FTI Consulting Inc. slapped Ernst & Young LLP and a former FTI employee who allegedly breached a noncompete pact with a lawsuit in New York on Wednesday, accusing the worker and Ernst & Young of seeking to plunder FTI's health solutions practice with a "full-scale raid."
Giorgio Armani Corp. was slammed with a $75 million suit in the midst of New York Fashion Week by its former general counsel, who alleged in a Tuesday New York state court filing that he was discriminated against and fired for being Mexican and diagnosed with cancer.
National Fuel Gas Co. has asked a New York federal court to block the Seneca Nation of Indians' attempts to nationalize gas pipelines in tribal lands, saying in a new suit that the tribe should be compelled to arbitrate under an existing settlement.
The City of Atlanta Firefighters’ Pension Fund on Friday filed a putative antitrust class action in New York federal court against a group of the largest dealer banks in the world, alleging collusive manipulation of the market for U.S. Treasury bills, notes, bonds and derivative financial products.
Uber Technologies Inc. faces a new claim that it illegally pockets tips, this time by two New York drivers who seek to represent a putative class of workers who allegedly never saw a dime from the 20 percent gratuity fee the company charges customers.
Whole Foods Market Inc. and one of its alcohol suppliers were hit with a trademark dilution lawsuit Thursday in New York federal court from video publisher The Criterion Collection, which claims its name was inappropriately used for a series of wines sold at the grocery store chain.
Consumer credit rating giant Fair Isaac Corp. smacked eBay Enterprise Inc. with a lawsuit in New York court Tuesday, seeking $45 million for the online auction giant's “intentional and willful” breaches of strategic partnership contracts.
While the U.S. Securities and Exchange Commission filed a stunner of a lawsuit Wednesday accusing a former U.S. attorney of fraudulently misleading a well-respected auditing firm, the enforcement action also signaled the agency’s return to a bread-and-butter theme: Auditors are gatekeepers who cannot let their vigilance down for even a second.
The U.S. Securities and Exchange Commission on Wednesday sued former U.S. Attorney Stephen B. Pence over his work as the former chairman of General Employment Enterprises Inc., as the regulator announced a wide-ranging settlement with national audit firm BDO USA and five of its partners over their work in allegedly deficient audits.
The U.S. Securities and Exchange Commission said Monday it has fined Bankrate Inc. $15 million to settle accounting fraud charges, and that it is suing two former executives over an alleged scheme to puff up quarterly earnings for the personal finance information company.
A shareholder has slapped Och-Ziff Capital Management Group LLC directors with a derivative complaint in New York County court, claiming they allowed the hedge fund manager to violate the Foreign Corrupt Practices Act in Africa and hid the misbehavior from investors despite federal investigations.
Maserati North America Inc. has been hit with a lawsuit in New York federal court by a franchisee accusing the company of manipulating dealers with unfair and illegal sales practices in order to increase profitability in the run up to a planned initial public offering by its parent company Fiat Chrysler Automobiles NV.
ABC News legal affairs anchor Dan Abrams filed a $2 million lawsuit against his neighbor, Weil Gotshal & Manges LLP partner Adam Hemlock, in New York state court Monday over a protracted and heated condominium association dispute, which prompted Abrams to launch a state bar complaint against Hemlock last year.
Venture capital-backed advertising tech company MaxPoint Interactive Inc. omitted financial information before its initial public offering, which raised $75 million before the stock price plunged, according to a putative shareholder class action filed in New York federal court Monday.
Morgan Stanley was sued for $20 million on Thursday by two former brokers who say they were fired in retaliation for bringing up fraud and illegal activity at the megabank.
Bryan Cave LLP doesn’t carry professional malpractice insurance for its individual attorneys, a former employee said in a New York state court suit Wednesday, demanding at least $2.5 million for his criminal defense of charges related to an alleged scheme to buy Maxim magazine.
Morgan Stanley was hit with a $20 million suit Monday in New York federal court by two whistleblowers who claim they were fired after complaining about unlicensed assistants and interns making batch trades in client accounts.
A company previously controlled by real estate investor David Lichtenstein hit its former counsel Pryor Cashman LLP with a $37 million malpractice suit in New York state court on Thursday, blaming the firm for a Second Circuit reversal of a $25 million judgment in a soured deal to acquire a distressed bank.
The Federal Deposit Insurance Corp. on Wednesday sued Citibank NA and U.S. Bank NA alleging they failed in their roles as trustees for residential mortgage-backed securities held by a failed bank that contributed to a $695 million loss to the regulator’s insurance fund.
A former Dunkin’ Donuts employee smacked the food and coffee chain with a harassment lawsuit Tuesday in New York state court, alleging her direct supervisor repeatedly made comments regarding her sexual orientation, gender and race, inappropriately touched and physically abused her and that she was denied wages and medical benefits.
My hope is that this article will not be seen as a rant by a senior trial lawyer. The truth is that some things get worse with the passage of time and it should be fair to comment upon such deterioration, says Dennis Suplee, a partner and former chairman of Schnader Harrison Segal & Lewis LLP.
The Second Circuit recently ruled in favor of Argentina’s central bank in one of the many proceedings initiated by unpaid bondholders, reinforcing the statutory presumption in favor of states’ instrumentalities sovereign immunity and setting a very high threshold for rebutting it, say Laurence Shore and Daniela Paez of Herbert Smith Freehills LLP.
While the Second Circuit has made clear that Bell Atlantic Corp. v. Twombly and Ashcroft v. Iqbal apply to employment discrimination complaints, it has modified their "plausible" standard to mean pleading a set of facts minimally supporting a claim of employment discrimination, says Kyle Winnick of Maduegbuna Cooper LLP.
The Consumer Financial Protection Bureau's lawsuit against Pension Funding LLC over alleged predatory lending practices was filed just five months after the CFPB warned that pension advance loans could be the new payday loans, thereby creating further financial disaster for those consumers already struggling to meet their financial obligations, says Cynthia Borrelli of Bressler Amery & Ross PC.
Though the GVS Properties ruling did not receive the press coverage of the National Labor Relations Board's Browning-Ferris decision, it should have. Effectively, the NLRB has delegated to states and local governments the ability, by statute, to force purchasers to recognize unions and be subject to collective bargaining under the National Labor Relations Act, says Ronald Kramer of Seyfarth Shaw LLP.
Design-build mechanisms are meant to be a more surefire way of ensuring that projects are built within budget and on time. But, as evidenced by New York's Tappan Zee Bridge Project, the use of design-build mechanisms in public-private partnerships can sometimes prove to be more a problem than a panacea, says Brian Lustbader at Schiff Hardin LLP.
According to a 2014 ABA report, 40 percent of law graduates didn’t have full-time, long-term legal jobs 10 months after graduation. That’s a lot of underemployed, educated young people. With such dismal employment numbers for recent graduates, it’s tempting to think we need fewer lawyers. It turns out the opposite is true, say Adam Halper and Caroline Bersak of The Family Center.
The Second Circuit's affirmation of a grant of summary judgment in Cash & Henderson Drugs v. Johnson & Johnson shows the difficult burdens that Robinson-Patman Act plaintiffs often face in litigating their claims and it reaffirms that, even when price discrimination occurs, a plaintiff must prove that it suffered harm from the discrimination, say C. Scott Lent and John Rackson of Arnold & Porter LLP.
The U.S. Bankruptcy Court for the Southern District of New York was recently asked to enforce the automatic stay to enjoin litigants from proceeding with an action against a Chapter 11 debtor’s principals in Jewish religious court. Judge Robert Drain’s decision in the case sets important precedent for any future attempts to circumvent the inherent protections of the Bankruptcy Code by proceeding in a religious forum, says Doron Ken... (continued)
Despite the Second Circuit's ruling in Berman v. Neo@Ogilvy LLC, Sarbanes-Oxley remains a robust remedy for whistleblowers who have suffered retaliation. Rather than waiving the important remedies SOX offers, a corporate whistleblower should first file a SOX claim and then, as appropriate, remove it to federal court and add a claim under Dodd-Frank, say Jason Zuckerman and Dallas Hammer of Zuckerman Law.