Federal law enforcement in New York on Tuesday arrested two men alleged to have defrauded a public utility and its customers out of more than $3.8 million by exploiting their connections and issuing fraudulent checks, according to the U.S. Attorney’s Office for the Southern District of New York.
Hedge fund Standard General LP urged a New York federal court on Monday to declare that Travelers Indemnity Co. must pay its defense costs for a defamation lawsuit by American Apparel’s founder that was recently defeated in a California appeals court.
The U.S. Securities and Exchange Commission’s civil case against two former traders alleging they lied to customers about prices for mortgage-backed securities is the second such case the agency has brought in two weeks, a sign it is forging ahead on bond cases while federal prosecutors hesitate in the wake of a significant criminal trial loss.
Groups of SunEdison Inc. creditors said Tuesday they have overcome an impasse on issues that threatened to derail the bankrupt green energy giant’s path out of Chapter 11, telling a New York bankruptcy judge that mediation talks have successfully led to settlement terms.
A New York federal judge on Tuesday extended a freeze on the assets of a Virginia-based landscaper accused of insider trading related to Intel Corp.'s $15.3 billion acquisition of Israeli tech company Mobileye NV and ordered his counsel to investigate his client's cash business transactions.
Puff Daddy’s Bad Boy Records was hit with a copyright lawsuit in Manhattan federal court Monday for posting an image of the hip-hop star on his own Instagram account.
A family that the U.S. government says benefited from money stolen from a Malaysian sovereign investment fund asked a Los Angeles federal judge on Monday to dismiss the government’s efforts to seize New York real estate, a jet and music publishing rights, saying there’s no link to California in those cases.
A New York appeals court ruled Tuesday that bond insurer Ambac Assurance Corp. cannot use state insurance law to get out of proving loss causation in its suit alleging Countrywide Financial Corp. fraudulently induced it into issuing unconditional and irrevocable insurance policies on mortgage-backed securities.
Lawyers representing a proposed class of BMW drivers asked a New York federal judge Monday to approve $1.8 million in attorneys’ fees and expenses after they resolved two lawsuits over an alleged sunroof design defect that damaged electrical components in certain vehicles’ trunks.
A lawyer-turned stock trader encountered a skeptical Second Circuit Tuesday in his quest for a new insider-trading trial in the wake of U.S. v. Newman, with one judge remarking on the "improbability" of a scenario in which the convicted defendant did not know a stream of tips was flowing in exchange for material benefit.
A New York judge has refused to toss a claim by former No. 1-ranked professional golfer Vijay Singh that PGA Tour Inc. acted unreasonably when, without further consulting the World Anti-Doping Agency, the tour suspended him for using a purportedly illicit deer antler spray.
An Uber passenger at the center of a proposed antitrust class action told the Second Circuit on Monday that a recent California ruling supports his claims that arbitration is inappropriate since Uber users may have been unable to see the service’s terms and conditions when creating accounts.
A former Faruqi & Faruqi LLP partner told the Second Circuit on Monday that a New York district court did not fairly evaluate her claims before tossing her lawsuit seeking a cut of $4 million the firm had earned from litigating a settlement for clients she’d brought in, even though she'd left by then.
Chinese real estate developer Ng Lap Seng asked a Manhattan federal judge on Monday to tell a jury in an upcoming trial the government must prove he bribed U.N. diplomats in exchange for “official acts” as defined in the U.S. Supreme Court’s McDonnell ruling.
Nationwide Mutual Insurance Co. sued a hoverboard importer and sellers on Tuesday in New York federal court on behalf of a policyholder whose home caught fire after she brought home the toy.
A New York judge on Tuesday set a fall trial date for an investment fund’s suit against the Royal Bank of Scotland PLC over its role in the £235 million sale of soccer team Liverpool FC to the owners of the Boston Red Sox, after the case was revived on appeal in April.
A New York federal court said Monday that it will not disturb its decision allowing Rovi Corp. to pursue patent litigation against Comcast before the International Trade Commission in a dispute over patents for on-screen TV programming guides.
A New Jersey-based settlement advance firm challenged the constitutionality of the Consumer Financial Protection Bureau on Monday in an attempt to dismiss allegations that it scammed 9/11 first responders and NFL retirees with high-cost loans.
In finding that an attempt to collect on obviously time-barred debt in bankruptcy is not grounds for punishment under consumer protection laws, the U.S. Supreme Court has cleared up confusion around filing proofs of claim in Chapter 13 that have plagued the credit and collection industry, experts say.
MetLife opposed class certification Monday in a suit claiming it misled investors by underreporting life insurance death benefit liabilities in violation of the Securities Act, arguing the proposed class leader is unsuitable and the class too broadly defined.
Two recent opinions out of Pennsylvania and California state courts offer important lessons for avoiding claims of privilege waiver when using public relations consultants during litigation, say attorneys with Pepper Hamilton LLP.
Uber Technologies may have reached the end of its worldwide efforts to dominate transportation markets with its popular ride-hailing app. Although Uber has met opposition in the past in both the marketplace and in court, particularly in California, new developments in China and in New York City may be bringing Uber’s nearly unstoppable advance to a halt, says Thomas Dickerson of Herzfeld & Rubin PC.
If independent compliance monitorships are to remain an important part of how the U.S. government resolves corporate investigations, it is imperative that courts eliminate recent uncertainty and protect monitor reports from public disclosure, says John Wood, a partner at Hughes Hubbard & Reed LLP and former U.S. attorney for the Western District of Missouri.
Effective visuals require effective design. In her new book, "Images with Impact: Design and Use of Winning Trial Visuals," published by the American Bar Association, trial lawyer and Jones Day partner Kerri Ruttenberg discusses how to design and use visuals to help viewers understand, believe and remember the messages being conveyed.
General counsel at four law firms share the biggest issues they face in an increasingly complex legal environment.
There is no question that America’s sharing economy is growing and showing no signs of slowing down. However, if the Trump administration continues its hands-off approach to worker misclassification issues, and court decisions create as much confusion as clarity, we may be forced to look to state legislatures to take control, says Amy Strauss of Fisher Phillips.
A 1979 study of attorney-client interactions revealed startling information: Despite years of education and training to hone their legal expertise, attorneys were not acting as independent counselors but rather allowing their clients to control them. Our experience is that this trend has accelerated, say dispute resolution experts Robert Creo and Selina Shultz.
The threat that abortion will become illegal again by overturning Roe v. Wade has been a blockbuster campaign slogan in presidential elections for the last 40 years. Like most campaign rhetoric, this threat is not based in reality, says Donald Scarinci, managing partner of Scarinci Hollenbeck LLC.
Theoretically, both better data and its better use should be able to improve results in litigation, and thus help litigation financiers allocate more capital to meritorious matters. However, while big data and artificial intelligence are intriguing additions to the litigation toolkit, they are far from turning litigation finance on its head, says Christopher Bogart, CEO of Burford Capital LLC.
It's no longer enough for law firms simply to provide expert legal advice — we are expected to mirror clients' legal, ethics and social commitments and promises. For law firm GCs, the resulting job demands seem to grow exponentially, says Peter Engstrom, general counsel of Baker McKenzie.