New York

  • May 30, 2007

    K&L Gates Fortifies Washington Energy Practice

    Looking to beef up its energy practice on the East Coast, Kirkpatrick & Lockhart Preston Gates Ellis LLP has plucked a veteran regulatory and transactional attorney from White & Case LLP.

  • May 30, 2007

    Judge Gives Go-Ahead To Prilosec Patent Suit

    A federal judge on Friday denied generic drug maker Impax Laboratories Inc.’s motion to dismiss a longstanding patent dispute with AstraZeneca AB after patents for its gastric acid-inhibiting drug, Prilosec, expired.

  • May 30, 2007

    Final Approval Sought For $100M AmEx Settlement

    Attorneys for the plaintiffs in a putative securities class action against American Express Co. have asked a judge to give final approval to a hard-fought settlement deal worth more than $100 million.

  • May 30, 2007

    Barclays Pays $10.9M To Settle Insider Trading Claims

    Barclays Bank PLC will pay over $10.9 million to settle charges it made insider trades using nonpublic information it received while serving on creditor committees of bankrupt companies, the U.S. Securities and Exchange Commission said Wednesday.

  • May 29, 2007

    Northwest Trustee Protests Ad Hoc Settlement

    The U.S. Trustee in Northwest Airlines Corp.'s Chapter 11 case has objected to a settlement reached between the airline and its frequent sparring partner, the ad hoc committee, arguing that the deal is unwarranted.

  • May 29, 2007

    Solutia Seeks Court Nod For Disclosure Statement

    Taking the next step toward exiting bankruptcy, chemical company Solutia Inc. has asked for court approval of its disclosure statement in hopes of emerging from Chapter 11 protection before October.

  • May 29, 2007

    WTC Leaseholders Call To Stay Punitive Damages

    A group of World Trade Center leaseholders has called on a court to stay claims for punitive damages against airlines in the long-running September 11 litigation, arguing compensation was a priority over punishment.

  • May 29, 2007

    Judge OKs New Century Bonus Payouts

    A bankruptcy judge has given the green light to New Century Mortgage Corp.'s key employee incentive plan in a move that will see the bankrupt subprime lender shelling out bonuses to its top officials, despite critics who called the plan excessive.

  • May 29, 2007

    Goldman Sachs Tells Tower Auto To Pay Back Rent

    Goldman Sachs Credit Partners LP on Friday asked the court to force Tower Automotive to pay rent on its equipment leases, despite the bankrupt auto parts company's claims that it had already given what was due.

  • May 29, 2007

    Qantas Will Aid In Cargo Investigation: Report

    Less than two weeks after British Airways PLC admitted it had violated antitrust law, Qantas said Tuesday that it is cooperating with U.S. and British regulators' investigation of industry-wide air cargo price-fixing, according to a published report.

  • May 31, 2007

    Public Service Attorney Jumps To Greenberg Traurig

    Switching back to the private realm, the former managing attorney at New York's Department of Public Service has joined the Albany office of Greenberg Traurig LLP's Energy and Natural Resources Group.

  • May 30, 2007

    States Consider Law Against Office Bullies

    A dozen U.S. states are considering legislation that aims to crackdown on workplace bullying, but some employment attorneys worry that making office bullying illegal would lead to a wave of frivolous lawsuits.

  • May 29, 2007

    Purdue, Impax Patent Fight Comes To An End

    A patent infringement suit filed over blockbuster painkiller OxyContin has been dismissed, after a court approved the settlement reached between OxyContin maker Purdue Pharma and generic pharmaceutical company Impax Laboratories.

  • May 30, 2007

    O'Melveny Grabs Another Partner From Stroock

    A bankruptcy attorney has followed four former Stroock & Stroock & Lavan LLP colleagues across town to O'Melveny & Myers LLP to help boost the New York office's fledgling restructuring practice.

  • May 25, 2007

    Judge Dismisses ERISA Suit Against Aetna

    A federal judge in Manhattan has tossed out an ERISA lawsuit against Aetna Life and Casualty Co. brought by a woman who asked the court for declaratory judgment saying that she was disabled and entitled to long term benefits under a policy issued to her former employer.

  • May 25, 2007

    Refco Plaintiffs Object To Defendants' Motion

    The lead plaintiffs in the securities class action filed against now-defunct futures brokerage Refco Inc. have formally objected to a motion filed by some of the defendants asking the court to reconsider the allegations against them.

  • May 29, 2007

    Trustee, New Century Clash Over Examiner's Role

    Subprime lender New Century Financial Corp. has contested a request by the U.S. Trustee Office to expand the scope of an examination of its bankruptcy case in light of a company disclosure last week regarding its 2006 financial statements.

  • May 29, 2007

    Judge Denies Refco Customers' Fee Bid

    Amid multimillion-dollar payouts to creditors, defunct brokerage Refco Inc. scored a small victory when a bankruptcy court denied an investor committee's request for legal fee reimbursement.

  • May 25, 2007

    Yukos Gets Nod To Sell Foreign Assets

    A Dutch court has reportedly given the green light for Yukos to sell off its foreign assets, marking the latest divestiture by the bankrupt oil group in recent months.

  • May 29, 2007

    Reinsurance Suit Ends In Victory For SEC

    The first lawsuit over finite reinsurance fraud to go to trial has ended in a victory for the U.S. Securities and Exchange Commission.