The Second Circuit on Tuesday denied for a second time a motion for bail by a liquor wholesaler and former restaurateur charged in an alleged $12 million Ponzi scheme hours after it heard arguments that the government moved the goal posts by ditching its original argument against bail only to come up with a new theory.
An ex-New York City councilman’s request for the country’s top court to reconsider his bribery convictions over his role in two corruption schemes was among hundreds rejected by the justices on Monday.
Samsung Electronics America Inc. and a party suing it have both formally opposed consolidating four proposed class actions in New York and California into multidistrict litigation alleging that Samsung has ignored overheating dangers in models other than the Galaxy Note 7, which was recalled after dozens burst into flames.
Former Turing Pharmaceuticals Inc. CEO Martin Shkreli and his former Katten Muchin Rosenman LLP attorney have filed motions to sever their criminal securities fraud cases, saying their defenses will be at odds as Shkreli claims he relied on counsel while the attorney says he was kept in the dark.
Victims of Iran-linked terror attacks have asked the U.S. Supreme Court to keep alive their efforts to treat Manhattan office tower owners as a stand-in for Iran, saying the owners' request for a hearing before the high court is based on false claims of a circuit split.
The U.S. Supreme Court Tuesday declined to hear an appeal of a decision upholding a National Labor Relations Board's ruling that a union representing New York Times and New York Post employees engaged in unfair labor practices by not telling nonunion members they didn't need to pay full dues and engaging in hiring based on union membership.
Cole Schotz PC has formally launched a restaurant and hospitality group, bringing together attorneys from its corporate, real estate, tax, employment and intellectual property practices to advise national and international clients, the firm announced Tuesday.
The U.S. Supreme Court breathed new life into a False Claims Act case against Wells Fargo & Co. on Tuesday, telling the Second Circuit to take a look at former employees’ claims that the bank defrauded the federal government under the standard set in the so-called Escobar case last summer.
Norton Rose Fulbright and New York-based Chadbourne & Parke LLP will merge in the second quarter of this year, the firms announced Tuesday.
Former New Jersey transportation executive and lobbyist Jamie Fox, who carved himself a niche in the Garden State’s gritty political scene as both a public servant and private consultant before being charged in an alleged airline bribery scheme, died Monday at age 62.
A defense attorney for ex-Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders on Friday questioned the firm's former overseas finance director’s assertion that certain accounting maneuvers Sanders had pursued were improper, showing a New York jury evidence that outside auditors had reviewed the transactions.
A jury should decide whether the majority owner of a tower in Manhattan knew its business partner was controlled by the Iranian government after 1995, a New York federal judge ruled Thursday, punting one of the issues that will decide whether the owner must compensate terrorism victims.
A potential class of dentists on Friday shot back against arguments from a dental supplies company that it was too small to join three large suppliers in a nationwide price-fixing conspiracy, arguing in New York federal court that the allegations against the smaller company are the “core of the overarching conspiracy.”
Global law firm White & Case LLP has hired as partner a trial lawyer from Troutman Sanders LLP who specializes in representing public and private equity firms in complex commercial litigation and intellectual property disputes, according to White & Case.
A former investment banker for JPMorgan Chase & Co. and Perella Weinberg Partners convicted of insider trading after he was accused of leaking confidential information about health care company mergers to his father was sentenced to three years in prison on Friday.
Citizens Bank has reportedly loaned $65 million for a mall project near Des Moines, Iowa; Peloton Land Solutions is said to have leased 11,000 square feet in Fort Worth, Texas; and Yo-Yo Ma's agent Opus 3 Artists has reportedly extended its lease on Park Avenue in New York.
A Spanish liquefied natural gas company pushed a New York federal court Friday to scrap an arbitration ruling absolving its Trinidadian supplier of breaching a 20-year contract, arguing the international tribunal imposed an unfair burden of proof upon it during the proceedings.
Celebrity lawyer Mark Geragos parachuted into Manhattan federal court Friday to defend former New York pension strategist Navnoor Kang against charges that he took bribes to steer $2 billion of investment dollars toward a former Sterne Agee managing director, as U.S. District Judge J. Paul Oetken set a December trial date.
Scandal-plagued private equity CEO Benjamin Wey asked a New York federal judge Friday to suppress the fruits of two search warrants in a securities fraud and money laundering case, saying the warrants were defective and after the government seized more than it should have, it impermissibly searched electronic data years later.
A New York bankruptcy judge on Thursday told an Austrian company it can’t use jurisdictional arguments to escape a lawsuit trying to recover transfers to hundreds of General Motors’ former bank lenders related to a $1.5 billion term loan.
Recently, the families of victims killed by violent criminals have filed several lawsuits against internet powerhouses like Google, Twitter and Facebook, alleging that the platforms should be held responsible. These claims will probably be rejected due to federal statutory immunity, the First Amendment and common law requirements for establishing tort liability, say Seth Berlin and Steven Zansberg of Levine Sullivan Koch & Shulz LLP.
Absent legislative action, some uncertainty remains post-Marblegate for issuers of registered debt as bondholders seeking to block an out-of-court restructuring may, in certain cases, continue to push for a broader reading of the Trust Indenture Act in jurisdictions outside of the Second Circuit, say Evan Hollander and Monica Perrigino of Orrick Herrington & Sutcliffe LLP.
Many jurisdictions have adopted the "all sums" methodology for long-tail insurance claims, but there is no basis to abandon the availability rule. Failing to account for the availability of insurance would violate the doctrine of contra proferentem, says Jacob Mihm of Hoke LLC.
The Second Circuit's recent decision in TCA Television v. McCollum could signal a trend toward requiring the use of the copyrighted work itself — apart from the larger work into which it is incorporated — to be transformative, say Jordan Grotzinger and Rebekah Guyon of Greenberg Traurig LLP.
In this weekly column, real-life New York City jury consultant and psychologist Roy Futterman parses fact from fiction in "Bull," the new TV series airing on CBS about a fictional NYC jury consultant/psychologist. Spoiler alert ...
The 115th Congress began by introducing bills aimed at defunding sanctuary cities in both the Senate and House, efforts consistent with President Donald Trump’s recent executive order, which aims to cancel federal funding to sanctuary cities. However, such action is likely to lead to a showdown in Congress and in the federal courts over a variety of constitutional, federal and administrative legal issues, say attorneys at Holland & Knight LLP.
Campbell v. Chadbourne & Parke, the pay equity suit filed in the Southern District of New York late last year, is commonly discussed as a proposed $100 million class action. However, such suits have been based on statistical analyses that are fundamentally unsound for failure to examine data on everyone subject to the challenged processes, says attorney James Scanlan.
In the second installment of this two-part series, attorneys with Arnold & Porter Kaye Scholer LLP discuss New York and Delaware decisions addressing the attorney-client privilege in M&A, the application of Corwin to private deals, appraisal valuation of private companies, and director-removal provisions.
In the bankruptcy case of Cornerstone Homes, a New York federal court recently held that transferring a note and mortgage in New York does not require delivery and indorsement. Nonetheless, ensuring that your lender client receives proper indorsement of an instrument remains the best method for guaranteeing its enforceability, say Allan Hill and Nickolas Karavolas of Phillips Lytle LLP.
2016 was a notable year for the Judicial Panel for Multidistrict Litigation: It created only 26 new MDL proceedings, a low-water mark for new MDL proceedings not seen in almost a quarter of a century. In this installment of his bimonthly series on the panel, Alan Rothman of Arnold & Porter Kaye Scholer LLP looks at the panel’s activity over the past year.