A group of nearly 50 tenants of a rent-stabilized apartment building in New York City’s Harlem neighborhood have launched suit in New York state court alleging the property’s owners have been overcharging rent since 2009.
New York and Tennessee Republican groups lodged a suit Thursday in D.C. federal court, alleging that the U.S. Securities and Exchange Commission’s rule restricting political contributions from investment advisers violates First Amendment protections and shouldn’t be enforced.
Defense contractor L-3 Communications Holdings Inc. has been hit with two putative securities class action in New York federal court, accusing the company of misleading investors before revealing accounting misconduct that caused stock prices to tumble last week.
Eagle Bulk Shipping Inc. entered Chapter 11 in New York bankruptcy court Wednesday with a prepackaged restructuring plan in hand that would see the company shed approximately $1.2 billion through a debt-for-equity swap.
Caesars Entertainment Operating Corp. has two new lawsuits on its hands after investors accused the company Monday night of fraudulently moving $779 million in assets to shield them from creditors and the gambling company sued different investors Tuesday morning over their alleged strategy to “bloody up” its financial image.
Musician Lenny Kravitz slapped merchandising company Cinder Block LLC with a trademark infringement suit in New York federal court on Monday, claiming the retailer is improperly selling goods bearing the name “Lenny Kravitz” despite an expired agreement.
Dubai-based investment firm Palma Capital Ltd. launched a $2.4 million suit in New York state court on Friday alleging that Westergaard.com Inc., a so-called blank check company for a Chinese sportswear manufacturer, breached an agreement to repay investors for failing to launch an initial public offering.
Microsoft Corp. on Friday accused Samsung Electronics Co. Ltd. of trying to sink a 2011 patent-licensing deal, alleging in a complaint filed in New York federal court that Samsung delayed payments after Microsoft bought Nokia Corp.’s mobile device business.
Deutsche Bank AG, HSBC USA Bank NA and The Bank of Nova Scotia were hit Thursday with a class action in a New York federal court alleging they engaged in a scheme to manipulate the price of silver futures.
New York federal officials on Thursday leveled wire fraud charges against the CEO of a construction company that won nearly $1 billion in contracts to provide steel for the World Trade Center project, saying he cheated a system designed to benefit businesses owned by women and minorities.
General Motors was hit with a new suit Thursday in New York federal court by more than 150 plaintiffs suing over injuries and deaths that took place before the automaker entered into bankruptcy in 2009, claiming the "restrictive" terms of the GM victims' compensation fund prevents them from qualifying for payouts.
General Motors LLC was hit with a proposed class action Tuesday in New York federal court, accusing the beleaguered car company of hiding electronic power steering defects in 1.3 million cars that led to a mass recall in March.
Raymours Furniture Co. on Wednesday was slapped with a putative class action in New York federal court, alleging the retailer improperly withholds overtime and commission wages from its sales associates.
The United Charities of the City of New York, a group of charitable organizations including the Children's Aid Society, asked a state judge Wednesday for permission to sell its Manhattan headquarters for $128 million.
Five ex-employees of supermarket chain Foodtown filed a putative class action in New York federal court on Wednesday, alleging the company and its affiliates faked wage statements to avoid paying overtime to employees in five of its New York stores.
A former graphic designer for NYG Capital LLC sued the company and its embattled CEO Benjamin Wey in New York state court Tuesday, alleging he was fired for reporting Wey's sexual harassment of an employee who last week sued the company for $850 million.
A Barclays PLC investor filed a securities class action against the banking colossus on Tuesday, saying it kept mum about willful mismanagement of its off-exchange trading pool right up until New York's attorney general revealed the alleged malfeasance in a dramatic suit last month.
Arizona Beverages USA LLC filed suit Tuesday in New York federal court alleging Hanover Insurance Co. owes it at least $1.1 million in coverage for damages sustained by its Brooklyn warehouse and distribution center during Hurricane Sandy in October 2012.
Nautilus Insurance Co. has slammed Gawker Media LLC with a suit to recover costs it paid to defend the website against privacy and copyright allegations made by Hulk Hogan over Gawker's publication of a leaked sex tape and an associated article, saying the policy excluded Hogan's claims.
Eastman Kodak Co. on Monday became the latest plaintiff in a slew of antitrust lawsuits across the nation alleging Goldman Sachs Group Inc., JPMorgan Chase and Co., the London Metal Exchange and others schemed to inflate the value of aluminum by stockpiling huge amounts of the metal.
The New York Court of Appeals' joint opinion in Hamilton v. Miller and Giles v. A. Gi Yi suggests the state is taking a pragmatic approach to disclosure of medical reports and causation and is striking a balance between the interests of plaintiffs and defendants, says Rachel Reynolds of Sedgwick LLP.
Given the expedited nature of the 2008 sale of Lehman Brothers’ brokerage business to Barclays Capital, it is not entirely surprising that ambiguities existed, but market participants can take comfort in a Second Circuit examination of the “commercial reality” of the transaction in a ruling that may affect future payouts to Lehman creditors, say Adam Friedman and Jonathan Koevary of Olshan Frome Wolosky LLP.
In addition to significantly reducing costs incurred in the preparation of privilege logs, the new categorical approach to privilege logs in New York will allow parties to identify and frame legal issues requiring the court’s attention more clearly — thus positively impacting the efficiency of the dispute resolution process as well, say Joseph Schmit and Aaron Schue of Phillips Lytle LLP.
With more and more traditionalists and baby boomers retiring, the pendulum in corporate law departments will continue to swing toward younger generations. The demographic shift underscores the shift in the skills that different generations prioritize — notably, nonlegal skills, says James Merklinger of the Association of Corporate Counsel.
The billable hour may never go away, but there are strategies that attorneys can adopt to combat the negative consequences that come from a bill, bill, bill mentality, says Josh Mait of Relationship Science LLC.
With budgets becoming increasingly stretched, state regulators have shown renewed vigor in enforcing unclaimed property laws, spawning increased litigation and bringing to the fore the question of whether life insurers must affirmatively search for potentially deceased insureds, say Thomas Cunningham and Jen Won of Sidley Austin LLP.
Although completing the upcoming Treasury International Capital Form SHL — a benchmark survey of foreign holdings of U.S. securities — is a potentially burdensome exercise, entities that already file other TIC and related forms may be able to rely on existing reporting systems within their organizations, say Julien Bourgeois and Matthew Barsamian of Dechert LLP.
Recent appellate decisions in two Foreign Trade Antitrust Improvement Act cases — Motorola Mobility LLC v. Au Optronics Corp. and Lotes Co. v. Hon Hai Precision Industry Co. — reflect potentially contradictory treatment of whether anti-competitive conduct affecting components from a global supply chain gives rise to U.S. antitrust claims, say attorneys with Foley & Lardner LLP.
Given a recent opinion from the U.S. Bankruptcy Court for the Southern District of New York, Chase Bank USA is now exposed to liability for violating a discharge injunction — a warning that lenders may need to improve processes related to reporting a debtor’s account status to credit reporting agencies, says Vitaly Libman of Thompson Coburn LLP.
What a business should not do is enact a policy or take some other action to discourage people from posting negative reviews. And a hotel in New York just learned that first hand, say Whitney Gibson and Jordan Cohen of Vorys Sater Seymour and Pease LLP.