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 former executive of a New York City tour bus company will spend 15 months in prison after admitting to concealing and destroying documents during a U.S. Department of Justice antitrust litigation over an alleged monopoly of the hop-on, hop-off tour business, federal prosecutors announced on Thursday.
The defense in the insider trading trial of prominent gambler Billy Walters in a New York federal court hammered the government’s star witness on his lies and swindle, little and large, and reveled in revealing former Dean Foods chairman Tom Davis took his wife to a cemetery and asked her whether she was wearing a wire.
A Wal-Mart investor whose securities fraud suit against the retailer over bribery at its Mexican unit asked a New York federal judge on Thursday to allow him to file a fourth complaint, saying sealed evidence in a similar case included contents described in a brief that could save his class action.
New York, six other states and Washington, D.C., have asked the U.S. Supreme Court not to pause an appeal of the Sixth Circuit’s decision that it has jurisdiction to hear challenges to the so-called Waters of the United States rule, arguing that despite President Donald Trump’s executive order to revise or rescind the measure, the case should proceed through the courts.
Blumberg & Freilich Equities has reportedly bought a Chicago apartment building for $23.5 million, Lightstone is said to have scored $85.3 million for a New York project, and Restoration Hardware is in talks to lease an entire Miami building.