A former “The Apprentice” contestant who publicly accused Donald Trump of having made unwanted sexual advances toward her filed a defamation lawsuit against the president-elect in New York court Tuesday for asserting in Twitter posts and campaign rallies that she concocted the allegations.
Capital One told a New York appellate panel Tuesday that a lower court should have forced loan guarantors to cough up $57 million for a defaulted loan for taxi medallions, saying that the contract language calling the guarantees absolute, irrevocable and unconditional entitles the bank to collect from the guarantors.
A string trio and an entertainment company filed a putative class action against independent record label Entertainment One GP LLC in New York federal court Tuesday, claiming that the label failed to report revenue from digital entertainment media distribution to Sirius XM Radio.
Three collateralized loan obligation funds created by Patriarch Partners LLC magnate Lynn Tilton have gone after their founder, accusing her in a fraud suit filed Monday in New York federal court of mismanaging the Zohar funds and stealing more than $1 billion from them, putting them at risk of default.
The anonymous Client A, who is at the center of a lawsuit against JPMorgan Chase & Co. by an ex-executive who claims the bank fired her for flagging possible fraud, will be identified at trial and may be called as a witness by the former banker, a New York federal judge said Tuesday.
Former Visium Asset Management LP portfolio manager Christopher Plaford told a Manhattan federal jury Tuesday that he used information about falling government health care reimbursement rates from David Blaszczak, a former Centers for Medicare & Medicaid Services employee, to bet against home health-sector stocks.
New York’s top financial watchdog on Tuesday blasted a federal regulator’s proposal to create a new charter for nonbank online lenders and other financial technology firms, saying that the new charters would open the door to weakening state consumer protection laws.
Outgoing U.S. Securities and Exchange Commission Chair Mary Jo White said Tuesday the agency must remain independent in the face of “partisan tides” and constricting legislation in order to fulfill its mission of protecting investors.
A regional dental supplies company has told a New York federal judge that it’s too small to have participated in an alleged nationwide price-fixing conspiracy and that the dentists who filed the proposed class action waited too long to add the company to the lawsuit.
A Chicago-based company that operates drones has agreed to pay $200,000 in penalties to settle federal allegations that it operated unmanned aircraft in congested airspace over New York City and Chicago and violated airspace regulations and aircraft operating rules, the Federal Aviation Administration announced Tuesday.
A New York federal judge on Tuesday tossed a former Akin Gump Strauss Hauer & Feld LLP attorney's $17.3 million discrimination lawsuit against the firm, saying a similar complaint filed prior to this one in the District of Columbia negates her claims.
A man accused of tricking relatives of former United Nations head Ban Ki-moon into paying him $500,000, money that was supposed to serve as a bribe to pave the way for an $800 million building complex in Vietnam, denied fraud and money laundering charges in Manhattan federal court Tuesday.
Abraham Leser has reportedly scored $120 million in CMBS financing for a Brooklyn building, Bed Bath & Beyond is said to have leased 76,000 square feet in New York, and HA Langer has reportedly dropped $11 million on 100 Chicago condos.
The group of individuals that Chinese clothing maker Manta Industries Ltd. wants to hold liable for a $3.8 million judgment asked a New York federal judge to throw out the claims against them on Tuesday, calling the complaint a “meritless strike suit.”
Elliott Management and Bluescape Energy revealed Tuesday that they together hold a 9.4 percent stake in NRG Energy and are considering nominating directors, marking the first time a hedge fund and a private equity firm joined forces on an activist campaign.
Prominent sports gambler Billy Walters on Friday asked a New York federal judge to dismiss an insider trading case against him — which also ensnared pro golfer Phil Mickelson — saying his rights were violated by a rogue FBI agent who leaked details of the investigation to the press.
The U.S. arm of a Chinese solar power equipment supplier got its $1.3 million arbitration award against an Australian solar installer and its U.S. purchasing agent confirmed in New York federal court Tuesday, with the judge saying mere “grumbles” about process don’t rise to the level of bad faith or incompetence required to strike down an award.
Reed Smith LLP announced the addition of a new corporate tax controversy partner for its state tax group in New York, with the hiring of a former Morrison & Foerster LLP partner.
New York could be the next state to challenge a federal law prohibiting states from authorizing sports betting as New York Assemblyman J. Gary Pretlow, who chairs the Racing and Wagering Committee, told Law360 he plans to float a sports betting legalization bill this month, a move that will likely land the state in federal court.
A New York appellate court on Tuesday rejected identity theft protection company LifeLock Inc.'s bid to revive its suit seeking coverage from Lloyd's of London underwriters for defense costs in a civil suit and related class actions over purportedly misleading claims, holding that a pair of policy exclusions preclude coverage.
Since 2008, the legal relationship dynamic has consistently evolved, leading clients to demand more "value" for services received. In 2017, investment in and adoption of new technology and prioritizing cybersecurity will lead to an increase in billable hours and shifts in realization rates, says Haley Altman of Doxly.
Transitioning to 2017 promises to be full of changes for employers, and while you may not know how the new administration or court decisions will impact employment laws and regulations, you can resolve to be ready for the changes, say Allegra Lawrence-Hardy and Bonnie Burke of Lawrence & Bundy LLC.
It would be great if the new rules surrounding marijuana legalization and employer drug policies were clear, stable and uniform from state to state and across the country. However, especially with an incoming right-leaning cabinet, the reality is we’re facing a mixed bag of guidelines over the next couple of years, says Eve Wagner of Sauer & Wagner LLP.
With commercial litigation funding gaining acceptance throughout the U.S., law firms and corporations are investigating how they can benefit from the capital that funders provide, and which criteria they should use in selecting a funder. Ralph Sutton, chief investment officer of Bentham IMF, discusses several major trends to watch in 2017.
In part 1 of his three-part review of 2016's most significant environmental cases, Anthony Cavender of Pillsbury Winthrop Shaw Pittman LLP analyzes decisions from the U.S. Supreme Court and the D.C., First, Second, Third and Fourth Circuits, noting, among other observations, the unusual number of Endangered Species Act cases decided by the D.C. Circuit.
There was no shortage of action in the world of labor and employment law in 2016. Looking back on the year behind us, several areas in particular emerge as significant, both because of what happened in 2016 and what those developments will mean as we look toward 2017 and beyond, say attorneys at Cozen O'Connor PC.
There are a number of concrete, practical steps that law firms can take to address the high cost of defending legal malpractice claims, both before and after a claim is made, says Richard Simpson, a partner with Wiley Rein LLP who serves on the ABA Standing Committee on Lawyers’ Professional Liability.
With the incoming Trump administration, regulatory and enforcement priorities will likely change, but if federal agencies scale back their consumer protection efforts, attorneys general can be expected to pick up the slack, says Joseph W. Jacquot of Foley & Lardner LLP.
A decade’s worth of multiple bar association initiatives, conferences, corporate law summits, detailed research reports and opinion pieces on the pay gap has seemingly fallen on the deaf ears of BigLaw. However, recent events presage substantial movement toward pay equity in law firms, say Stephanie Scharf of Scharf Banks Marmor LLC, Michele Coleman Mayes, general counsel for the New York Public Library, and Wendi Lazar of Outten & Golden LLP.
The media has been full of stories lately about the death of facts and the rise of “fake news.” It is reasonable to wonder if people sitting on juries will be able to function appropriately in this post-fact world, says Ross Laguzza of R&D Strategic Solutions LLC.