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New York

  • September 17, 2018

    Ex-Camelot Exec Must Pay $18.6M For Stealing From Fund

    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.

  • September 17, 2018

    BuzzFeed Latest To Face Patent Suit By Cloud Company

    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.

  • September 17, 2018

    Exelon Says 7th Circ. Ruling Dooms NY Nuke Subsidy Fight

    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.

  • September 17, 2018

    Cousteau Society Sues Explorer’s Granddaughter Over TM

    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.

  • September 14, 2018

    What Attys Can Learn From Sotomayor's Chat With Kids

    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.

  • September 14, 2018

    AG Hopeful James Breaks The Mold With Historic Primary Win

    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.

  • September 14, 2018

    NY Fed Faker Gets 2 Years For $50M Investor Fraud

    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.

  • September 14, 2018

    14 Firms To Steer 8 IPOs Topping $3B As Busy Autumn Nears

    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.

  • September 14, 2018

    NY Bank Regulator Sues OCC Again Over Fintech Charter

    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.

  • September 14, 2018

    Och-Ziff Investors Win Cert. In Suit Over FCPA Probe

    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.

  • September 14, 2018

    Trustee Of Modi's Jewelry Cos. Starting Ch. 11 Claims Probe

    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.

  • September 14, 2018

    Sports Businessmen Must Honor $26M Debt Guarantee: Judge

    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.”

  • September 14, 2018

    Dechert Client Sues Over $2.9M Settlement Eaten Up By Fees

    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.

  • September 14, 2018

    Day Pitney Guides MassMutual On $110M Queens Loan

    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.

  • September 14, 2018

    Census Citizenship Fight Likely Headed For NY Trial

    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.

  • September 14, 2018

    Pulling Up Stakes: King & Spalding, K&L Gates, Vinson

    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.

  • September 14, 2018

    Actresses Get 'Road Map' To File New Weinstein Class Suit

    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.

  • September 14, 2018

    Power Bar Maker To Settle Protein Shake Suit For $9M

    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.

  • September 14, 2018

    Attys In FLSA Suit Making Discovery 'Impossible,' Judge Says

    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.

  • September 14, 2018

    Real Estate Rumors: Baum, Lutheran Social Services, Related

    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.

Expert Analysis

  • Series

    Judging A Book: Lipez Reviews 'Last Great Colonial Lawyer'

    Judge Kermit Lipez

    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.

  • How 2 Cases Have Settled NY Insurance Allocation Law

    Cort Malone

    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.

  • Rebuttal

    Judges Can Demand Diversity In Rule 23(g) Applications

    Kellie Lerner

    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.

  • Interview Essentials For Attorneys On The Move

    Eileen Decker

    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 Could Face Pressure Over Board Composition

    Arthur Kohn

    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.

  • Roundup

    Clerking For Ginsburg

    Clerking For Ginsburg

    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.

  • Opinion

    A Right To Carry Everywhere, On A Road To Nowhere

    Robert W. Ludwig

    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.

  • States Sue Over Deduction Cap, But Midterms Are Coming

    Matthew Lee

    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.

  • 2nd Circ. Adds To Authority On Securities Law Preclusion

    Anthony Antonelli

    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.

  • Series

    Clerking For Ginsburg: 3 Surprises

    David Post

    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.