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