New York

  • February 2, 2007

    MetLife Faces Potential Class Action Suit

    Metropolitan Life Insurance Company is facing a potential class action lawsuit after a former client accused the life insurer of forcing its agents to sell its own mutual funds and insurance policies if they wanted to keep their jobs.

  • February 2, 2007

    Wilson Sonsini Lures FTC Merger Official

    A former assistant director for the mergers section of the Federal Trade Commission has decided to bring his expertise with the government to Wilson Sonsini Goodrich & Rosati’s antitrust practice.

  • February 1, 2007

    Jenner & Block

    U.S. age discrimination laws were created to protect workers from unfair treatment because they are too old—but does it protect workers from discrimination if they are too young? That was the unusual question brought to the U.S. Supreme Court by a firm with experience in precedent-setting cases: Jenner & Block.

  • February 1, 2007

    Exchange Regulator Calls For Public Directors

    Seeking to avoid conflicts-of-interest at futures exchanges, the Commodity Futures Trading Commission issued guidelines Thursday calling for increased public representation in their boardrooms.

  • February 1, 2007

    St. Vincent Gets Exclusivity Extension

    Saint Vincent Catholic Medical Centers narrowly missed losing its exclusive right to file its own Chapter 11 reorganization plan on Wednesday, before the bankruptcy court granted an emergency bridge order extending the deadline to Feb. 9.

  • February 1, 2007

    Deloitte Absolved By Appeals Court Ruling

    The U.S. Court of Appeals for the Second Circuit on Wednesday affirmed a lower court ruling that dismissed Deloitte & Touche LLP from a lawsuit brought by shareholders over the 2001 collapse of Warnaco Group Inc.

  • February 1, 2007

    Shareholders Withdraw Suit Against Midwest Air

    Midwest Air Group Inc., which has battled to thwart an unsolicited merger bid by AirTran Holdings Inc., announced Wednesday that a shareholder lawsuit involving the merger has been withdrawn.

  • February 1, 2007

    Delphi Union Aims For Deal By End Of Month

    The second-largest union at Delphi Corp. said it hopes to reach a tentative agreement with the bankrupt auto parts maker by the end of February, a crucial step in the company’s efforts to emerge from bankruptcy.

  • February 1, 2007

    Law Firm Settles Second Harassment Case

    A small, Queens-based law firm has agreed to offer training to employees about sexual harassment, retain an independent monitor to ensure compliance, and not to rehire the man accused of befouling a female co-worker's phone receiver with semen.

  • February 1, 2007

    Ex-CIBC Brokers Accused Of Market-Timing

    The U.S. Securities and Exchange Commission has filed a suit against two former CIBC World Markets Corp. traders, alleging that the brokers engaged in market-timing with mutual fund accounts.

  • January 31, 2007

    US Airways Withdraws Delta Offer

    US Airways Group officially withdrew its $10.2 billion offer to lift Delta Air Lines Inc. out of bankruptcy Wednesday, following days of speculation surrounding Delta’s unsecured creditors’ acceptance of the deal and the bankrupt airline’s looming disclosure statement hearing.

  • January 31, 2007

    Tower Sues To Recover Payments

    Bankrupt auto parts manufacturer Tower Automotive Inc. started adversary proceedings against 41 companies on Tuesday, in an attempt to recover millions of dollars in transfers made after Tower entered bankruptcy.

  • January 31, 2007

    Settlement Postponed In Holocaust Insurance Case

    A $44 million settlement between Italian insurer Assicurazioni Generali SpA and a class of Holocaust victims it allegedly defrauded has reportedly been pushed back another week, with both sides agreeing to further discussions.

  • January 31, 2007

    Teen's Counterclaims: Record Companies In "Cartel"

    A teenager who found himself the target of a federal piracy lawsuit brought by some of the country’s biggest record companies is fighting back, filing court papers asserting his innocence, and accusing the plaintiffs of running afoul of antitrust laws and conspiring to defraud U.S. courts.

  • January 31, 2007

    Edwards Angell Palmer & Dodge

    Like many labor and employment practice groups, the one at Edwards Angell Palmer & Dodge LLP enjoys having longstanding relationships with clients. What separates it from the competition is that it partners with clients, rather than telling them what to do, the firm said.

  • January 31, 2007

    Judge Sanctions NTL For Botching Evidence

    A magistrate judge has ordered NTL Inc.’s two reorganized companies, both defendants in a federal securities fraud case, to pay plaintiffs’ attorneys fees for tying up the discovery process and allowing key information to be destroyed.

  • January 31, 2007

    Merrill Lynch To Pay $40.3M Settlement

    A New York federal judge has signed off on a $40.3 million settlement for mutual fund investors who claimed Merrill Lynch & Co. Inc. provided misleading analyst research about Internet companies to attract profitable investment banking business.

  • January 31, 2007

    Litter Mendelson Grabs Attorneys For New Offices

    In an effort to address a growing demand for its services, labor and employment firm Littler Mendelson has opened two new offices in Connecticut.

  • January 31, 2007

    Final Executive In CA Accounting Fraud Sentenced

    Former Computer Associates executive Lloyd Silverstein, who was the first executive to plead guilty in the $2.2 billion scandal at Computer Associates, received no jail time in his sentencing Wednesday.

  • January 30, 2007

    Granite’s Creditors Balk At Joining Committee

    The U.S. Trustee overseeing Granite Broadcasting Corp.’s bankruptcy proceedings said Tuesday that she could not appoint a creditors’ committee due to lack of interest.