When Carl Schwartz joined the former Hunton & Williams LLP six years ago, the firm's managing partner directed him to build the roughly 40-lawyer real estate group into a national player, and today, the size of the practice he co-chairs has nearly quintupled, Schwartz told Law360 in a recent interview.
J.P. Morgan Chase Bank N.A. tricked a Mexican real estate developer into transferring properties worth “hundreds of millions of dollars” into its control by fraudulently promising to sell them, according to a $1.2 billion lawsuit filed in New York federal court Monday.
A lawyer charged with a multiyear campaign of making threats against a woman he briefly dated was denied bail Tuesday by a Manhattan federal judge, who saw a mix of circumstances that created a "serious risk" that the suspect might harm or threaten the woman if released.
Fiat Chrysler investors asked a New York federal judge Monday to reject the automaker’s request for a three-month extension of discovery in a stock-drop suit alleging the company lied about using emissions-cheating devices in vehicles and complying with safety recalls, calling it a "bait and switch" move.
Chinese developer Zuo Hui is reportedly in late-stage talks to pay $1.56 billion for certain property assets in central Beijing, Howard Hughes Corp. is said to have bought a New York development site for $180 million, and developer Gala Asher is reportedly seeking to sell a Los Angeles mansion for $135 million, which would set an L.A. residential sales record.
A Manhattan federal judge sentenced a convicted loan shark to 10 years in prison Tuesday for a decadelong payday lending scam, rejecting the 73-year-old defendant’s effort to blame the brother of a fellow convict for convincing him to set up the businesses.
A New York-based Sikh religious organization asked the Second Circuit on Monday to reconsider the society's bid to get a visa for one of its ritual singers, arguing that the visa should not have been rejected based on inconsistencies in the singer's application that did not directly pertain to the visa requirements.
The United States Golf Association and the Shinnecock Indian Nation said in a joint statement on Monday that they had reached a deal to allow the tribe to take part in activities around the U.S. Open tournament starting on Thursday in Southampton, New York, and to create a golf facility for Shinnecock players.
Milbank Tweed Hadley & McCloy LLP represented Deutsche Bank Trust Co. Americas in connection with the bank's $460 million loan to Macklowe Properties for the refinance of an office tower on Wall Street in Manhattan, according to records made public in New York on Tuesday.
Debevoise & Plimpton LLP and New York-based commercial litigation boutique law firm Holwell Shuster & Goldberg LLP on Tuesday announced they have adopted new associate pay scales and bonus structures that match the raises made public a day earlier by Cravath Swaine & Moore LLP.
Bankrupt fashion accessory maker Nine West Holdings Inc. announced Monday that a "highly competitive" bidding process had resulted in a larger-than-expected bid of over $340 million for its Nine West and Bandolino brands from stalking horse bidder Authentic Brands Group.
A Swiss banking adviser caught in a U.S. crackdown on international tax evasion should get probation or time served, since officials with greater culpability avoided incarceration, her attorney said in a sentencing memorandum filed Monday in a New York federal court.
A veterinary pharmaceutical company likely didn't mislead investors about the timeline for bringing an appetite stimulant for dogs to market, a New York federal judge said in dismissing a proposed securities class action alleging that a delay in the drug's availability caused the company's stock to nosedive.
New York private equity firm Leeds Equity Partners LLC has eclipsed the $750 million target for its latest investment vehicle, with plans to target businesses within the realms of education, training, information services and software, according to a statement on Tuesday.
A New York bankruptcy judge has agreed to let an investor for the doomed Fyre Festival pursue a $3 million claim against the company and its organizers while the beleaguered concert operation goes through liquidation.
In opposition to a class certification bid, CPI Card Group Inc. told a New York federal court on Monday that a man seeking to represent a class of investors accusing the chip-enabled card maker of misleading them in a $172.5 million initial public stock offering has a lack of familiarity with the case that makes him unfit for the task.
New York's highest court ruled Tuesday that the state attorney general could only sue under the Martin Act, a powerful tool for financial crimes enforcement, for three years after alleged violations, rejecting prosecutors' argument for a six-year limit and handing a victory to Credit Suisse.
RMBS trust insurer Ambac sued trustee US Bank in New York federal court on Friday, saying US Bank wrongly settled $374 million worth of claims over bad Countrywide loans for just $94 million, partly to head off a finding that US Bank was a fiduciary, which could "ripple" through to other RMBS litigation against the bank.
A former audit partner at KPMG LLP has asked a Brooklyn federal judge to make prosecutors look for exculpatory evidence in files belonging to the U.S. Securities and Exchange Commission and an accounting oversight group, saying both were essentially part of the prosecution team.
A New York federal judge rejected a bid by two former Kenyon & Kenyon LLP lawyers to defeat claims that they bungled patent paperwork but called for “discretion and decency” at a Monday hearing and urged the parties to strike a deal that would let the individuals off the hook.
The U.S. Supreme Court’s decision in Murphy v. National Collegiate Athletic Association was focused on sports betting but could be construed as conferring substantially more power on states in general, on issues including gun control, marijuana legalization and sanctuary cities, says Cory Lapin of Manning Gross & Massenburg LLP.
As the Judicial Panel on Multidistrict Litigation heads to Chicago for its May 31 hearing session, Alan Rothman of Arnold & Porter observes the panel’s golden anniversary with a retrospective look at its origins in the enactment of the MDL statute in April 1968, and reviews its most recent hearing session held in Atlanta on March 29.
H&M's recent lawsuit against graffiti artist Revok calls attention to questions that commercial property owners are trying to answer regarding what rights they have when graffiti art is painted on their walls against their will, say Steven Weber of Weber Law PA and Arturo Arca of Trembly Law Firm.
Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.
Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.
Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence.
In the run-up to the U.S. Supreme Court's decision in Murphy v. NCAA, many state officials viewed legalized sports betting as the answer to their budgetary problems. But states will soon learn, if they haven’t already, that sports betting is a complicated and low-margin business. Nevada’s results are sobering, say A.G. Burnett and Rick Trachok of McDonald Carano LLP.
As different jurisdictions impose their own disclosure requirements regarding commercial litigation finance, there can be no “one size fits all” approach to ensuring confidentiality. But litigants, lawyers and litigation funders may be able to decrease disclosure risks through a handful of best practices, says Alan Guy of Vannin Capital.
While the fate of recent bills seeking to prohibit or severely limit employment restrictive covenants is uncertain at best, in New York the employee choice doctrine remains a useful tool in the employer arsenal for restricting post-employment competition if the groundwork is properly created and administered, says Jerome Coleman of Putney Twombly Hall & Hirson LLP.
The New York State Department of Taxation and Finance just released for comment a draft bill to enact a new unincorporated business tax. While that is a laudable goal, the proposal as currently drafted appears to generate substantially more revenue for the state than the benefit to individual partners would seem to justify, say attorneys at Mayer Brown LLP.