Four Bermuda insurance companies, found in contempt by a New York bankruptcy judge and ordered to dismiss parallel proceedings in the British territory, asked a New York district judge on Thursday to order a do-over in a suit by MF Global seeking at least $25 million on errors and omissions policies.
The House Rules Committee leader asked President Donald Trump on Wednesday for a longer delay for the U.S. Department of Labor’s fiduciary rule for retirement account advisers, saying the government needs longer than a few months to “undo the damage” the rule would cause.
The U.S. Commodity Futures Trading Commission declared on Wednesday that it will not take enforcement action until May 8 against dealers that follow European rules on swap margin requirements but don’t comply with the American rules, while the commission grapples with whether the two sets of rules are compatible.
Linklaters LLP represented Echo Polska Properties NV in connection with its €166.57 million ($179.30 million) purchase of four mall properties in Poland from Greenberg Traurig LLP-counseled Blackstone Group LP funds, according to a statement Thursday from the Polish real estate investment trust.
Cleary Gottlieb Steen & Hamilton LLP said Wednesday it represented Argentina in its recent $7 billion bond offering, the latest deal marking the country's return to international capital markets following a $16 billion bond last spring.
Apollo Commercial Real Estate Finance Inc. completed three loan transactions worth a combined $160 million during the month of January — including one for a Florida hotel — according to an announcement on Thursday from the New York-based real estate investment trust.
An investor in cloud-based information services provider and data registry operator Neustar Inc. on Wednesday filed suit to stop the company’s proposed $2.9 billion sale to an investment group, saying shareholders haven’t been given enough information to make a decision.
A group of Prudential Investments LLC investors backed off of their lawsuit alleging the financial institution breached its fiduciary duty by receiving excessive fees, neither settling nor receiving payment to end the case, according to a stipulation of dismissal filed in Maryland federal court on Wednesday.
A Manhattan federal judge refused Wednesday to grant a new trial to a former JPMorgan Chase & Co. investment banker convicted for leaking information about health care company mergers to his father, saying there was no evidence the government conspired to block the father’s testimony.
LaSalle Hotel Properties has sold a hotel in Seattle to an affiliate of AJ Capital Partners for $55 million, according to an announcement on Wednesday from the Bethesda, Maryland-based real estate investment trust.
During his tenure on the Tenth Circuit, Judge Neil Gorsuch wrote more than 30 playful, witty dissents that both entertain the reader and give clear insight to his legal thinking. Here, Law360 looks at the best of the bunch and what they say about his thoughts on legislating from the bench, prepositional phrases and everything in between.
Never one to pass up the chance to spin a good yarn, U.S. Supreme Court nominee Neil Gorsuch’s body of rulings during a decade at the Tenth Circuit casts him as a fervent storyteller. A look at some of his best opening passages reveals a narrative writing style that’s light on legalese and heavy on plot, setting and characters.
The largest initial public offering since 2015 jolted one firm ahead of peers in January, a month that saw nine offerings raise $4.1 billion, reflecting a late-January surge of deals that experts say generally bodes well for the IPO pipeline, market and political uncertainties notwithstanding.
The Senate fight over Tenth Circuit Judge Neil Gorsuch’s nomination to the U.S. Supreme Court could soon “go nuclear,” as less than a day after President Donald Trump put Gorsuch up for the court, political discussion has already turned to breaking a likely Democratic filibuster and pushing him through without any bipartisan support.
If confirmed by the Senate, U.S. Supreme Court nominee Neil Gorsuch would bring to the bench a strikingly similar judicial philosophy to that of the late Justice Antonin Scalia, but former clerks and colleagues say the Tenth Circuit judge and Colorado native’s congenial temperament couldn’t be more different from the fiery Scalia's.
A New York immigration attorney asked a California federal court for a quick win on Tuesday in the U.S. Securities and Exchange Commission's case alleging he operated as an unregistered broker-dealer and defrauded EB-5 investors, saying the activity is out of the commission’s purview.
A subsidiary of Hilltop Holdings Inc. announced on Monday that it will shell out $16 million to Rhode Island Commerce Corp. to settle claims related to a failed financing deal for the now-defunct video game company started by former baseball star Curt Schilling.
President Donald Trump nominated Tenth Circuit Judge Neil Gorsuch on Tuesday to become the next associate justice on the U.S. Supreme Court, aiming to fill the vacancy left by Justice Antonin Scalia's death. Here, attorneys tell Law360 what they think about the nomination.
Mutual fund investors challenging millions in management and distribution fees charged by Hartford Investment Financial Services LLC urged a New Jersey federal judge on Wednesday to deem the fees excessive considering only a fraction went to subadvisers who did the bulk of the work.
The Second Circuit on Wednesday restored a suit by a group of commodities traders and a hedge fund that alleged JPMorgan Chase & Co. sought monopoly power to drive down silver futures prices, saying the lower court demanded more specificity in pleadings than was necessary to press the claims and that it engaged in impermissible fact-finding.
When trial lawyers fail to recognize the unique challenges faced by in-house counsel, it jeopardizes not only the outcome of the case, but also the opportunities for future representation. These few simple strategies are hardly rocket science, but they are too often neglected, says Matthew Whitley of Beck Redden LLP.
Following Marblegate, a number of actions have been filed challenging out-of-court restructurings under Section 316(b) of the Trust Indenture Act. Until the Second Circuit decides the pending Marblegate appeal, the Southern District of New York’s decision last week in Cliffs Natural is a useful guidepost, say Miranda Schiller and Agustina Berro of Weil Gotshal & Manges LLP.
Although the case included the type of protracted, expensive and time-consuming judicial review that parties seek to avoid through arbitration before the Financial Industry Regulatory Authority, the Fourth Circuit’s opinion in UBS v. Padussis should dissuade parties from challenging arbitral awards, say Cory Manning and Adam Hegler of Nelson Mullins Riley & Scarborough LLP.
Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.
The European Commission is going way beyond its previous Pan-European insolvency project of mutual recognition of insolvency procedures and entering the world of harmonizing laws. The U.K. has to keep pace — and must look west to the U.S., says Howard Morris, senior of counsel in the London office of Morrison & Foerster LLP.
American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.
We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.
Earlier this year, the U.S. Securities and Exchange Commission’s first chief of the whistleblower program jumped ship to a law firm that specializes in bringing whistleblower claims. The message was clear — SEC whistleblowing is a growing and lucrative area, say Jon Eisenberg and Vince Martinez of K&L Gates LLP.
Last year, the IRS issued final and temporary regulations pertaining to Section 871(m) of the U.S. Internal Revenue Code, which imposes a 30 percent U.S. withholding tax on dividend equivalent amounts paid or deemed paid on certain swaps and equity linked instruments. Funds should carefully consider the implications, say attorneys from Kleinberg Kaplan Wolff & Cohen PC.
In its first opinion addressing the scope of insider trading liability in nearly 20 years, the U.S. Supreme Court limited its holding in Salman to gifts to friends or relatives, providing little clarity about the scope of the personal benefit requirement outside of that context, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.