A New York federal judge has fined the former manager of private equity fund Camelot Acquisitions Secondary Opportunities almost $9.3 million and ordered him to disgorge the same amount, using the dollar figure he pled guilty to stealing from the fund in a state criminal case years ago, according to a Friday filing.
BuzzFeed Inc. has become the latest high-profile website to face an infringement suit over cloud storage patents from PersonalWeb Technologies LLC, a software developer that has filed dozens of similar suits against customers using Amazon's web services offerings.
The Seventh Circuit's recent ruling that subsidies offered by Illinois to prop up struggling nuclear power plants are lawful backs the argument that New York's similar nuclear subsidy program passes legal muster, a lawyer for Exelon Corp. told the Second Circuit on Friday.
The Cousteau Society filed a suit in a New York federal court Friday accusing Jacques Cousteau’s granddaughter of using his name and signature red cap to promote her television program, in the latest battle over the pioneering undersea explorer’s legacy.
U.S. Supreme Court Justice Sonia Sotomayor stopped in Brooklyn on Friday to discuss her life story with children as part of her second book tour since taking her place on the nation’s highest court, giving them words of wisdom about the law and her time on the bench that attorneys might want to keep in mind as well.
New York City Public Advocate Letitia James made history Thursday night when she became the first black woman to win a statewide primary election in New York, positioning her to be the state's next attorney general in a time of social and political upheaval.
A Manhattan federal judge on Friday sentenced a New Mexico woman to two years in prison for her role in what prosecutors say was a $50 million investment fraud tied to false claims that an urban revitalization project was backed by the Federal Reserve Bank of New York.
Fourteen law firms plan to guide eight initial public offerings that could raise more than $3 billion during the week of Sept. 17, led by an estimated $1.4 billion offering by Eli Lilly's animal health unit, as IPO activity accelerates ahead of an expected busy autumn.
New York’s state bank regulator moved Friday to block the Office of the Comptroller of the Currency from making good on plans to offer special-purpose national bank charters to financial technology companies, filing a suit in Manhattan federal court that seeks to have the agency’s recent so-called fintech charter decision invalidated.
A New York federal judge granted certification to a class of investors who allege Och-Ziff Capital Management Group LLC misled them about a Foreign Corrupt Practices Act investigation into the hedge fund's multimillion-dollar transactions in Africa.
The recently appointed Chapter 11 trustee of three bankrupt U.S. jewelry companies linked to Indian billionaire Nirav Modi’s massive $2 billion bank fraud has asked for authorization to begin sending out subpoenas while he investigates further.
A Manhattan federal judge ruled Thursday that a pair of sports management businessmen were on the hook for some $26 million after their companies defaulted on a high-interest loan, saying their requests for more discovery seemed like “a cynical effort to buy time.”
A New York woman has sued Dechert LLP in state court, alleging that the firm failed to advise her that if she took a $2.9 million settlement in a suit accusing an upstate municipality of discrimination against her Hasidic community, she would not receive any money because it would be eaten up by legal bills.
Day Pitney LLP represented Massachusetts Mutual Life Insurance Co. in connection with its $110 million loan to Brause Realty Inc. for an apartment building in Long Island City, Queens, according to records made public in New York on Friday.
Manhattan U.S. District Judge Jesse M. Furman told the Trump administration Friday he is likely to order a trial to determine if Commerce Secretary Wilbur Ross was motivated by legitimate policy reasons, or by discrimination, when he added a question about citizenship status to the 2020 census.
In our latest roundup of deal-makers on the move, King & Spalding LLP adds a pair of corporate finance partners, K&L Gates LLP snags a private equity and corporate partner from Reed Smith LLP and Vinson & Elkins LLP picks up an international capital markets and leveraged financing specialist in London.
Counsel for the actresses accusing Harvey Weinstein of sexual assault in a putative class action say a New York federal judge gave them a “road map” to a stronger case when he dismissed their claims this week.
The maker of Power Bar and other health and workout foods has agreed to a $9 million settlement to end a proposed class action in New York federal court accusing the company of misleading customers about the protein content of its ready-to-drink shakes.
A New York federal magistrate judge had harsh words for attorneys on both sides of a proposed Fair Labor Standards Act class action Friday, granting sanctions against the employer but saying both sides had repeatedly ignored the court’s warnings to behave professionally and had made it “impossible” for discovery to proceed normally.
Baum Development is reportedly seeking $75 million for a Chicago office property, Lutheran Social Services of New York is said to have leased 11,366 square feet in New York, and a Related Group venture has reportedly sold 11,000 square feet of retail space in Miami for $13.8 million.
In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.
The past two years have seen insurance coverage lawyers coming to terms with the impact of two landscape-changing decisions from New York's highest court, Viking Pump and Keyspan. Together, these cases make clear that under New York law, the allocation approach that will apply to long tail claims is governed by the presence of certain policy language, say Cort Malone and Vivian Michael of Anderson Kill PC.
A recent Law360 guest op-ed criticized the judge in the Chicago Board Options Exchange antitrust litigation for requesting more diversity in plaintiffs’ lead counsel applications. The author’s argument misinterprets the Federal Rules of Civil Procedure and reinforces archaic misconceptions about women and minorities in the courtroom, say Kellie Lerner and Chelsea Walcker of Robins Kaplan LLP.
Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.
Companies should expect that the New York City Comptroller's Office, State Street Global Advisors and others will continue to seek dialogue, engagement and disclosure on diversity and other important social issues. Based on 2018 proxy season results, investors' votes may increasingly become a referendum on social concerns, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.
On July 24, a Ninth Circuit panel applied textualist reasoning in Young v. Hawaii to secure a right for individuals to carry firearms in public. To end the gun epidemic — demonstrated in Chicago recently with 74 people shot in one weekend — it’s past time to turn a spotlight on the root cause: legal carelessness and oversights of text, says Robert W. Ludwig of the American Enlightenment Project.
Four states are suing the federal government, alleging that the new federal cap on deductions of state and local income taxes is an unconstitutional interference with state sovereignty. Whether the suit proceeds through the federal courts will likely depend as much on the outcome of the midterm elections as on the merit of the claims, says Matthew Lee at Fox Rothschild LLP.
With its recent decision in Rayner v. E-Trade Financial — which unanimously affirmed the dismissal of a putative class action asserting state law best execution violations — the Second Circuit made a significant contribution to a collection of circuit court opinions on the Securities Litigation Uniform Standards Act, say attorneys with Paul Hastings LLP.
It had never occurred to me that judges don’t always love the way their appellate cousins review their work and tell them — in public — all the things they got wrong. I was frequently struck by Justice Ruth Bader Ginsburg’s acute awareness of the delicacy of this relationship, says attorney David Post.