New York

  • September 13, 2017

    Real Estate Rumors: Stuart Handler, Q Mgt., Matt Damon

    Landlord Stuart Handler has reportedly bought a Chicago residential tower from private equity firm Equus Capital for $80 million, Q Management is said to be paying roughly $248 million for 24 Ontario apartment properties from Skyline Apartment REIT and one other seller, and Matt Damon could pay a Brooklyn record price for a residence.

  • September 13, 2017

    SEIU Won’t Get Redo In State Anti-Bias Law Preemption Row

    The Second Circuit will not rethink a ruling ending a Service Employees International Union local's challenge to the application of the New York State Human Rights Law to unions accused of discriminatory activity in their role as collective bargaining representatives, a panel said Tuesday.

  • September 13, 2017

    Trump’s Team To Be More Risk-Tolerant, Bank Regulator Says

    The acting head of a key U.S. banking regulator on Wednesday said that his agency was still working on a new special-purpose charter for financial technology firms, but added that under the Trump administration regulators would be more open to the risk-taking inherent to such firms.

  • September 12, 2017

    $2B Payday-Loan Hustle Hid Behind Tribes, Gov't Says

    Federal prosecutors went to trial Tuesday in Manhattan federal court against a racecar driver and a lawyer who allegedly stole $2 billion from consumers in a loan-sharking operation that the two cloaked — for a time — behind Native American tribes’ legal sovereignty.

  • September 12, 2017

    Ex-Hunton Atty Won't Get Do-Over Of Insider Trading Trial

    A New York federal judge on Tuesday denied bids for acquittal and a new trial from a former Hunton & Williams LLP patent lawyer who was convicted of insider trading for tipping off his friend and investment adviser about Pfizer Inc.’s plans to acquire a client.

  • September 12, 2017

    Westinghouse Can Pay Bonuses To Retain Key Employees

    Westinghouse Electric Co. LLC was given the green light Tuesday to implement a $13.8 million bonus program meant to incentivize more than 200 of the bankrupt nuclear energy giant’s employees to continue working over the coming months while the company is in Chapter 11.

  • September 12, 2017

    Dechert Nabs Ex-White & Case PE, M&A Partner

    A former White & Case LLP partner working in acquisitions with companies such as the Carlyle Group has joined Dechert LLP’s New York-based corporate practice group.

  • September 12, 2017

    Oil Exec Accused Of Lying To Banks Is Convicted Of Contempt

    An oil businessman who failed to disclose his assets to a Chinese bank that won a $5 million judgment against him was found guilty of criminal contempt on Tuesday, with a New York federal jury taking less than three hours to convict.

  • September 12, 2017

    Ex-Greenberg Atty Testifies ‘Rat’ He Smelled Was Forgery

    A former Greenberg Traurig LLP shareholder testified in a New York attorney’s criminal forgery trial on Tuesday that while defending a dog food company against a pet store chain’s $20 million contract suit, he became suspicious of a commercial lease assignment that didn’t make business sense, eventually discovering it had been forged.

  • September 12, 2017

    Ex-Duane Reade CEO Asks 2nd Circ. To Trim $6.2M Award

    Duane Reade Inc.’s former CEO on Tuesday asked the Second Circuit to again pare down the $6.2 million he was ordered to pay in legal fees to the company after his 2010 fraud conviction, calling bills from Paul Weiss and Cooley a “hopelessly vague” jumble of both valid and invalid fees.

  • September 12, 2017

    After Storms, Senators Move Stalled Telecom Disaster Bill

    Amid the aftermath of hurricanes that devastated swaths of Florida and Texas, senators Chuck Schumer, D-N.Y., and Maria Cantwell, D-Wash., advanced a bill introduced in January requiring cell carriers to carry competitors’ signals during emergencies, among other telecom disaster provisions.

  • September 12, 2017

    Rajaratnam Asks 2nd Circ. For Leave To Appeal, Again

    Hedge fund billionaire Raj Rajaratnam asked the Second Circuit on Tuesday to let him proceed with a second appeal of his record-breaking, 11-year sentence on insider trading charges, saying the court’s landmark Newman ruling clearly invalidates the basis for much of the jury’s finding in his 2011 trial.

  • September 12, 2017

    Ex-Knicks Player Sues Owner For Madison Square Ouster

    Charles Oakley, a popular power forward for the New York Knicks in the 1980s and 1990s, sued team owner James Dolan in New York federal court Tuesday for allegedly humiliating the ex-basketball player by getting him kicked out of Madison Square Garden then calling him an alcoholic.

  • September 12, 2017

    Cravath Tells 2nd Circ. Shell Docs Secrecy Is 'Iron-Clad'

    Cravath Swaine & Moore LLP asked the Second Circuit on Tuesday to reverse a lower court’s decision ordering it to turn over Royal Dutch Shell documents in connection with litigation in the Netherlands, saying the documents are covered by an “iron-clad” confidentiality agreement and being forced to give them up would invite discovery tourism.

  • September 12, 2017

    GM Plaintiffs Move To Enforce Revoked $15M Bankruptcy Deal

    A group of car owners and claimholders alleging damages from defects in old General Motors' vehicles asked a New York federal court Monday to enforce a $15 million settlement with a bankruptcy trust that was all but signed before the manufacturer allegedly undermined the deal.

  • September 12, 2017

    Seward & Kissel Must Face Lighting Co. Ex-Owner’s Suit

    A New York federal judge on Tuesday denied Seward & Kissel LLP’s bid to toss a malpractice suit, finding the suit plausibly alleged the firm failed to conduct due diligence over the sale of a lighting efficiency company to another company later implicated in a Ponzi scheme.

  • September 12, 2017

    Gov't Asks 2nd Circ. To Deny FCA Relator Cut Of L-3 Deal

    The federal government on Monday urged the Second Circuit to uphold a decision denying a cut of an L-3 Communications unit’s $25.6 million False Claims Act settlement to a whistleblower who had previously dropped his case, saying the dismissal had severed the whistleblower's connection to the deal.

  • September 12, 2017

    Sports Consulting Co. Sued Over $20M Loan Deal Breach

    A handful of subsidiaries and four executives of a sports consulting and management company have been misappropriating money owed to a U.K. special finance company under a $20 million loan agreement the consulting company intentionally defaulted on, the finance company alleged in New York federal court Tuesday.

  • September 12, 2017

    2nd Circ. Denies Billy Walters' Bid For Bail Pending Appeal

    The Second Circuit on Tuesday denied prominent gambler Billy Walters' bid to stay out of prison as he appeals his conviction in April for trading on inside information gleaned from the chairman of Dean Foods.

  • September 12, 2017

    Herbert Smith Freehills Hires 1st Corporate Partner In NYC

    Herbert Smith Freehills has hired its first corporate partner in its New York City office to lead acquisitions, disposals and joint ventures for U.S. companies across all sectors into Asia, Europe, the Middle East and Africa, the firm has said.

Expert Analysis

  • How To Assess Real Estate Taxes In NYC: Part 2

    Excerpt from Lexis Practice Advisor
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    An understanding of the assessment prices, how real estate taxes are calculated and the benefit programs that New York City makes available to property owners will allow counsel to better negotiate on behalf of clients, says Steven Tishco of Marcus & Pollack LLP in the final part of this article.

  • Heller Sequels And 2nd Amendment, Still Undecided: Part 2

    Robert W. Ludwig

    In the second installment of this three-part series, attorney Robert W. Ludwig continues his deep dive into the controversial history of Second Amendment jurisprudence.

  • How New York State Is Making Energy Storage A Priority

    PuchnerTom_HR_Rev-C1.jpg

    In June, the New York State Legislature passed the Energy Storage Deployment Program bill to incentivize greater use of energy storage technologies. This will be a critical piece of a multipronged strategy to flatten the peaks and troughs of the daily electricity load profile and enable high penetration of intermittent renewables, say Thomas Puchner and Kevin Blake of Phillips Lytle LLP.

  • How To Prioritize Your Law Firm's Crisis Response Plan

    Michelle Samuels

    If the media is going to cover your law firm’s crisis, they are going to cover it with or without your firm’s input. But your involvement can help shape the story and improve your firm’s image in the public eye, says Michelle Samuels, vice president of public relations at Jaffe.

  • How To Assess Real Estate Taxes In NYC: Part 1

    Excerpt from Lexis Practice Advisor
    Steven Tishco

    In New York City, real estate taxes are becoming an increasingly greater expense for property owners and landlords. A working knowledge of the transaction process is important for understanding when specialized real estate tax representation might be necessary and appropriate for more complex transactions, says Steven Tischo of Marcus & Pollack LLP.

  • Weekly Column

    Innovating For Wise Juries: Closing Argument

    Stephen Susman

    In the final article in this series on proposed innovations to the American jury trial, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project sum up the improvements they believe the U.S. jury system desperately needs.

  • 5 Questions All AFAs Should Answer Clearly

    Gregory Lantier

    While no particular form is required to establish a durable alternative fee arrangement, there are terms that should, for the benefit of both client and outside attorney, be expressly set forth in the agreement itself, but are often overlooked, say attorneys with WilmerHale.

  • Cybersecurity Risks In The Courtroom

    Daniel Garrie

    As cybercriminals continue to look for easy targets, the court system will surely enter their crosshairs. If judges and court personnel do not maintain proper data security and cyber hygiene, confidential litigant information can fall into the hands of a wide variety of bad actors, say Daniel Garrie of JAMS, David Cass of IBM Cloud, Joey Johnson of Premise Health Inc. and Richard Rushing of Motorola Mobility LLC.

  • A Reassuring 2nd Circ. Approach To Annulled Awards

    Jonathan Blackman

    In a controversial decision last year, the Second Circuit became one of the only U.S. courts ever to enforce an arbitral award annulled in the primary jurisdiction. The recent Thai-Lao Lignite ruling returns the court to a more deferential application of the standard, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Monthly Column

    Gray Matters: Clients Are Not Really 'Emotional'

    Gray Matters

    When you look at your client through the "survival circuit" lens, what first appeared as an emotional mess is now valuable information about what is important to them, what needs have to be met to settle the case, or what further clarity your client requires before moving forward, say dispute resolution experts Selina Shultz and Robert Creo.