New York

  • February 14, 2017

    Truckers Fight To Keep NY Thruway Tolls Suit Alive

    The New York State Thruway Authority’s “13th-hour” attempt to dismiss a proposed class action claiming that the agency unconstitutionally used tolls paid by drivers to maintain upstate canals is both late and meritless, commercial truckers told a New York federal judge on Monday.

  • February 14, 2017

    SIFMA Backs Morgan Stanley In $111M RMBS Claims Appeal

    A securities industry trade group on Monday backed Morgan Stanley by urging the New York State Court of Appeals to reverse a ruling that revived breach-of-contract and negligence claims against the bank in a suit over nearly $111 million in losses suffered by investors in residential mortgage-backed securities.

  • February 14, 2017

    ADR Holders Want JPMorgan Fees Suit Kept Alive

    A proposed class of American depositary receipt holders urged a New York federal judge on Monday to keep alive claims that JPMorgan Chase Bank NA improperly charged extra foreign exchange transaction fees, saying the case is not time-barred.

  • February 14, 2017

    Eaton Aims to Drop $3B Shareholder Suit Over Spinoff

    Eaton Corp. PLC urged a New York federal court on Monday to toss allegations that it cost investors $3 billion in stock value because it couldn’t spin off its vehicle component business tax-free after a merger with Cooper Industries PLC, saying it can’t be sued over hypothetical consequences of a transaction that never happened.

  • February 14, 2017

    NJ Pushes Bill To Bar Port Authority From Aiding Travel Ban

    New Jersey state legislators moved ahead Monday with a bill that would bar the Port Authority of New York and New Jersey from using any of its resources to implement President Donald J. Trump's executive order that called for a travel ban from seven predominantly Muslim countries.

  • February 14, 2017

    Levy Holm Steers $56M Brooklyn Multifamily Buy

    Levy Holm Pellegrino & Drath LLP represented the buyer of an apartment complex in Brooklyn from Sheila Properties Inc. for $55.675 million, according to records made public in New York on Monday.

  • February 14, 2017

    Seyfarth Shaw Steers Prudential's $50M Loan For NYC Tower

    Seyfarth Shaw LLP represented Prudential Insurance Co. of America in connection with its $50 million loan to Jack Resnick & Sons Inc. for an office property on Madison Avenue in Manhattan, according to records made public in New York on Tuesday.

  • February 14, 2017

    2nd Circ. Won't Rehear Louis Vuitton Parody Handbag Suit

    The Second Circuit will not rehear Louis Vuitton's trademark infringement suit against a small company selling cheap totes that parodied the designer's pricey handbags, the appeals court said Monday.

  • February 14, 2017

    Feds Seek 5 Years For Banker Who Gave Dad Merger Tips

    A onetime investment banker at JPMorgan Chase & Co. who was convicted of leaking his father upcoming merger news so his dad could profit should be sentenced to five to six-and-a-half years in prison, federal prosecutors have argued in New York, saying the banker’s parental duties don’t merit a sharp deviation from guidelines.

  • February 13, 2017

    Cravath Wants Shell Docs Order Stayed During Appeal

    Cravath Swaine & Moore LLP on Monday urged a New York federal judge to stay a Jan. 24 order compelling the firm to turn over Royal Dutch Shell documents for planned litigation against the energy giant in the Netherlands while the firm appeals the decision to the Second Circuit.

  • February 13, 2017

    ICE Officers Arrested Over 680 People, DHS Chief Confirms

    Over 680 people were arrested by immigration officers across the country last week, the head of the U.S. Department of Homeland Security confirmed Monday in a statement that praised ICE officers’ “heroic efforts,” while immigration advocates argued the raids were separating and “terrorizing” families.

  • February 13, 2017

    Reuters 9/11 Photo Copyright Dispute Sent For Talks

    A New York federal judge on Monday shipped a copyright flap to a magistrate judge in the hope of settling a dispute between Thomson Reuters Inc. and a photographer who says the Reuters news agency distributed her 9/11 images without permission.

  • February 13, 2017

    Last-Minute Gov't Witness Roils Bitcoin Case, Delays Trial

    Prosecutors' eleventh-hour attempt Monday to shoehorn a new witness into the trial of New Jersey pastor Trevon Gross and former Coin.mx bitcoin exchange operator Yuri Lebedev on charges of bribery and fraud generated a warning from a Manhattan federal judge about the government’s tactics.

  • February 13, 2017

    MaxPoint Beats Investors’ Suit Over Post-IPO Stock Drop

    A New York federal judge dismissed a suit against advertising tech company MaxPoint Interactive Inc. on Monday, saying the shareholders who sued didn’t identify any significant information the company failed to disclose in the lead-up to its initial public offering.

  • February 13, 2017

    IRS Objects To Shipping Co.’s $200M Bankruptcy Plan

    The Internal Revenue Service and an insurer filed objections Friday to International Shipholding Corp.’s Chapter 11 plan to restructure more than $200 million in debt, saying the plan treats their claims unfairly and hasn’t been shown to be feasible, echoing the concerns of five other creditors who filed objections on Thursday.

  • February 13, 2017

    Holland & Knight 'Likely' Repped Both Sides In Suit: Judge

    A New York federal judge on Monday told Holland & Knight LLP that he was "extremely likely" to find that the firm had concurrently represented ethanol distributor Murex LLC and First NBC Bank, which is suing the energy company over alleged sham transactions.

  • February 13, 2017

    Pharmacy Loyalty Card Co. Escapes $250M IP Suit

    A New York state court judge on Friday freed health-care technology company McKesson Specialty Arizona Inc. from a $250 million trade-secrets suit launched by a competitor accusing the company of stealing its method for processing prescription discounts with loyalty card programs.

  • February 13, 2017

    Jury Rules In Favor Of US Boxer In Fight Cancellation Row

    A New York federal jury ruled in favor of American heavyweight boxer Deontay Wilder on Monday in his dispute with Russian rival Alexander Povetkin over their canceled May 21 bout, which was called off after Povetkin tested positive for a banned substance.

  • February 13, 2017

    Ex-AIG Head Blasts NY Atty Gen’s Release On $10M Deal

    Former American International Group Inc. CEO Maurice “Hank” Greenberg and his attorney David Boies on Monday said the New York attorney general’s characterization of a $10 million deal reached last week to end long-running litigation was misleading, saying the settlement did not allege Greenberg committed fraud.

  • February 13, 2017

    Ex-Galleon Trader Gives Up $7.3M For Insider Trading Scheme

    Former Galleon Group LLC trader Zvi Goffer agreed to cough up $7.3 million in the insider trading case that put him behind bars for 10 years on charges that he paid two former Ropes & Gray LLP lawyers for market-moving tips, according to a proposed order filed in New York federal court Friday.

Expert Analysis

  • How Litigation Funding Is Bringing Champerty Back To Life

    John H. Beisner

    While some courts have declined to apply the common-law doctrine of champerty to invalidate third-party litigation funding agreements, two recent rulings by appellate courts in New York and Pennsylvania have brought renewed attention to champerty principles, casting doubts on the legality of certain forms of third-party litigation funding, say John Beisner and Jordan Schwartz of Skadden Arps Slate Meagher & Flom LLP.

  • Attracting And Retaining The Millennial Lawyer

    Christopher Imperiale

    Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.

  • Expect Continued Aggressive Enforcement Under Bharara

    Nicholas Lewis

    The beginning of 2017 brings with it significant changes to the government as a whole and the U.S. Department of Justice in particular, but one constant in this time of change is the U.S. Attorney’s Office for the Southern District of New York. Recent developments reflect a seal of approval for that office’s aggressive enforcement approach under Preet Bharara, says Nicholas Lewis of McGuireWoods LLP.

  • Trump's EPA: Be Careful What You Wish For

    Mitchell J. Klein

    Trying to prognosticate what President-elect Donald Trump will do is very difficult. But assuming he does seek to implement change at the U.S. Environmental Protection Agency, if it's perceived as backing off of environmental enforcement, private parties will step in and cases will likely be even more expensive, more problematic and more unreasonable than those brought by the EPA and the states, says Mitchell Klein of Snell & Wilmer LLP.

  • The Trump Administration And Nuclear Energy

    David Repka

    Nuclear energy has fallen on hard times in the United States. Operating costs are high, while natural gas is abundant and cheap. So what will the Trump administration mean for nuclear generation? The president-elect seems uninterested in carbon-free nuclear power as a means to fight climate change, but job creation could justify the construction of new nuclear plants, say David Repka and Tyson Smith of Winston & Strawn LLP.

  • Talking 'Bull': Episode 11, Teacher’s Pet

    Roy Futterman

    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 ...

  • Art Market Tax Probes Make Domestic Freeports Appealing

    Desiree Moore

    As home to high art auction prices and hefty sales and use taxes, New York City has seen its share of art-related tax fraud. Now, as law enforcement scrutinizes tax compliance in the art world, collectors may wish to avoid New York sales taxes legally, by shipping their purchases to a domestic freeport, say Desiree Moore and Blaise Niosi of K&L Gates LLP.

  • It’s Time To Change The Law Firm Business Model

    Lucia Chiocchio

    Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.

  • Trump Libel Win Based On Trump Libel Loss

    Mark Sableman

    President-elect Donald Trump just won a libel case against a critic — for the very same reason that real estate developer Donald Trump lost a libel case against a critic more than 30 years ago. But the new case, and the atmosphere of the 2016 presidential campaign, may significantly alter libel law, says Mark Sableman of Thompson Coburn LLP.

  • Amended Rule 37(e): 1 Year Later

    Samantha Southall

    After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.