New York

  • May 28, 2020

    Damages Analysis Tossed From BNY Mellon RBMS Action

    A federal judge in Manhattan on Thursday decided that a damages analysis is no longer admissible in a suit accusing Bank of New York Mellon of failing to protect investors in residential mortgage-backed securities.

  • May 28, 2020

    Tech Marketing Co. Raises $50M In Funding Round

    Bluecore, a technology company that helps retailers send personalized marketing emails to consumers, said Thursday it raised $50 million in funding with help from a Canadian growth equity firm.

  • May 28, 2020

    Investor Sues Qiagen To Block $11.5B Thermo Fisher Deal

    An investor for genetic testing company Qiagen filed a lawsuit Wednesday against the company’s board members and accused them of allegedly failing to provide essential information about Qiagen’s $11.5 billion merger with laboratory supplies provider Thermo Fisher.

  • May 28, 2020

    In NY, Women's Share Of Lead Atty Roles Has Barely Budged

    The percentage of women who snag lead counsel roles in court cases in New York state has not increased significantly over the last three years, hovering at around 25%, according to a report released Thursday.

  • May 28, 2020

    Drivers Say Some VW Engines Stall In Traffic

    A proposed class of drivers on Thursday accused Volkswagen Group of America Inc. of selling vehicles with an engine defect, saying they experienced stalling when they slowed down and had to pay out of pocket for repairs.

  • May 28, 2020

    5 Questions To Ask When Workers Earn Social Media Infamy

    Franklin Templeton Investments moved swiftly to fire a white woman after a Twitter video of her calling the cops on a black man in Central Park went viral, but the company could have landed in legal hot water despite outrage at her actions, experts say. Here, Law360 looks at five questions businesses should ask when workers go viral for the wrong reasons.

  • May 28, 2020

    Real Estate Rumors: TikTok, Swezy Family, Amazon

    TikTok has reportedly leased 232,000 square feet in New York, Florida investors Lewis and Elizabeth Swezy have allegedly picked up a development site in the state for $4.05 million and Amazon is reportedly opening up a 43,000-square-foot grocery store in Illinois later this year.

  • May 28, 2020

    High-Level Suspect In $1B OneCoin Scam Hires Barket Firm

    A marketing expert indicted more than two years ago for allegedly building the $1 billion OneCoin cryptocurrency scam alongside its mastermind Ruja Ignatova has hired criminal defense firm Barket Epstein Kearon Aldea & LoTurco LLP as he faces charges from a Manhattan jail cell.

  • May 28, 2020

    Bondholder Seeks To Force Venezuelan Oil Co. To Pay $132M

    Engineering company Dresser-Rand Co. urged a New York federal court Wednesday to order a subsidiary of Venezuela's state-owned oil company to pay $132.3 million owed under a defaulted bond, saying further delay will leave it at a disadvantage when trying to compete with other creditors.

  • May 28, 2020

    Canadian Pot Co. Says Investors Knew Of Contamination Risk

    Canadian cannabis company Sundial Growers told a New York federal court that a proposed shareholder class action over contaminated pot falls flat because investors were warned about quality control risks inherent to producing marijuana.

  • May 28, 2020

    Feds Say 'Brazen' Ex-Goldman Banker Deserves 3 Years

    Federal prosecutors on Wednesday contended that a former Goldman Sachs banker had played a critical role in an insider trading plot and should spend three years in federal prison, the global pandemic notwithstanding, but added that he shouldn't have to start that sentence until it was safe to do so.

  • May 28, 2020

    NYC Judge Cites 'Drafting Issue' In Eviction Guidance

    New York City landlords do not have the court's blessing to investigate their tenants' finances as a prerequisite for commencing a new eviction case, an administrative judge told dozens of attorneys, citing a "drafting issue" in newly published court directives.

  • May 27, 2020

    WilmerHale, Toyota Agency Posted Sealed Info, Loses Gag Bid

    A Manhattan federal judge on Wednesday criticized a legal staffing agency's lack of evidence against a former employee it accused of leaking sensitive information, rejecting a bid to gag the attorney and noting the agency itself had posted sealed documents on the public docket.

  • May 27, 2020

    Request To Extradite Huawei Exec Clears Key Benchmark

    A Canadian court on Wednesday removed a key barrier for the potential extradition to the U.S. of Huawei top executive Meng Wanzhou to face charges in New York stemming from a purported scheme to deceive banks about Huawei's operations in Iran.

  • May 27, 2020

    Duane Morris, Cleary Confirm More Summer Program Tweaks

    Duane Morris LLP and Cleary Gottlieb Steen & Hamilton LLP on Wednesday confirmed changes to their summer associate programs, the latest in a long list of adjustments firms are making to their programs in response to the COVID-19 pandemic.

  • May 27, 2020

    Pandemic Fueling Disability Accommodation Claims

    Workers are filing more charges alleging their employers failed to accommodate their disabilities during the pandemic than any other allegation tied to COVID-19, the head of the U.S. Equal Employment Opportunity Commission's New York office and her state and city peers said Wednesday.

  • May 27, 2020

    Pierce Bainbridge Founder Cops To New $4M Unpaid Debt

    Pierce Bainbridge's founder John Pierce has admitted he owes a New York City-based lender nearly $4 million for a loan he defaulted on, heading off what would have been the fourth lawsuit over unpaid small-business loans Pierce and his ailing law firm have been hit with in recent weeks.

  • May 27, 2020

    Netflix, Amazon, Apple Beat IP Suit Over Kids' Song In Film

    A New York federal judge held Wednesday that the inclusion of a children's song in a documentary about burlesque performers was fair use while tossing a suit brought by the songwriters against Amazon, Netflix and Apple.

  • May 27, 2020

    3D-Printed Gun Firm Urges 9th Circ. To Revive Blueprint Deal

    An organization that develops blueprints for 3D-printed guns has urged the Ninth Circuit to reinstate a deal with the U.S. Department of State allowing it to publish the firearm schematics online, calling states' challenge to the agreement a move against its First Amendment rights.

  • May 27, 2020

    Gabbard Drops $50M Hillary Clinton Suit, Citing COVID-19

    U.S. Rep. Tulsi Gabbard dropped her $50 million defamation lawsuit against Hillary Clinton on Wednesday, citing the COVID-19 health crisis as the reason, according to a filing in Manhattan federal court.

  • May 27, 2020

    NY Lawmakers Advance Tax Relief, Decoupling Amid Virus

    New York lawmakers advanced bills Wednesday that would offer property tax relief and allow New York City to further decouple from provisions of the federal COVID-19 relief act as the state continues to grapple with fallout from the disease.

  • May 27, 2020

    Law Firm Leaders: Phillips Nizer's Marc Landis

    Marc Landis is entering his sixth year as the managing partner of New York-based Phillips Nizer LLP, a 75-lawyer firm founded in 1926 by attorneys Louis Phillips and Louis Nizer.

  • May 27, 2020

    2nd Circ. Affirms Decision To Nix Kimberly-Clark Gown Suit

    The Second Circuit on Wednesday refused to revive a stock-drop suit accusing Kimberly-Clark Corp. of lying about the quality of a surgical gown line, agreeing with a district court that the investor couldn't show executives knew about alleged faulty quality and lied about it.

  • May 27, 2020

    Contractor Must Fork Over $3M In Union Fund Contributions

    A Manhattan federal court affirmed a $3 million arbitration award against a highway and bridge contractor for making deficient payments to various carpenters union benefit funds.

  • May 27, 2020

    Real Estate Rumors: Prism, Acore, RFR

    Prism Multifamily Group has reportedly paid $53.5 million for two Florida apartment buildings, Acore Capital is said to have loaned $133 million for a Manhattan condo project and RFR has reportedly sold most of its stake in the Lever House in Manhattan.

Expert Analysis

  • Reopening Sports Venues To Fans Poses Legal Hurdles

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    As the economy reopens, sports leagues planning to bring back games with fans in attendance will need to weigh not only important health and safety issues but also the accompanying business and legal risks, say Christopher Conniff and Nicholas Macri at Ropes & Gray.

  • Opinion

    Don't Cancel Your Summer Associate Programs

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    While pulling off an effective summer associate program this year will be no easy feat, law firms' investments in their future attorneys should be considered necessary even during this difficult time, says Summer Eberhard at Major Lindsey.

  • Early Securities Litigation Trends Stemming From Recent IPOs

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    Attorneys at WilmerHale analyze Securities Act complaints against companies that went public immediately prior to and during the COVID-19-induced market volatility, providing preliminary insights into whether, when and on what basis recent issuers are facing securities litigation.

  • Top 5 Wage And Hour Risks To Avoid As Businesses Reopen

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    Employers should use extra caution to sidestep several key wage and hour mistakes as businesses prepare to reopen following the coronavirus crisis and worker classification and Fair Labor Standards Act compliance comes under increased scrutiny, say Kathleen Caminiti and Eric Baginski at Fisher Phillips.

  • Defending Remote Testimony In White Collar, Securities Cases

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    The COVID-19 shift to remote witness testimony in white collar and U.S. Securities and Exchange Commission investigations changes how both sides handle documents, investigate and interact, and will require defense lawyers to reconsider how they present their clients, say attorneys at Richards Kibbe.

  • 5 Ways To Reduce Post-Pandemic Legal Malpractice Exposure

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    History suggests that legal malpractice claims will rise following the current economic downturn, and while a certain percentage of the claims will be unavoidable, there are prophylactic steps that law firms can take, says John Johnson at Cozen O'Connor.

  • Risk Management Concepts For Public-Private Crisis Projects

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    As businesses new to public-private partnerships consider coronavirus-related disaster relief contracts, there are a number of issues general counsel and chief risk officers for these companies should consider that need not be a serious burden on operations, says Jordan Strauss at Kroll.

  • NY Order Kicks Power Grid Modernization Into High Gear

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    The New York Public Service Commission's recent order directing investor-owned utilities to rapidly review their distribution and local transmission infrastructure represents a turning point in the state's efforts to update its electric grid for green energy — so interested stakeholders must weigh in soon, says Kevin Blake at Phillips Lytle.

  • NYC COVID-19 Lease Guarantee Law May Be Unconstitutional

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    A New York City law signed into law Tuesday cancels personal guarantees executed in conjunction with commercial leases when tenants default on rent due to COVID-19, setting up a potential clash between the city's police powers and the U.S. Constitution's contracts clause, says Massimo D'Angelo at Adam Leitman.

  • Preparing For A Deluge Of COVID-19 Whistleblower Claims

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    Attorneys at Proskauer break down the kinds of COVID-19 whistleblower retaliation claims employers should anticipate, and explain key steps to minimize risks under the Occupational Safety and Health Act, National Labor Relations Act, Families First Coronavirus Response Act, and state laws.

  • Opinion

    Credibility Concerns About Virtual Arbitration Are Unfounded

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    Concerns that videoconferenced arbitration hearings compromise an arbitrator's ability to reliably resolve credibility contests are based on mistaken perceptions of how many cases actually turn on credibility, what credibility means in the legal world, and how arbitrators make credibility determinations, says Wayne Brazil at JAMS.

  • 2 New Accounting Fraud Cases Offer Lessons For Boards

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    Luckin Coffee and TAL Education Group — two high-profile Chinese companies listed in the U.S. — recently announced suspected cases of colossal revenue fraud, and these case studies may help companies recognize the germinating seeds of accounting fraud, say Fabian Roday at Fangda Partners and William Fotherby at Meredith Connell.

  • Opinion

    COVID-19 Relief Should Include Federal Infrastructure Bill

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    To create jobs and address the country's $4.5 trillion infrastructure backlog, the federal government should enact coronavirus relief directed at infrastructure investment, leveraged by the allocation of funds for public-private partnerships, say Andrej Micovic and Eric Singer at Bilzin Sumberg.

  • NY Ruling Highlights Limits To Employee Noncompetes

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    Following a New York federal court’s recent decision in Flatiron Health v. Carson, employers should limit restrictive covenants to client relationships developed at the company's expense, and reject the expectation that overreaching agreements may be partially enforced, says Ihsan Dogramaci at Pavia & Harcourt.

  • The Challenge Of Measuring Pipelines' GHG Footprints

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    The Federal Energy Regulatory Commission is frequently asked to require natural gas pipelines to evaluate effects on greenhouse gas emissions, with implications for project approval, but it is not easy to calculate the climate impact of a given pipeline, says David Harrison at NERA.

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