New York

  • March 15, 2018

    Weil's Breitburn Lienholder Work A 'Fee Issue,' Judge Says

    A New York bankruptcy judge on Thursday said the failure of Weil Gotshal & Manges LLP to disclose it had represented a Breitburn Energy Partners LP lienholder before taking on the company's bankruptcy case was a “fee issue” that could come into play when the firm tries to collect its pay.

  • March 15, 2018

    White & Case Adds Ex-Paul Hastings Latin America IPO Pro

    White & Case LLP has picked up a former Paul Hastings partner who represents financial institutions and securities issuers in cross-border offerings, including advising Morgan Stanley and JPMorgan in Jose Cuervo’s initial public offering in Mexico.

  • March 15, 2018

    Haitians’ Protected Status Nixed Due To Racial Bias, Suit Says

    A nonprofit group of lawyers who represent immigrants hit President Donald Trump and the U.S. Department of Homeland Security with a lawsuit in New York federal court Thursday challenging the decision to end temporary protected status for Haitians, saying the move was motivated by racial animus.

  • March 15, 2018

    Blank Rome Nabs Finance, RE Attys From Herrick Feinstein

    Blank Rome LLP has brought on board two New York-based partners from Herrick Feinstein LLP with significant experience handling corporate, finance and real estate matters, the firm announced Thursday.

  • March 15, 2018

    Investors Can’t Peg ProNAi For Failed Cancer Drug

    Pharmaceutical maker ProNAi Therapeutics Inc. and two of its executives shed a proposed securities class action on Tuesday when a New York federal judge found most of the company’s statements about the success of a cancer treatment that investors claimed to be misleading could be chalked up to puffery.

  • March 15, 2018

    'Copyright Troll' Atty Ordered To Take Ethics Class

    A Manhattan federal judge decided Wednesday to reduce a $10,000 sanction against a “copyright troll” attorney to $2,000, but only after ordering him to complete training in “ethics and professionalism.”

  • March 14, 2018

    Bankruptcy Court's Block Of $1B Lehman Clawback Upheld

    A New York federal judge on Wednesday affirmed a bankruptcy court’s dismissal of a Lehman Brothers unit's bid to claw back $1 billion in swaps transactions, saying it correctly determined the safe harbor provision for swap agreements protects the distributions of the collateral.

  • March 14, 2018

    Harper Lee Estate Sues Over Sorkin Version Of 'Mockingbird'

    Author Harper Lee’s estate accused producer Scott Rudin and writer Aaron Sorkin of mangling her 1960 classic “To Kill a Mockingbird” in a play based on her novel, saying their version breached a contract by changing characters, including the lawyer at the center of the tale, Atticus Finch.

  • March 14, 2018

    Warby Parker Picks Up $75M With Eye On Future Growth

    Warby Parker has received a $75 million capital injection from a group of private investors led by asset management firm T. Rowe Price, the eyewear retailer revealed on Wednesday, with plans to use the money to strengthen the company for the future, including through research and development.

  • March 14, 2018

    NY Helicopter Co. Accused Of Negligence In East River Crash

    The parents of a man who died in a sightseeing helicopter crash into New York City’s East River sued the aircraft’s owner on Tuesday for wrongful death, claiming it was grossly negligent and reckless to use harnesses that provided no means of escape in an emergency.

  • March 14, 2018

    Fed Orders ICBC To Tighten Anti-Money Laundering Checks

    The Federal Reserve has ordered the Industrial and Commercial Bank of China Ltd. to reform its anti-money laundering protections after finding “significant deficiencies” during its most recent examination of the bank’s New York branch, the regulator announced Tuesday.

  • March 14, 2018

    Opes Acquisition Prices $100M IPO To Target Mexican Co.

    Opes Acquisition Corp., a blank check company affiliated with private equity firm Axis Capital Management, said Wednesday it priced an initial public offering that raised $100 million, money intended to help fund the acquisition of a Mexican business.

  • March 14, 2018

    Loeb & Loeb, Kelley Drye Steer Aareal's $100M, $80M Loans

    Aareal Capital Corp. has provided loans of $100 million and $80 million for separate properties in Manhattan, one of which has a retail component, and looked to Loeb & Loeb LLP and Kelley Drye & Warren LLP for help on the deals, according to records made public in New York on Wednesday.

  • March 14, 2018

    Would-Be Arms Dealer Gets 25 Years For Iran Missile Ploy

    A former electrical engineer convicted of trying to sell surface-to-air missiles and military aircraft parts to the Iranian government was sentenced Wednesday to 25 years in prison, despite his claims he was actually trying to expose the regime as a violator of international law.

  • March 14, 2018

    Nestle Employees Can't Revive ERISA Suit Against Voya

    A proposed class of Nestle retirement plan participants who accused administrator Voya Financial Inc. of violating its duties under the Employee Retirement Income Security Act had its bid to revive its suit rejected by a Manhattan federal judge on Tuesday.

  • March 14, 2018

    Pension Fund Objects To Tops Markets Vendor Agreement

    Representatives of a Teamsters retirement fund on Tuesday asked a New York bankruptcy court to reject a proposed deal between bankrupt regional grocery chain Tops Markets LLC and a supplier, saying the chain comes out on the short end of the deal.

  • March 14, 2018

    Chadbourne, Norton Rose To Pay $3M To Settle Gender Suit

    Three female lawyers who lodged a proposed class action claiming the former Chadbourne & Parke LLP law firm and its leadership systematically underpaid women asked a Manhattan federal judge Wednesday to approve $3.1 million in payments to settle the case.

  • March 14, 2018

    Lack Of Citibank Stamp Tanks $695M RMBS Suit, Judge Told

    The Federal Deposit Insurance Corp.’s failure to nab Citibank’s signature on its claims in a $695 million mortgage-backed securites suit should stop the suit in its tracks, the defendant banks told a New York federal judge in a brief on Tuesday, saying the amended complaint should be tossed.

  • March 13, 2018

    Reggae Singer Sues Miley Cyrus Over ‘We Can’t Stop’ Lyric

    A reggae performer known as Flourgon asked a New York federal judge to stop Miley Cyrus from performing her 2013 hit “We Can’t Stop,” a song he claimed uses lyrics from one of his own tunes, in a copyright infringement suit lodged against the former Disney star Tuesday.

  • March 13, 2018

    Real Estate Rumors: Extell, Crown, Oxford

    Extell Development has reportedly sold $107 million of preferred shares in its $4 billion Manhattan residential condo tower project, Crown Acquisitions is said to have purchased a Miami retail building for $25.65 million, and Oxford Properties Group is said to have landed a $180 million loan from Deutsche Bank for its recent New York mixed-use purchase.

Expert Analysis

  • Website Accessibility Suits Highlight Need For DOJ Rule

    David Baris

    Financial institutions are the latest target of website accessibility suits under the Americans with Disabilities Act, with New York and Florida seeing a significant uptick in such litigation this year. These cases are not easily dismissed, and compliance risk remains high in the absence of a clear standard from the U.S. Department of Justice, say David Baris and Lori Sommerfield of Buckley Sandler LLP.

  • Online Image Infringement And The Statutory-Damages Threat

    Daniel Mazanec

    A New York federal court's recent decision in FlameFlynet v. Shoshanna adds to a growing body of precedent for refusing to award substantial statutory damages requested by a copyright owner where the amount far exceeds actual damages, says Daniel Mazanec of Greenspoon Marder LLP.

  • Handling Federal, NY State And NYC Background Check Laws

    Brian Murphy

    State and local laws that overlap and intersect with the Fair Credit Reporting Act's requirements have proliferated in recent years. New York state and New York City employers face perhaps the greatest burden in untangling these competing paradigms, because compliance with one does not ensure compliance with another, says Brian Murphy of Sheppard Mullin Richter & Hampton LLP.

  • Register Your California Cannabis Trademarks Now

    Joshua Cohen

    Any cannabis business that is holding its breath waiting for the U.S. Patent and Trademark Office to start registering cannabis-related trademarks should give up. But those located in states that have legalized recreational and/or medicinal cannabis should immediately seek state trademark registration where available, says Joshua Cohen, leader of Wendel Rosen Black & Dean LLP's intellectual property group.

  • How Emerging Sources Of ESI Will Impact Discovery

    Charles McGee

    Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle PC.

  • 3 Mass. Proposals Signal A New Wave Of Offshore Wind

    Tommy Beaudreau

    After the recent submission of three bids in response to Massachusetts electric distribution companies' request for proposals for offshore wind energy projects, the stage is set for 2018 to be a breakthrough year in U.S. offshore wind development, say attorneys with Latham & Watkins LLP.

  • Put The Brakes On Acceleration Bay Litigation Funder Ruling

    David Gallagher

    Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.

  • Some Pointers For Stressed And Distressed Charitable Orgs

    James Vincequerra

    There is speculation that the Tax Cuts and Jobs Act will have the unintended consequence of less charitable giving in 2018 and beyond. Administrators of not-for-profit charitable organizations may need to take a hard look at restructuring operations, say James Vincequerra and Gerard Catalanello of Alston & Bird LLP.

  • 2nd Circ. Courts Dive Into 'Class Arbitration' Questions

    Gilbert Samberg

    The U.S. Supreme Court has not yet addressed core issues that will ultimately determine the viability of a class arbitration award, nor have the various courts of appeal grappled with those issues. However, courts in the Second Circuit have recently begun to do so, says Gilbert Samberg of Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • Considerations For Attorneys Using Artificial Intelligence

    Ben Allgrove

    Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.