We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

New York

  • May 14, 2018

    Capital One Provides $420M Credit Line To PennantPark Unit

    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.

  • May 11, 2018

    NRA Sues Cuomo, NY Regulator For 'Discrimination Campaign'

    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.

  • May 11, 2018

    Feds Hint At Massive Discovery In $200M Asset Inflation Row

    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.

  • May 11, 2018

    Exec Admits To Lying About Job For Ex-Cuomo Aide's Wife

    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.

  • May 11, 2018

    Sale Delay Sought In Ch. 11 Tied To Alleged Indian Fraudster

    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.

  • May 11, 2018

    Distillery Co-Founder's $11M Suit Over Firing Headed To Trial

    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. 

  • May 11, 2018

    NY Condo Owner Says Ex-Manager Won't Reduce $10M Lien

    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.

  • May 11, 2018

    U Of Rochester Accused Of Excessive Retirement Plan Fees

    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.

  • May 11, 2018

    Fiat Chrysler Looks To Bar Depositions In Stock Drop Suit

    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.

  • May 11, 2018

    NY Judge Won't Wade Into $12M Pop Song Royalty Row

    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.

  • May 11, 2018

    Cohen Knew Of Schneiderman Abuse Claims In '13, Atty Says

    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.

  • May 11, 2018

    ABA Data Shows 15% Rise In Attorneys Over Last Decade

    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.

  • May 11, 2018

    Health Hires: Katten, Seyfarth, Holland, Dechert, K&L Gates

    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.

  • May 11, 2018

    Ex-NY Assembly Speaker Convicted After 2nd Graft Trial

    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.

  • May 11, 2018

    SEC's Och-Ziff Suit Put On Hold For Criminal Case

    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.

  • May 11, 2018

    Real Estate Rumors: John Hancock, Capstone Equities, AEW

    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.

  • May 11, 2018

    GWB Scandal Figure Loses Bid For Ireland Trip Amid Appeal

    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.

  • May 11, 2018

    Chinese Real Estate Magnate Gets 4 Years For UN Bribes

    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.

  • May 11, 2018

    Nielsen, ComScore Resolve Contract Row Over Data Sharing

    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.

  • May 10, 2018

    Long-Running FCA Suit Against Wells Fargo Tossed

    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.

Expert Analysis

  • Opinion

    Rum, Cannabis And The 4th Amendment: A History Lesson

    Collin Wedel

    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.

  • Single Factor Income Apportionment: Inconsistent Standard

    Glenn Newman

    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.

  • Opinion

    BigLaw Doesn't Have A Diversity Problem

    Marlen Whitley

    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.

  • The Importance Of Attorney Etiquette In The Courtroom

    Christina Marinakis

    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.

  • ALI Restatement Misstates Law On Long-Tail Harm Claims

    David Cox

    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.

  • Opinion

    Roman J. Israel, Esquire, Meet Donald J. Trump, POTUS

    Kevin Curnin

    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.

  • Keys To Corporate Social Responsibility Compliance: Part 4

    Michael Littenberg

    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.

  • 5Pointz Ruling Explores 'Moral Rights' Copyright Damages

    Xiyin Tang

    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.

  • NY Slams Door On 'Unavailability Of Insurance' Exception

     Scott Seaman

    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.

  • Percoco Highlights Pre-Verdict Remedies For False Testimony

    Avi Weitzman

    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.