New York

  • July 23, 2007

    Edwards Angell Opens New IP Office In D.C.

    Edwards Angell Palmer & Dodge LLP on Monday opened a new Washington, D.C. office to house its expanding intellectual property practice and linchpin partners Jamie Armstrong IV and William Brooks, both former patent prosecutors with Armstrong Kratz Quintos Hanson & Brooks LLP.

  • July 23, 2007

    Ephedra Still Causing Headaches For Diet Pill Makers

    Despite the recent dismissal of a spate of claims over ephedra, strong evidence linking the now-banned stimulant to plaintiffs' injuries has bumped the stakes for diet pill makers in the long-running multidistrict litigation.

  • July 23, 2007

    Judge Gives LID More Time To Decide On Leases

    A bankruptcy court has allowed diamond jewelry wholesaler LID Ltd. an extra 90 days to decide whether to keep its lease on its real property, but left the company's motion to extend its exclusivity period hanging.

  • July 23, 2007

    Omnicom Gets More Time To Answer FLSA Suit

    Advertising and public relations firm Omnicom Group Inc. has gained 30 extra days to reply to a lawsuit that accuses it of not paying its administrative assistants and other employees proper overtime compensation.

  • July 23, 2007

    Judge Refuses To Lift Stay In Securities Suit

    A judge has decided not to lift the stay in a securities suit filed against Aspen Technology Inc., denying the plaintiffs’ request to access documents provided by the company to regulators before the court rules on the defendants’ motions to dismiss.

  • July 23, 2007

    Hartford Financial Pays $115M To Settle AG Probes

    Three years after investigations into Hartford Financial Services Group Inc.'s alleged market timing and compensation agreements with brokers began, the insurance provider on Monday agreed to pay $115 million to settle claims with the attorneys general of three states.

  • July 23, 2007

    Judge Dismisses Derivative Suit Against BP

    A judge on Monday dismissed a derivative suit against BP plc, ruling that claims of breach of fiduciary duty relating to the Prudhoe Bay oil leak and other missteps could not be heard in New York district court, since the British-based company is subject to British law.

  • July 23, 2007

    Airlines Seek Stall In Air Cargo Price-Fixing Case

    A slew of major airlines targeted in the air cargo price-fixing litigation are clamoring to put the brakes on the case, pushing for dismissals and a stay of discovery.

  • July 23, 2007

    DLA Piper Wants Psych Exam In Employee Dispute

    DLA Piper LLP has once again moved for a court order to force a former employee to undergo a psychiatric examination, after she allegedly failed to comply with a judge’s earlier ruling in her race and gender discrimination lawsuit against the firm.

  • July 20, 2007

    Judge Won't Toss UN Discrimination Case

    A judge has refused to dismiss an age discrimination case brought by a former secretary of the Belgian Mission to the United Nations, saying that a similar case in Belgium isn't enough to force a dismissal.

  • July 20, 2007

    Opposition To Dana Deal With Unions Mounts

    Another Dana Corp. creditor, Brandes Investment Partners LP, has joined the fight against a deal between the bankrupt auto parts maker and its largest unions, the United Steel Workers and the United Auto Workers.

  • July 20, 2007

    Calpine Asks Court To Toss Towantic's Bankruptcy

    Calpine Corp. has asked a judge to throw out the Chapter 11 case of Towantic Energy LLC in order to facilitate the closing of the sale of Calpine's membership interests in the holding company, which tumbled into bankruptcy along with the embattled utility.

  • July 20, 2007

    UK Court Says Marsh Execs Can't Be Sued In U.S.

    A London appeals court has struck down an attempt by Marsh & McLennan to bring suit in a United States court against three former executives who took jobs with a rival brokers in London, ruling the employees can only be sued by the company in British courts.

  • July 20, 2007

    Four Accused In $75M Heating Oil Theft Scam

    The owners and employees of oil transportation companies Mystic Tank Lines Corp. and T&S Trucking Corp. have been criminally indicted for taking part in a scheme to steal and resell $75 million worth of heating oil.

  • July 20, 2007

    Take-Two Officials Plead Guilty In Options Case

    The former general counsel and ex-chief accounting officer of Take-Two Interactive Software Inc. have admitted to misrepresenting business records in relation to improper backdating of stock options.

  • July 20, 2007

    Drug Exec, Son Sentenced To Jail For Insider Trading

    A federal judge has sentenced a former Taro Pharmaceutical Industries Ltd. executive, his lawyer son and the son's friend to time behind bars for allegedly participating in an insider trading scheme that earned them more than $2 million.

  • July 20, 2007

    Judge OKs Credit Suisse Deal In Parmalat Case

    Overruling objections from a slew of financial services firms, a judge has given the green light to a $50 million partial settlement between investment bank Credit Suisse and Italy's Banca Nazionale del Lavoro SpA in the Parmalat securities fraud action.

  • July 23, 2007

    Another Student Lender Settles Kickback Allegations

    The seventh-largest student loan provider in the United States, College Loan Corp., has agreed to pay $500,000 to settle allegations that it provided kickbacks to colleges in return for placement on the schools’ preferred lender lists, New York State Attorney General Andrew Cuomo said Friday.

  • July 20, 2007

    Senate Approves Bill That Cuts Lender Subsidies

    The U.S. Senate on Friday approved a bill that would implement sweeping changes to the country’s student loan programs by providing more than $17 billion in grants and student aid while cutting subsidies to student loan companies.

  • July 20, 2007

    Collins & Aikman Ex-Execs Take The Fifth

    Two former executives of bankrupt Collins & Aikman have declined to respond to civil allegations concerning their role in orchestrating a scheme to mislead the company’s investors and lenders because they have pled guilty to similar criminal charges in a parallel action.