New York

  • March 11, 2024

    Catching Up With Delaware's Chancery Court

    Delaware's Court of Chancery became a hot topic in New Orleans last week as litigators and judges at an annual convention acknowledged the First State's corporate law preeminence is under scrutiny. Back home, the court moved ahead on disputes involving Meta Platforms, Abercrombie & Fitch and Donald Trump.

  • March 11, 2024

    Hughes Hubbard Splits Leadership Role As Firm Head Retires

    Hughes Hubbard & Reed LLP elected Neil Oxford and Robb Patryk to succeed current chair and managing partner Ted Mayer, splitting the leadership role as the head of the firm retires this year.

  • March 11, 2024

    Retailer The Body Shop Files For US Liquidation

    Buth-Na-Bodhaige Inc., better known as soap and lotion seller The Body Shop, filed for Chapter 7 liquidation in New York after its international parent filed for insolvency in the United Kingdom.

  • March 09, 2024

    Trump's Truth Social Defuses Chancery Go-Public Fight

    If Truth Social issues any new shares before it goes public, they will be put into escrow account and no existing shareholder will be diluted, former President Donald Trump's social media company told Delaware's Court of Chancery on Saturday, ratcheting down a conflict with a minority shareholder.

  • March 08, 2024

    Feds Slam Trump's Immunity Bid In Classified Docs Case

    The Special Counsel's Office has taken aim at former President Donald Trump's various attempts to dodge criminal allegations in Florida that he mishandled classified documents, in particular criticizing his "frivolous" presidential immunity argument as nothing more than a delay tactic.

  • March 08, 2024

    Stock Schemer Gets 5 Years For Fraud After 2nd Circ. Remand

    A New York federal judge on Friday re-sentenced a former registered broker to five years in prison for his role in a boiler room pump-and-dump scheme that targeted unwitting elderly investors after the Second Circuit found one year in prison "substantively unreasonable."

  • March 08, 2024

    Visa, Mastercard's Standing Challenge Fails In Swipe Fee Case

    A New York federal judge in a newly unsealed order rejected Visa and Mastercard's bid for summary judgment that claimed that merchants suing the card companies over allegedly anticompetitive conduct lack standing to do so under U.S. Supreme Court precedent.

  • March 08, 2024

    Real Estate Authority: SEC Climate Regs, State Of The Union

    Law360 Real Estate Authority covers the most important real estate deals, litigation, policies and trends. Catch up on key news from this week by state — as well as how President Joe Biden aims to improve affordable housing and what the U.S. Securities and Exchange Commission's new climate rule means for public real estate companies.

  • March 08, 2024

    Real Estate Cos. To Face Divvied Lease Price-Fixing Claims

    A Tennessee federal judge ruled that the claims of a nationwide lease price-fixing putative class action against multiple real estate companies and software company RealPage Inc. should be severed into four separate cases instead of dismissed.

  • March 08, 2024

    Abercrombie Ex-CEO Gets Legal Fees For NY Sex Assault Suit

    Abercrombie & Fitch Co. must front the legal fees of a former CEO accused of using his position to sexually abuse aspiring male models, a Delaware Court of Chancery judge ruled Friday, finding the allegations raised in a New York federal lawsuit were tied to his corporate role.

  • March 08, 2024

    4 Severance Cases Stemming From Musk's X Corp. Takeover

    A recently filed suit from four executives alleging Elon Musk cheated them out of severance pay adds to the legal fallout that Musk and X Corp. are facing in the aftermath of the tech billionaire's $44 billion acquisition of the company formerly known as Twitter.

  • March 08, 2024

    How Manhattan's Community Court Became A National Model

    The Midtown Community Court was founded 30 years ago as a “problem-solving court” designed to unjam the city’s jails and courtrooms by providing social services and other programming to low-level criminal offenders in lieu of more serious penalties. Since then, courts following similar models have quietly spread to almost every state in the country, and plans for even more are in the works.

  • March 08, 2024

    Debt-Stricken Homeowners Fight Back After High Court Ruling

    Ten months after a landmark U.S. Supreme Court decision finding a Minnesota county wrongly held onto excess proceeds it reaped after seizing a woman’s condominium and selling it to settle a tax debt, states are scrambling to reexamine their laws as financially distressed homeowners file new suits challenging the practice.

  • March 08, 2024

    NY Atty's 10-Year Fight Upends Wrongful Murder Conviction

    Garrett Ordower's career has evolved considerably over the last decade. But from his time at Wachtell Lipton Rosen & Katz, to his current roles at Scale LLP and as general counsel for a legal tech startup, there's been one constant: his commitment to clearing Steven Ruffin's name for a murder he didn't commit.

  • March 08, 2024

    UBS Luxembourg Must Face $50M Madoff Clawback Suit

    UBS Luxembourg can't escape a lawsuit seeking to claw back nearly $50 million the bank allegedly redeemed from Bernard L. Madoff feeder fund Fairfield Sentry Limited at highly inflated values, a New York bankruptcy judge ruled on Friday. 

  • March 08, 2024

    Kwok Judge Lets Gov't Keep $302M In Crypto For Restitution

    A New York federal judge has denied a request to return more than $300 million in assets to holders of cryptocurrrency issued by bankrupt Chinese exile Ho Wan Kwok's Himalaya Exchange, finding that the federal government has a continued interest in the property it seized.

  • March 08, 2024

    Trump Staves Off $83M Carroll Award With $91M Chubb Bond

    Chubb has written Donald Trump a $91.6 million bond so the former president can avoid paying writer E. Jean Carroll $83 million while he appeals a Manhattan federal jury's defamation verdict, according to Friday court filings.

  • March 08, 2024

    Google Can't Shake Video Ad Tech Claims In MDL

    A New York federal court has refused to toss claims targeting Google's control over online video advertising from a defunct video publisher in the sprawling multidistrict litigation accusing the tech giant of monopolizing digital ad technology.

  • March 08, 2024

    Giuliani Creditors Ask To Investigate His Finances

    Former New York City Mayor Rudy Giuliani's creditors want to probe his finances, his businesses, his advisers and even defense funds paying some of his legal bills, telling a bankruptcy court in a filing late Thursday that his history of shirking discovery requests in other cases and concerns that he could be hiding assets warrant a formal investigation.

  • March 08, 2024

    New Headache For Binance As 2nd Circ. Revives Investor Suit

    The Second Circuit on Friday revived a proposed investor class action against the embattled crypto exchange Binance Holdings Ltd. and its founder, disagreeing with a lower court that ruled the customers had not alleged their transactions were conducted in the U.S.

  • March 08, 2024

    NY AG And Judge In Trump Case Receive Death Threats

    New York Attorney General Letitia James and the judge who oversaw her civil fraud case against former President Donald Trump each received death threats inside powder-laced envelopes that triggered a massive security response late last month, according to police and court officials. 

  • March 08, 2024

    Judge Orders Probe Into NY Atty's Secret Courtroom Meeting

    A New York court will look into whether a secret meeting last year between the local attorney representing a man charged with murder and the law clerk for the judge trying his case amounted to an ethical violation and possibly infringed the man's constitutional right to a fair trial, attorneys told Law360 Friday.

  • March 08, 2024

    BakerHostetler Hires Tax Partner From Moses & Singer

    BakerHostetler has added a partner from Moses & Singer LLP to its tax practice group and private wealth planning team.

  • March 08, 2024

    Clifford Chance Adds Arnold & Porter Restructuring Duo

    Clifford Chance LLP is no exception to the wave of firms seeking restructuring talent in recent months, announcing Thursday that it's brought on two former Arnold & Porter Kaye Scholer LLP attorneys with a history of working on high-stakes reorganizations.

  • March 08, 2024

    Hiller PC Says Ex-Atty Stole From Firm, Not The Reverse

    Boutique firm Hiller PC told a New York state judge that a suit by a former attorney alleging she was underpaid should be trimmed, arguing that unjust enrichment claims fail because she was actually stealing money from the firm, not the other way around.

Expert Analysis

  • What Cos. Should Know About FTC's Proposed Junk Fee Rule

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    The Federal Trade Commission recently announced a notice of proposed rulemaking targeting junk fees and how businesses may advertise prices to consumers — and since it would give the agency powers to seek monetary penalties against businesses that do not comply, companies should look to get ahead now, say Phyllis Marcus and Nicole Johnson at Hunton Andrews.

  • AI Can Help Lawyers Overcome The Programming Barrier

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    Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.

  • Are CCOs Really In The SEC's Crosshairs?

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    U.S. Securities and Exchange Commission Enforcement Director Gurbir Grewal recently gave a speech to address the concerns of chief compliance officers in light of recent enforcement actions taken against them, but CCOs need to understand when to push back against management, quit, or report issues to the board or to regulators, say Brian Rubin and Adam Pollet at Eversheds Sutherland.

  • 2nd Circ. Holding Could Disrupt SEC Disgorgement Methods

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    A recent Second Circuit decision in U.S. Securities and Exchange Commission v. Govil that held disgorgement to be an equitable remedy has the potential to substantially disrupt the SEC's long-standing approach to monetary remedies in many of the cases the agency brings, say attorneys at Debevoise.

  • A Closer Look At The Sen. Menendez Indictment

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    Attorneys at Dowd Bennett analyze the latest charges filed against Sen. Bob Menendez, D-N.J., and four co-defendants — from bribery to acting as a foreign agent — potential defenses that may be mounted, and broader lessons for white collar attorneys.

  • Transparency And Explainability Are Critical To AI Compliance

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    Although there is not yet a comprehensive law governing artificial intelligence, regulators have tools to hold businesses accountable, and companies need to focus on ensuring that consumers and key stakeholders understand how their AI systems operate and make decisions, say Chanley Howell and Lauren Hudon at Foley & Lardner.

  • Preparing Law Students For A New, AI-Assisted Legal World

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    As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.

  • SEC Fines Mean Cos. Should Review Anti-Whistleblower Docs

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    The Securities and Exchange Commission’s expanding focus on violations of whistleblower protection laws — as seen in recent settlements where company contracts forbade workers from reporting securities misconduct — means companies should review their employment and separation agreements for language that may discourage reporting, says Caroline Henry at Maynard Nexsen.

  • Employer Takeaways From 2nd Circ. Equal Pay Ruling

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    The Second Circuit 's recent decision in Eisenhauer v. Culinary Institute of America reversed a long-held understanding of the Equal Pay Act, ultimately making it easier for employers to defend against equal pay claims brought under federal law, but it is not a clear escape hatch for employers, say Thelma Akpan and Katelyn McCombs at Littler.

  • General Counsel Need Data Literacy To Keep Up With AI

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    With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.

  • Young Thug Case Spotlights Debate Over Lyric Admissibility

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    A Georgia court’s recent ruling, allowing prosecutors to use some of rapper Young Thug’s lyrics in his conspiracy trial, captures the ongoing debate about whether rap lyrics are admissible, with courts often stretching the boundaries of the federal evidence rules, say Amy Buice at Smith Gambrell and Emily Ward at Continuum Legal Group.

  • A Bird's Eye View Of NYC's New Parapet Inspection Law

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    Building owners in New York City should be ready for the city's new parapet inspection requirements going into effect in January, which will likely necessitate additional construction work for countless buildings not previously subject to formal inspections, says Benjamin Fox Tracy at Braverman Greenspun.

  • AI Isn't The Wild West, So Prepare Now For Bias Risks

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    In addition to President Joe Biden's recent historic executive order on safe, secure and trustworthy artificial intelligence, there are existing federal and state laws prohibiting fraud, defamation and even discrimination, so companies considering using or developing AI should take steps to minimize legal and business risks, says civil rights attorney Farhana Khera.

  • Navigating Discovery Of Generative AI Information

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    As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.

  • Finding Focus: Strategies For Attorneys With ADHD

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    Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.

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