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.
Green energy giant SunEdison’s yieldco, TerraForm Power LLC, asked a New York court Tuesday to toss private equity investors' $231 million suit stemming from a deal for a clean energy company, saying the dispute belongs in bankruptcy court.
Andrew J. Ceresney, former director of the U.S. Securities and Exchange Commission Enforcement Division, will return to his home firm of Debevoise & Plimpton, where he will resume his practice as a white collar partner and co-chair of the firm’s litigation department, Debevoise announced Tuesday.
A New York federal judge on Monday struck down a challenge to a state law regulating cigarette sales taxes, finding that the law does not hamper the tribal sovereignty of the Seneca Nation of Indians and the Cayuga Indian Nation.
Deutsche Bank must shell out a total award of nearly $110 million after a New York state appeals court on Tuesday affirmed two hedge funds’ victory in a breach of contract dispute over complex financial instruments known as credit default swaps.
A New York federal judge Monday preserved most of a suit claiming Deutsche Bank National Trust Co. failed to protect investors from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities, dismissing only the claims the bank had a conflict of interest.