New York Law360 provides breaking news and analysis on legal and regulatory issues in New York state. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
Military contractor L3 Technologies Inc. and shareholders leading a securities class action against the company have some explaining to do about a nonpublic supplemental deal folded into a proposed $34.5 million settlement, a New York federal judge said Friday.
Federal prosecutors on Thursday pushed back against complaints from Chinese real estate tycoon Ng Lap Seng that the government has been slow to produce key evidence in the case accusing him of trying to bribe United Nations officials, calling the gripes inaccurate.
A New York appellate panel on Thursday reversed the dismissal of a medical malpractice and wrongful death suit accusing a hospital and medical staff of negligent care of a psychiatric patient who later committed suicide, saying the patient’s estate plausibly alleged a breach of the standard of care.
A Florida ex-convict cooperating with prosecutors in the Manhattan bitcoin-exchange bribery and fraud trial of New Jersey pastor Trevon Gross and tech expert Yuri Lebedev conceded Friday that he tried to sell information and threatened Coin.mx founder Anthony Murgio before pleading guilty.
Whole Foods Market Inc. asked the Second Circuit on Friday to scuttle rulings by the National Labor Relations Board that say recording by employees in the workplace is protected under the National Labor Relations Act, saying the board ignored its own precedent that acknowledges the “chilling effect” of recording.