A New York federal judge on Tuesday declined to rethink her decision tossing a Danish shipping company’s bid to arbitrate a dispute over a soybean shipment with the Paraguayan affiliate of a global agricultural products trader, rejecting the Danish company’s contention that the court overlooked certain allegations.
An executive for the company that licenses the name and recipes of the man who inspired the “Soup Nazi” character on television’s “Seinfeld” was arrested on Tuesday, accused of essentially telling Uncle Sam, “No tax for you!”
A hedge fund veteran accused two brothers in New York federal court Tuesday of duping him out of his $30 million stake in a booming prescription service, saying the pair exploited his venture capital reputation while fraudulently reselling the promised shares behind his back.
Haynes and Boone LLP has added top intellectual property litigator Adam Siegartel from Proskauer Rose LLP to join its trademark practice group as a partner at its New York office, where he will lead the brand management group and work on diverse IP matters.
A proposed class of investors asked a New York federal court on Tuesday for preliminary approval of a $1.5 million settlement agreement with China's largest mobile game publisher in the investors' suit accusing the company of insider transactions and corporate bribery.
Dunkin’ Donuts customers who allege the coffee chain illegally imposed a surcharge in the guise of a sales tax can’t litigate their proposed class action in federal court and must apply for a refund through administrative channels instead, the Second Circuit ruled on Tuesday.
A group of institutional investors accusing Citibank NA of bungling its duties as a residential mortgage-backed securities trustee urged a New York federal court on Tuesday to deny the bank’s bid to exit the proposed class action, telling the court that they have mustered enough evidence to cast doubt on Citi’s version of events.
HSBC urged a New York federal court Monday to reject a magistrate judge's recommendation to bar the bank from deflecting blame onto its lawyers in a raft of cases alleging HSBC failed to protect investors from toxic mortgage-backed securities, saying it is too early to know whether it will raise the defense.
A New York federal judge on Tuesday criticized a bid from prosecutors to impose a nearly decade-long prison term on a broker for his role a $131 million investment fraud scheme that preyed on investors of lighting company ForceField Energy Inc., instead ordering a two-year prison term.
A Manhattan federal judge sought Tuesday to assess the size of a potential class action alleging a dozen megabanks including Goldman Sachs Group Inc. and Bank of America Corp. colluded to block startup trading platforms from entering the giant market for interest rate swaps, after a plaintiffs-side lawyer alluded to potential billion-dollar damages.
New York Gov. Andrew Cuomo on Tuesday announced an aggressive short- and long-term action plan to shore up management at Penn Station and address what he described as the busy transportation hub’s chronic failures ahead of extensive track repairs that are slated to begin this summer.
A former Florida real estate partner charged with pilfering secret Foley & Lardner LLP computer files and making $1 million in illegal trading profits from the information along with a buddy was released on bail by a Manhattan federal judge on Tuesday.
Bankrupt nuclear energy behemoth Westinghouse Electric Co. LLC is poised to tap the remaining $450 million from an $800 million debtor-in-possession loan, after a New York bankruptcy judge told the debtor Tuesday he fully expects to approve the transaction after reviewing a recently finalized request.
The Second Circuit on Monday dismissed a petition to review a Board of Immigration Appeals decision to deport a Guatemalan man who argued that he needed to remain in the country to take care of his 3-year-old daughter, whose mother is ill, saying his arguments failed to raise questions of law.
A “slack fill” consumer protection lawsuit accusing gourmet food gift maker Harry & David LLC of underfilling its Moose Munch popcorn tins was dismissed on Monday in New York federal court when the parties voluntarily brought the suit to an end.
Forty Corvette owners can’t claim that their right to due process was violated when General Motors didn’t specifically inform them of bankruptcy proceedings, the automaker told a New York federal judge Monday, arguing that parties are bound by a court order even if they aren’t formally notified of it.
A New York federal magistrate judge on Monday said the entirety of a ConEd employee’s discrimination and retaliation suit against the company shouldn’t be tossed, recommending instead that the weighty suit be trimmed.
Labaton Sucharow LLP has increased its Securities and Exchange Commission whistleblower practice from one partner to four with the addition, announced Tuesday, of three former SEC and Department of Justice officials.
Boutique investment banking company Stone Key Partners on Monday hit job posting website Monster Worldwide Inc. with a breach of contract suit, claiming the website owes it $8.9 million under an advisory services contract related to the sale of a Korean subsidiary and the sale of Monster itself to a Dutch firm.
Target has reached an $18.5 million settlement with 47 states and the District of Columbia to resolve the states’ investigation into the company’s 2013 data breach — the largest multistate data breach deal ever reached, according to a statement by multiple states’ attorneys general on Tuesday.
The rebuttable presumption of reliance adopted by the U.S. Supreme Court 45 years ago in Affiliated Ute threatens to supersize the expanded basis for omission liability signaled by Leidos v. Indiana Public Retirement System, which the court will review next term, say attorneys with Murphy & McGonigle PC.
Following a recent California appellate court decision in Rincon EV v. CP III Rincon, it's likely that sophisticated parties will be discouraged from participating in the California court system in favor of jurisdictions that will enforce contractual provisions such as jury trial waivers, say Jerrold Bregman and Racey Cohn of Brutzkus Gubner Rozansky Seror Weber LLP.
In the penultimate episode of the CBS show "Bull," the team wrestles with a real issue in jury consulting and the legal professions in general: Should we work with an unsavory client? This is an interesting question that plays out in jury consulting firms on a regular basis, says jury consultant and psychologist Roy Futterman of Doar Inc.
The U.S. Supreme Court has reduced the giant oak that is Rule 10b-5 to a stump with one withered branch — the narrow scope of liability under Rule 10b-5(b). The court must retrace its steps back to Affiliated Ute, which recently turned 45 and was the court's last decision before it adopted the false star Blue Chip Stamps, says Gary Aguirre, a former staff attorney at the U.S. Securities and Exchange Commission.
How is it possible that an employee who used nasty language when referring to his supervisor on Facebook is protected, while an employee who yelled directly at his manager using similar verbiage is not? There are several key distinctions that help explain the vastly different outcomes in each case, say attorneys with Nixon Peabody.
Most law firms today aren't using common security and data protection measures that other industries employ to protect sensitive data. Options like continuous data replication and backups have various pros and cons, but most importantly, law practices must understand the need for a two-tiered approach to data protection, says Jeff Ton of Bluelock LLC.
As social media continues to expand, the legal issues that inevitably follow growth have begun to arise, and courts have found themselves struggling to adapt. One new challenge facing employers, employees and courts is the effect of social media on the traditional nonsolicitation agreement, say James Patton Jr. and Tae Phillips of Ogletree Deakins Nash Smoak & Stewart PC.
Justice Neil Gorsuch joined the U.S. Supreme Court a little more than 30 days ago, on April 7, 2017. And while it is too early for him to have written any opinions, Gorsuch participated in the final 13 oral arguments of the 2016 term. Charles Webber of Faegre Baker Daniels LLP offers five takeaways from his first month on the job.
Although the end often comes quickly, law firms do not fail overnight. Randy Evans of Dentons and Elizabeth Whitney of Swiss Re Corporate Solutions review five mistakes that expedite law firm failures.
This month, the Federal Circuit reversed a decision of noninfringement in Braintree v. Breckenridge, providing further guidance in the recent body of decisions under the Hatch-Waxman scheme regarding when proposed drug labeling evidences intent to induce patent infringement, say attorneys with Paul Hastings LLP.