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New York

  • December 10, 2018

    SEC Slams Man’s 'Unfocused' Bid To Nix $11.5M Fraud Suit

    The U.S. Securities and Exchange Commission asked a New York federal judge on Friday to reject a Bronxville businessman’s dismissal bid that levies a “series of unfocused attacks” on the agency’s civil suit alleging that he manipulated a microcap company’s stock in an $11.5 million fraud scheme.

  • December 10, 2018

    NY Investment Adviser Cops To 18-Year, $9M Ponzi Scheme

    A longtime retail investment adviser pled guilty in New York federal court on Monday to mail and wire fraud over an 18-year-long Ponzi scheme in which he solicited more than $13 million from elderly investors who ultimately sustained roughly $9 million in losses.

  • December 10, 2018

    Trump Campaign, WikiLeaks Seek To Kill DNC Hacking Suit

    The Trump campaign and WikiLeaks asked a New York federal court to toss the Democratic National Committee’s suit over a pre-election email hack, saying Friday that the suit runs counter to the First Amendment and doesn’t sufficiently allege they violated privacy and intellectual property laws.

  • December 10, 2018

    Bankrupt Helicopter Co. Nabs $49M DIP, $650M Stalking Horse

    An Irish helicopter leasing company told a New York bankruptcy court Monday it has secured $49 million in debtor-in-possession financing and a $650 million stalking horse bid for its fleet from another helicopter leasing company.

  • December 10, 2018

    Long Island Mortgage Co. Exec Gets 2 Years For $9M Fraud

    A former executive of Long Island mortgage lender Vanguard Funding LLC was sentenced to two years after pleading guilty to lying to banks in order to obtain $8.9 million in short-term loans, the U.S. Department of Justice said on Monday.

  • December 10, 2018

    FDA Hit With Suit Over Reporting Leeway For Clinical Trials

    A New York University faculty member and a former U.S. Food and Drug Administration official have hit the agency with a suit challenging a rule they said relaxed the reporting requirements for researchers doing certain clinical trials.

  • December 10, 2018

    Jay-Z Claims Movement In Arbitrator Diversity Request

    Music mogul Jay-Z told a New York state court Monday that the American Arbitration Association has agreed to work with him to ensure more African-American arbitrators would be available in the pool of potential people to hear his intellectual property dispute with Iconix Brand Group Inc.

  • December 10, 2018

    Ebony Sues Univision Over 'FU, Pay Your Writers!' Column

    Ebony magazine ratcheted up a war of words with online competitor The Root, accusing the Univision-owned rival of spreading false rumors and stepping on Ebony’s trademarks in a story that said the magazine didn’t pay its freelancers, according to a suit in New York federal court.

  • December 10, 2018

    Lexington Leads $1B In Commitments For TPG Vintage Funds

    Alternative investment manager Lexington Partners on Monday said it closed a so-called secondary liquidity transaction that saw it helm a roughly $1 billion capital commitment in a pair of TPG Asia vintage funds as the lead investor on the deal.

  • December 10, 2018

    Real Estate Rumors: BankUnited, Oppenheimer, Landmark

    BankUnited has reportedly loaned $26.5 million for the purchase of a Florida building, Oppenheimer & Co. is said to be taking 13,055 square feet on Third Avenue in Manhattan, and Landmark Development has reportedly paid $30 million for a Florida development site where it may build residential, retail and office space.

  • December 10, 2018

    Greece Fights Enforcement Of €47.9M Contract Award

    Greece urged a New York federal court Monday to reject Leidos’ efforts to start pinning down the country's U.S. assets to enforce an award now worth €47.9 million stemming from the 2004 Olympics, saying the American security contractor’s arbitral award is tainted by a bribery and public corruption scandal and could be nixed.

  • December 10, 2018

    NYC Real Estate Week In Review

    Sidley Austin LLP, Day Pitney LLP, Goodwin Procter LLP and Arnold & Porter were among more than a dozen law firms that assisted with the largest New York City deals for which deeds became public during the week of Dec. 3, a busy period that saw 12 transactions above $20 million.

  • December 10, 2018

    Investment Co. Sues Schnader Harrison Over $10M Deal Flub

    A Schnader Harrison Segal & Lewis LLP attorney allowed a Canadian investment firm to become “ensnared in a toxic relationship” with an electric vehicle company by allowing the investment firm's stock value to be undercut and costing the firm $10 million, according to a malpractice suit filed Friday in New York federal court.

  • December 10, 2018

    Move Montgomery McCracken Malpractice Row To NY: Judge

    A Pennsylvania federal magistrate judge recommended on Monday that a proposed class action accusing Montgomery McCracken Walker & Rhoads LLP of botching toxic tort claims against Tronox Inc. be moved to the same New York court where the alleged $620 million malpractice took place as part of a bankruptcy proceeding.

  • December 10, 2018

    Ex-ConvergEx Exec Gets 1 Day In Prison

    A former ConvergEx Group LLC executive who fought fraud charges related to hidden profits in client trades was sentenced in New Jersey federal court to one day in prison Monday, ending the case that almost saw a ruling on whether the company's counsel was a part of the prosecution team.

  • December 10, 2018

    Ashland Hits Valvoline With $5.6M Pension Liability Suit

    Ashland Global Holdings Inc. has accused its former unit Valvoline Inc. in a New York state court lawsuit of refusing to cough up around $5.6 million it allegedly owes as part of a deal regarding pension liabilities for certain Virginia chemical plant workers.

  • December 7, 2018

    Feds Retract Bid For Harsher Sentence On Turkish Banker

    U.S. prosecutors told a federal appeals court Thursday that they were withdrawing their request for a longer sentence for Mehmet Hakan Atilla, the Turkish banker sentenced to 32 months in prison despite prosecutors' request that he serve 15 years for helping skirt sanctions against Iran.

  • December 7, 2018

    Investor Seeks Records In Case Against Chinese Music Giant

    An early investor in Chinese music streaming service Tencent Music who claims he was cheated out of an equity stake in the company has asked a New York federal judge to allow him to collect evidence from several U.S. banks for a pending arbitration in China.

  • December 7, 2018

    Aegean Marine Announces Tentative Creditor Settlement

    Counsel for Greek marine refueling company Aegean Marine Petroleum Network Inc. told a New York bankruptcy court on Friday that the debtor had reached a tentative global settlement with its unsecured creditors, putting off what was expected to be a contentious hearing on several objections lodged by those creditors.

  • December 7, 2018

    2nd Circ. Asked To Hear Appeal Of $300M Fees In Forex Deal

    The Second Circuit has been asked to hear an appeal of a New York federal court ruling awarding more than $300 million in attorneys' fees to the firms representing an investor class in securing $2.3 billion in settlements over claims 15 banks plotted to rig benchmark exchange rates in the foreign exchange markets.

Expert Analysis

  • NCAA Corruption And The 'Right To Control' Theory

    Kan Nawaday

    The convictions in U.S. v. Gatto for defrauding NCAA schools have shined a spotlight on the relatively obscure — but powerful — “right to control” theory of federal wire and mail fraud liability, which formed the basis for the New York federal prosecutors' case, say Kan Nawaday and Stephen Salsbury of Venable LLP.

  • Q&A

    A Chat With Bryan Cave Innovation Chief Katie DeBord

    Katie DeBord

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • Energy, Environment And The Elections: A Changed Mosaic

    Ali Zaidi

    Last week's midterm elections changed the regulatory landscape for energy and the environment in three subtle yet significant ways, say attorneys with Kirkland & Ellis LLP.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • Lessons From FERC Staff Reversal In Footprint Power

    Todd Mullins

    The Federal Energy Regulatory Commission's enforcement staff recently recommended that FERC drop a case against Footprint Power LLC. This may be an effort to address criticism that the enforcement process has become a guaranteed win for the commission, say Todd Mullins and Christopher McEachran of McGuireWoods LLP.

  • State Net

    How The States Fared In The Midterms

    Lou Cannon

    Lou Cannon, editorial adviser and columnist at LexisNexis State Net Capitol Journal, dissects the results of the governor’s races and state legislative chambers in the 2018 midterm elections.

  • Guest Feature

    The Many Lives Of Michael Chertoff

    Randy Maniloff

    Randy Maniloff begins his interview with the nation’s second secretary of homeland security by saying he wants to go over his resume. The look on Michael Chertoff's face: “Bring it on.”

  • Top 10 Snap Observations From The 2018 Midterm Elections

    Frank Donatelli

    The just-completed midterm elections could be called the “cafeteria midterms,” because there was something for everyone. The results offered both encouragement and warnings for Democrats and Republicans looking to 2020, says Frank Donatelli of McGuireWoods Consulting LLC.

  • Pharmaceutical Warnings: A Changing Landscape

    Chris Essig

    Pharmaceutical warnings and the way they are regulated and litigated are evolving. Brand-name manufacturers face failure-to-warn suits for generic versions of their products, while generic companies may soon have to update warnings on drugs for which there are no longer brand-name versions, say Chris Essig and Schuyler Ferguson of Winston & Strawn LLP.