John Hancock Life Insurance Co. agreed to pay more than $91 million to end a proposed class action alleging the company was jacking up life insurance policy rates by using the wrong mortality rate calculations, according to filings Friday in New York federal court.
A New York debt collector has agreed to a more than $22.5 million suspended judgment entered Thursday in a deal resolving its portion of a suit brought by the Federal Trade Commission and New York attorney general accusing it and two other firms of deceptive and abusive practices.
Dechert LLP on Friday said that 18 attorneys from Quinn Emanuel Urquhart & Sullivan LLP have joined the firm's product liability team, following Sheila Birnbaum, a defense attorney nicknamed the “Queen of Toxic Torts,” who made the jump in May.
The Second Circuit said Friday that a Jamaican immigrant convicted of a New York state marijuana charge should not be classified as an aggravated felon under the Immigration and Nationality Act.
Priderock Capital Partners has reportedly sold a Florida apartment complex for $44.4 million, the government of Uruguay is said to have picked up office space in New York for nearly $7 million and a venture that includes RSE Capital has reportedly dropped $56 million on a Florida apartment complex.
Eleven banks accused by fintech firm trueEX LLC of illegally boycotting its interest rate swaps platform and funneling business to an exchange they operated asked a Manhattan federal judge on Thursday to dismiss the suit, saying trueEX’s case is weaker than those of similar businesses in the multidistrict litigation.
Eleven firms will steer initial public offerings by 11 companies that are projected to raise more than $3.3 billion during the week of July 23, led by an estimated $1.5 billion offering from a Chinese e-commerce giant, potentially setting up a furious finish for the month.
Stroock & Stroock & Lavan LLP has continued its expansion by hiring two partners, bringing the total number of partners hired this year to seven while adding manpower to the firm's benefits and capital markets practice areas.
Schulte Roth & Zabel LLP represented Mack Real Estate Credit Strategies LP in connection with its $290 million loan to Kirkland & Ellis LLP-counseled Al Rayyan Tourism Investment Co.for a hotel on Seventh Avenue in Manhattan, according to records made public in New York on Friday.
Bankrupt envelope and printed product manufacturer Cenveo has asked a New York bankruptcy court to approve a settlement that would see the federal government pay $5.5 million to terminate a contract related to the 2020 U.S. Census.
Attorneys general from nine states asked the U.S. Food and Drug Administration on Thursday to ban menthol tobacco products, saying the flavoring serves to attract new smokers.
In the year since a Florida federal judge became the first to find that a company’s website violated a visually impaired customer’s rights under the Americans with Disabilities Act, the ruling has been both an inspiration and “bully stick," spurring a surge in litigation that attorneys say could wind up in the U.S. Supreme Court.
Three defendants accused of taking a total of $5 million in illegal profits from trades based on tips from a former Bank of America technology consultant are planning to plead guilty, a Manhattan federal judge heard on Friday, leaving one man on deck to stand trial.
Two New York congresswomen have urged President Donald Trump to appoint an election security head to prevent outside interference in the electoral process in light of the increasing evidence that Russia meddled in the 2016 election.
A New Jersey general contractor and a developer owe Dobrinski Brothers Inc. $3.76 million for work done on an excavation contract on a project in Newburgh, New York, the Pennsylvania contractor alleged in federal court Thursday.
Life sciences intellectual property lawyers made big moves recently, with Wilson Sonsini snapping up an administrative patent judge for its team and Ropes & Gray and Cantor Colburn getting IP attorneys from Fitzpatrick Cella and Locke Lord. Additionally, Kirkland and O'Melveny built up their transactions practices and Baker Donelson grew its health care team.
The attorneys general for New York, California and other states sued the U.S. Environmental Protection Agency on Thursday for suspending a rule that limited the number of remanufactured, heavy-duty trucks that could be sold, a decision issued on Scott Pruitt's last day as agency administrator.
A New York federal judge on Thursday rebuffed a bid by the head of a Chinese nongovernmental organization to parlay the U.S. Supreme Court’s recent Carpenter ruling into the suppression of evidence in his Foreign Corrupt Practices Act case, and further refused to dismiss the criminal action in its entirety.
An attorney who reportedly tried to trick Midland Credit Management Inc. into violating the Fair Debt Collection Practices Act and was sanctioned for bringing frivolous litigation over $131 lost his appeal Thursday when the Second Circuit affirmed a lower court decision tossing the suit.
The New York State Unemployment Insurance Appeal Board affirmed an administrative law judge’s determination that three former Uber Inc. drivers and those similarly situated were employees for the purpose of receiving unemployment benefits, rejecting the ride-hailing giant’s bid to withdraw its appeal, the New York Taxi Workers Alliance announced Thursday.
In the first half of 2018, technology that determines where you are and who you are garnered significant attention. Less discussed are the legislative efforts underway in the federal government and in many states to regulate these emerging technologies, says Justin Kay of Drinker Biddle & Reath LLP.
Attorney Randy Maniloff recently sat down with former Sen. Christopher Dodd at his new office at Arnold & Porter in Washington, D.C. The goal? To discover things we might not know about the author of some of the most important legislation of the last few decades.
People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.
An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.
In March, the American Bar Association issued a manual to help legal employers and victims fight sexual harassment in the legal profession. While automatic disbarment for sexual misconduct with clients may have been considered too harsh a sanction almost a decade ago, it may be revisited in the current climate, say Bonnie Frost and Kristi Terranova of Einhorn Harris Ascher Barbarito & Frost PC.
As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.
A few months after the D.C. Circuit held in PHH that the structure of the Consumer Financial Protection Bureau is constitutional, the bureau’s future remains unclear due to a New York federal judge's ruling in RD Legal Funding. And the nomination of Judge Brett Kavanaugh to the U.S. Supreme Court moves the constitutionality of the CFPB to the front of the line, say attorneys with Clark Hill PLC.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
Some asbestos plaintiffs have obtained full recovery from viable defendants and simultaneously, or later, recovered more money for the same injury from asbestos bankruptcy trusts established by those same entities. Recognizing this problem, more and more states are turning to asbestos transparency laws as a solution, say Scott Hunsaker and Karl Borgsmiller of Tucker Ellis LLP.
Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.