A Manhattan jury on Thursday convicted former Visium Asset Management LP portfolio manager Stefan Lumiere on charges that he schemed to overvalue a $480 million fund focused on health care-sector debt.
McSam Hotel Group LLC has purchased the Club Quarters Hotel Wall Street from Rockwood Capital LLC for $93.55 million and has scored roughly $71.5 million in financing from Kelley Drye & Warren LLP-counseled Aareal Capital Corp, according to multiple documents filed in New York on Wednesday.
A New York federal judge on Wednesday ordered a trial in a doctor's dispute with Harleysville Worcester Insurance Co. over coverage for a medical malpractice and battery complaint filed by the granddaughter of a former patient.
Blank Rome LLP announced it has added a Withers Bergman LLP partner to its corporate, mergers and acquisitions, and securities group and its cross-border practice.
The leader of a proposed class action accusing Beaumont Products Inc. falsely peddling its Clearly Natural Essentials soaps as "natural" despite containing synthetic ingredients urged a New York federal judge Wednesday to ignore a dismissal request “that will serve no useful purpose.”
A former vice president of CBS Inc. has accepted a partner position in the New York office of Akerman LLP, leaving his current management role at Mayer Brown LLP to lend his experience counseling companies on everything from international to local tax matters to Akerman’s growing tax practice group.
Colgate-Palmolive asked a New York federal judge on Wednesday to toss a proposed class action alleging the company overstated the tooth-whitening power of one of its toothpaste brands, saying federal labeling regulations eclipse any state laws on the subject.
Luxury hotel operator Fairmont Hotels & Resorts asked a New York federal judge on Tuesday to confirm a $15 million arbitration award against the owners of two hotels in Mexico for allegedly breaching management contracts Fairmont had struck with the previous owners of the hotels.
Exxon Mobil Corp. and Quanta Resources Corp. told a New York federal judge Wednesday they had reached a settlement that would release dozens of companies from labyrinthine environmental cleanup litigation over Quanta's old waste transfer station in Queens.
A New York federal judge ruled Wednesday that a biopharmaceutical company can refile its suit seeking to reclaim gene therapy patent rights from the Sloan-Kettering Institute in state court, but said the company and its counsel must explain their delay in making the move or face sanctions.
Jailed ex-SAC Capital Advisors manager Mathew Martoma sparred with federal prosecutors Tuesday over the U.S. Supreme Court’s recent decision upholding the Salman insider trading case conviction, with the hedge funder saying a Second Circuit decision still carries weight.
A New York federal judge gave the all-clear on Tuesday for a company with a massive judgment against Niger to seize a $30 million property the country owns that’s just steps from Central Park, giving Africard Co. Ltd. a win-by-default after years of legal wrangling with the country.
Intermarket Insurance Agency Inc. cannot be held liable for negligence for allegedly failing to secure sufficient insurance for a textile wholesaler prior to Hurricane Irene, leaving it without coverage for losses due to the storm, a New York state judge has ruled, finding that the agent had no duty to advise the policyholder to acquire additional coverage.
Paul McCartney lodged a suit against Sony/ATV on Wednesday over copyright interests in The Beatles’ songs, asking a New York federal judge to confirm that the legendary songwriter won’t face breach of contract claims if he cuts off rights Sony’s predecessors acquired 50 years ago.
A New York federal judge on Wednesday ruled that said that TiVo Research and Analytics Inc. hadn’t proved it is entitled to damages between $60 million and $196 million as a result of Kantar Media Audiences’ alleging devaluing of its business in a long-running patent infringement row.
The federal government ripped into the New York City Department of Transportation on Wednesday, alleging its maintenance division's managers habitually used racial slurs and systematically excluded minority candidates for supervisory spots.
A New York federal judge on Tuesday tossed a medical malpractice suit accusing a Manhattan hospital of being responsible for an elderly man’s shoulder nerve damage allegedly sustained during surgery, saying the plaintiff's expert opinion was speculative.
A New York federal judge on Wednesday refused to toss criminal securities fraud and money laundering charges against private equity CEO Benjamin Wey, and said the court would rule on his effort to suppress evidence seized during government searches after a hearing next week.
The U.S. Department of Justice accused the New York Police Department on Tuesday of refusing to hire an HIV-positive man as a police emergency dispatcher after discovering his health condition, according to a lawsuit filed in New York federal court.
The New York State Department of Environment Conservation asked the D.C. Circuit to dismiss a suit by a natural gas pipeline company alleging the state agency is moving too slowly on approving a 7.8-mile gas pipeline, arguing on Tuesday that the state is following the timeline set out by law.
Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.
The beginning of 2017 brings with it significant changes to the government as a whole and the U.S. Department of Justice in particular, but one constant in this time of change is the U.S. Attorney’s Office for the Southern District of New York. Recent developments reflect a seal of approval for that office’s aggressive enforcement approach under Preet Bharara, says Nicholas Lewis of McGuireWoods LLP.
Trying to prognosticate what President-elect Donald Trump will do is very difficult. But assuming he does seek to implement change at the U.S. Environmental Protection Agency, if it's perceived as backing off of environmental enforcement, private parties will step in and cases will likely be even more expensive, more problematic and more unreasonable than those brought by the EPA and the states, says Mitchell Klein of Snell & Wilmer LLP.
Nuclear energy has fallen on hard times in the United States. Operating costs are high, while natural gas is abundant and cheap. So what will the Trump administration mean for nuclear generation? The president-elect seems uninterested in carbon-free nuclear power as a means to fight climate change, but job creation could justify the construction of new nuclear plants, say David Repka and Tyson Smith of Winston & Strawn LLP.
In this weekly column, real-life New York City jury consultant and psychologist Roy Futterman parses fact from fiction in "Bull," the new TV series airing on CBS about a fictional NYC jury consultant/psychologist. Spoiler alert ...
As home to high art auction prices and hefty sales and use taxes, New York City has seen its share of art-related tax fraud. Now, as law enforcement scrutinizes tax compliance in the art world, collectors may wish to avoid New York sales taxes legally, by shipping their purchases to a domestic freeport, say Desiree Moore and Blaise Niosi of K&L Gates LLP.
Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.
President-elect Donald Trump just won a libel case against a critic — for the very same reason that real estate developer Donald Trump lost a libel case against a critic more than 30 years ago. But the new case, and the atmosphere of the 2016 presidential campaign, may significantly alter libel law, says Mark Sableman of Thompson Coburn LLP.
After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.
Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.