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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.