A former Istanbul police investigator told a Manhattan jury Monday that Mehmet Hakan Atilla, a Turkish banker facing charges of helping Iran evade U.S. sanctions, was being monitored about five years ago, but Atilla’s lawyers called his testimony irrelevant and asked for a mistrial.
Chinese developer Jubao Xie is reportedly looking to sell the world's tallest Holiday Inn which is located in New York, Marc Realty Capital is said to be close to paying $100 million for 488 condos in Chicago, and Lennar Homes has reportedly dropped more than $7.5 million on a Florida development site.
The U.S. Department of Justice on Friday urged a New York federal court to deny a bid by three London-based foreign exchange traders to escape charges that they conspired to rig foreign exchange benchmarks, arguing that the activity had a strong enough connection to the U.S. for the case to proceed.
Former Jefferies Group trader Jesse Litvak seemed to face an uphill battle against his lone securities fraud conviction in the Second Circuit on Monday, with two out of three judges suggesting Litvak's lie about the price of a mortgage-backed bond supported the charge.
A New York federal judge on Friday said that he will no longer allow the filing of consolidated complaints on behalf of multiple people bringing personal injury or wrongful death claims in the multidistrict litigation over General Motors LLC ignition switches that allegedly caused vehicles to abruptly lose power.
21st Century Oncology on Monday got a New York bankruptcy court’s approval for two settlements totaling $28 million over U.S. government claims of Medicare overcharges and patient privacy breaches.
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The owners of Argentinian sports marketing company Full Play Group SA used an offshore company to make payments that wound up going to former CONMEBOL president Juan Angel Napout, the government sought to show the jury Friday, connecting the offshore company's expenses since 2010 to roughly corresponding payment orders to Napout and his frequent trips to Buenos Aires.
An Albany County Supreme Court justice slapped a New York transportation company’s owner with two to six years in prison for submitting over $50,000 worth of false Medicaid claims for transportation that never occurred, according to an announcement Friday from the state attorney general’s office.
A New York appeals court upheld a lower court decision Thursday that semi-nude dancing at the Hustler Club in Manhattan was not the type of performance that would exempt it from $2.1 million of sales tax.
A onetime colleague of former Katten Muchin corporate attorney and fraud defendant Evan Greebel who was retained to handle a U.S. Securities and Exchange Commission investigation into one of Martin Shkreli’s hedge funds told a Brooklyn federal jury on Friday that he never saw Greebel do anything illegal.
Following his approval of the banks’ combined $148 million settlement, a New York federal judge on Thursday granted $34.88 million in attorneys’ fees to counsel for two investor classes alleging JPMorgan and Deutsche Bank rigged the London Interbank Offered Rate.
Pharmaceutical company Patheon Inc. has urged a New York federal judge to deny softgel maker Procaps SA’s request to vacate part of an arbitration award finding it can't recover $135 million in lost profits damages for a nixed product development agreement, telling the court the agreement doesn’t allow for such damages.
Prosecutors seeking to convict two former Deutsche Bank traders on Libor rigging charges told a New York federal court Thursday that the case doesn't rely on proving the pair meant to deceive the U.K. banking organization that actually set the global lending benchmark.
The ringleader of a fraudulent car insurance scheme has been convicted of grand larceny, insurance fraud and other crimes in New York state court for creating fake companies in an effort to get discounted insurance policies, New York Attorney General Eric T. Schneiderman said Thursday.
A former Obama administration official responsible for financial security told a Manhattan jury Friday that Mehmet Hakan Atilla, a Turkish banker facing charges of helping Iran evade U.S. sanctions, attended many meetings where growing concerns in Washington over his bank's work with Tehran were aired.
LeBron James has reportedly dropped $23 million on a second home in West Los Angeles, a pair of contiguous lots in Florida have reportedly sold for a combined nearly $30 million, and Hubb NYC is said to have picked up multiple retail condos in New York from a venture that includes private equity shop Carlyle Group for nearly $24 million.
A group of Hearst Corp. interns can’t revive their proposed class action seeking minimum wages because they don’t qualify as employees under the Fair Labor Standards Act, the Second Circuit ruled Friday.
Nearly 60 elected municipal officials from coast to coast, including the mayors of New York City, Los Angeles, Chicago and Boston, asked the Federal Communications Commission in a Thursday letter to preserve its Obama-era net neutrality rules.
Last week, a D.C. federal judge halted much of President Donald Trump’s controversial ban on transgender military service, which he first announced via Twitter. The use of the president’s own (albeit, unofficial) statements against him marks an emerging theme in litigation challenging the president’s agenda, says Bryan Jacoutot of Taylor English.
California Gov. Jerry Brown recently signed the Cleaning Product Right to Know Act of 2017 into law. It will require online ingredient listing and on-package disclosure of ingredients by manufacturers of cleaning products. This new law is just one of the latest actions taken by a state to somehow regulate the use of chemicals, says Judah Prero of Sidley Austin LLP.
When considering a lease, tenants should closely examine whether the property is in transition, under construction or being repurposed, in order to address concerns regarding anomalous real estate tax escalations, says Dena Cohen of Herrick Feinstein LLP.
As law firms begin preparing for their annual budget review, Steve Falkin and Lee Garbowitz of HBR Consulting discuss why firm leaders should give their internal information technology and procurement teams a seat at the table.
Recent gig economy cases in New York and California are either pending or were settled before the court could issue a determinative judgment as to the proper classification of workers. But the facts of the cases and the settlement details provide valuable insight into the potential risks and exposure for gig economy companies, say attorneys with Pepper Hamilton LLP.
The Second Circuit recently became the first court of appeals to address the "domestic injury" requirement for a private claim under the Racketeer Influenced and Corrupt Organizations Act. The Bascuñán v. Elsaca analysis appears to depart from RJR Nabisco in ways that other courts may ultimately confront, says Robert Reznick of Orrick Herrington & Sutcliffe LLP.
You may be surprised to learn that the New York State Department of Financial Services asserts that financial institutions are prohibited from disclosing confidential supervisory information, such as examination reports, to their outside counsel absent prior authorization. You may be even more surprised to learn that the source of DFS’ proclaimed authority does not appear to support the agency's contention, say Pinchus Raice and Du... (continued)
Artificial intelligence needs to be legally defensible in order to be useful to law firms. There are requirements for making this happen, says Mark Williamson, co-founder and chief technology officer of Hanzo Archives Ltd.
The long litigation life cycle for large, complex civil lawsuits provides ample time for clients and counsel to form strong opinions — often negative when based on adversarial exchanges — about the opposing trial team, their witnesses and their experts. Martha Luring of Salmons Consulting shares some common perceptions not always shared by jurors.
There are only a few situations in which a New York plaintiff can avail itself of the discovery rule to delay the accrual of a cause of action. However, New York does offer parties a way to avail themselves of discovery-rule-like protections — the doctrine of equitable estoppel, say David Newman and Matthew Lippert of Sills Cummis & Gross PC.