Celebrity chef Todd English and his Union Square restaurant, Olives New York, were hit with a collective action in New York federal court Tuesday alleging that restaurant employees were forced to comply with time-shaving practices that bilked them of their full earned wages and overtime.
Investment company UKP Holdings Inc. on Tuesday sued the Internal Revenue Service in a New York federal court for a refund of more than $6.3 million in taxes that the agency allegedly owes but has not coughed up after a yearslong mix-up over the company’s capital losses.
Black Dirt Distilling LLC has socked Netsirk LLC with a complaint in New York federal court claiming Netsirk infringed the distillery's trademark by expropriating the Black Dirt moniker, using it for publicity and to further a restaurant's profits.
Eduardo Saverin, one of the co-founders of Facebook Inc., sued a company tied to a securities fraud scandal, saying it owes him more than $3 million for a promissory note it bought from him to invest in a fund that was trafficking in shares of Facebook, according to a suit filed in New York on Monday.
Great American Insurance Co. launched two lawsuits in New York state court targeting Travelers Casualty and Surety Co. and two companies named in hundreds of asbestos-related personal injury suits, accusing them of not paying their fair share of the litigation.
The U.S. Securities and Exchange Commission on Friday accused a New York fund manager of running a Ponzi-like scheme that paid investors in a fund for pre-initial public offering shares of Twitter Inc. out of a fund that was supposed to buy pre-IPO shares of Uber Technologies Inc.
The owners of Stuyvesant Town-Peter Cooper Village filed suit on Thursday against Lexington Insurance Co. alleging the insurer breached its contract with the Manhattan housing development in failing to pay more than a third of its $95.3 million in claims for damage and repairs from 2012’s Superstorm Sandy.
A co-founder of Level Global Investors LP sued Manhattan U.S. Attorney Preet Bharara in federal court Thursday, claiming that prosecutors falsely implicated him in an insider trading scheme to justify a fateful 2010 raid on the hedge fund.
Volaris Aviation Holding Co. has been hit in New York federal court with a proposed securities class action alleging the Mexican airline failed to disclose important information related to revenues ahead of its September 2013 initial public offering, leading to an inflated per-share price.
Coffee-equipment maker Bodum USA Inc. sued its former president in New York court Monday, alleging he took the company's trade secrets and customer lists when he left to take the reins at rival Alpha Dominche Ltd.
The Irish Dairy Board Cooperative Ltd. launched a $5 million lawsuit Monday in New York state court against law firm Pryor Cashman LLP for an allegedly negligent employment audit that the exporter says has led to a series of expensive class action suits against its California subsidiary.
Simon & Schuster Inc., Tommy Hilfiger USA Inc. and Fendi North America Inc. are the latest companies to face proposed class actions in New York state court accusing them of misclassifying their interns as ineligible for minimum wages, according to Friday filings.
The U.S. Securities and Exchange Commission hit an energy investment company and two executives with a complaint in New York federal court Friday, alleging they diverted $1 million from investors to cover their expenses from defending a separate lawsuit.
Larry Flynt’s Hustler Club in New York was slapped with a proposed federal class action on Wednesday alleging it misclassifies its exotic dancers as independent contractors to deny them minimum wage and overtime pay in violation of the Fair Labor Standards Act.
A U.K. company that claims to own the American copyrights to two photos of poet Dylan Thomas sued the Welsh government in New York federal court Wednesday, claiming it had used the images of the famed Welshman in U.S. tourism ads without permission.
Star of TV series The Real Housewives of New Jersey and co-owner of a Manhattan eatery Teresa Aprea was hit on Thursday with a proposed class action that spun her recent use of the phrase “karma’s a b----” against her, accusing her of “stiffing” service employees at the Little Italy mainstay.
Home Loan Servicing Solutions Ltd. has been hit with a shareholder class action that accuses the company of lying about its exposure to the regulatory troubles of Ocwen Financial Corp., which has been mired in legal problems over its mortgage servicing practices.
A Connecticut investment firm is seeking damages from a client who accused the company of fraud for its role in a tax shelter that he allegedly used to try to hide some $12 million in income, according to a complaint filed in a New York federal court.
The jailed founder of DHB Industries Inc. has filed a $246 million lawsuit in New York court against his former counsel, accusing attorney Richard Levitt and his firm of legal malpractice in connection with the defense of his insider trading and fraud case.
Two insurance companies that issued policies to New York University sued Hudson Insurance Co. in New York court Wednesday, seeking coverage for the university, as an additional insured on a contractor's policy, in underlying personal injury actions stemming from post-9/11 cleanup work.
With minimum wage increases already taking effect around the country, and the threat of tip credit-related lawsuits, many in the restaurant and hotel industries are rethinking the use of tipped-based compensation models for their employees, say Jordan Bernstein and Rana Nader of Michelman & Robinson LLP.
If the Second Circuit's December ruling in U.S. v. Newman indeed rewrites insider trading law, the decision could threaten the validity of many high-profile convictions and terminate a years-long insider trading crackdown that, until now, showed no signs of slowing, say Stuart Slotnick and John Powell of Buchanan Ingersoll & Rooney PC.
The legal world was recently stunned by a huge gamble from a well-known law firm — Dentons has decided to merge with Dacheng, the largest firm in China, creating a more than 6,500-lawyer firm. This mega-firm follows in the wake of other firms taking a policy of “grow or die.” Yet at the same time as these firms hold to their policy of expansion, the traditional law firm model is withering on the vine, says Michael Moradzadeh of Rimon PC.
Although only one of President Obama's immigration-related executive actions announced in November dealt directly with higher education, it is likely that several other components of these initiatives will also affect higher education institutions, say attorneys with Michael Best & Friedrich LLP.
A New York requirement that senior banking executives personally "sign off" on the "adequacy and robustness" of anti-money laundering compliance programs would represent a major escalation of pressure on firms. Training key staff, especially in offices abroad and in merger or acquisition targets, is essential, says Robert Appleton, partner at Day Pitney LLP and a former supervisory assistant U.S. attorney.
The New York Hospitality Wage Board’s recommendation to review whether tip credits should be eliminated coupled with New York Acting Commissioner of Labor Mario J. Musolino's acceptance of that recommendation clearly signals that tip credits face an uncertain future, say Carolyn Richmond and Glenn Grindlinger of Fox Rothschild LLP.
Recent expansion of state false claims acts represents a new front in the battle against procurement fraud, one that government contractors must be aware of in order to fully analyze and mitigate risks when contracting with state entities, say attorneys with Bass Berry & Sims PLC.
In NECA-IBEW v. Goldman Sachs, the Second Circuit arguably opened up a new door in class action litigation when it held that investors in one securities offering had standing to represent a putative class of investors in other offerings. But the court’s decision in Policemen’s Annuity and Benefit Fund v. The Bank of New York Mellon clarifies and narrows that ruling, say Christopher Houpt and Matthew Ingber of Mayer Brown LLP.
While all insurers surveyed in the New York Department of Financial Services' cybersecurity report claimed to have engaged in penetration testing of their systems, the NYDFS noted that the results of this testing can become quickly outdated as new threats emerge, say Mary Jane Wilson-Bilik and John Pruitt of Sutherland Asbill & Brennan LLP.
As Mayor Bill de Blasio highlighted in his recent state of the city address, New York City is poised to launch a mandatory inclusionary housing program. Among the potential legal issues raised by such programs are whether they constitute unconstitutional “takings” by the government, say attorneys with Stroock & Stroock & Lavan LLP.