The wife of jailed former Jenkens & Gilchrist PC lawyer Paul Daugerdas can’t fight forfeiture of $32 million related to her husband’s $7 billion tax fraud conviction, because the accounts were transferred to her after the fraudulent scheme began, a Manhattan federal judge ruled Monday.
The Second Circuit on Friday upheld a decision effectively revoking the U.S. citizenship of a Dominican Republic native who became a citizen as a child when his father was naturalized in 1980, finding he didn’t qualify as “legitimate” under the laws of that era because he was born out of wedlock.
Former Dewey & LeBoeuf LLP executives Stephen DiCarmine and Joel Sanders asked a New York judge on Monday to dismiss all charges in the middle of their fraud retrial, saying prosecutors' failure to disclose details about witnesses' statements had crippled their defense.
Singapore's Ezra Holdings Ltd., an offshore oil and gas industry contractor, filed for Chapter 11 in New York bankruptcy court on Saturday, just months after posting an annual net loss of $850 million, saying its dire financial straits have been caused by "significant weakness and volatility in the oil price environment."
A proposed class of Amtrust Financial Services Inc. investors on Monday hit the insurance firm with a federal suit in Manhattan alleging that errors in financial reporting led to stock drops once the company announced restatements were necessary.
Air India Ltd. told a New York federal court Monday that it intends to enforce an arbitration award of more than $10 million, issued in India against Dynamic International Airways, in a dispute stemming from charter services contracts to carry pilgrims between India and Saudi Arabia.
A Manhattan judge on Monday cleared Westchester, New York, neurologist Emad Soliman and New York City cardiologist Asim Hameedi to continue to practice medicine as a $57 million criminal insurance fraud case against them and others moves forward.
Two partners and an attorney from Dentons LLP have joined Troutman Sanders LLP’s energy and projects practice in the New York and Washington, D.C., offices, the firm said Monday.
Alston & Bird LLP represented Morgan Stanley Mortgage Capital Holdings LLC in connection with its $782 million loan to RXR Realty LLC for an office property in Times Square, according to records made public in New York on Monday.
Uber has reportedly bought a stake in the office portion of the Golden State Warriors Mission Bay development project, GFI is said to have scored $181.3 million in financing for a New York hotel and condo tower, and Stifel Financial has reportedly subleased two floors of a Park Avenue tower.
A onetime Segal McCambridge Singer & Mahoney LTD partner overbilled clients for hundreds of thousands of dollars while another ran a fraudulent scheme to milk an insurance policy and prolong asbestos-related defense work, an insurer claimed in suit moved Friday to New York federal court seeking an audit of the firm's bills.
Consumer and commercial debt collector SquareTwo Financial Services Corp. entered Chapter 11 protection over the weekend with a prepackaged plan to wind down its operations in the U.S. and sell off its Canadian businesses for a purchase price of $264 million to help deleverage $460 million in liabilities.
Two top-level executives from a bankrupt Chinese medical technology company are on the run from authorities after stealing more than $426 million from investors in a fraudulent note offering scheme, prosecutors said Monday.
The New York City Department of Transportation and the federal government said Monday they are negotiating a settlement that would end a lawsuit alleging the NYC DOT maintenance division's managers habitually used racial slurs and systematically excluded minority candidates for supervisor positions.
A holding company that allegedly suffered $230 million in losses because Wells Fargo & Co. rubber-stamped junk mortgages told a Manhattan federal magistrate judge on Friday that the company has proven ownership of the at-issue mortgages and that the bank's contentions otherwise are false.
A gay advertising executive seeking to revive his bias suit against DDB Worldwide Communications Group Inc. told the appellate court Saturday to ignore the company’s citation to a recent Eleventh Circuit ruling that Title VII doesn’t protect against sexual orientation discrimination, saying it has little relation to his case.
The U.S. Supreme Court on Monday declined to review a Second Circuit decision that district judges have the power to decertify a class after a jury verdict but before judgment, cementing the decertification of a class of mortgagers awarded $55 million at trial over late fees charged by Wells Fargo & Co.
Former River Café waiters who say the pricey eatery in Brooklyn's DUMBO neighborhood stiffed them out of millions of dollars in tips and other wages over eight years were given a trial date Monday in a long-running paycheck action targeting owner Michael "Buzzy" O'Keeffe.
A New York federal judge on Friday confirmed a $5.7 million arbitration award to a United Arab Emirates-based food distributor and retailer from a grocery exporter.
Investors claiming Fiat Chrysler inflated its stock price by using illegal software to cheat on emissions tests and otherwise dodging safety and emissions regulations asked a New York federal judge on Friday to certify a proposed class represented by Pomerantz LLP and The Rosen Law Firm PA.
Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.
Although Health Republic's liquidation is a matter of considerable public interest, the process has been far from transparent. Last fall, the National Association of Insurance Commissioners' discussion of consumer operated and oriented plans was closed to the public, in potential violation of the NAIC's policy statement on open meetings, says James Veach of Mound Cotton Wollan & Greengrass LLP.
General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.
In the seventh part of this series on Health Republic's liquidation process, James Veach of Mound Cotton Wollan & Greengrass LLP summarizes his recent attempt to appear as a friend of the court overseeing the liquidation.
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 ...
Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.
When insured parties are ordered to pay punitive damages, they often want to know whether those punitive damages are covered and whether they were insurable in the first place. In the first half of this two-part article, Rory Jurman of Fowler White Burnett PA looks at how courts in Florida treat this issue, compared to courts around the country.
Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.
A New York federal court's recent ruling in U.S. Bank v. T.D. Bank serves as a good reminder that lenders should carefully consider the interplay between loan documents in order to ensure they correctly represent the parties' intent. Under applicable state law, the rule of explicitness may apply to intercreditor disputes outside of bankruptcy, not just to disputes within a bankruptcy proceeding, say attorneys with King & Spalding LLP.
This is not the first time that a president has criticized the judiciary. But what is unique about President Donald Trump's attacks is that they target not just a specific decision, but the judiciary and its decision-making power altogether. Every lawyer, regardless of political persuasion, must speak up, says Alexandra Wald of Cohen & Gresser LLP.