The liquidation trustee for the estate of Getty Petroleum Marketing Inc. has filed an adversary complaint against the men who purchased the company from a unit of OAO Lukoil for $1 in 2011, claiming the buyers drained $6.5 million from the company mostly to line their own bank accounts.
New York federal prosecutors on Thursday charged dozens of current and former Russian diplomats and their spouses with lying about their incomes to score Medicaid benefits in the U.S., pulling back the curtain on an alleged $1.5 million health care fraud scheme.
Goldman Sachs Group Inc. was sued for fraud on Wednesday by a Singaporean investor who claims he lost over $34 million after the investment bank conned him into executing two exotic currency option trades by lying about the terms, while it reaped millions of dollars in commissions and fees.
Donald Trump asked the New York State Joint Commission on Public Ethics on Monday to investigate Attorney General Eric Schneiderman, claiming he solicited campaign contributions from Trump while investigating the real estate mogul's for-profit school for allegedly misleading students.
The liquidating trustee for Dewey & LeBoeuf LLP on Wednesday slammed two of the defunct firm’s former top executives with a lawsuit seeking a combined $37.2 million in judgments based on allegations that they received outlandish payments while the firm was insolvent.
A contractor hired by New York’s Metropolitan Transit Authority to manage some of its parking lots issued tickets with no recourse to contest the fines, according to a putative class action filed Tuesday accusing the MTA and its contractor of unjust enrichment and due process violations.
Employees of chicken wing chain Planet Wings Inc. recently launched a putative class action in New York federal court, alleging the restaurant failed to pay overtime and spread-of-hours wages.
A Staten Island man recently hit Rite Aid Corp. with a proposed class action in New York federal court, alleging the pharmacy chain falsely advertises that its store-brand glucosamine and chondroitin supplements can ease arthritis symptoms, despite overwhelming scientific evidence to the contrary.
A woman who says her photo was used to make fake profiles on IAC/Interactive Corp.-owned dating sites, including Match.com, filed a $1.5 billion putative class action Thursday seeking to force the sites to use facial recognition technology to protect customers from fraudulent profiles.
Vitamin Shoppe Industries Inc. on Thursday sued law firm Seeger Weiss LLP in New York federal court, arguing the firm had misused its trademarks on a website designed to solicit plaintiffs for a class action over alleged misrepresentations related to its BodyTech protein supplements.
A Queens County, N.Y., housing cooperative sued in federal court on Thursday to undo Fidelity National Property and Casualty Insurance Co.’s cancelation of seven property policies, which the corporation says stripped away more than $10 million in coverage for Superstorm Sandy damage.
A pair of investment firms on Thursday slapped Barclays Bank PLC, UBS AG and others with a $100 million lawsuit in New York Supreme Court, claiming the banks breached contracts with investors by conspiring to rig the London Interbank Offered Rate for their own gain.
Luxury home rental site operator Villa Trader on Wednesday hit online host Rackspace, which had supported its accommodation services site Villuxe.com, with a $1.5 million suit over data loss.
Gulfstream Aerospace Corp. on Wednesday filed a trademark infringement suit against aviation enthusiast website Aviloop and its founder Nadia Marcinko over their use of the moniker "Gulfstream Girl," claiming Marcinko has illegally profited from the company's trademarks.
Microsoft Corp. hit Acacia Research Corp. with a lawsuit Wednesday in New York federal court that reportedly accuses the patent licensing company of breaching a deal to license smartphone and tablet computing technology patents to Microsoft.
An ex-partner of Ropers Majeski Kohn & Bentley PC wrongly filed a securities suit in state instead of federal court then exorbitantly charged $200,000 in attorneys' fees and costs, according to a legal malpractice complaint filed Monday in New York court.
DHL Express' U.S. holding company sued Air Canada Tuesday for $2 billion in damages tied to its alleged role in a global conspiracy to fix air cargo prices.
Five New York State Department of Taxation and Finance employees say their tax returns were unlawfully audited in retaliation for a purported leak to the New York Post, according to a federal lawsuit filed Monday.
An SEC compliance examiner was arrested in New York Tuesday, facing criminal charges in federal court for making false statements about keeping certain stocks that SEC employees are prohibited from owning under the agency’s ethics rules.
A dermatologist who says he developed light-based hair-removal systems is suing the owner of Remington razors for infringing at least five of his patents, according to a suit filed Thursday in New York federal court.
In Rowland v. Novartis Pharmaceuticals Corp., three Pennsylvania plaintiffs — merely because they were rousted to multidistrict litigation — received the advantage of the different choice-of-law rules for states to which they had no connection, rather than being bound by the choice-of-law rules of their actual domiciliary state. Where, as in Rowland, the plaintiff is a pure litigation tourist, this is an absurd result, says James Beck of Reed Smith LLP.
A recent Federal Energy Regulatory Commission order will permit Rockies Express Pipeline to enter into transactions to transport shale gas east to west within its easternmost zone without triggering a rate reduction for its foundation and anchor shippers. Rockies Express’ ability to enter into such transactions will provide a new source of gas supply for Midwestern markets and an attractive outlet for Marcellus and Utica production, say attorneys with Van Ness Feldman LLP.
What is the thinking as to whether leaky air conditioner cases warrant multidistrict litigation treatment? On Dec. 5, the Judicial Panel on Multidistrict Litigation heads to Vegas to find out. This will bring a temperature shift in more ways than one from the September hearing, where the panel considered a potential MDL proceeding arising from allegedly defective clothes dryers, says Alan Rothman of Kaye Scholer LLP.
Five years ago, the Federal Trade Commission waded into the debate regarding the competition issues posed by “follow-on biologics.” Some three years after Congress provided a pathway for approval of such products, no follow-on biologic has been approved by the U.S. Food and Drug Administration. Now the FTC is revisiting the issue — particularly state restrictions, say attorneys with Wilson Sonsini Goodrich & Rosati.
The New York State Department of Financial Services is “requiring” about 200 banks “to answer questions in real time on Dec. 12 to assess their cybersecurity policies and processes.” But the DFS will not necessarily learn anything new from the Web-based, real-time surveys, nor is that the stated intent, say Ronald Sarachan and Zoe Wilhelm of Drinker Biddle & Reath LLP.
Three recent cases applied the economic substance doctrine, with quite different results, to the "structured trust advantaged repackaged securities" transaction, one of several foreign tax credit generators the IRS is aggressively challenging. These decisions likely foreshadow a fight in the circuit courts over STARS and the economic substance doctrine, say Robert Probasco and Lee Meyercord of Thompson & Knight LLP.
A new avenue of recovery has just been opened to Madoff victims. The U.S. Attorney for the Southern District of New York recently announced that the Madoff Victim Fund would begin accepting claims. Those who lost money invested with Madoff — indirectly or directly — should be aware of several aspects of the MVF so they can maximize their recovery, say James Masella and Jeremy Weinberg of Patterson Belknap Webb & Tyler LLP.
Organizations that handle personal information have an overwhelming need to screen out untrustworthy job applicants. However, a legislative trend aimed at reintegrating millions of ex-offenders into the workforce has picked up so much steam that this practice is now illegal in some jurisdictions, forcing employers to rethink whether they should ask the question at all, says Philip Gordon of Littler Mendelson PC.
Mandated law student pro bono programs have not worked in championing the causes of social justice for those unable to afford counsel. States would be far better off using their resources to insist on a legislative solution to a very troubling and persistent deficiency in the allocation of legal resources, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
In Romanello v. Intesa Sanpaolo, the New York Court of Appeals found that under the city's Human Rights Law, there is no requested employee disability accommodation that is per se unreasonable, including a request for indefinite leave. At a minimum, an employer should carefully document its efforts to reach an accommodation, and its reasons for determining that a requested accommodation will be ineffective, say Terri Solomon and Jennie Woltz of Littler Mendelson PC.