New York

  • May 10, 2018

    Real Estate Rumors: SL Green, Kinship Capital, Simon

    SL Green has reportedly paid roughly $270 million for a leasehold at a Manhattan office building, a Kinship Capital venture is said to be seeking $120 million for a Chicago office building, and mall real estate investment trust Simon Property is reportedly looking to expand a Miami movie theater by four screens.

  • May 10, 2018

    ADR Holders Try To Intervene In Citigroup Exchange Rate Suit

    Two holders of Citigroup-sponsored American depository receipts urged a New York federal judge on Wednesday to let them intervene in a class action against Citigroup Inc. over the bank’s alleged manipulation of the foreign exchange rate when providing dividends to ADR holders.

  • May 10, 2018

    Fried Frank, Riemer & Braunstein Steer $350M NYC Loan

    Fried Frank Harris Shriver & Jacobson LLP represented a joint venture of JD Carlisle Development and Fosun Property in connection with its $350 million construction loan from Riemer & Braunstein LLP-counseled Bank of the Ozarks Inc. for a Manhattan condo construction project, according to a record made public in New York on Thursday and counsel for the lender.

  • May 10, 2018

    Sheldon Silver, Feds Make Final Case To Jury In 2nd Graft Trial

    Prosecutors and defense lawyers made their closing arguments to a Manhattan federal jury on Thursday in the retrial of former New York State Assembly Speaker Sheldon Silver on charges that he used the powers of his office to take in $5 million in bribes and fraud proceeds.

  • May 10, 2018

    Broadway Battle Over 'Mockingbird' Ends With Settlement

    A dramatic courtroom battle over a Broadway adaptation of "To Kill a Mockingbird" has ended in a settlement that allows the play to proceed on schedule, according to a joint statement issued Thursday by producer Scott Rudin and the estate of author Harper Lee.

  • May 10, 2018

    Debevoise Leads Axa Equitable In Year's Largest IPO

    Axa Equitable Holdings Inc., the U.S. division of French insurance and asset management firm Axa SA, debuted on public markets Thursday, raising $2.75 billion in the U.S.’ largest initial public offering this year, with guidance from Debevoise & Plimpton LLP.

  • May 10, 2018

    Giuliani Resigns From Greenberg Traurig Amid Trump Work

    Former federal prosecutor and New York City mayor Rudy Giuliani has resigned from Greenberg Traurig LLP just weeks after he joined President Donald Trump’s legal team, the law firm confirmed on Thursday.

  • May 10, 2018

    Cleary, Skadden, Sidley Vets Among Latest Judicial Picks

    President Donald Trump launched another bloc of court nominees Thursday, announcing picks for the Ninth Circuit and district courts in New York, Pennsylvania and Alabama, including a partner from Cleary Gottlieb Steen & Hamilton LLP and veterans of Skadden Arps Slate Meagher & Flom, Simpson Thacher & Bartlett and Sidley Austin LLP.

  • May 9, 2018

    Relativity's DIP Ask Slashed As It Faces Grilling In Ch. 11

    Relativity Media LLC, the film production house that just entered bankruptcy for the second time in three years, saw its $1.6 million DIP request nearly halved Wednesday by a dubious judge, and also told the court it's cut business ties with founder Ryan Kavanaugh.

  • May 9, 2018

    5 Names To Watch In Race To Be Next New York AG

    The sudden downfall of former New York Attorney General Eric Schneiderman has opened a frenzy of speculation as to who’s in the running to become the Empire State’s next top cop, and the answer could prove historic if it leads to the first woman or minority to be elected to the powerful post.

  • May 9, 2018

    $5M Award For Baby Bowel Injury 'Excessive,' NY Court Says

    A New York appeals court ruled Wednesday that a jury's $5 million award was excessive in a suit accusing a hospital of causing an infant's bowel injury stemming from an infection, saying the jury had determined that the hospital exacerbated the injury but didn't cause it.

  • May 9, 2018

    Treasury Watchdog To Probe Release Of Cohen Funds Info

    A lawyer for the U.S. Department of the Treasury’s internal watchdog said Wednesday that he would look into a possible leak of confidential banking records related to President Donald Trump’s longtime personal lawyer Michael Cohen.

  • May 9, 2018

    Ybrant Must Give Up Lycos Shares In $37M Award Row

    A New York federal judge agreed Tuesday to allow a South Korean technology company to take over India-based Ybrant Digital's interest in the search engine and web portal Lycos Inc. to help pay $37 million in arbitral awards issued over a failed stock purchase agreement.

  • May 9, 2018

    Cuomo Atty Slams Vance’s ‘Absurd’ Bid For Former AG Case

    Alphonso David, counsel to New York Gov. Andrew Cuomo, eviscerated Manhattan District Attorney Cyrus Vance in a letter Wednesday for suggesting he should investigate domestic violence allegations against the state’s former Attorney General Eric Schneiderman, calling it “frankly absurd” to think he could investigate an office simultaneously investigating him.

  • May 9, 2018

    DOJ Tackles 'Piling On' Of Corporate Penalties In New Policy

    U.S. Deputy Attorney General Rod Rosenstein announced in two speeches in New York on Wednesday that the U.S. Department of Justice had added a new internal policy setting out guidelines to help prosecutors avoid “piling on” corporate penalties with other U.S. enforcement agencies.

  • May 9, 2018

    Judge To Move Fast On Suit Over Census Citizenship Query

    A Manhattan federal judge said Wednesday he will move quickly to resolve a challenge by a coalition of states to the Trump administration's controversial decision to add a question on citizenship status to the 2020 census, noting the approaching population count and the high likelihood of appellate review.

  • May 9, 2018

    Ruling On What Isn't A Security Needed For ICO Clarity

    A ruling in the case of a businessman charged with fraud in an initial coin offering in Brooklyn federal court has the potential to provide clarity on the contentious issue of whether cryptocurrency tokens are securities subject to regulation by the U.S. Securities and Exchange Commission, legal experts say.

  • May 9, 2018

    2nd Circ. Orders Fresh Look At Reinsurer's Asbestos Costs

    The Second Circuit directed a lower court Wednesday to reassess whether Global Reinsurance Corp. of America must cover Century Indemnity Co.’s costs to defend Caterpillar in asbestos litigation beyond the reinsurer’s total liability limits, after New York’s highest court clarified how reinsurance contracts should be interpreted.

  • May 9, 2018

    Tops Grocery Chain Defends Bid To Pay Bonuses In Ch. 11

    Tops Markets LLC defended its request to include $3.2 million in employee retention bonuses in its Chapter 11 plan, telling a New York bankruptcy court that the employees in question are key to keeping the supermarket chain afloat.

  • May 9, 2018

    Real Estate Rumors: Blackstone, HFZ Capital, Dov Ohayon

    Blackstone is reportedly hoping to get roughly $75 million with the sale of an Illinois office complex, an HFZ Capital venture is said to have landed a $300 million loan for a New York multifamily property, and an entity managed by Florida investor Dov Ohayon has reportedly picked up approximately two acres of redevelopment property in Miami for $11.19 million.

Expert Analysis

  • Mass. Crackdown Reflects Increased State Regulation Of ICOs

    Christopher Conniff

    The top securities regulator in Massachusetts recently issued consent orders halting five initial coin offerings, reminding virtual currency market participants that they must be mindful of state regulators as well. This “sweep” is likely only the tip of the iceberg for ICOs in Massachusetts and in other states, say attorneys with Ropes & Gray LLP.

  • What’s Next For Embedded Tweet Copyright Case

    Marcus Chatterton

    If the Second Circuit affirms the Goldman v. Breitbart decision that embedded content may constitute copyright infringement, it will create more burdens on publishers and journalists, and it may invite some creative defenses under the Digital Millennium Copyright Act, says Marcus Chatterton of Balch & Bingham LLP.

  • Opinion

    Attorney-Client Privilege Is Alive And Well

    Genie Harrison

    The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.

  • Roundup

    Dissolving Practice

    Dissolving Practice

    In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.

  • Series

    Dissolving Practice: How To Fix A Dysfunctional Law Firm

    Larry Richard

    I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.

  • When A Plaintiff’s Perjury Could Block A Wage Award

    Valerie Ferrier

    Wage and hour cases typically rise and fall on the existence and quality of a defendant’s time and pay records. However, in Domingo Castillo Marcelino v. 374 Food, despite the lack of written records of the plaintiff’s hours, a New York federal judge recently determined the plaintiff’s perjury was a decisive factor, says Valerie Ferrier of FordHarrison LLP.

  • Federal Vs. State: The Fight To Regulate Student Loans

    Joseph Cioffi

    In the absence of federal action, states have generally enjoyed the home-field advantage when it comes to enforcement of student loans, but that could change, say Joseph Cioffi and James Serritella of Davis & Gilbert LLP.

  • Series

    Dissolving Practice: Partner Agreement Clauses That Can Help

    ​​​​​Leslie Corwin

    Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say ​​​​​Leslie Corwin and Rachel Sims of Blank Rome LLP.

  • Series

    Dissolving Practice: The Unfinished Business Doctrine

    Thomas Rutledge

    There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.

  • Higher Education Should Note Recent Title VII Rulings

    Tina Sciocchetti

    Several recent appellate court decisions have held that Title VII of the Civil Rights Act prohibits discrimination based on sexual orientation. With this changing legal landscape, schools should expect the possibility of a similar expansion of anti-sex discrimination rights under Title IX of the Education Amendments of 1972, say attorneys with Nixon Peabody LLP.