New York

  • January 6, 2017

    Drug Wholesaler Cops To $100M Prescription Meds Fraud

    The owner of a Utah-based wholesale distribution company on Friday admitted to fraudulently distributing to pharmacies over $100 million worth of prescription drugs that he bought on the black market.

  • January 6, 2017

    Relaxed NY Cybersecurity Rules Offer Limited Relief

    The New York financial services regulator’s recent move to relax first-of-its-kind cybersecurity rules for banks and insurers by taking steps such as accounting for companies’ specific risk appetites will make compliance an easier task, but attorneys say the stringent planning and security requirements that remain in place will likely serve as fodder for both regulators and consumers.

  • January 6, 2017

    BlackRock, Others Seek Nod For Sampling In HSBC Suit

    BlackRock Inc. and a group of coordinated asset management plaintiffs have asked a New York federal judge to allow them to use sampling to help determine HSBC’s liability in a suit accusing the bank of failing as a trustee of collateralized loans.

  • January 6, 2017

    Appeals Court Denies GSP 2nd Shot At KPMG In $525M Fraud

    A New York state appeals court on Thursday denied GSP Finance LLC another shot at proving KPMG LLP helped private equity investor and sports financier Tom Hicks cheat lenders out of $525 million in debt, saying that lower court rulings were within the discretion of the trial judge.

  • January 6, 2017

    Terror Victims Want Justices To Resolve Corp. Liability Issue

    Victims of Hezbollah rocket attacks in Israel have asked the U.S. Supreme Court to decide whether corporations are immune from lawsuits under the Alien Tort Statute, but to only rule on their case after it decides a separate, similar petition that was filed in October.

  • January 6, 2017

    Puda Coal, Ex-Chair Should Pay $228M For Fraud, Judge Says

    A Manhattan federal judge said Friday that Puda Coal and its former chairman Ming Zhao should be ordered to cough up $228 million to investor classes who claim they were defrauded into backing the Delaware-incorporated Chinese mining and coking concern.

  • January 6, 2017

    Strip Club Must Pay Models After No-Show In Likeness Suit

    A trio of models suing a Long Island strip club won $360,000 in New York federal court this week in a misappropriated likeness case after the strip club failed to answer or respond to their complaint.

  • January 6, 2017

    NYC Cab Driver Asks High Court To Hear GPS Tracking Case

    A New York City taxi driver wants the U.S. Supreme Court to decide on whether drivers tracked via GPS devices in their cabs have Fourth Amendment rights when they didn’t own the vehicles at the time the tracking devices were installed, saying that circuit courts have made conflicting rulings on the issue.

  • January 6, 2017

    NY Judge Stays $1B Purolite Suit Against Hitachi, Avantech

    A Manhattan federal judge on Friday stayed Purolite Corp.'s $1 billion trade secrets suit against Hitachi America Ltd. and Avantech Inc., citing the plaintiff's similar $777 million suit in Japan accusing Hitachi of pilfering secrets to secure decontamination work at the tsunami-ravaged Fukushima Daiichi nuclear plant.

  • January 6, 2017

    NY Retailers Tell Justices Surcharge Law Only Affects Speech

    A group of New York retailers is pushing the U.S. Supreme Court to reject arguments by the state that banning merchants from disclosing a credit card surcharge to customers is not a restriction of speech, saying the rule does nothing but infringe on retailers' First Amendment rights.

  • January 6, 2017

    Judge Won't Enforce Surveillance Award Amid Danish Appeal

    A New York federal judge chose Thursday to not confirm a partial arbitral award against a U.S. digital surveillance company, saying its Denmark appeal of a decision to confirm the award should play out first.

  • January 6, 2017

    Probe Delays Trial of Ex-Union Boss, Hedge Fund Founder

    A New York federal judge on Friday pushed back to October the start of the corruption trial of Platinum Partners co-founder Murray Huberfeld and Norman Seabrook, the former head of the New York City correction officers union, after a trove of evidence was unearthed in a separate investigation of the hedge fund.

  • January 6, 2017

    2nd Circ. Backs Toss Of HSBC Account Fee Suit

    The Second Circuit affirmed Thursday the dismissal of deceptive-practice class allegations against HSBC Bank USA NA over a $5 account fee, finding the suit was brought too late and the bank's one-year statute of limitations provision was not unreasonable.

  • January 6, 2017

    NY Tower Owner Asks Justices To Say It’s Not Iran ‘Agency’

    The majority owner of a New York City office tower linked to Iran and sought by terrorism victims and federal prosecutors wants the U.S. Supreme Court to weigh in on a Second Circuit decision it said applied a far too broad definition of potential stand-ins for state terrorism sponsors.

  • January 6, 2017

    Stellar Management Nabs $110M Refinancing For NY Building

    Property owner and operator Stellar Management has landed a $110 million mortgage modification from New York Community Bank for a residential building on Manhattan’s Upper West Side, according to property records made available Friday.

  • January 6, 2017

    Real Estate Rumors: Pfizer, Heafey, Banco Bradesco

    Pfizer is said to have sold a Brooklyn development site for $27.5 million, Heafey Group's president has reportedly bought units and a restaurant at a Florida Hilton for nearly $100 million, and Banco Bradesco is said to have extended its Park Avenue lease in Manhattan.

  • January 6, 2017

    Shareholder Can't Duck Taxes Tied To $3M In Sales: NY Court

    A New York tax court has denied a refund request from a shareholder of a pass-through corporation that was found to owe additional taxes on $3 million in sales, finding that the shareholder failed to show that she was not responsible for her portion of the taxes. 

  • January 6, 2017

    5 Insights From General Electric's Alex Dimitrief

    “Data sovereignty” is a recent trend with important consequences for GE’s future as a digital industrial company. The technical challenges alone are immense. But compounding those challenges are the growing number of countries considering laws that would impede the flow of data across national borders, says Alex Dimitrief, general counsel of General Electric Co.

  • January 5, 2017

    AmEx Retains 2nd Circ. Win In DOJ Anti-Steering Suit

    The Second Circuit on Thursday refused to reconsider a decision that cleared American Express of antitrust violations with anti-steering rules preventing merchants from suggesting other credit card brands in a case that drew intense interest from retailers and consumers.

  • January 5, 2017

    Carfax Says AIG Unit Must Defend $50M Monopoly Dispute

    Carfax on Thursday urged a New York court to rule that an AIG insurer must cover its costs to defend against a $50 million suit alleging the company created a monopoly in the vehicle history report market and lowered the reports' reliability while increasing the price, saying the underlying complaint contains potentially covered disparagement claims.

Expert Analysis

  • Judicial Treatment Of Interrelated Acts: Part 2


    Whether or not courts regard multiple acts, errors, omissions or claims as interrelated or related is very fact-specific and highly dependent on the language of the policy in question. In the second part of this article, Rory Jurman and Steven Cula primarily explore how Florida courts have interpreted related claim provisions.

  • Using Payroll Cards To Pay Employees’ Wages

    Excerpt from Lexis Practice Advisor
    Kevin E. Vance

    When advising employers on the use of payroll card programs as an alternative method of paying employees there are several considerations lawyers should adopt. Kevin Vance of Duane Morris LLP discusses key issues concerning payroll cards and best practices for establishing and maintaining a payroll card program.

  • Judicial Treatment Of Interrelated Acts: Part 1

    Rory Eric Jurman

    Courts have reached varying conclusions regarding the extent to which claims must be related in order to constitute a single claim under an insurancy policy. Rory Jurman and Steven Cula of Fowler White Burnett PA explain the question of interrelatedness and discuss how various states have approached the issue.

  • Can A Yankees Fan Get A Fair Trial In New England?

    Daniel E. Wenner

    Rhode Island, which has no Major League Baseball team of its own, is basically part of Red Sox nation. So what happens when a defendant is tried for bank fraud in Rhode Island before a jury that learns that he’s a Yankees fan? Day Pitney LLP partner and former federal prosecutor Daniel Wenner reviews the case.

  • Rakoff Addresses Tippee Liability In SEC V. Payton

    Jonathan E. Richman

    U.S. District Judge Jed Rakoff in U.S. Securities and Exchange Commission v. Payton recently denied a motion for a new trial by two remote tippees found guilty of insider trading. An interesting aspect of the decision is the court’s treatment of whether the tippees knew or should have known that the tipper had breached his duty of confidentiality, says Jonathan Richman of Proskauer Rose LLP.

  • Energy Policy In The Trump Era: Part 1

    Christopher Carr

    President-elect Donald Trump has pledged to drastically change the federal government’s role and policies in relation to energy, the environment and climate change. In the first of a two-part series, Christopher Carr and Robert Fleishman of Morrison & Foerster LLP consider the incoming administration's plans on infrastructure, natural gas, oil and coal, as well as clean and renewable energy.

  • The Ethical Risks Of A Multijurisdictional Practice

    Melinda Gentile

    As law firms and clients conduct more business on a regional or national scale, multijurisdictional practice is becoming more prevalent for practicing attorneys. Attorneys engaged in both private practice and as in-house counsel need to be aware of the ethical risks of practicing across jurisdictions — including the implications of engaging in the unauthorized practice of law, say Melinda Gentile and Monique Cardenas of Peckar & Abramson PC.

  • And Now A Word From The Panel: MDL Venue Choices

    Alan Rothman

    A critical — and arguably the least predictable — facet of the Judicial Panel for Multidistrict Litigation's practice is the selection of the venue for a new MDL proceeding. In this installment of his bimonthly series on the panel, Alan Rothman of Kaye Scholer LLP looks at the panel’s reasoning for its selection of particular venues, as well as arguments advanced by the parties, over the past year.

  • How Law Firms Are Using Analytics To Reduce Write-Offs

    Haley Altman

    It is increasingly necessary for law firms to implement strategies to improve efficiency, staffing and value to meet client needs. Haley Altman, CEO and co-founder of Doxly Inc., discusses how to successfully leverage analytical tools and emerging technology to increase profitability.

  • A Review Of Key Cases Against Executives In Q3


    Attorneys with Miller & Chevalier Chtd. highlight the third quarter’s most significant cases and government investigations impacting corporate executives.