A group of investors in Walmart Inc.'s Mexican unit, known as Wal-Mex, squared off against the retail giant before the Second Circuit on Thursday, asking the court to reverse the dismissal of their suit alleging bribery-linked securities fraud or at least give them another chance to amend their complaint and make their case stronger.
A strip club manager and “casual consulting” professional who wired $500,000 to a ticket resale entity controlled by Craig Carton told the Manhattan jury weighing fraud charges against the former sports radio talker Thursday that the money was earmarked for one of Carton's high-stakes gambling trips.
Smartphones regularly hold crucial evidence in criminal investigations, but Apple and Google’s continual efforts to beef up device security often mean law enforcement can’t crack the cases because they can’t crack the passcodes, Manhattan District Attorney Cyrus Vance said in a report released Thursday.
A securities fraudster appealing his 20-year prison sentence faced tough questions before the Second Circuit on Thursday, with the court seeming skeptical that the sentence reflected clear error given the defendant's long history of drunken driving-related offenses.
Bankrupt Sears Holdings Corp. on Thursday announced that it has inked licensing deals with several other companies to produce and market some of its Kenmore- and DieHard-branded products, a move executives said was one part of their “expansion strategy to unleash the power of these iconic brands.”
The New York Jets have announced they are entering into a sports-betting partnership with MGM Resorts International in what the hotel and casino giant says is a first-of-its-kind deal with a National Football League team.
A New York-based contractor that provides services at federal buildings has paid more than $2.8 million to resolve U.S. Department of Labor accusations that the nonprofit didn’t properly pay various workers fringe welfare and health benefits, the agency said.
Former professional basketball player William Willoughby has accused insurance giant MetLife, spinoff Brighthouse Financial and a pair of its subsidiaries in New York state court of forging his signature to empty his retirement account of nearly $600,000.
Attorney Steven Donziger railed against Chevron Corp.’s motion to hold him in contempt for allegedly defying a judge’s injunction against his profiting from a $9.5 billion settlement in a case in Ecuador, saying the company was “entirely unhinged” and engaging in a campaign to “demonize” him.
A Buffalo debt collection operation was slapped with a joint suit by the New York Attorney General's Office and the Federal Trade Commission for allegedly using illegal tactics, including posing as attorneys or police officers, to aggressively con people out of more money than they actually owed, the state AG announced Thursday.
A New York federal judge has ordered the Kyrgyz Republic to pay $5,000 per day in contempt sanctions to a Turkish hotel investor until it starts following discovery orders for an $8.5 million arbitration award won by the investor based on claims that the country colluded against it.
New York led a group of 26 states and local governments that commented on the U.S. Environmental Protection Agency’s proposal to replace the Obama-era Clean Power Plan regulating power plants' carbon emissions with a new rule, arguing the move was wrongheaded and harmful.
Schulte Roth & Zabel LLP must turn over documents relating to its former representation of two failed Platinum Partners hedge funds to the Cayman Islands-based liquidators who are now winding the funds down, a New York bankruptcy judge said Thursday over the firm's objections.
Brazilian iron companies hoping to confirm a $48 million arbitral award have sparred with alleged successors of steel company Steel Base Trade AG over the proposed timeline of discovery, with both sides blaming the other about manufacturing needless delays over the scope of discovery and asking a New York federal judge to intervene.
Gibson Dunn & Crutcher LLP represented AllianceBernstein LP in connection with its $160 million loan to Simpson Thacher & Bartlett LLP-counseled private equity shop Carlyle Group LP for dozens of commercial condo units at a property on United Nations Plaza in Manhattan, according to records made public in New York on Thursday.
A New York federal judge has dismissed a suit accusing The Coca-Cola Co. of false advertisements about Diet Coke, saying it’s not plausible for reasonable consumers to have believed that the soft drink would in itself lead to weight loss.
Federal prosecutors in New York on Thursday unsealed charges against two former Goldman Sachs bankers and a Malaysian financier who allegedly conspired to launder billions of dollars swiped from 1Malaysia Development Berhad, marking the latest development in a sweeping fraud scandal surrounding the Malaysian sovereign wealth fund.
Companies hoping to sell generic versions of Allergan’s dry-eye medication Restasis have told a New York federal court overseeing multidistrict antitrust litigation that they’ll only provide information about their launch dates to the branded-drug maker’s outside counsel, but Allergan insists that its in-house attorneys can be trusted.
President Donald Trump agreed Wednesday to turn over parts of his 2007 and 2008 calendar in a New York state court defamation suit brought by a woman accusing him of damaging her reputation by calling her a liar after she went public with sexual harassment claims.
The Chapter 11 estate of Westinghouse Electric has asked a New York bankruptcy court to force the nuclear power plant builder and its new owner, Brookfield Business Partners LP, to return $134 million that was supposed to be used to pay subcontractors but that Brookfield is allegedly trying to pocket.
A recent report from the New York state attorney general's office indicates that regulators have expanded their focus beyond initial coin offering fraud and violations to the businesses behind post-ICO trading. Attorneys with Brownstein Hyatt Farber Schreck LLP offer six recommendations to virtual currency exchanges based on the report.
According to the Florida Rules of Civil Procedure, cooperating with opposing counsel to resolve electronically stored information disputes is not required in litigation that is not designated as complex, unless provided for by an individual judge or in certain circuits. But mandated or not, this is a best practice in any state court action, says Robert Wilkins of Jones Foster Johnston & Stubbs PA.
While consumer advocate Ralph Nader is right to express concern over proposed driverless car legislation, his premise that lawmaking is moving too fast is wrong. The real problem is that lawmaking is not moving at all, say Tod Northman and Chris Pantoja of Tucker Ellis LLP.
In the latest installment of their monthly column, Timothy Noonan and K. Craig Reilly of Hodgson Russ LLP revisit the ongoing battle over the SALT deduction cap, note the importance of taxpayer testimony in domicile cases, address nonaudit-related legal challenges facing taxpayers and review New York City’s better-late-than-never guidance on repatriated income.
The U.S. Securities and Exchange Commission's complaint last week against Elon Musk and the settlement that followed seems like an obvious, routine and easy win for the government. But there is a lot more to the Tesla tweet debacle than meets the eye, says John Reed Stark of John Reed Stark Consulting LLC.
Employment lawyers dare not turn away from their news feeds lest they miss the next critical case law update. Lovita Tandy of Tandy Legal and Bonnie Burke of Lawrence & Bundy LLC review the latest on sexual orientation discrimination, employee arbitration agreements and joint employer liability.
Henry Leibowitz and Allison Heimann of Proskauer Rose LLP unpack the New York attorney general's petition against the Donald J. Trump Foundation, filed last June, and outline seven important rules for lawful and efficient management of New York private and family foundations.
The Second Circuit’s recent decision in United States v. Hoskins limits the U.S. government's ability to charge a foreign national with violating the Foreign Corrupt Practices Act. This holding is equally applicable to U.S. sanctions law, say Kevin McCart and Jacquelyn Desch of Squire Patton Boggs LLP.
Jason Idilbi, former BigLaw associate and general counsel of the tech startup Passport Labs Inc., returns to Law360 to share recent thoughts on best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.
In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.