New York

  • March 15, 2017

    Buzzfeed Seeks Toss, Transfer Of Suit Over Trump Dossier

    A Russian technology executive’s defamation lawsuit against Buzzfeed for publishing a dossier alleging Russia has compromising information on President Donald Trump without redacting his name has no business being decided in Florida federal court and should be dismissed or moved to New York, the media company argued on Tuesday.

  • March 15, 2017

    EU Competition Watchdog OKs $85.4B AT&T-Time Warner Deal

    The European Union’s competition watchdog will allow Texas-based AT&T Inc. to move forward with its $85.4 billion takeover of Time Warner Inc., after finding little overlap between the telecommunications firm and the content creator, according to a Wednesday statement.

  • March 15, 2017

    Ex-Hunton Patent Atty Convicted Of Insider Trading

    A former Hunton & Williams LLP patent attorney on Wednesday was convicted by a Brooklyn federal jury of insider trading charges for tipping off his friend and investment adviser about Pfizer Inc.'s plans to acquire his client.

  • March 15, 2017

    Wells, Deutsche Bank, RBS To Pay $165M In NovaStar Deal

    Wells Fargo & Co., Deutsche Bank AG and the Royal Bank of Scotland PLC on Wednesday agreed to pay $165 million to settle a class action lawsuit over their underwriting of $7.7 billion worth of mortgage-backed securities issued by bankrupt subprime lender NovaStar.

  • March 14, 2017

    Law360 Cheat Sheet: Cases Challenging The New Travel Ban

    With several court challenges pending against President Donald Trump’s latest travel ban, the legal battle over the controversial executive order is heating up, with two big hearings slated for Wednesday. Here, Law360 breaks down where the challenges to the new order currently stand, and what to watch for in the coming week.

  • March 14, 2017

    Early Candidates For Manhattan's Next Top Cop

    While former U.S. Attorney Preet Bharara only just left office, Edward O'Callaghan and Marc Mukasey have emerged as early candidates to become the most powerful U.S. attorney in the country, and observers say both have the political connections and experience to bag the job.

  • March 14, 2017

    McCartney 'Forum Shopping' In Beatles Suit, Sony/ATV Says

    Music publisher Sony/ATV moved Monday to kill a lawsuit filed by Paul McCartney over the rights to hundreds of Beatles songs, saying the rock legend’s case was both premature and a clear case of “forum shopping.”

  • March 14, 2017

    Patriot National Sued Over Rejected $475M Takeover

    Private equity-backed Patriot National Inc. and two executives were hit with securities class allegations Tuesday in New York federal court over the insurance industry service provider's purported failure to properly consider a $475 million takeover offer from insurance software maker Ebix Inc.

  • March 14, 2017

    Southern Law Firms Targeted Most For Tie-Ups

    Of the 688 combinations involving a U.S. law firm completed over the past decade, more than a quarter involved a Southern law firm as the target for acquisition, a new report released Tuesday shows.

  • March 14, 2017

    NY Assembly Proposes Extending Millionaires' Tax

    The New York State Assembly proposed a nearly $154 billion spending plan on Monday, focused on re-establishing a controversial tax on millionaires to invest in public education, housing and transportation.

  • March 14, 2017

    Consumer Goods Cos. Get OK For $250M In News Corp. Deal

    A Manhattan judge signed off Monday on the payout of $250 million for a settlement a class of major consumer goods makers inked with News Corp. over its alleged monopolization of in-store advertising.

  • March 14, 2017

    Real Estate Rumors: R&R, Block Capital, GFI

    R&R Development is said to be buying the Atlantic Club Casino Hotel in New Jersey and plans to covert it to a water park and restaurants, Block Capital has reportedly dropped $11 million on a pair of Miami buildings, and GFI Capital Resources is said to have bought a Kennedy Airport-area hotel for $60 million.

  • March 14, 2017

    Mexican Mobile Co. Fights For $6M Claim Against Vivaro

    Mexican telecommunications provider Telcel urged a New York bankruptcy court on Monday to overrule an objection to its claim for $6 million against defunct calling card maker Vivaro Corp., saying it has produced sufficient documentation showing Vivaro’s liability stemming from a contract over interconnection payments.

  • March 14, 2017

    Gibson, Gandhi & Associates Steer $80M Deutsche-M&R Loan

    Gibson Dunn & Crutcher LLP represented Deutsche Bank AG in connection with its $80 million loan to Gandhi & Associates LLC-counseled M&R Hotel Management for an under-development Hilton Garden Inn on West 37th Street in Manhattan, according to records made public in New York on Monday.

  • March 14, 2017

    Marilyn Monroe IP Countersuit Over Images Gets Trimmed

    A New York federal judge on Monday trimmed a countersuit accusing the purported Marilyn Monroe estate of monopolizing the starlet's trademarked name and images, finding that some of the trademark and antitrust claims have enough support to take to trial.

  • March 14, 2017

    Olshan Frome Lands Ellenoff Grossman Securities Partner

    A former Ellenoff Grossman & Schole LLP securities partner who has represented clients such as Cellular Biomedicine Group and a studio executive has joined Olshan Frome Wolosky LLP.

  • March 14, 2017

    MaxPoint Fights Reconsideration Bid In IPO Disclosures Suit

    MaxPoint Interactive Inc. asked a New York federal court Monday not to resuscitate a shareholder lawsuit alleging the advertising technology firm failed to disclose a change in its business just before its initial public offering, saying the investors simply rehashed old points.

  • March 14, 2017

    Stroock Hires Ex-Morrison & Foerster Tax Partner

    A former Morrison & Foerster LLP tax attorney, whose tax-related transaction work includes advising Global Logistic Properties Ltd. on an $8.1 billion real estate purchase, has joined Stroock & Stroock & Lavan LLP as a partner in New York, the firm said.

  • March 14, 2017

    Gerova CEO Has Dementia, Seeks Mercy; Feds Want 14 Years

    Prosecutors are seeking a long prison term for Gerova Financial Group Ltd. CEO Gary Hirst, convicted last year of securities fraud in the $20 million Gerova pump-and-dump scheme, but Hirst, citing an unhappy childhood and a recent diagnosis of dementia, is pleading for leniency, according to memoranda filed in New York federal court.

  • March 14, 2017

    Wells Fargo Says Broker May Not Own Securities In Suit

    Wells Fargo told a Manhattan federal magistrate judge on Tuesday that a Phoenix Light manager's deposition and other information suggest the Irish brokerage did not hold relevant securities when it and others sued for contract breach and negligence over their $402 million exposure to 13 crisis-era loan bundles.

Expert Analysis

  • Law Firm Margin Improvement: The Long Game

    Jack Diggle

    For all the lessons learned since 2008, it's surprising that margin management remains so tactical, rather than an ongoing strategic endeavor, for law firms. The firms that will survive and thrive must invest in ongoing margin-improvement capability, which will combine enhanced business- and change-management skills and take a long-term view to drive out the more difficult changes, says Jack Diggle of Elevate Services Inc.

  • Talking 'Bull': Episode 13, The Fall

    Roy Futterman

    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 ...

  • 2017 Check-Up: Is Your Law Firm Positioned For Success?

    William G. Johnston

    Over the next few weeks, a slow trickle of news about one measure of law firm success — law firm financial results — will gradually become a flood as more firms open up about their performance in 2016. Law firm leaders would be wise to focus on nine factors that determine success, says law firm management consultant William Johnston.

  • The Missing Key To 3rd-Party Litigation Funding

    Tripp Haston

    Unlike other forms of commerce and unlike in other nations, litigation investment and funding in the U.S. is largely unregulated with few disclosure requirements. Where darkness exists, ignorance and mistrust breed. Disclosure and transparency in litigation investment and funding is the first and proper step to better understand this opaque dynamic in the U.S. civil justice system, says Tripp Haston of Bradley Arant Boult Cummings LLP.

  • Marblegate's Impact On TIA Guarantee Protections

    James H. Millar

    The Second Circuit's opinion in Marblegate does not explicitly address the specific protections that the Trust Indenture Act provides to guarantees. However, one can conclude that Marblegate is consistent with the statutory language, says James Millar of Drinker Biddle & Reath LLP.

  • Employer Guidance As Courts Consider Trump's Travel Ban

    Elizabeth Espín Stern

    Since Jan. 27, many of the initial questions posed by President Donald Trump's recent executive order banning travel to the United States by foreign nationals from seven countries have been answered by administration representatives, but the controversy about the legality of the order continues and is the subject of multiple court actions, say attorneys at Mayer Brown LLP.

  • The Conundrum With Short-Term Rentals In NYC

    David J. Pfeffer

    Apartment vacation rental websites such as Airbnb are on the rise in densely populated and expensive areas, but these services are often illegal in New York City. Both landlords and tenants need to understand the difference between Class A and Class B dwellings, as well as the circumstances under which New Yorkers can rent out apartment space, says David Pfeffer of Tarter Krinsky & Drogin LLP.

  • Inside Northern District Of California's New Patent Rules

    Sruli Yellin

    While the recent revisions to the Northern District of California's influential patent local rules provide for several small tweaks to the rules governing disclosure of infringement contentions and invalidity contentions, the most notable and significant changes impact damages discovery and the disclosure of damages theories and positions, says Sruli Yellin of Fisch Sigler LLP.

  • Strengthening EPA Water Transfers Rule At The 2nd Circ.

    Ronda L. Sandquist

    In Catskill Mountains Chapter of Trout Unlimited v. U.S. Environmental Protection Agency, the Second Circuit issued a highly anticipated ruling confirming the legality of the EPA's water transfers rule. The decision is significant in that it strongly reinforces the legality of the rule and offers additional assurance to water providers that employ or intend to develop water transfers, say attorneys with Brownstein Hyatt Farber Schreck LLP.

  • Sue-per Bowl Shuffle: The Year In NFL IP Litigation — Part 2

    David Kluft

    Although NFL ratings may be down a bit this year, intellectual property lawsuits related to the NFL most certainly are not, says David Kluft of Foley Hoag LLP.