Capital One has agreed to provide a $420 million line of credit to a unit of PennantPark Floating Rate Capital Ltd., a business development firm that mainly invests in U.S. middle market private companies and sometimes participates in equity investments, the companies said on Monday.
The National Rifle Association sued New York Gov. Andrew Cuomo and the state’s top financial regulator on Friday, seeking millions of dollars in damages for what it alleges has been an “overt viewpoint-based discrimination campaign” that is scaring off the gun rights organization’s business partners and threatening its First Amendment rights.
Federal prosecutors told a Manhattan federal judge Friday their investigation into three men at investment adviser Premium Point Investments LP who allegedly inflated asset values by $200 million involved more than a million records that they may need three weeks to turn over.
An energy executive accused of paying $287,000 in bribes to a former top aide to New York Gov. Andrew Cuomo pled guilty to a count of conspiracy Friday, telling a Manhattan federal judge that he lied to his company, Competitive Power Ventures Holdings LLC, about having had clearance to hire the aide's wife.
A government agency in India and a national bank claiming it was defrauded by billionaire Nirav Modi are seeking to postpone the sale of Modi's insolvent U.S. jewelry businesses, citing their apparent connections to the fraud as well as failed efforts to garner substantial interest from bidders.
A New York state judge on Friday said the co-founder of an artisan distillery may ask a jury for up to $11 million in damages after he was allegedly set up and then ousted from a state-of-the-art company that was once hailed as the next big thing in spirits.
The former construction manager of a New York City condo project refuses to scrap or shrink an allegedly inflated roughly $10.2 million mechanic's lien, putting the entire project in jeopardy, the property owner alleged in New York state court on Thursday.
The University of Rochester is the latest higher education institution to be accused of subjecting retirement plan participants to excessive fees, in violation of the Employee Retirement Income Security Act, when a proposed class of plan members sued the school in New York federal court on Friday.
Fiat Chrysler has panned investors’ “eleventh-hour” bid to depose more witnesses and add interrogatories in their suit alleging that the automaker hid the existence of “defeat devices” in vehicles, telling a New York federal judge Thursday they can’t cram that much discovery in before their deadline.
A New York judge said Friday that she wouldn’t issue any orders or appoint a receiver in a $12 million royalties dispute between songwriter Jacob Kasher Hindlin and pop producer Dr. Luke, calling on both sides to continue obeying contracts that Hindlin has sued to invalidate.
A New York lawyer who counseled two women who say they were abused by former New York Attorney General Eric Schneiderman told Law360 on Friday that President Donald Trump's former attorney Michael Cohen knew about the matter as early as 2013 and assured him that year that Trump would "revisit the matter" if Trump were to become governor.
The American Bar Association on Friday released survey data on the nationwide population of lawyers indicating a 10-year trend of moderate year-to-year increases since 2008 that amount to a 15.2 percent increase over the last decade.
Katten Muchin Rosenman LLP, Garfunkel Wild PC, Seyfarth Shaw LLP, Holland & Knight LLP, Dechert LLP, K&L Gates LLP and Polsinelli PC are among the latest firms to have grown their health and life sciences abilities.
Former New York State Assembly Speaker Sheldon Silver was convicted Friday for the second time for reaping what prosecutors say was a quid pro quo in which Silver accepted millions of dollars in illicit referral fees from developers and an asbestos disease doctor and took official action on their behalf.
At the request of government prosecutors, a New York federal judge largely paused a U.S. Securities and Exchange Commission case against two former executives of Och-Ziff Capital Management Group LLC on Friday so that a related criminal case can play out.
John Hancock has reportedly loaned $105 million for a Los Angeles office building, a venture including Capstone Equities is said to have scored a $130 million loan for a recent New York hotel purchase and an AEW Capital venture has reportedly picked up a South Florida development site for $26 million.
A New Jersey federal court has rejected a former Port Authority executive’s bid to travel to Ireland on Monday while he appeals his conviction for reducing local access lanes to the George Washington Bridge in a political revenge scheme.
A Manhattan federal judge sentenced Chinese real estate billionaire Ng Lap Seng to four years in prison Friday for paying $1.3 million in bribes to enlist diplomatic support for his effort to build a massive United Nations convention center in Macau.
Audience measurement companies Nielsen Holdings PLC and comScore Inc. have resolved their lawsuit over comScore's plans to launch a new television viewer measurement service allegedly using data shared by Nielsen with tight usage restrictions, according to a filing in New York federal court Thursday.
A New York federal judge on Wednesday tossed long-running whistleblower litigation alleging Wells Fargo, through banks it acquired, defrauded the Federal Reserve to borrow money at lower interest rates, saying Federal Reserve Banks aren’t covered by the False Claims Act since they’re technically not government agencies.
U.S. Attorney General Jeff Sessions recently made his first move against legal marijuana by reversing the U.S. Justice Department’s policy of not enforcing federal cannabis laws in states that had legalized it. Sessions might be wise to study how a crackdown on contraband rum helped incite the American Revolution and influenced the U.S. Constitution, says Collin Wedel of Sidley Austin LLP.
A majority of states claim that in-state sales are sufficient nexus to collect corporate income tax from businesses physically located across state lines, but income apportionment methods are inconsistent. Companies need to be prepared for the day one state seeks to collect a share of income tax that's already been paid to another, says Glenn Newman of Greenberg Traurig LLP.
Although the lack of racial and gender diversity among the ranks of the majority of both midsized and top law firms is a major issue, it’s past time to shed light on the real problem — inclusion, or lack thereof, says Marlen Whitley of Reed Smith LLP.
It’s difficult to say whether an attorney’s social etiquette has any impact on the verdict outcome, but the fact that jurors continually tell us about counsel’s irksome behaviors suggests that, at the very least, these behaviors distract jurors from the issues on which they should be concentrating, says Christina Marinakis, director of jury research at Litigation Insights.
The current draft of the American Law Institute's Restatement of the Law on Liability Insurance contains a proposed rule on allocation that neither reflects the law as it presently stands nor reflects the flexibility and capacity for development and growth of the common law, say David Cox and Gerald Konkel of Morgan Lewis & Bockius LLP.
Despite the Trump administration's desire to shut down the Legal Services Corp., thankfully the budget that Congress passed and the president signed into law last week has restored $410 million of funding to the legal aid organization. An unlikely brief for preserving LSC may be found in the quirky Denzel Washington film "Roman J. Israel, Esq.," says Kevin Curnin, immediate past president of the Association of Pro Bono Counsel.
Over the last few years, there has been a significant increase in litigation and investigations related to corporate social responsibility issues. Activity has increased not only in the United States at the federal, state and local level, but also in several other countries. Proceedings and investigations have involved many different statutes and theories of liability, say attorneys with Ropes & Gray LLP.
Controversially, the recent 5Pointz litigation has established that graffiti art is protected by the Visual Artists Rights Act, despite its inherent ephemerality. However, ultimately the case might be remembered less for VARA and more for the picture it paints of a city undergoing inevitable gentrification, says Xiyin Tang of Mayer Brown LLP.
On March 27, the New York Court of Appeals issued a unanimous decision in KeySpan v. Munich, rejecting the so-called "unavailability of insurance" exception. This ruling sends a strong message that policyholders cannot hoist upon insurers responsibility for damage taking place outside policy periods, says Scott Seaman of Hinshaw & Culbertson LLP.
The high-profile public corruption prosecution of Joseph Percoco and three co-defendants is a recent example of the government’s reliance on a cooperating witness who was shown to have provided false testimony. The appellate remedies for such perjury are unsatisfying, says Avi Weitzman, a partner at Gibson Dunn & Crutcher LLP and former federal prosecutor.