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New York

  • June 19, 2018

    Military Contractors Who Sold Co. Win $70M Earnout Fight

    The owners of a military contracting firm who sold the company to GardaWorld Corp. persuaded a New York judge to rule in their favor Tuesday in a contract dispute that could trigger up to $70 million in earnout payments, with the judge saying there’s “no question” that the contract favored them.

  • June 19, 2018

    Union Bosses Sat On Sex Harassment Charge: NY Carpenters

    Two members of a carpenters union told a New York federal court Monday that the union's leadership didn't inform members about allegations that the union president had sexually harassed a female employee until after he won re-election in December.

  • June 19, 2018

    Cadwalader Regulatory Atty Decamps For Debevoise

    Debevoise & Plimpton LLP has bolstered its banking group with a regulatory lawyer from Cadwalader Wickersham & Taft LLP who counseled the International Swaps and Derivatives Association when it rolled out compliance tools for companies to use in the wake of Dodd-Frank, the firm has announced.

  • June 19, 2018

    SEC Sues NY Man Over $11.5M Microcap Co. Stock Scheme

    The U.S. Securities and Exchange Commission accused a Bronxville businessman of manipulating microcap company Plandai Biotechnology Inc.’s stock price in a scheme that netted him more than $11.5 million in illicit stock sale proceeds, according to a lawsuit filed in New York federal court on Monday.

  • June 19, 2018

    Satellite Operator Blasts 'Baseless' Challenge To $1M Award

    A Bermuda-based satellite operator urged a New York federal judge Monday to confirm a $1 million arbitral award stemming from a soured transaction, accusing a Korean satellite communications provider of doing everything in its power to get out of paying up.

  • June 19, 2018

    Platinum Equity Inks $1.4B Deal To Sell Air Cargo Handler

    California-based Platinum Equity on Tuesday said it has agreed to sell France-based Worldwide Flight Services, which it touts as the largest air cargo handler in the world, to affiliates of fellow private equity firm Cerberus Capital Management in a deal worth roughly €1.2 billion ($1.4 billion).

  • June 19, 2018

    A Chat With Holland & Knight CFO Mia Stutzman

    In this monthly series, legal recruiters at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Mia Stutzman, chief financial officer at Holland & Knight LLP.

  • June 19, 2018

    Veritas Affiliate Forms Health Care IT Co. With $4.9B Deal

    A portfolio company of New York-based private equity firm Veritas Capital has agreed to acquire a provider of payment accuracy and analytics-driven solutions for the health care industry for an enterprise value of approximately $4.9 billion including debt, the company said on Tuesday.

  • June 19, 2018

    Arent Fox Snags White Collar Duo From Dentons

    Arent Fox LLP has lured a white collar duo from Dentons with more than 12 years of experience to join the government enforcement arena in the firm's New York office.

  • June 18, 2018

    DOJ Says Ex-CIA Worker Stole, Leaked Classified Docs

    The government on Monday accused a former CIA employee of leaking classified national defense information to an outside organization that reports show was WikiLeaks, which had touted the leak as the largest-ever publication of confidential CIA documents.

  • June 18, 2018

    Judge ‘Troubled’ By Ukraine Hacker-Trader Turncoat’s Lies

    A Brooklyn federal judge warned prosecutors Monday to scrutinize a cooperating witness in their case against two men who allegedly traded on draft corporate press releases that were pinched by Ukrainian hackers after the cooperator admitted on the stand to deceiving the government.

  • June 18, 2018

    Feds Downplay Testimony From Ex-Katten Atty's Loss Expert

    Brooklyn federal prosecutors sought to counter a bid by former Katten Muchin Rosenman LLP attorney Evan Greebel to reduce his potential sentence for fraud conspiracy on Monday, asking an expert witness questions that seemed meant to diminish his testimony on legal issues faced by life sciences startups.

  • June 18, 2018

    GCs Tackle Law Firm Culture In Diversity Push

    Following an American Bar Association pledge, in-house attorneys are taking a harder line in demanding diversity from their outside counsel, and they're seeking to play a larger role in the workings of the law firms they hire.

  • June 18, 2018

    The Hurdles Facing BigLaw’s Minority Women

    We asked BigLaw for data on female minority lawyers for the first time this year, and the results show an industry that is failing to attract and retain them. Here’s a look at the challenges facing these attorneys — and how a few firms are defying the norm.

  • June 18, 2018

    The Best Firms For Minority Equity Partners

    The legal industry is making sluggish gains when it comes to attracting and retaining attorneys of color, but this select group of firms is taking broader strides to diversify at the top.

  • June 18, 2018

    Judge Slams DOJ Jury Trial Bid In Ex-Barclays Trader Case

    A California federal judge on Monday laid into the U.S. Department of Justice, suggesting it was wasting resources by requesting a jury trial for a former Barclays PLC trader charged with scheming to defraud Hewlett-Packard Co. in a £6 billion options transaction, after the defendant said he’d prefer a bench trial.

  • June 18, 2018

    Iron Cos.' Action Over $48M Award Survives Dismissal Bid

    A New York federal judge declined to ax litigation seeking to enforce an over $48 million arbitral award secured by Brazilian iron companies, saying the alleged successors of steel company Steel Base Trade AG failed to show that they shouldn’t be held liable for the award or that it shouldn’t be recognized.

  • June 18, 2018

    Talk Radio Networks Ask Judge To Lift Cumulus Ch. 11 Stay

    A group of talk radio content producers appealing the dismissal of an antitrust suit against Cumulus Inc. and others asked a New York bankruptcy judge on Monday to lift the company's Chapter 11 stay to let them file an opening brief to the Ninth Circuit.

  • June 18, 2018

    Justices Reject Momentive Ch. 11 Make-Whole Payments Row

    The U.S. Supreme Court on Monday denied a last-ditch attempt by creditors of Momentive Performance Materials Inc. to collect on $200 million in fees tied to bonds repaid in bankruptcy, ignoring their argument that allowing the silicone manufacturer to keep the money contradicts “bedrock principles” of bankruptcy law.

  • June 18, 2018

    Brazil Telecom's $20B Restructuring Deal Clears US Court

    A Manhattan bankruptcy judge has approved the restructuring plan of troubled Brazilian telecommunications company Oi SA, clearing the way for a $20 billion debt-for-equity swap to take the company out of bankruptcy.

Expert Analysis

  • 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.

  • Introducing The Legal Industry To Millennial Business Owners

    Yaima Seigley

    ​The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.