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.
A Manhattan federal judge on Tuesday spared the founder of hedge fund manager Weston Capital Asset Management from prison over his role in a multimillion-dollar investment fraud scheme after the government cited his crucial cooperation in prosecutions that brought down film producer David Bergstein and serial fraudster Jason Galanis.
Store managers at Trans World Entertainment Corp.’s media retailer FYE who contend they were misclassified as exempt from time-and-a-half overtime requirements had their lawsuit conditionally certified as a collective action by an Albany federal judge on Tuesday.
New York state lawmakers on Tuesday passed a bill to outlaw gender identity-based discrimination, bringing an end to a 16-year push to get the legislation on the governor’s desk.
The U.S. Supreme Court should stand behind a Second Circuit ruling classifying public access television networks as state actors who should be held accountable for upholding First Amendment rights, the documentarian whose firing prompted the litigation that resulted in the ruling said.
The U.S. Trustee’s Office on Tuesday asked a New York bankruptcy court to deny cosmetics maker Glansaol Holdings Inc.’s request to pay up to $1.4 million in executive bonuses, saying there was no proof the goals are a stretch or that bonuses won’t be going to insiders.