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New York

  • June 12, 2018

    Hunton Atty Takes Real Estate Group From Local To National

    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.

  • June 12, 2018

    JPMorgan Sued For $1.2B Over Mexican Properties Trust

    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.

  • June 12, 2018

    No Bail For Atty Accused Of Lengthy Cyberstalking Campaign

    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.

  • June 12, 2018

    Investors Slam Fiat Chrysler's 'Bait And Switch' Discovery Bid

    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.

  • June 12, 2018

    Real Estate Rumors: Zuo Hui, Howard Hughes, Gala Asher

    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.

  • June 12, 2018

    Payday Loan Scammer Gets 10 Years For $220M Scheme

    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.

  • June 12, 2018

    2nd Circ. Asked To Rehear Sikh Ritual Singer’s Visa Bid

    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.

  • June 12, 2018

    US Golf Association, Tribe Ink Deal As US Open Approaches

    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.

  • June 12, 2018

    Milbank Steers Deutsche Bank's $460M Wall St. Property Loan

    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.

  • June 12, 2018

    2 Firms Catch Up To Cravath's Associate Pay Raise

    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.

  • June 12, 2018

    Authentic Brands Makes $340M Bid For Nine West Assets

    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.

  • June 12, 2018

    Swiss Banking Adviser Seeks Probation In Tax Scam

    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.

  • June 12, 2018

    Pet Pharma Co. Sidesteps Investor Suit Over Dog Drug Delays

    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.

  • June 12, 2018

    Leeds Equity Brings In More Than $750M For Latest PE Fund

    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.

  • June 12, 2018

    Fyre Festival Investor Can Pursue $3M Claim Amid Ch. 7

    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.

  • June 12, 2018

    CPI Says Investor Is Unfit To Lead $173M IPO Suit

    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.

  • June 12, 2018

    Credit Suisse Wins 3-Year Limit On Martin Act Suits

    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.

  • June 11, 2018

    Insurer Says US Bank Struck Lowball Settlement As CYA Move

    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.

  • June 11, 2018

    Ex-KPMG Partner Says Feds Sitting On Evidence

    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.

  • June 11, 2018

    Woeful Judge Won’t Free Attys From Kenyon Malpractice Suit

    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.

Expert Analysis

  • The Potentially Far-Reaching Impact Of Sports Betting Case

    Cory Lapin

    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.

  • And Now A Word To The Panel: Happy 50th!

    Alan Rothman

    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.

  • Do You Own The Graffiti Art On Your Building?

    Steven Weber

    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.

  • Rule 23 Changes: How Electronic Notice Can Save Money

    Brandon Schwartz

    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.

  • How We Got Here: A Look Back At Trailblazing Women In Law

    Jill Norgren

    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.

  • Getting The Snaps And Tweets Into Evidence

    Matthew Hamilton

    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.

  • States Need Realistic Expectations For Sports Betting

    A.G. Burnett

    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. 

  • Keys To Protecting Communications With Litigation Funders

    Alan Guy

    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.

  • Employee Choice Doctrine — Alive And Well In NY

    Jerome Coleman

    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.

  • NY Unincorporated Biz Tax Proposal Overshoots Its Mark

    Leah Robinson

    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.