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New York
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.
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Latest News in New York
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September 19, 2018
NYU Workers, Attys Face Sanction Bid In 2nd ERISA Suit
New York University has called for sanctions against the NYU workers and attorneys behind a now-dismissed proposed class action alleging Employee Retirement Income Security Act violations, arguing in New York federal court that their suit had been an attempt to avoid unfavorable rulings in an earlier, identical case.
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September 19, 2018
Pension Fund Fights Ocwen Bid To Tank ERISA Mortgage Row
A company accused of profiting by pushing homeowners into foreclosure after the housing bubble burst should have to face claims that its alleged actions violated the Employee Retirement Income Security Act, and companies that helped or watched should too, a pension fund told a New York federal judge Wednesday.
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September 19, 2018
GM Criminal Case Ends After $900M Deal, 3-Year Oversight
The U.S. Department of Justice’s criminal claims that General Motors Co. committed wire fraud and made false statements related to a deadly problem with ignition switches were officially dismissed in New York federal court Wednesday after three years of oversight following a $900 million deal.
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September 19, 2018
Inovalon Investor Class Certified In Suit Over IPO
A New York federal court on Tuesday granted certification to a class of Inovalon Holdings Inc. investors that allege the technology company filed a prospectus ahead of its initial public offering that misled investors regarding the company's revenue stream, while also dismissing some claims on the grounds that the shares were not purchased during the offering.
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September 19, 2018
Liquidators Seek Ch. 15 To Track Cayman Firm's Cash
The liquidators of a bankrupt Cayman Islands-based investment advisory firm Tuesday asked a New York bankruptcy court to begin Chapter 15 proceedings, saying they need to act to find and protect the U.S. assets they believe the firm has.
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