New York

  • December 14, 2017

    Observation Wheel Builder Reaches Deal On Interim DIP Cash

    The company contracted to design and build a large observation wheel in Staten Island, New York, reached a deal with the wheel’s owners Thursday in Delaware to allow the bankrupt design company interim access to post-petition financing to be used to pay storage costs for large amounts of components for the wheel.

  • December 14, 2017

    Real Estate Rumors: UniVista, PebblePost, Steph Curry

    UniVista Insurance has reportedly bought a new Miami building for $10.2 million, marketing startup PebblePost is said to be taking nearly 20,000 square feet on Lafayette Street in New York and basketball player Steph Curry's family foundation has reportedly reached a deal to lease office space in Oakland, California.

  • December 14, 2017

    Turkish Banker Gets To Sleep On Decision To Take Stand

    Mehmet Hakan Atilla, the Turkish banker accused of helping Iran evade billions of dollars of U.S. sanctions, stood up to take the stand on his own behalf Thursday before a close to the trial day afforded him the opportunity to sleep on his decision. 

  • December 14, 2017

    Ex-Deutsche Traders' Libor Trial Delayed By Taint Inquiry

    A frustrated Manhattan federal judge on Thursday pushed the criminal trial of two former Deutsche Bank traders from early to mid-2018, making more time to examine whether the London Interbank Offered Rate rigging case was tainted by testimony compelled in the U.K.

  • December 14, 2017

    Feds Conspired With Dutch To Undercut Deal, Prevezon Argues

    Offshore companies that agreed to pay $6 million after the U.S. government seized their assets over their supposed link to a Russian tax scam argued in Manhattan federal court on Thursday that federal officials may have conspired with prosecutors in the Netherlands to keep some of their assets frozen, while a government lawyer said the companies simply took a legal risk and lost.

  • December 14, 2017

    FERC Won't Reconsider Atlantic Bridge Pipeline Project OK

    The Federal Energy Regulatory Commission on Wednesday stood by its approval of the Atlantic Bridge natural gas pipeline project in New York and New England, rejecting arguments from environmentalists and local municipalities saying that its environmental review was flawed.

  • December 14, 2017

    Disney Buys 21st Century Fox Assets In $52.4B Blockbuster

    Disney and 21st Century Fox have come to terms on a $52.4 billion agreement that will see Disney pick up 21st Century Fox’s film and television studios, along with cable and international TV assets, according to a Thursday statement.

  • December 13, 2017

    FIFA Trial Catalogs Broken Loyalties And Shifting Alliances

    As the trial of three South American soccer officials accused of agreeing to take millions in bribes from sports marketing companies began to wind down Wednesday, both prosecutors and defense attorneys attested to the culture of graft fostered over years by gatekeepers of the sport.

  • December 13, 2017

    Quinn Emanuel Hires Boies Schiller Litigator In NYC

    Quinn Emanuel Urquhart & Sullivan LLP on Wednesday announced it had hired a commercial litigator from Boies Schiller Flexner LLP who has handled several headline-grabbing cases in the art world.

  • December 13, 2017

    Judge Won't Take Tilton's Taxes Off Table In $45M Bank Fight

    A New York state judge shot down efforts by investment manager Lynn Tilton and her company, Patriarch Partners, to keep certain tax and business information private in a $45 million dispute with a German lender at a hearing on Wednesday, decisions her attorneys said they would appeal.

  • December 13, 2017

    Westinghouse Gets 3-Month Extension To File Ch. 11 Plan

    Westinghouse Electric Co. on Wednesday received 90 more days of exclusive time to file a Chapter 11 reorganization plan from a New York bankruptcy court judge, who blasted the company’s unsecured creditors for trying to “throw a bomb” in what has so far been a productive restructuring case.

  • December 13, 2017

    SEC Seeks To Freeze Digital Coin Offerer's Assets

    The U.S. Securities and Exchange Commission urged a New York federal court late Tuesday to freeze the assets of an initial coin offering and two other corporate entities run by a Quebecois couple, who regulators say ripped off investors while raising $15 million.

  • December 13, 2017

    New York Wheel Design Firm Files Ch. 11 Amid Contract Fight

    The design team company associated with the unfinished New York Wheel attraction slated to be built on Staten Island filed for Chapter 11 protection Wednesday in Delaware as it remains locked in litigation with the wheel’s owner and the city over what the debtor says were breaches of the project contract.

  • December 13, 2017

    Deals Rumor Mill: Disney, AmBank, Saudi Aramco

    Walt Disney’s deal with 21st Century Fox is on the precipice of being announced, a Malaysian lender is mulling the sale of its general insurance business, and Saudi Aramco is still deciding upon book runners and global coordinators as the state-owned oil giant prepares for a 2018 IPO that’s expected to raise $100 billion.

  • December 13, 2017

    2nd Circ. Axes Pharma Exec's Fraud Convictions

    The Second Circuit on Wednesday vaporized a pharmaceutical executive’s felony convictions for importing and selling unapproved prescription drugs, saying a judge improperly blocked testimony about legal advice that purportedly greenlighted the sales.

  • December 13, 2017

    A&P Creditors Hit Snapple Maker, Distributor With Clawbacks

    The unsecured creditors of the A&P supermarket chain asked a New York bankruptcy court judge Wednesday to claw back more than $5.6 million from Dr Pepper Snapple Group Inc. and a national distributor, alleging the payments were made too close to the retailer’s bankruptcy filing.

  • December 13, 2017

    State Can't Block Millennium Pipeline Project, NY Judge Says

    Millennium Pipeline Co. LLC on Wednesday won another court battle in its effort to build a 7.8-mile gas pipeline in southern New York, convincing a federal judge to stop the state’s environmental watchdog from blocking construction based on a water quality permit dispute.

  • December 13, 2017

    Ex-Katten Atty Trial Halted Over 'Career-Ending' Claims

    The Martin Shkreli-linked fraud trial of former Katten Muchin Rosenman LLP attorney Evan Greebel came to a screeching halt Wednesday, over unidentified “potentially career-ending” claims raised by Greebel's lawyers involving an unnamed government official.

  • December 13, 2017

    Ex-Deutsche Bank Trader's Libor Case Tainted, Judge Told

    Lawyers for former Deutsche Bank AG trader Gavin Black sought to undermine the U.S. Department of Justice in a Manhattan federal court on Wednesday at a hearing in which the government must show its London Interbank Offered Rate-rigging case wasn’t tainted by Black’s compelled testimony in the U.K.

  • December 13, 2017

    Cancer Treatment Chain Looks To Wipe FCA Claims In Ch. 11

    Bankrupt cancer treatment chain 21st Century Oncology on Tuesday told a New York bankruptcy court that a whistleblower has not brought sufficiently specific allegations to stop it from wiping the slate clean of claims that it falsely charged for medical services done under a dirty contract with a Florida health system

Expert Analysis

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    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.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    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.

  • The Science And Controversy Of Offshore Wind

    Brook Detterman

    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.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    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.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    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.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    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.

  • The Case Of New York’s 5Pointz: Who Owns Graffiti Art?

    Roberta Jacobs-Meadway

    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.

  • The Most Noteworthy Class Action Developments Of 2017

    Neal Marder

    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.

  • Series

    My Strangest Day In Court: The Shkreli Trial

    Benjamin Brafman

    Having defended some of the most notorious defendants in 40 years of practice as a criminal defense lawyer, I thought I was prepared for everything. That was until jury selection commenced last summer in “pharma bro” Martin Shkreli’s trial, says Benjamin Brafman of Brafman & Associates PC.

  • The Johnson Conviction And Fallout For Forex Market

    Paul Hinton

    The recent conviction of former HSBC foreign exchange executive Mark Johnson has shocked market participants and could lead to a reduction in liquidity for block trades in the foreign exchange and other over-the-counter markets, say members of The Brattle Group and AGN Advisory.