Beacon Capital is reportedly close to a deal to buy a Chicago office tower for $182 million, Grand Peaks Properties is said to have dropped $65.6 million on a Florida apartment complex, and developer Isaac Schwartz has reportedly landed a $55 million loan for a Brooklyn residential and retail project.
The U.S. Supreme Court ruled in an antitrust case over Chinese vitamin C exports that U.S. courts are not bound by another country's description of its own laws, but the justices only provided a few hints about how much weight to give competing evidence about what a foreign law requires, leaving trial courts to parse the deference due in future cases.
The Second Circuit on Tuesday ordered former HSBC foreign currency exchange executive Mark Johnson released from prison on bail pending appeal of his conviction for defrauding Cairn Energy PLC in a $3.5 billion currency deal, hours after he argued that his post-conviction international travel and compliance with court orders shows he’s not a flight risk.
A flood of condemnation over the Trump administration’s new “zero tolerance” immigration policy that’s left nearly 2,000 children separated from their parents at the border poured in on Monday and Tuesday from former U.S. attorneys and state attorneys general who called for an end to the “cruel and illegal attack” on immigrant families.
A National Labor Relations Board official has concluded that a Charter Communications Inc. employee could file a petition to decertify a union’s representation of workers in New York City since he was no longer a supervisor at the time the petition was filed, according to a decision issued Monday.
The D.C. Circuit on Tuesday threw out a National Labor Relations Board decision to reinstate a Verizon employee fired for lying during an internal investigation, finding that the company didn't target her for being a union supporter.
A judge erred in dismissing federal securities fraud claims against a Bahamian businessman accused by a U.S. backer of filching $343,000 from him, the Second Circuit held Tuesday, finding that their New York City meetings to discuss restaurant investing triggered jurisdiction in Manhattan federal court.
The owners of a military contracting firm who sold the company to GardaWorld Corp. persuaded a New York judge to rule in their favor Tuesday in a contract dispute that could trigger up to $70 million in earnout payments, with the judge saying there’s “no question” that the contract favored them.
Two members of a carpenters union told a New York federal court Monday that the union's leadership didn't inform members about allegations that the union president had sexually harassed a female employee until after he won re-election in December.
Debevoise & Plimpton LLP has bolstered its banking group with a regulatory lawyer from Cadwalader Wickersham & Taft LLP who counseled the International Swaps and Derivatives Association when it rolled out compliance tools for companies to use in the wake of Dodd-Frank, the firm has announced.
The U.S. Securities and Exchange Commission accused a Bronxville businessman of manipulating microcap company Plandai Biotechnology Inc.’s stock price in a scheme that netted him more than $11.5 million in illicit stock sale proceeds, according to a lawsuit filed in New York federal court on Monday.
A Bermuda-based satellite operator urged a New York federal judge Monday to confirm a $1 million arbitral award stemming from a soured transaction, accusing a Korean satellite communications provider of doing everything in its power to get out of paying up.
California-based Platinum Equity on Tuesday said it has agreed to sell France-based Worldwide Flight Services, which it touts as the largest air cargo handler in the world, to affiliates of fellow private equity firm Cerberus Capital Management in a deal worth roughly €1.2 billion ($1.4 billion).
In this monthly series, legal recruiters at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Mia Stutzman, chief financial officer at Holland & Knight LLP.
A portfolio company of New York-based private equity firm Veritas Capital has agreed to acquire a provider of payment accuracy and analytics-driven solutions for the health care industry for an enterprise value of approximately $4.9 billion including debt, the company said on Tuesday.
Arent Fox LLP has lured a white collar duo from Dentons with more than 12 years of experience to join the government enforcement arena in the firm's New York office.
The government on Monday accused a former CIA employee of leaking classified national defense information to an outside organization that reports show was WikiLeaks, which had touted the leak as the largest-ever publication of confidential CIA documents.
A Brooklyn federal judge warned prosecutors Monday to scrutinize a cooperating witness in their case against two men who allegedly traded on draft corporate press releases that were pinched by Ukrainian hackers after the cooperator admitted on the stand to deceiving the government.
Brooklyn federal prosecutors sought to counter a bid by former Katten Muchin Rosenman LLP attorney Evan Greebel to reduce his potential sentence for fraud conspiracy on Monday, asking an expert witness questions that seemed meant to diminish his testimony on legal issues faced by life sciences startups.
Following an American Bar Association pledge, in-house attorneys are taking a harder line in demanding diversity from their outside counsel, and they're seeking to play a larger role in the workings of the law firms they hire.
In consumer class action settlements, cash provides the class and the court evaluating a proposed settlement with a quantitatively measurable benefit. Noncash settlements require heightened scrutiny by the court, since they are generally worth less to consumers than cash, and may benefit defendants and class counsel more than class members, says retired judge Thomas Dickerson.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
In the year since the U.S. Supreme Court decided Bristol-Myers Squibb Co. v. Superior Court of California — limiting where plaintiffs can bring claims and curbing forum-shopping in mass tort litigation — courts have grappled with questions that the ruling did not address, and defendants have pursued jurisdictional defenses in class actions and federal cases that were not previously available, say attorneys with Eversheds Sutherland LLP.
Much ink has been and will be spilled over the merits and complexities of the lawsuits brought against opioid manufacturers by 23 state attorneys general. However, for any company engaged in a consumer-facing industry, the progress of the recent multistate investigation offers lessons on what to expect when subject to this type of inquiry, says Richard Lawson of Manatt Phelps & Phillips LLP.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
Recent product labeling class actions centering on Starbucks coffee, Tito's Vodka, 5-Hour Energy and other products differ substantially from each other in their claims and the products involved. The fundamental economic differences between these cases mean that cookie-cutter methods are not likely to yield reliable measures of classwide damages, says Jon Tomlin of Navigant Consulting Inc.
In the marijuana industry, there is ambiguity surrounding failing businesses because the product remains illegal under federal law. Brett Theisen of Gibbons PC identifies the credit risks associated with lending to, or working with, a marijuana business and highlights key state law solutions for both debtors and creditors.
Is everything really bigger in Texas? A New York federal court's ruling in Aron v. Bristol-Myers Squibb — apparently the first reported opinion from the Farxiga multidistrict litigation — would have us believe that pharmaceutical manufacturers have bigger tort liability under Texas law. But the court let the plaintiffs slide on a number of key points, says Lora Spencer of Reed Smith LLP.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
The majority of circuit courts that have addressed the issue have made clear that district courts should not consider inadmissible evidence when evaluating motions for class certification. In the final part of this series, Robert Sparkes of K&L Gates LLP presents a critique of the minority viewpoint as recently adopted by the Ninth Circuit in Sali v. Corona Regional Medical Center.