Private equity magnate Lynn Tilton asked a Delaware federal court Thursday to take over a state-court suit filed by three investment funds that are wrestling with her for control of several businesses, saying the funds are trying to undermine her action against them in New York federal court.
Federal court leaders moved quickly Friday to answer accusations of inappropriate sexual behavior by U.S. Circuit Judge Alex Kozinski, sending a misconduct investigation to an oversight council at the Second Circuit amid new reports that brought the total number of public accusers to 15.
The U.S. Supreme Court's decision to overturn a California high court's ruling that 600 nonresidents could pursue claims against Bristol-Myers Squibb over a blood thinner drug heads this year's list of top product liability cases, along with a bankruptcy ruling exposing General Motors to millions of claims not related to its infamous ignition switch.
Units of Wells Fargo and other banks went back to New York state court Friday to ask for guidance on how they, as trustees for a slew of residential mortgage-backed securities trusts, should distribute the $4.5 billion they expect to receive soon from a settlement between JPMorgan and a group of investors in the trusts.
The former CEO of a mobile content company was convicted Friday on eight counts linked to a $100 million scheme to place unauthorized charges on consumers' phone bills, prosecutors announced, yielding a retrial win after a former jury deadlocked.
Bankrupt clothing retailer Aeropostale filed an amended restructuring plan Thursday, more than a year after it was sold to a group of commercial real estate owners and other companies, saying its lenders have agreed to its proposed wind-down and distribution arrangement.
A New York federal magistrate judge on Friday recommended confirming a $466,000 Russian arbitral award against a defunct Long Island pharmaceutical company that failed to appear in the arbitration and the current litigation, saying he found no reason not to do so.
Avaya Inc. has shortened its naming rights contract with a soccer stadium in San Jose to 2018 instead of 2024, the bankrupt telecom giant told a New York bankruptcy court Thursday, as it ties up loose ends ahead of an imminent exit from Chapter 11.
A Staten Island attorney was arraigned and held without bail Friday on charges he conducted a scrap metal fraud and lured a co-conspirator to his law office where the man was threatened at gunpoint over an alleged $10,000 debt related to the scheme, according to prosecutors.
A New York federal court entered a $64.1 million judgment Friday against Fireman’s Fund Insurance Co. after a jury found the reinsurer should have helped cover client Utica Mutual Insurance Co.'s payout to Goulds Pumps for asbestos liabilities.
A former attorney for the Internal Revenue Service and onetime Debevoise & Plimpton LLP associate who “broke bad” admitted on Friday to conspiring to ship distribution levels of methamphetamine to Long Island, New York, from his apartment in Washington, D.C.
The FIFA Ethics Committee on Friday suspended Brazilian soccer association President Marco Polo del Nero, who is named in the sweeping FIFA corruption case, a move that brings further scrutiny to the man as he has evaded U.S. courts.
Mehmet Hakan Atilla, the Turkish banker accused of helping Iran evade U.S. sanctions, told a Manhattan jury Friday he was not in on any lawbreaking, taking the witness stand on a day that was punctuated by U.S. District Judge Richard M. Berman’s sharp critique of the defense’s aggressive handling of a former Istanbul cop.
A Beverly Hills, California, investment adviser on Friday was sentenced to 3½ years in prison for using his business, Broidy Wealth Advisors LLC, to withdraw excess management fees and misappropriate stock held in trusts, costing his clients more than $1.5 million.
Attorneys general from states including New York, California and Massachusetts have told the U.S. Environmental Protection Agency and U.S. Army Corps of Engineers that they “strongly oppose” the proposed postponement of an Obama-era rule defining the federal government’s jurisdiction under the Clean Water Act.
An executive for a New York-based global airline frequent flyer alliance was charged in federal court Thursday with defrauding the company of $2.2 million in non-business-related credit card expenses, federal authorities have announced.
A New York bankruptcy judge on Friday denied a request by Rapid-American Corp. to keep details of a proposed sale of its claims on defunct insurance company Midland Insurance Co. confidential, saying it had not even tried to justify the secrecy.
A New York federal judge issued preliminary approval on Thursday of a $6.1 million settlement between Ann Taylor's parent company, Ann Inc., and a class of consumers who say the clothing retailer misrepresented discounts marked down from “phantom” prices that never existed at its factory and outlet stores.
Federal prosecutors in New York have accused a former vice president of a Long Island mortgage bank of defrauding several warehouse lenders out of more than $12 million, alleging that he falsified documents, held on to funding for mortgage loans that never closed and got some loans funded multiple times.
European consumer goods giant Unilever has agreed to sell its margarine and spreads business to KKR & Co. LP for €6.825 billion ($8.03 billion), the companies revealed Friday, bringing an end to months of speculation concerning the Unilever unit.
Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, and stating my biases upfront, it is possible for me to look analytically at the Bartlit Beck fee model and make some observations on the pros and cons of one version of alternative fees, says J.B. Heaton, founder of investment analytics company Conjecture LLC.
We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three jury system improvements that will give jurors an active voice and role in our civil and criminal jury trials.
It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.
In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.
As the U.S. Bureau of Ocean Energy Management embarks on several studies to better understand offshore resources and species, fishing interests have sued BOEM to challenge not only an offshore wind lease, but the process used to award leases and conduct environmental analysis. The future of offshore wind in the United States may be at stake, says Brook Detterman of Beveridge & Diamond PC.
Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.
Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Cherin & Mellott LLC.
This year has seen significant developments in the field of class action litigation. The impact of the U.S. Supreme Court’s Spokeo decision continued to work its way through the courts, the appeals courts have made strides on issues like ascertainability and standing to pursue injunctive relief, and Congress is considering legislation that would alter the class action landscape, say attorneys with Akin Gump Strauss Hauer & Feld LLP.