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Connecticut
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June 05, 2023
2 Firms Steer $740M Sale Of MB Aerospace To Barnes Group
Connecticut Aerospace company Barnes Group, advised by Wachtell Lipton Rosen & Katz, announced on Monday that it has agreed to buy MB Aerospace, advised by Simpson Thacher & Bartlett LLP, in a transaction with an enterprise value of roughly $740 million.
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June 05, 2023
Silver Golub & Teitell Adds Counsel To Class Action Team
An attorney with a decade of experience in litigation and class actions has joined Connecticut law firm Silver Golub & Teitell LLP's class action and complex civil litigation practices, the firm said on Monday.
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June 02, 2023
Kwok Ch. 11 Trustee Disputes $76M Claim By Son's Co.
The Chapter 11 trustee overseeing the sprawling Connecticut bankruptcy of alleged fraudster and Chinese billionaire Ho Wan Kwok is objecting to claims surrounding the ownership of three posh New York City apartments or, in the alternative, more than $76 million that have been filed against the estate by a company allegedly owned by Kwok's own son.
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June 02, 2023
Billionaire Car Dealer Offers $24M For Bankrupt Exile's Yacht
The Chapter 11 trustee overseeing the bankruptcy estate of exiled Chinese billionaire and alleged fraudster Ho Wan Kwok has signed a $24 million deal to sell the Lady May — the yacht upon which Steve Bannon, an adviser to President Donald Trump, was arrested — to a company connected to billionaire car dealer Herb Chambers, a late Friday filing in Connecticut bankruptcy court indicates.
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June 02, 2023
4th Circ. Won't Revive Investor Suit Over $544M Bank Merger
The Fourth Circuit has declined to revive a shareholder suit against First Connecticut Bancorp over its $544 million merger with People's United Financial Inc., saying there were no reversible errors in the district court's decision to toss the suit.
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June 02, 2023
Conn. Court Finds Tenant Stiffed Landlord $360K In Rent
A Connecticut appeals court has found a lower court was right in deciding that a series of lease modifications weren't enough to let a food service and catering business off the hook for $360,000 in back rent it tried to avoid paying as it sought to move its operations elsewhere.
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June 02, 2023
2nd Circ. Perplexed At Lack Of Recusal In Platinum Case
A Second Circuit panel seemed baffled Friday that a federal judge did not recuse himself from the case against a New York developer-turned star witness in Platinum Partners cases and other actions, given his ties to one of the other defendants and an undisclosed ex parte conversation he had with a prosecutor.
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June 02, 2023
Judge Orders Biz To Show Jurisdiction In $3.6M Crypto Suit
A Connecticut federal judge on Friday ordered a Florida marketing business to show that it has an adequate basis for jurisdiction in a breach of contract lawsuit against a cryptocurrency company, saying that the citizenship of its members aren't properly alleged.
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June 02, 2023
Conn. Man Pleads Guilty To Threatening Judge
A Connecticut man accused of sending over 100 letters with hateful statements and violent threats to judges, Connecticut state representatives, journalists and more pled guilty to one count of threatening a judge, prosecutors said.
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June 02, 2023
AGs Cut $102M Deal With Indivior In Suboxone Antitrust Case
More than three dozen state-level enforcers reached a $102.5 million deal on Friday with Indivior Inc. to resolve claims that the drugmaker monopolized the market for the opioid addiction treatment Suboxone ahead of a looming September trial.
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June 02, 2023
Conn. Atty Settles Name Suit With Ex-Partner
A conflict between a Connecticut attorney and his former partner over their firm's name — which included three suits in both state and federal court — has come to an end after the group reached a settlement.
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June 02, 2023
Lithium Extraction Biz To Merge With SPAC At $225M Value
Lithium extraction company American Battery Materials and blank-check company Seaport Global Acquisition II announced on Friday they would merge, taking American Battery Materials public at a pro forma enterprise value of $225 million.
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June 01, 2023
DCG Wants Crypto Class Actions Consolidated In Conn.
Cryptocurrency venture capital company Digital Currency Group Inc. and its CEO Barry Silbert want to see an investor suit they face in Manhattan federal court moved to Connecticut for potential consolidation with a separate action over alleged losses during the so-called "crypto winter."
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June 01, 2023
Ex-Conn. Lawmaker Gets 27 Months For $1.2M COVID Fraud
A former Connecticut state representative and city of West Haven employee has been sentenced to more than two years in prison for his role in schemes resulting in over $1.2 million in COVID relief and other funds being stolen from the city.
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June 01, 2023
The Top In-House Hires Of May
Legal department hires in May included high-profile appointments at American Airlines, Walmart and Albertsons, and at Wake Forest University. Here, Law360 Pulse looks at some of the top in-house announcements from the last few weeks.
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June 01, 2023
Longtime Gov't Health Care Atty Joins Garfunkel Wild
Health care firm Garfunkel Wild PC has announced that longtime government attorney David Traskey has joined its investigations, audits and regulatory compliance practice group after eight years as senior counsel with the U.S. Department of Health and Human Services Office of Inspector General.
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June 01, 2023
Conn. Law Firm Withdraws From $1.65M Wage Dispute
A Connecticut state court judge has released Pullman & Comley LLC from a more than five-year wage and hour class action between the owners of Chip's Family Restaurants and their servers after the firm said the defendant cannot afford to continue the litigation.
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May 31, 2023
Does A Bear Film In The Woods? Couple's Suit Says Yes
A Connecticut couple say a camera-clad bear outfitted by the state is taping their property without a warrant, accusing Connecticut's department of energy and environmental protection of violating their Fourth Amendment rights in a new lawsuit in Connecticut federal court.
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May 31, 2023
Fired Legal Assistant Fights To Keep Discrimination Suit Alive
A onetime legal assistant who sued her former firm in Connecticut state court alleging discrimination and retaliation after she was let go in July 2020 is now fighting to keep her suit alive after the firm moved for summary judgment, arguing she was fired not for requesting COVID-19 accommodations, but for performance issues.
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May 31, 2023
Yale's Retirement Plan 'Stunted' By Bad Choices, Jury Told
Yale University mismanaged and neglected its employee retirement fund for years, costing its participants millions of dollars through poor investments and needlessly high fees, an attorney for a class of 20,000 beneficiaries told a Hartford federal jury Wednesday.
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May 31, 2023
4 Firms Guiding German Tech Firm's $640M US SPAC Merger
German electronics-focused firm Schmid Group and special-purpose acquisition company Pegasus Digital Mobility Acquisition Corp. agreed Wednesday to a merger that would provide a U.S. listing for Schmid at an estimated $640 million value guided by four law firms.
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May 31, 2023
Meet The Disbarred Atty Behind Collapsed Calif. Debt Firm
The leader of a now-bankrupt California law firm accused of luring tens of thousands of clients into signing up for worthless credit repair services is a disbarred former Shook Hardy & Bacon LLP attorney residing in an Orange County mansion recently listed for sale at $15 million.
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May 31, 2023
Conn. Bill To Boost Oversight Of Prosecutors Heads To Gov.
The Connecticut House of Representatives sent a bill Wednesday to Gov. Ned Lamont that will require the 13 state's attorneys to appear once a year before the state's Criminal Justice Commission to testify on data collected from their districts, a proposal that some critics worry could contribute to a skewed view of how those prosecutors are performing.
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May 31, 2023
Prosecutor's Use Of Word 'Victim' Can't Upend Conviction
The Connecticut Appellate Court has upheld the assault conviction of a man who argued that he was deprived of a fair trial because the prosecutor used the term "victim" during the trial, finding that the use was not "sufficiently excessive."
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May 30, 2023
Paul Hastings' $12M Kwok Ch. 11 Fee Bill 'Only The Beginning'
Calling it one of the most "complex and challenging" individual Chapter 11 cases ever filed, Paul Hastings LLP asked a Connecticut bankruptcy judge on Tuesday for $12.3 million in attorney fees covering eight months of work on exiled Chinese billionaire Ho Wan Kwok's case, adding the request is "only the beginning."
Expert Analysis
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After Warhol, The High Court Must Clarify Copyright Damages
Following the U.S. Supreme Court's recent decision in Warhol v. Goldsmith, a circuit split over the Copyright Act's statute of limitations provision demonstrates a clear need for the court to decide whether the act imposes a lookback period on copyright infringement claims brought under the discovery rule, say Hugh Marbury and Molly Shaffer at Cozen O'Connor.
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Perspectives
How Attorneys Can Help Combat Anti-Asian Hate
Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.
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Opinion
Congress Needs To Enact A Federal Anti-SLAPP Statute
Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.
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Roadblocks For Cannabis Employers Setting Up 401(k) Plans
Though the Internal Revenue Code and the Employee Retirement Income Security Act generally allow cannabis businesses to establish 401(k) plans for their employees, companies must still pick their way through uncertainties around tax deductions and recruiting reliable vendors, say attorneys at Shipman & Goodwin.
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Some Client Speculations On AI And The Law Firm Biz Model
Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.
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A Lawyer's Guide To Approaching Digital Assets In Discovery
The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.
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How Tenn. Privacy Law Nuances Could Affect Compliance
Tennessee’s recently enacted data privacy law is similar to statutes passed in other states, but also contains its own nuances that could change how a business needs to comply, such as data protection impact assessments and an affirmative defense for violations, say attorneys at Lewis Rice.
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Opinion
High Court's Ethics Statement Places Justices Above The Law
The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.
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Warhol Decision May Lead To Copyright Licensing Spike
The U.S. Supreme Court's recent Andy Warhol Foundation v. Goldsmith opinion, which focused on the commercial use of "Orange Prince" rather than Warhol's artistic process, will likely lead to more copyright licensing — a small token to pay for the assurance of broad commercialization rights, say Jonathon Hance and Drew Taggart at Bracewell.
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Navigating Data Privacy Assessments Amid New State Laws
As more comprehensive privacy laws move through state legislatures, a common thread is the requirement to conduct and document a data protection impact assessment, meaning businesses should establish not only how assessments are to be conducted, but also the standards and frameworks that should be applied, say Alan Friel and Sasha Kiosse at Squire Patton.
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Opinion
Time For Law Schools To Rethink Unsung Role Of Adjuncts
As law schools prepare for the fall 2023 semester, administrators should reevaluate the role of the underappreciated, indispensable adjunct, and consider 16 concrete actions to improve the adjuncts' teaching experience, overall happiness and feeling of belonging, say T. Markus Funk at Perkins Coie, Andrew Boutros at Dechert and Eugene Volokh at UCLA.
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How The Warhol Copyright Case Affects Fair Use Protection
While the recent U.S. Supreme Court opinion in Andy Warhol Foundation v. Goldsmith narrows the scope of what qualifies as fair use, seemingly backtracking on nearly two decades of precedent, it does not close the door to appropriation art altogether, say Joshua Schiller and Benjamin Margulis at Boies Schiller.
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History Supports 2nd Circ. View Of FAA Transport Exemption
In the circuit split over when transport workers are exempt from the Federal Arbitration Act, sparked by the 2022 U.S. Supreme Court decision in Southwest Airlines v. Saxon, the Second Circuit reached a more faithful interpretation — one supported by historical litigation and legislative context, though perhaps arrived at via the wrong route, say Joshua Wesneski and Crystal Weeks at Weil.
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Tips For In-House Legal Leaders In A Challenging Economy
Amid today's economic and geopolitical uncertainty, in-house legal teams are running lean and facing increased scrutiny and unique issues, but can step up and find innovative ways to manage outcomes and capitalize on good business opportunities, says Tim Parilla at LinkSquares.
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Beware Patchwork Of State NIL Laws For Student-Athletes
With each U.S. state at a different stage of engaging with name, image and likeness laws for collegiate and high school student-athletes, the NIL world is as much a minefield for attorneys as it is for the players themselves — and counsel must remain on red alert for any and all legislative changes, say Lauren Bernstein and Dan Lust at Moritt Hock.