action in New York federal court alleging traders working for the banks manipulated trades in the $9 trillion agency bond market.
A former investment adviser with Oppenheimer & Co. Inc. was arrested on Friday and charged with securities fraud for allegedly using information gained through a relationship with a Pfizer Inc. employee to purchase stock in the company’s acquisition targets.
Two former traders at Deutsche Bank have been hit with federal criminal charges in New York for allegedly working to manipulate the London Interbank Offered Rate, the U.S. Department of Justice said Thursday.
Business magnate Ira Rennert's Renco Group Inc. filed a lawsuit Friday in New York that seeks to thwart bondholders’ ability to collect on a $211 million judgment over allegations that Rennert and his investment holding firm helped drive the company’s magnesium production unit MagCorp into bankruptcy.
Shell Nigeria Exploration and Production Co. Ltd. asked a New York federal court Thursday to cement an almost $1.42 billion arbitral award against state-owned Nigerian National Petroleum Corp. that was handed down after disagreements arose about how to properly allocate oil and file tax documents under a production sharing contract.
Brazilian steel manufacturer Gerdau was hit with a proposed shareholder class action in New York federal court on Thursday in which investors claim the company lied about and covered up a $429 million tax evasion, violating the Exchange Act and causing stocks to drop.
An investment fund hit Israeli military communications contractor Ability Inc. with a putative class action in Manhattan federal court Wednesday, claiming the company embellished its revenues through fraudulent accounting methods, sending its stock price soaring and later plummeting when the truth came out.
A Florida jewelry company filed suits against Gannett Co. Inc. and Zazoom Inc. in New York federal court on Tuesday, alleging the media companies displayed without permission a video of a black Labrador retriever catching a lobster that was made by the jewelry company.
French rail conglomerate Alstom has accused General Electric Co. of breaking the terms of an $800 million deal for GE’s rail signaling business by launching improper arbitration proceedings to figure out final pricing adjustments, according to a complaint made available Tuesday in New York federal court.
Sullivan & Cromwell LLP on Monday urged a New York state court to enforce a $3.25 million arbitration award against coal billionaire and West Virginia Democratic gubernatorial candidate Jim Justice stemming from a dispute over legal fees the law firm claims it was owed.
Comcast asked a New York federal court Monday to find that its on-screen TV programming guides do not infringe patents owned by entertainment company Rovi, arguing certain claims brought in Texas are barred under existing and former licensing agreements between the companies.
The American Civil Liberties Union on Tuesday accused the federal government of violating the Freedom of Information Act by failing to produce complaints against Catholic hospitals that allegedly withheld appropriate care from pregnant women.
A General Motors LLC finance manager has refused to fully cooperate with the automotive giant after company investigators determined he transferred sensitive company information about pricing, strategy and other subjects onto a USB drive in breach of multiple contracts, according to a lawsuit filed in New York state court Friday.
An American chain of Benihana restaurants on Friday removed to New York federal court a breach of contract lawsuit in which its global counterpart accuses the U.S. branch of trying to use a trademark agreement to muscle the company into forking over its locations across the world.
A Hungarian musician lodged a copyright infringement suit against Kanye West in New York federal court Friday, saying the music superstar tried to force him into a licensing deal for his 1969 song that was sampled by West for his 2013 hit “New Slaves.”
Bar exam prep company BarBri Inc. and a slew of law schools were hit with a $50 million lawsuit in New York federal court Friday accusing them of colluding to stifle competition in the market for bar exam preparation courses targeted at foreign LLM graduates.
Simon & Schuster was slapped with a putative class action in New York state court on Thursday that accuses the book publishing giant of breach of contract for paying authors inadequate royalties on electronic versions of their works.
Bank of America NA, Deutsche Bank AG and other banks were hit Wednesday with a proposed investor class action in New York federal court alleging traders working for the banks manipulated trades in the $9 trillion agency bond market.
A managing director for Bank of America Corp. lodged an $8 million gender discrimination suit in New York federal court Monday accusing the bank of treating its female senior traders like “second-class citizens” and perpetuating an unfair “bro’s club” work culture.
The U.S. Supreme Court’s ruling in RJR Nabisco v. European Community, which reversed a Second Circuit decision and held that the Racketeer Influenced and Corrupt Organizations Act has limited extraterritorial application, rejects all of the prevailing rulings on extraterritoriality and offers some new takes on the court’s prior jurisprudence in that area as well as antitrust law, say attorneys at Orrick Herrington & Sutcliffe LLP.
While the federal government has not enhanced its own equal pay law, the current administration has made clear that equality in the workplace is a priority. State and local governments have taken it upon themselves to create more protections for employees, and there are several different elements employers should consider as they prepare for the possibility of defending cases under the new amendments, say attorneys at Epstein Becker Green LLP.
Committees of policyholders and medical providers would bring light and energy into the Health Republic bankruptcy and help New Yorkers avoid having to suffer a second Health Republic debacle, this one during its liquidation, says James Veach at Mound Cotton Wollan & Greengrass LLP.
When the Second Circuit heard oral arguments in Marblegate Asset Management v. Education Management Corp., one might have thought from the courtroom’s overflow crowd that it was the opening argument in a mob trial. But this is a case about a bond indenture, with the Trust Indenture Act at the heart of the debate, say Miranda Schiller and Agustina Berro of Weil Gotshal & Manges LLP.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
No one understands the concept and obligations of “fiduciary duty” better than legal professionals — and yet, many law firm partners and principals may be overlooking a significant source of liability in their practices, says Tom Zgainer, CEO and founder of America’s Best 401k.
Health Republic Insurance of New York, New York’s only Affordable Care Act nonprofit health insurer, has finally been placed in liquidation — but the liquidation process has been particularly unusual, says James Veach at Mound Cotton Wollan & Greengrass LLP.
The months-long legislative battle to legalize daily fantasy sports in New York mercifully ended last week with the passage of NY Senate Bill 8153 nearly 12 hours after the New York Assembly passed an identical version of the DFS bill. But that does not necessarily mean that DFS has cleared its final legal hurdle in New York, says Daniel Wallach of Becker & Poliakoff PA.
As traditional utility operations and ratemaking principles are being forced to change in light of technological advances and pressure from users, providers and commissions, the New York Public Service Commission’s Reforming the Energy Vision initiative introduces a framework for the role state electric utilities can play in the future, as energy markets transition to incorporate more distributed energy resources and employ third-p... (continued)
Allowing employees to use their own devices can result in lower costs, greater efficiencies and more flexible work arrangements. However, such circumstances also have the potential to pose a significant threat to an employer’s corporate network security. Attorneys at Seyfarth Shaw LLP outline the key terms that should be addressed in an employers bring your own device policy.