Venezuela Entities' Representation In NY Under Scrutiny

By Caroline Simson

Confusion over the representation of Venezuelan entities in several pending New York cases relating to the enforcement of hundreds of millions of dollars in judgments issued to terrorism victims has come to a head following the Trump administration's actions in the country earlier this month.

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Retailer Saks Global Hits Ch. 11 With Over $3B Debt

By Rick Archer and Alex Wittenberg

The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection Wednesday in a Texas bankruptcy court with $3.4 billion in funded debt, buckling under the strain of debt it used to fund its purchase of Neiman Marcus more than a year ago.

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Trump Renominates NY, Virginia US Attorneys

By Emily Sawicki

President Donald Trump is taking a second crack at securing his picks for federal prosecutors in districts where he previously failed to obtain U.S. Senate approval, including renominating Lindsey Halligan to the role of U.S. attorney for the Eastern District of Virginia, weeks after a federal judge ruled she was not lawfully serving.

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Analysis

'The Work Has Changed': How White-Collar Attys Are Coping

By Phillip Bantz

The Trump administration's dramatic policy enforcement changes over the past year, along with turmoil and turnover at the U.S. Department of Justice, has tilted the white-collar world on its axis, forcing lawyers and firms to abruptly shift focus and expand their practices, sometimes beyond traditional white-collar criminal defense matters.

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Uber, DoorDash Drivers Lost $550M In Tips, NYC Says

By Irene Spezzamonte

UberEats and DoorDash rolled out design tricks after New York City implemented a minimum pay standard for food delivery workers that has led to workers losing $550 million in tips, the New York City Department of Consumer and Worker Protection said.

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2nd Circ. Suspects Forum Shopping In Credit Suisse Suit

By Brian Steele

Two Second Circuit judges Wednesday sounded inclined to uphold the dismissal of a breach of duty claim against Credit Suisse and others tied to its auditing firm, with one saying the decision to bring the stock-plunge case in New York "almost smacks of forum shopping."

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NY High Court Upholds Manhattan Artist Loft Conversion Fee

By Nate Beck

New York's highest court has decided to keep in place a fee that New York City charges for converting designated artists' lofts in Lower Manhattan into regular residential units, rejecting arguments from a neighborhood group that the charge amounts to an unconstitutional uncompensated taking.

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Tort Report: Los Angeles Tops Annual 'Judicial Hellhole' List

By Y. Peter Kang

Los Angeles' designation by a tort reform group as a top "judicial hellhole," and the latest in a suit over a Kentucky judge shot to death in his own chambers lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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Sony Suit Over Music In USC Social Media Ads Stays In NY

By Alex Lawson

Sony Music's lawsuit against the University of Southern California over music used in social media videos promoting the school's athletic teams will remain in New York, after a federal judge found the case had compelling ties to the Empire State.

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Universal Music Cut Loose From Diddy Sex Assault Suit

By Y. Peter Kang

A New Jersey federal judge on Wednesday dismissed claims against Universal Music Group in a suit seeking to hold it liable for an alleged sexual assault of a teen girl by Sean "Diddy" Combs, saying the music giant can't be held liable for predecessor companies' alleged misconduct.

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$9.6M Deal Over Capital One 401(k) Forfeitures Gets 1st OK

By Gina Kim

A New York federal judge preliminarily approved Capital One Financial Corp.'s $9.6 million settlement to end a proposed class action alleging it improperly used $42.65 million in forfeited employee funds that were paid into the company's retirement plan to reduce its own contributions instead of curtailing administrative costs. 

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JPMorgan's Tobacco-Use Health Fee Is Illegal, Employee Says

By Sydney Price

A JPMorgan Chase & Co. employee has hit the financial giant with a proposed class action in a New York federal court accusing it of issuing health insurance plans including fee requirements for tobacco users that violate the antidiscrimination provisions of the Employee Retirement Income Security Act.

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Oracle Sued By Pension Plan Over AI-Linked Debt Disclosures

By Katryna Perera

The Ohio Carpenters Pension Plan filed a proposed class action Wednesday in New York state court against Oracle, its founder Larry Ellison and other top brass, alleging the company failed to disclose that it would need to sell significant extra debt to fund its artificial intelligence buildout.

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Bettors Say Kalshi Operates As Illegal 'Shadow' Sportsbook

By Ganesh Setty

Five sports bettors accused prediction platform Kalshi of running a "shadow" sportsbook and skirting accompanying state gambling and consumer protection laws, telling a New York federal court it shouldn't be able to hide behind federal futures contract regulations.

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NY Man Gets 3 Years For Posing As Exec To Cash Tax Refund

By Carolyn Muyskens

A Massachusetts federal judge sentenced a New York man Wednesday to more than three years in prison for impersonating an executive of a real estate investment firm to cash the firm's tax refund of more than $800,000.

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Swedbank Says DOJ Has Closed AML Probe Without Action

By Jon Hill

Swedbank, one of the biggest banks serving Europe's Baltic region, said Wednesday that the U.S. Department of Justice has released it from a long-running anti-money-laundering-related investigation, removing another U.S. legal cloud hanging over the lender.

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Judicial Misconduct Prompts New Assault Trial In New York

By Elizabeth Daley

A man who was convicted of assault, disorderly conduct and criminal possession of a weapon will get a new trial, a New York appeals court ruled Wednesday, finding that a judge improperly inserted himself into the proceedings, appearing to favor the prosecution.

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Justices Decline To Double-Punish Gun Defendant

By Phillip Bantz

The U.S. Supreme Court ruled Wednesday that subjecting defendants to separate sentences stemming from a single deadly federal firearm offense is a constitutional violation, settling a seven-circuit split and clarifying the scope of the Fifth Amendment's double jeopardy clause.

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Zillow, Redfin Look To Toss FTC's Antitrust Case

By Matthew Perlman

Zillow Group Inc. and Redfin Corp. have urged a Virginia federal court to toss the Federal Trade Commission's antitrust case against them, saying a partnership between the companies is meant to make their rental listing businesses more competitive, not to remove competition.

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Vox Media Sues Google, Adding To Ad Tech Antitrust Suits

By Rae Ann Varona

Google was hit Wednesday with yet another antitrust lawsuit over its ad tech, this time by Vox Media, which alleged in Manhattan federal court that the tech giant is unlawfully monopolizing the publisher ad server and ad exchange markets.

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Trump Admin Drops Appeal In Transportation Funds Suit

By Julie Manganis

The Trump administration has dropped its First Circuit appeal of an order blocking it from tying billions of dollars in federal transportation funding to states' cooperation with its immigration crackdown.

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Ligado Judge To Issue Ruling On Inmarsat Satellite Row

By Alex Wittenberg

A Delaware bankruptcy judge said Wednesday he would issue an oral ruling "in very short order" on telecommunications group Ligado Networks LLC's bid to stop litigation launched by Viasat unit Inmarsat Global Ltd. over Ligado's request to the government to let it license out spectrum rights.

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MoFo Taps Ex-FTX GC, Associate Counsel As Fintech Partners

By Michele Gorman

The former top lawyer and another former in-house counsel at imploded cryptocurrency exchange FTX have joined Morrison Foerster LLP as partners in its financial services and fintech industry groups, the firm announced on Wednesday.

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Ex-White & Case Arbitration Pro Steps Out As Indie Arbitrator

By Joyce Hanson

A former global head of White & Case LLP's international arbitration group announced that he has left the law firm to establish his own practice as an independent arbitrator in New York.

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SDNY Atty Signals Return To Private Fund Valuation Scrutiny

Recent remarks by the U.S. Attorney for the Southern District of New York — hinting that regulators are renewing their focus on private fund advisers who overvalue portfolio assets to drive up investor fees — should prompt firms to review their valuation methodologies and address potential conflicts of interest now, say attorneys at Debevoise.

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Series

NY Banking Brief: All The Notable Legal Updates In Q4

In the fourth quarter of last year, New York state enacted several developments that affect financial services regulation and business, cementing upcoming compliance obligations including cybersecurity best practices and retail stores' cash management, says Chris Bonner at Barclay Damon.

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A Look At EEOC Actions In 2025 And What's Next

President Donald Trump issued several executive orders last year that reshaped policy at the U.S. Equal Employment Opportunity Commission, and with the administration now controlling a majority of the commission, the EEOC may align itself fully with orders addressing disparate impact and transgender issues, say attorneys at Jones Day.

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Series

The Law Firm Merger Diaries: Forming Measurable Ties

Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

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Jury Seated In Goldstein Trial, Arguments To Start Thursday

By Jared Foretek

A federal jury was seated in Thomas Goldstein's felony tax and mortgage fraud case Wednesday, but the government will wait until Thursday to begin making its case.

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Calif. Bill Would Ban AI From Replacing Arbitrators' Analysis

By Emily Sawicki

A bill introduced in the California state Senate seeks to regulate attorneys' use of generative artificial intelligence statewide, including banning lawyers from entering private client information into public AI systems and prohibiting arbitrators from utilizing AI in decision-making.

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Sinema Sued Under Rare Law By Her Former Guard's Ex-Wife

By Abigail Harrison

Former U.S. Sen. Kyrsten Sinema, now a Hogan Lovells attorney in Washington, D.C., destroyed a 14-year marriage by sustaining an affair with a former member of her security detail and U.S. Senate staff, according to a lawsuit that hit North Carolina federal court Wednesday.

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DOJ Calls On 3rd Circ. To Rethink Habba DQ Ruling

By Ryan Boysen

In a request for rehearing en banc filed Wednesday, the federal government asked the Third Circuit to reconsider its decision blocking Alina Habba from serving as acting U.S. attorney for New Jersey, saying the issue is "of exceptional importance."

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Graham Blocks Bill To Repeal DOJ Lawsuit Provision

By Courtney Bublé

Sen. Gary Peters, D-Mich., tried and failed Wednesday to expedite the passage of a bill that would repeal a provision of the government funding package enacted in November that allows senators investigated by former special counsel Jack Smith to sue for damages.

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House Blocks GOP Bid To Cut Funds For DC Judges, Courts

By Courtney Bublé

The House on Wednesday failed to approve a Republican-led amendment to a government funding bill that would decrease the funding for D.C. courts and take aim at two federal judges Republicans are looking to impeach.

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