New York

  • April 21, 2016

    Chinese Juice Co. Lied About IPO, Shareholders Say

    A Chinese juice company allegedly used the promise of an initial public offering to induce private equity funds, venture capital firms and individuals to make investments, then directed the money offshore without ever conducting the IPO, a group of shareholders has told a New York state judge.

  • April 21, 2016

    Clean Energy Giant SunEdison Files For Ch. 11

    Renewable energy giant SunEdison Inc. filed for Chapter 11 bankruptcy in New York federal court Thursday, culminating a stunning fall for a company that had been flying high with investors and positioning itself as one of the world's largest clean energy developers as recently as last year.

  • April 19, 2016

    GOP Consultant Hits Trump With $4M Defamation Suit

    A Republican political strategist on Monday slapped Donald Trump with a $4 million defamation suit, saying the presidential candidate and his campaign falsely claimed that she begged for a public relations job she didn’t get and that she then sought revenge by going “hostile” through her media commentary.

  • April 19, 2016

    AmTrust Says Broker Bribed Arbitrator For $454M Win

    Insurance company AmTrust Financial Services Inc. has accused an Italian medical malpractice insurance broker and an arbitrator in New York federal court of trying to rig the outcome of two proceedings for a €400 million ($454 million) payday, stealing confidential information and possibly even issuing death threats in a fraught contract dispute.

  • April 18, 2016

    PJT Shareholders Sue Firm, Caspersen Over $95M Fraud

    PJT Partners Inc., the publicly traded investment bank owned by Wall Street veteran Paul J. Taubman, has been hit with a shareholder class action stemming from last month’s arrest of one of its former top officials, Andrew W.W. Caspersen, who is accused of secretly running a $95 million fraud scheme.

  • April 15, 2016

    Firing Due To Pregnancy, Ex-P&G Makeup Salesperson Says

    A pregnancy discrimination suit filed Friday in New York federal court alleges The Procter & Gamble Company fired a woman who sold Dolce & Gabbana makeup at a Saks Fifth Avenue store because her pregnant condition didn’t promote the luxury brand’s “perfect look.”

  • April 15, 2016

    Benihana Of Tokyo Opens Fire In $9M TM Row With PE Firm

    A global hibachi restaurant chain operating under the Benihana label has hit its American counterpart with a $9 million trademark licensing dispute in New York state court as it fights off efforts by the private equity firm that owns the American chain to merge the two companies.

  • April 15, 2016

    Pavia & Harcourt Named In $29M French Heiress Estate Scam

    An Italian man and the boutique firm Pavia & Harcourt LLP were accused on Thursday in New York state court of ripping off a dying French-American heiress, illegally claiming control of her estate, socking away funds in secret bank accounts and running afoul of U.S. tax laws.

  • April 14, 2016

    Overseas Email Fraud Drained $100M From US Co., Feds Say

    An unidentified U.S. company was the victim of an elaborate email fraud scheme perpetrated by unnamed individuals with a Cyprus bank account who bilked the company out of nearly $100 million by posing as one of its overseas vendors, federal prosecutors said Thursday.

  • April 14, 2016

    NY Sues Health Plan For Denying Hepatitis C Treatments

    New York Attorney General Eric T. Schneiderman on Thursday said he had sued Capital District Physician’s Health Plan for allegedly denying policyholders costly hepatitis C medications and deceiving them about what is covered under their plans.

  • April 14, 2016

    Analyst Charged With Insider Trading In $15B Apollo Deal

    Federal prosecutors on Wednesday accused a former investment fund analyst of using his mother’s brokerage account to trade with insider information about alternative investment firm Apollo Global Management’s impending $15 billion acquisition of home security company ADT Corp.

  • April 13, 2016

    NY Civilian Review Board Chair Quits After Retaliation Suit

    Attorney Richard Emery of Emery Celli Brinckerhoff & Abadi LLP resigned from New York City’s Civilian Complaint Review Board a day after the board’s executive director filed a suit alleging he retaliated against her for complaining when he called her names, her attorney confirmed Wednesday.

  • April 13, 2016

    Fla. Man Arrested For $17M Pre-IPO Web Cos. Stock Scheme

    A Florida man was arrested on Wednesday on charges of soliciting $17 million from investors who thought they were buying into Twitter Inc. and other well-known but privately held internet companies when they were merely funding the alleged fraudster's luxury lifestyle.

  • April 12, 2016

    SEC Says ConvergEx Manager Directed Markup Fraud Scheme

    The U.S. Securities and Exchange Commission on Tuesday filed suit against a former manager at a ConvergEx Group LLC entity over his alleged role in a broader scheme that bilked funds managed on behalf of charities, universities and other institutional investors out of millions of dollars through the use of secret trading commissions.

  • April 12, 2016

    'Natural' Sunscreen Maker Hit With False Ad Class Action

    Health and beauty products maker McNabb LLC on Tuesday was accused of misleading consumers by advertising a number of its sunscreen products as “natural” despite the fact that they contain synthetic ingredients, according to a proposed class action complaint filed in New York federal court.

  • April 12, 2016

    David's Bridal Copycatted Convertible Dresses, Suit Says

    National bridal chain David’s Bridal infringed Jenny Yoo's designs for convertible bridesmaids dresses by making knockoffs and selling them at its stores, according to a recent New York federal suit brought by the leading bridal designer's brand.

  • April 11, 2016

    M&M's Minis Tubes Not Such A Sweet Deal, Consumer Says

    Dissatisfied candy consumers hit Mars Inc. with a putative class action in New York federal court Monday, alleging the company's M&M's Minis tubes contain too much empty space to dupe consumers into thinking they're getting more of the sugar-shelled confection than they actually are.

  • April 11, 2016

    'Stalker CEO' Hit With Defamation Suit By Ex-Intern's Attys

    The law firm that represented a former New York Global Group intern who recently won $5.7 million in damages against private equity CEO Benjamin Wey in a sexual harassment and stalking case filed a defamation suit against Wey in New York state court on Friday.

  • April 11, 2016

    Jet Co. Wants Contract Award Against Nigerian Co. Confirmed

    A Florida-based private jet company asked a New York federal court Saturday to cement a more than $1.38 million award against a Nigerian maritime environmental solutions company in a dispute about a reneged upon agreement to buy a Bombardier aircraft.

  • April 7, 2016

    Honeywell, Saint-Gobain Sued Over Chemical-Tainted Water

    Saint-Gobain Performance Plastics Corp. and Honeywell International Inc. are the targets of a proposed class action filed Wednesday in New York federal court relating to a toxic chemical released from the companies’ manufacturing facility that allegedly contaminated an upstate town’s water supply.

Expert Analysis

  • The Madoff Court's Focus On Intent Of Transferees

    Maurice Horwitz

    The interesting twist in a New York federal judge’s recent fraudulent transfer decision in the Madoff case is that it was the actual knowledge and intent of the transferees that mattered more and were necessary, therefore, to avoid the Bankruptcy Code safe harbors, says Maurice Horwitz of Weil Gotshal & Manges LLP.

  • Obama Immigration Case: Interpreting The Oral Arguments

    Sujata Ajmera

    While the U.S. Supreme Court has indicated there is some hope for a final resolution over the Obama administration's immigration action, in reality, the chances of a decision one way or another on all of the issues presented is unlikely, and we will likely have a new president and different Congress when we get the final word on the validity of the policy at issue, says Sujata Ajmera at Strasburger & Price LLP.

  • State Tax Fallout From Federal Related-Party Debt Plan

    Jeffrey A. Friedman

    Recently proposed regulations that would create sweeping changes to the federal income tax treatment of related-party debt could also have far-reaching effects for state income tax purposes, particularly on the deductibility of intercompany interest expenses in states that do not adopt consolidated returns or similar rules, say Jeffrey Friedman and Madison Barnett of Sutherland Asbill & Brennan LLP.

  • Monitoring Employee Communications: A Brave New World

    Karla Grossenbacher

    Most employers are comfortable with the notion that, with a properly worded policy, they can access employee emails on a company-provided email server. However, what about situations where employees use web-based email, like Gmail or Hotmail, to communicate in the workplace? Using several recent cases as examples, Karla Grossenbacher at Seyfarth Shaw LLP examines an employer’s rights to access and review such communications.

  • Dentons: A New Kind Of Network?

    MarkACohen.jpg

    Dentons is two different law firm networks in one. So even if the Swiss verein structure should eventually fail and Dentons is forced to operate as a network of independent law firms, it could still be a significant market force, says Mark A. Cohen, a recovering civil trial lawyer and the founder of Legal Mosaic LLC.

  • Tattoo Copyrights May Finally Get Their Day In Court

    Yolanda M. King

    In a complaint recently filed in the Southern District of New York, licensing company Solid Oak alleges that the developers, marketers and distributors of the "NBA 2K16" video game are infringing its exclusive right to publicly display its copyrighted tattoos. Perhaps this will be the tattoo copyright case that does not settle, says Yolanda King, associate professor at Northern Illinois University College of Law.

  • Madden In The Supreme Court: 4 Possible Outcomes

    David L. Beam

    The worst outcome for the financial industry of the Madden v. Midland Funding U.S. Supreme Court petition for a writ of certiorari would be if the court grants certiorari and then affirms the Second Circuit. The degree of damage inflicted by such a decision will depend on the court’s rationale, say attorneys with Mayer Brown LLP.

  • Challenges To State E-Waste Laws Face Tough Battle

    Joseph S. Kakesh

    As recently demonstrated by a federal district court in Connecticut, because states have a relatively easy standard to meet when proving that e-waste recycling programs match state interests, it's not clear that future challenges to such programs on equal protection bases will be successful at the trial court level, says Joseph Kakesh at Wiley Rein LLP.

  • When A Contract 'Runs With The Land' — A Look At The Laws

    Michael G. Connelly

    The determination of whether an oil producer may avoid the burdens of a gathering agreement through rejection in bankruptcy has boiled down to whether the agreement "runs with the land." The applicable state requirement of when an agreement runs with the land will not only determine bankruptcy disputes, but will also inform the negotiation of future gathering agreements, say Michael Connelly and David Fournier of Pepper Hamilton LLP.

  • Avoiding The Pitfalls Of Researching Attorneys In PACER

    Brian Howard

    While PACER is a powerful tool for gaining information, practitioners should keep in mind that certain flaws often cause lawyers to be omitted from cases they’ve worked on or to show up associated with the wrong firm. These errors build up across aggregate records, tainting any conclusions drawn from such data — often to a surprising extent, according to Brian Howard, a legal data scientist at Lex Machina.