A holding company that federal prosecutors say benefited from a huge Russian fraud scheme whose alleged perpetrators have been blacklisted by the U.S. government for having investigator Sergei Magnitsky killed asked a Manhattan federal judge on Thursday to bar any mention of the man at an upcoming trial.
A trio of mobile health app developers have agreed to pay $30,000 and revise their advertising and privacy policies to resolve the New York attorney general's claims that they falsely touted their apps' ability to measure key vital signs and were unclear about what data the apps scooped up, the regulator said Thursday.
A New York federal judge ruled Friday that UPS Inc. is liable for allegations by the Empire State and New York City that the shipping giant helped traffic untaxed cigarettes from tribal lands, but said she needed more information before deciding how much of the $872 million the plaintiffs are seeking should be awarded.
Bankrupt women's apparel company BCBG Max Azria Group Inc. on Friday said it should be permitted to avoid making an approximately $7 million golden parachute payment to Lubov Azria, the company’s former chief creative officer and wife of founder Max Azria, calling it a “sound exercise of business judgment.”
Foreign currency buyers alleging they were charged falsely inflated prices as a result of a massive, ongoing price-fixing conspiracy by the world’s largest banks saw their latest complaint tossed out Friday by a New York federal judge, who said they failed to show how they suffered any antitrust injury.
JPMorgan Chase & Co. on Friday blasted a former executive’s bid to disqualify the New York federal judge handling her retaliation suit against the company, saying the judge’s comment that he “wouldn’t wish the case on [his] worst enemy” was “obviously humorous.”
A Columbia University law professor sued the Ivy League school in New York state court for age discrimination Thursday, alleging he was removed from a course he was teaching in a move to force his retirement by threatening his tenure status.
A former Dewey & LeBoeuf LLP finance staffer told a Manhattan federal jury Friday she did not think she was committing a crime by making improper accounting entries into the law firm’s books, and confirmed that former Executive Director Stephen DiCarmine never told her to do anything inappropriate.
Jacoby & Meyers LLP lost its bid to revive its yearslong suit challenging New York state regulations barring nonlawyers from investing in law firms on Friday when a Second Circuit panel said the firm’s free speech claims fell flat.
Delaware's high court ruled Thursday that New York law applies to Chemtura Corp.'s entire dispute with Lloyd's of London underwriters over coverage for costs to clean up a pair of contaminated sites, overturning a lower holding that the laws of the states where the underlying claims arose should apply on a claim-by-claim basis.
Secured SunEdison Inc. lenders fought back Thursday against the solar company's unsecured creditors’ allegations that the lenders benefited from hundreds of millions of dollars in fraudulent transfers used to mask SunEdison's deteriorating finances, calling the claims rooted in dismay over the prospect of getting no return.
A Manhattan federal judge Thursday axed a $160 million suit alleging the Internal Revenue Service helped Ernst & Young conceal evidence of an investigation into tax shelters that cost two former Sprint executives their jobs, finding the claims are not covered under the Federal Tort Claims Act.
Several drivers in upcoming trials over General Motors' alleged ignition switch defect on Friday blasted the automaker’s criticisms of their expert witnesses as “meaningless,” telling a New York federal judge that GM fails to address their opinions head on and that its own experts offer unreliable and misleading opinions.
A New York federal judge on Thursday dismissed two of six counterclaims brought by Express Scripts against Anthem Inc. in a dispute over negotiations tied to a pharmacy benefit management services contract between the two companies, finding that they were too similar to another of Express Script’s allegations.
Sanum Investments Ltd. continues to try and enforce a $200 million award issued by a Singapore tribunal against Laotian companies accused of pushing it out of a casino venture, with a New York state lawsuit Thursday arguing the win must be confirmed.
Manhattan federal prosecutors told the Second Circuit on Friday they face an "enormous burden" if Level Global Investors LP founder David Ganek is allowed to take them to trial over search warrants obtained from allegedly false information, while Ganek's lawyer argued that the parade of horribles marches the other way.
The former head of a mortgage lending bank was sentenced Friday by a New York federal judge to 150 months in prison in connection with a $30 million scheme to rip off lenders by lying about property values, according to the U.S. Department of Justice.
A New York federal judge on Thursday extended an injunction freezing the assets of a Hong Kong private equity investor accused by the U.S. Securities and Exchange Commission of making $29 million by trading on insider information about Comcast's purchase of DreamWorks Animation.
An Abu Dhabi, United Arab Emirates, sovereign wealth fund and Tishman Speyer, the owners of Manhattan’s iconic Chrysler Building, have landed a $300 million refinancing for the property from National Bank of Abu Dhabi, according to property records made available Thursday.
The maker of Dodge and Chrysler vehicles on Thursday asked a federal judge in New York to dismiss a proposed class action over an alleged costly and hidden tire defect, saying that most named plaintiffs don’t even live in New York and the only one who does belongs to a practically identical suit.
A review of President Donald Trump's recent budget proposal suggests that none of his goals for the U.S. Environmental Protection Agency would be well-served. In fact, the EPA, states, tribes and other federal agencies would all face serious issues in protecting human health and the environment, says Jim Rubin of Dorsey & Whitney LLP.
As Judge Jed Rakoff observed in a recent speech, it would benefit prosecutors, the courts and investors to have a clearly drafted statute setting forth, to the most specific degree possible, exactly what about insider trading is illegal, and why, say Jason Gottlieb and Daniel Isaacs of Morrison Cohen LLP.
Why did minor mechanical issues bring down two airplanes, while a catastrophic engine explosion did not bring down a third? The answers lie, in part, in research conducted by NASA in the wake of those crashes and, more recently, by Google. And those answers can help organizations build better teams to meet today’s legal industry challenges, says Nicholas Cheolas of Zelle LLP.
The Second Circuit's 2015 decision in Madden v. Midland Funding created significant risk for marketplace lenders that rely on a partner bank origination model to avoid state usury caps. Now, a district court decision in the case has seemingly added another layer of uncertainty, say Joseph Cioffi and Massimo Giugliano of Davis & Gilbert LLP.
Like everything else, the art of negotiation starts by having a conversation. It’s about being respectful, finding common ground, knowing what you want and, most importantly, listening. A conversation between two lawyers can be complicated at best, but by employing a few techniques and tactics, it doesn’t have to be that way, says Marc Siegel of Siegel & Dolan Ltd.
When now-former New York Post writer Bart Hubbuch sued his former employer for firing him over a tweet last month, he roused Section 201-d of the New York Labor Law from its slumber. Few employers are likely aware this law exists and it remains to be seen whether media attention from this case will motivate attorneys who represent employees to add the law to their toolbox, says Laurent Drogin of Tarter Krinsky & Drogin LLP.
Lawyers make hundreds of decisions during the course of advising a client, consummating a transaction or litigating a case. In this new column, dispute resolution experts Bob Creo and Selina Shultz explore the theory, science and practical aspects of how decisions are made in the legal community.
Given the national reach of the New York Department of Financial Services, the impact of New York's new cybersecurity regulations for the financial services sector will be felt far beyond the state of New York. The new rules may drive similar changes to other state and federal information protection laws, becoming the baseline standard for the industry, say Romaine Marshall and Matt Sorensen of Holland & Hart LLP.
What we don’t know is whether the teaching and practice of law are undergoing massive structural changes or we’re still digging out from the worst economic collapse since the Depression. But what we do know is that the missions of the most forward-looking law schools and law firms are converging in ways that were unimaginable 10 years ago, says Randy Gordon, a partner at Gardere Wynne Sewell LLP and executive professor of law at Te... (continued)
Attorneys with Locke Lord LLP explain the New York Department of Financial Service's new cybersecurity regulations and discuss the immediate actions that life settlement providers and brokers should take in order to comply.