New York

  • December 13, 2017

    Eaton Investor Beefs Up Claims In Suit Over Merger Tax Info

    An Eaton Corp. shareholder has asked a New York federal judge not to toss a proposed class action alleging the company defrauded it and others about the risks involved in a spinoff, saying it had fixed the deficiencies in an earlier complaint.

  • December 13, 2017

    Real Estate Rumors: CubeSmart, Visual Arts School, US Bank

    CubeSmart is said to have picked up a self-storage building in Florida for $17.75 million, the School of Visual Arts has reportedly renewed its 80,000-square-foot New York lease and US Bank is said to have taken control of an Illinois building following a foreclosure suit filed against owner Lexington Realty Trust nearly a year ago.

  • December 13, 2017

    Game Maker To Pay $4M To End Investor Claims Over IPO

    Mobile-game maker IDreamSky Technology Ltd. has agreed to pay $4.15 million to settle a class action over its $116 million initial public offering, the suing investors told a New York federal court on Tuesday.

  • December 13, 2017

    Soccer Exec Gets Reduced Sentence For FIFA Scandal Role

    A New York federal judge on Tuesday credited 10 months toward the sentence of the former general secretary of the Cayman Islands Football Association for time he spent in a Swiss jail awaiting extradition for his role in the sprawling FIFA corruption scandal, leaving him with just five months of actual jail time.

  • December 13, 2017

    SEC Target’s Filings Too ‘Inept’ To Be Atty's, Court Told

    Counsel for corporate clients wrapped up in a U.S. Securities and Exchange Commission lawsuit alleging a private equity executive stole $9.3 million from investors lashed out Tuesday at contentions that the executive is not representing himself, arguing his filings are too “inept” to come from a lawyer.

  • December 13, 2017

    Lithuanian Named In Facebook, Google Scam Working On Plea

    Evaldas Rimasauskas, the Lithuanian national accused of illegally inducing Facebook Inc. and Google Inc. to wire him roughly $122 million, is discussing a possible plea deal, according to a letter Tuesday to a Manhattan federal judge.

  • December 12, 2017

    On Appeal In NY, Libel Suit Over Trump Tweets Fails Again

    A Republican political strategist lost her $4 million defamation suit against President Donald Trump on appeal in New York state court Tuesday, as a panel ruled Trump’s tweets saying she “begged” for a job were statements of opinion.

  • December 12, 2017

    Defense, Gov't Clash Over Money Trail In FIFA Case

    Attorneys for the former South American soccer officials accused of conspiring to accept bribes from sports marketing executives argued Tuesday that prosecutors had shown no proof that any of the funds they showed flowing among various offshore accounts ever actually wound up in their clients' pockets.

  • December 12, 2017

    Subway Bombing Suspect Incites Family Migration Backlash

    After a Bangladeshi man was charged in Manhattan federal court Tuesday with detonating a bomb in a New York City subway station, the White House and Republican lawmakers alike called for an end to the family-based immigration mechanism that brought him to the U.S.

  • December 12, 2017

    SEC Knocks Trader's DQ Bid Over Alleged Privilege Breach

    The U.S. Securities and Exchange Commission told a New York federal court on Monday that its attorneys didn’t purposely look at privileged documents belonging to a foreign day-trading firm accused of manipulative trading and that, even if they did see a couple of those documents by accident, it hasn’t affected the case.

  • December 12, 2017

    State AGs Fight To Block Trump's Birth Control Rules

    Five state attorneys general urged a California federal judge at a hearing Tuesday to block the Trump administration’s proposed rules limiting access to birth control, arguing the rules violate the Affordable Care Act and will allow employers to unconstitutionally deny millions of women coverage for contraceptives by invoking religious beliefs.

  • December 12, 2017

    Odebrecht Oil & Gas Secures US Bankruptcy Protections

    Brazilian oil field servicing company Odebrecht Oil & Gas received New York bankruptcy court recognition Tuesday of its insolvency proceedings in Brazil, where it has received approval to execute a plan to restructure approximately $4.7 billion in secured debt.

  • December 12, 2017

    FXCM Owner Files Ch. 11 Prepack To Restructure Notes

    An indirect effective owner of online foreign exchange broker FXCM filed for bankruptcy in New York on Monday with prenegotiated plans to push out the maturity date for $172.5 million in senior notes following the company’s delisting from public trading on the Nasdaq Global Market.

  • December 12, 2017

    NJ Man Charged With Armed Cryptocurrency Robbery

    Manhattan District Attorney Cyrus Vance said Tuesday that a New Jersey man has been indicted for stealing more than $1.8 million worth of the cryptocurrency Ether through the physical theft of a digital wallet.

  • December 12, 2017

    NY Appeals Court Won't Revive Dental Malpractice Suit

    A New York appellate panel on Tuesday affirmed the dismissal of a suit accusing a dentist of botching a woman's root canals, saying the continuous treatment doctrine does not apply to the otherwise untimely suit.

  • December 12, 2017

    Amgen Whistleblower Was Original Source, 2nd Circ. Told

    An attorney for a whistleblower told the Second Circuit Tuesday that his client was an “original source” under the False Claims Act, because he showed Amgen Inc. knew it falsely promoted quality of life benefits for its anemia biologic Epogen.

  • December 12, 2017

    Turkish Banker Disputes That Iran Warning Made Him Nervous

    A former Obama administration official on Tuesday told a Manhattan jury that Mehmet Hakan Atilla, a Turkish banker accused of helping Iran dodge U.S. sanctions, was “taken aback” and “sweating” when directly warned against helping Tehran, which was disputed by the defense because the former official could not back up his account with notes from the time.

  • December 12, 2017

    Big Apple Circus Gets OK For Ch. 11 Plan

    Big Apple Circus Ltd.’s Chapter 11 plan was approved Tuesday by a New York bankruptcy judge, moving forward a mostly-volunteer effort to wind down the defunct nonprofit.

  • December 12, 2017

    Exxon Agrees To Disclose Climate Change Risks To Investors

    Exxon Mobil Corp. pledged this week to tell investors how international calls to curb global warming could impact the world leader in oil production, bending to shareholders who repeatedly requested information on the resilience of the company's business model.

  • December 12, 2017

    Judge Won't Help Out Convicted Analyst's Firm On Legal Fees

    A New York federal judge has refused a request by MSD Capital LP to change the forfeiture-restitution balance in the case of a convicted insider trader who had been an analyst there, saying Monday he didn’t have jurisdiction since there’s now an appeal, and it wouldn’t have changed things this late in the game regardless.

Expert Analysis

  • How Blockchain Could Change The Energy Industry: Part 1

    Caroline Stewart

    Blockchain technology has expanded far beyond cryptocurrencies and into the energy sphere, enabling peer-to-peer payment and potentially catalyzing distributed energy resources. But full integration of blockchain will require confronting a complex energy regulatory landscape, as well as reliability, security and stability concerns, says Caroline Stewart of Vinson & Elkins LLP.

  • Roundup

    Judging A Book

    Constance Baker Motley

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.

  • Don't Waste This Planning Cycle: Year-End Strategies

    Hugh A. Simons

    Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.

  • Deflating Uber's 'Puffery' Defense On Safety Claims

    Thomas Dickerson

    Uber and taxi companies in California, Texas and New York are debating whether Uber's use of words like "safe" and "safety" is misleading and deceptive or mere "puffery." Conflicting rulings from federal courts suggest litigation on this issue will continue, says retired New York State Supreme Court Associate Justice Thomas Dickerson.

  • Hidden Dangers Of The Fluctuating Workweek Method

    Jeffrey Cadle

    A recently approved multimillion-dollar settlement agreement in Acevedo v. BrightView Landscapes, a hybrid collective/class action covering 27 states, illustrates the limitations of fluctuating workweek plans, and potential pitfalls for employers who utilize this payment method, says Jeffrey Cadle of Obermayer Rebmann Maxwell & Hippel LLP.

  • From Snaps To Tweets: The Craft Of Social Media Discovery

    Matthew Hamilton

    Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.

  • The Battle Over 3rd-Party Releases Continues

    Matthew Kelsey

    Bankruptcy courts have taken divergent approaches to analyzing whether they have jurisdiction to approve nonconsensual third-party nondebtor releases. While the New York bankruptcy court's recent decision in SunEdison provides another data point for the debate, it leaves some questions unanswered, say attorneys with Gibson Dunn & Crutcher LLP.

  • What A Solar Eclipse Has To Do With Market Efficiency

    Daniel Bettencourt

    A common criticism of the event study methodology for testing market efficiency is that the number of events is insufficient and that the results cannot be generalized for the entire class period. That's where Albert Einstein and the 1919 total solar eclipse come in, say Daniel Bettencourt and Steven Feinstein of Crowninshield Financial Research.

  • An Interview With Former DHS Secretary Jeh Johnson

    Randy Maniloff

    Jeh Johnson, the former secretary of homeland security, was kind enough to let me visit him to reflect on his diverse career. He told stories that left me speechless. And yes, the man who was responsible for the Transportation Security Administration removed his shoes when going through airport security. You bet I asked, says Randy Maniloff of White and Williams LLP.

  • Series

    Judging A Book: Gilstrap Reviews 'Alexander Hamilton'

    Judge Rodney Gilstrap

    While Alexander Hamilton is the subject of a hit Broadway musical and renewed biographical examinations, professor Kate Brown takes us down a road less traveled in her book "Alexander Hamilton and the Development of American Law" — showing Hamilton as first, last and foremost an American lawyer, says U.S. District Judge Rodney Gilstrap of the Eastern District of Texas.