Lions Gate Entertainment Corp. investors slammed the studio with a securities class action in New York federal court Friday, claiming the value of their stock dropped after the U.S. Securities and Exchange Commission assessed a $7.5 million fine over efforts to block a takeover by billionaire investor Carl Icahn.
Private equity firm Lion Capital Inc. is demanding immediate repayment of nearly $10 million in loans from American Apparel Inc. following the beleaguered clothing retailer’s recent ouster of its founder Dov Charney, according to documents filed in a New York court Friday.
Cartier's owners have accused an ex-employee of plotting a digital heist of the jeweler's trade secrets, trying to lure her Cartier underling to join her at rival Tiffany & Co. and swiping her work cellphone number, according to a New York federal suit.
IXIS Real Estate Capital Trust filed suit against Natixis Real Estate Holdings LLC in New York state court on Tuesday, claiming Natixis refused to buy back defective loans it had pooled into residential mortgage-backed securities after they lost almost $400 million in value.
A former Soros Fund Management LLC portfolio manager sued the New York-based hedge fund Thursday for almost $20 million claiming Soros fired him without cause and then refused to pay him performance fees and other monies owed under his contract.
A California federal judge has tossed a proposed class action accusing The Hain Celestial Group Inc. of misleadingly labeling and advertising its vegetable juice products as "raw" and "organic," ruling that the plaintiffs relied on evidence that contradicted their claims.
New York-based brokerage Cantor Fitzgerald & Co. has hit 8an Capital Management Partners Master Fund LP with a lawsuit in state court alleging the fund unlawfully transferred $500,000 to a Swiss bank account to avoid paying an impending $2.8 million judgment against it for breach of contract.
Lenders for Stuyvesant Town-Peter Cooper Village sued CWCapital Asset Management LLC and affiliates of Wachovia in New York state court Thursday, alleging that CWCapital cost them hundreds of millions of dollars when it recently took control of the property.
A former employee hit Coach Inc. with a proposed class action in New York state court on Tuesday for allegedly misclassifying employees as unpaid interns and failing to pay them minimum wage, making Coach the latest in a growing number of companies to be hit with such allegations.
A group of former employees at Goldman Sachs Group Inc. upped the ante on Tuesday in a lawsuit that alleges the bank pays women less, sexualizes women and undermines their success, asking a New York federal judge to certify them as a class.
An auto dealer who was snubbed in his attempt to buy another set of New York dealerships selling vehicles made by Jaguar Land Rover North America LLC, Honda Motor Co. and Volvo Group North America slapped his one-time acquisition target with a $50 million breach of contract suit Monday.
New York federal prosecutors on Tuesday charged Thomas W. Libous, a senior state Republican lawmaker from Binghamton, with making false statements to the FBI in connection with a probe into whether money was being illegally funneled from an Albany lobbying firm to his son.
A group of banks, insurance companies and asset managers with investments in residential mortgage-backed securities trusts hit trustee Bank of New York Mellon Corp. with a suit in New York court Friday, claiming they have suffered losses because of the trustee's failure to acquire and hold critical mortgage loan documents.
Fireman's Fund Insurance Co. has launched a suit against OneBeacon Insurance Co. in New York federal court, demanding that the reinsurer chip in toward its $35 million settlement providing coverage for asbestos injury claims against mining company Asarco Inc.
Two North American Daimler AG units on Friday sued the old Chrysler company’s liquidation trust in bankruptcy court, saying the trust is violating an agreement to hand over to the German automaker millions of dollars in tax refunds dating back to 2007.
Goldman Sachs & Co. asked for a New York court order on Friday requiring Google Inc. to delete a confidential email accidentally sent by a Goldman Sachs consultant to a stranger’s Gmail account.
A Credit Suisse Group AG unit on Friday sued two of its former directors and financial advisers in New York state court, alleging they took detailed client information with them when they went to work for JP Morgan Securities Inc. in violation of confidentiality agreements.
The U.S. Department of Justice on Friday joined a whistleblower’s False Claims Act suit accusing New York's Mount Sinai Health System of failing to return hundreds of Medicaid overpayments within 60 days of identifying them, one of the first examples of litigation involving an important Affordable Care Act provision.
Pfizer Inc. hit McNeil-PPC Inc. with a complaint in New York federal court on Thursday, accusing the maker of Tylenol of trying to block ads for Pfizer's pediatric Advil medication by wrongly expanding a 25-year-old court order on advertising for adult Advil.
The New York Times Co., Dow Jones & Co. Inc. and Forbes Inc. have been hit with a class action in New York federal court claiming they provided subscriber lists to fraudsters who collected inflated subscription renewal fees and pocketed the extra money.
A decision in Better Markets Inc. v. United States Department of Justice may provide more clarity on the scope of Executive Branch discretion in resolving corporate cases and whether there is any role for “public interest” litigation in such matters, say attorneys with Ropes & Gray LLP.
When drafting restrictive covenants in New York, employers and their counsel need to keep in mind the seminal appellate case BDO Seidman v. Hirshberg, which lays out what constitutes a reasonable covenant while setting the terms for what will be judicially enforced in the state, say Richard Janvey and Joan Secofsky of Diamond McCarthy LLP.
U.S. District Judge Jed Rakoff’s recent decision to block the Madoff Securities trustee's ability to recover customer funds transferred abroad by foreign feeder funds is hardly novel in view of U.S. Supreme Court and Second Circuit precedent, says Michael Cook of Schulte Roth & Zabel LLP.
The New York Court of Appeals' recent decision in KeySpan Gas East Corp. v. Munich Reinsurance America Inc. affirmed the limited application of the statutory standard to only bodily injury and death claims, thereby recognizing that the heightened standard was not appropriate for environmental and property damage claims, say Joanna Roberto and Paul Steck of Goldberg Segalla.
In United States v. Park, the Second Circuit handed the government a rare victory by vacating a district court's probationary — rather than prison — sentence for tax fraud, but the government’s victory may be pyrrhic, says Jed Silversmith, of counsel at Blank Rome LLP and a former federal prosecutor.
The trend of indexing minimum wage increases to the Consumer Price Index will have significant, long-term implications for states and municipalities, telling us two things: minimum wage rates will likely continue to rise annually and will bring with them an increase in potential wage liability exposure for employers, say James McNeill and Peter Stockburger of McKenna Long & Aldridge LLP.
It only took the threat of a 10 cent cost increase to make people bring their own bags to Bay Area grocery stores. What if we gave partners an extra $10,000 for increasing diversity in their firms? asks Orrick Herrington & Sutcliffe LLP partner Patricia Gillette.
District Judge Katherine Failla’s practical approach to a novel question in Dimond v. Darden Restaurants has likely stemmed the tide of copycat litigation that would surely have plagued restaurant owners in New York if the deceptive-practice suit had been allowed to proceed, say Gerald Maatman Jr. and Gina Merrill of Seyfarth Shaw LLP.
Across a patchwork of regulation among northeastern states, the disposal of waste generated from hydraulic fracturing — including potential radiation issues — will no doubt continue to be a focus of regulators, industry and waste-disposal companies as fracking operations grow across the U.S., says Caroline Toole of Weil Gotshal & Manges LLP.
Once signed by New York Gov. Andrew Cuomo, a revitalization of the Wage Theft Prevention Act presents a mixed bag for employers. While elimination of the annual wage notice requirement helps employers, a majority of the bill's remaining provisions are employee-friendly, say Cindy Minniti and Mark Goldstein of Reed Smith LLP.