Former Barclays PLC director Steven McClatchey, who gave his plumber inside information in exchange for cash, was barred by the U.S. Securities and Exchange Commission from associating with securities professionals and from penny stock offerings, the agency announced Tuesday.
New York-based real estate developer Edward J. Minskoff Equities Inc. has landed $60 million in financing for a planned residential project in Manhattan's West Village neighborhood from Riemer & Braunstein LLP-led CIT Bank NA, according to property records made available Wednesday.
Experts in New York state civil procedure said Wednesday that a New York appellate court incorrectly dismissed a Saudi contractor’s $10 billion fraud suit against Barclays PLC by misinterpreting the state’s standards for when a case is filed too late.
Forkosh Development Group is said to be selling a New York rental building for $110 million, two members of Coastline Management Group have reportedly sold a Florida apartment complex for $13.5 million, and Est4te Four has reportedly bought a New York office condo from New York REIT for $135 million.
A New York federal judge on Wednesday sentenced a stock promoter and trader who took to the airwaves — and took a kickback — to tout ForceField Energy Inc. to 15 months in prison, saying that the trader, motivated by greed, fooled himself into believing there was nothing wrong with his conduct.
A former analyst at Deerfield Management Corp. who pled guilty to criminal charges relating to a scheme to trade on tips from an insider at the Centers for Medicare & Medicaid Services has agreed to help the U.S. Securities and Exchange Commission with its related investigation.
A man has sued the U.S. government in New York federal court for $2 million, alleging that medical professionals at a Syracuse Veterans Affairs facility failed to properly treat his burns, causing infections and necessitating additional treatment.
For the American Bar Association’s 2017 annual meeting this weekend — its first in New York City in almost a decade — the organization will for the first time ever open up its legal education programs to nonmembers, an initiative meant to give attendants a taste of some of the benefits that come with participation in the ABA, the organization’s president told Law360.
A New York federal judge certified a class of China North East Petroleum Holdings Ltd. investors and awarded them about $33 million in a default judgment Tuesday after the oil company failed to appear in court in more than a year and a half in a long-running securities fraud suit.
Toyota Motor Corp. closed a chapter Tuesday in the saga over claims it hid acceleration defects, when the government said in New York federal court that the monitoring period laid out in a $1.2 billion deferred prosecution agreement in 2014 had come to a close.
A New York federal judge on Monday took another stab at ending a monthslong spat over discovery as Exxon Mobil Corp. and Royal Dutch Shell PLC subsidiaries look to confirm a $1.8 billion arbitral award, giving Nigeria's state-owned oil company until Sept. 30 to finish turning over certain documents.
Unsecured creditors and the Pension Benefit Guaranty Corp. have both objected to Angelica Corp.’s proposed Chapter 11 plan, calling a release-of-liability clause in the medical laundry and linen management company’s plan far too broad to pass muster.
Chadbourne & Parke LLP urged a New York federal court Monday to order female attorneys in a $100 million gender discrimination suit to revise their recently amended complaint, which added Norton Rose Fulbright as a defendant, saying it contained additional elements that were "prohibited" by the court from being included.
Actor LeVar Burton, host of "Reading Rainbow," must turn over control of the website for the beloved children’s literacy show to the public broadcaster that claims he’s infringing copyrights by holding them, at least until a hearing in the dispute next month, according to a New York court order Tuesday that also keeps him from using the show's catchphrase.
A New York gentlemen’s club wants to take advantage of the state’s tax exemption for musical performance, urging the U.S. Supreme Court last week to rule that the state can’t judge what’s “sexual fantasy” and what’s dance.
A Manhattan federal judge on Tuesday refused to dismiss the U.S. Securities and Exchange Commission's fraud case against Ziv Orenstein, who along with two other suspects is accused of a massive hacking and stock fraud scheme that ensnared JPMorgan Chase & Co. and other financial institutions.
Federal prosecutors dropped their criminal securities fraud and money laundering case against private equity CEO Benjamin Wey on Tuesday, acknowledging the prosecution was doomed after all the evidence seized in searches of Wey’s home and office was suppressed.
A cancer center in California urged a New York bankruptcy court Monday to block 21st Century Oncology Holdings Inc.'s Chapter 11 litigation stay, arguing that the move would extend protection to an affiliate that isn’t a debtor in the case.
Construction of Delta Air Lines’ new terminal at LaGuardia Airport began Tuesday with the Port Authority of New York and New Jersey inking a long-term lease with the airline that advances a key component of the ongoing $4 billion redevelopment of the Queens airport.
Former Dewey & LeBoeuf LLP partners expressed support for a no-jail sentence for former Dewey Chief Financial Officer Joel Sanders in letters filed with a New York court Monday, saying Sanders' actions didn't cause the megafirm's collapse.
Health Republic's liquidator has stated that claimants will not be paid until Health Republic's disputed claims against and from the federal government are resolved. Policyholders and other creditors should not be told to wait through a claims adjudication process only to find that potentially barely any money may remain to pay even a small portion of approved claims, says James Veach of Mound Cotton Wollan & Greengrass LLP.
In the first installment of this three-part series, attorney Robert W. Ludwig takes a deep dive into the controversial history of Second Amendment jurisprudence.
In nearly all jurisdictions, expert discovery is recognized as an important and necessary part of any civil case. In contrast, New York state courts do not permit expert discovery as most civil litigators know it, even in complex cases that primarily hinge on expert testimony, say Mark Shifton and Milena Shtelmakher of Seiger Gfeller Laurie LLP.
The Second Circuit's Allen decision Wednesday tilts the scales toward subjects and targets in multinational investigations. U.S. prosecutors could be forced to get involved in international investigations earlier than they might like, say Gregory O’Connell and Peter Sluka of De Feis O’Connell & Rose PC.
In May, the Federal Energy Regulatory Commission held a conference focused on the interplay between state policy goals and the organized energy markets in the eastern U.S. The subsequent comments from more than 70 interested parties reflect a basic lack of consensus among industry participants on the best approach going forward, say attorneys with Bracewell LLP.
Considering the U.S. Supreme Court may soon determine whether Title VII prohibits sexual orientation discrimination, it's tempting to view the Second Circuit's recent decision to reconsider en banc Zarda v. Altitude Express as having little long-term consequence. But this question's history and the interests at stake caution against underestimating its importance, say Raymond Wendell and Katharine Fisher of Goldstein Borgen Dardarian & Ho.
As we all anxiously await a decision in the appeal from the Federal Communications Commission's “any reasonable method” ruling, several courts have found other ways to limit this particular species of Telephone Consumer Protection Act abuse. The most recent and notable is the Second Circuit's decision last month in Reyes v. Lincoln, say Michael Daly and Daniel Brewer of Drinker Biddle & Reath LLP.
In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?
Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.
With its recent decision in National Labor Relations Board v. Alternative Entertainment, the Sixth Circuit created an even three-to-three circuit split over the enforceability of class action waivers in employment arbitration agreements. Jeffrey Ranen and William Sung of Lewis Brisbois Bisgaard & Smith LLP examine the divide in the circuit courts up to this point, and predict how the U.S. Supreme Court will rule on this issue.