A New York federal judge on Wednesday paused a suit from mining companies associated with Israeli billionaire Beny Steinmetz that accuses George Soros of inducing Guinea to ax their iron mining rights, finding that related arbitration between the companies and the African nation should be completed before the federal case can proceed.
A New York federal judge on Wednesday tossed 24 new lawsuits filed in multidistrict litigation over claims that Pfizer Inc. and Bristol-Myers Squibb Co. didn’t warn people about risks associated with the blood thinner Eliquis, finding that the claims are preempted by federal law.
A New York federal judge dismissed a Freedom of Information Act suit Tuesday, brought by the former general counsel of Comverse Technology Inc. who was seeking documents related to his 2006 guilty plea in a stock options “backdating” scheme, saying his claims the government may have improperly pursued his case didn't outweigh witnesses' privacy.
Members of a family trust sued by the Madoff trustee alleged in a federal suit filed Wednesday in New York that their attorney swindled them and other clients by representing Madoff victims with competing interests and lying about the trustee's willingness to settle.
A coalition of attorneys general from states including Massachusetts, California and New York on Tuesday voiced support for an effort by their counterpart in Pennsylvania to block regulations recently announced by the Trump administration dialing back the Affordable Care Act’s contraception mandate by allowing employers to claim religious or moral objections.
A New York federal judge ordered a design firm on Tuesday to give a former worker's bias complaints to another ex-worker who alleges she was sexually harassed into quitting, rejecting the company’s argument that a confidential settlement in the prior suit blocks the workers’ shared attorney from getting the documents.
DLA Piper urged the Second Circuit on Tuesday to uphold the dismissal of a suit holding it liable for the services it provided to a Cayman Islands investment manager who supposedly siphoned more than $36 million from his own now-bankrupt company, saying the lower courts correctly applied the right jurisdiction’s law.
Reza Zarrab told a Manhattan jury Wednesday that he initially was deemed too famous to work with a Turkish bank in its effort to launder billions of dollars of Iran oil profits, but the gold trader-turned-government witness said he solved that problem by sending massive bribes to a high-ranking Turkish politician.
The nation’s securities watchdog asked a New York federal judge on Tuesday not to dismiss its civil fraud claims against a former Nomura trader acquitted earlier this year on related criminal charges of exploiting counterparty opacity to inflate Nomura’s take.
The company behind the popular Motorino pizzerias in New York City and abroad was hit with a wage-and-hour suit Tuesday in federal court by former delivery drivers who claim they had been tasked with performing tip-exempt duties such as washing dishes and mopping floors, even though they weren’t paid minimum wages.
A Blackstone lending arm has reportedly loaned roughly $650 million for a New York condo tower project, Centennial Bank is said to have loaned $17.66 million for a Florida hotel project, and Siren Studios has reportedly sold its Los Angeles office and retail campus for about $60 million.
The U.S. Securities and Exchange Commission told a Manhattan federal judge on Tuesday that a former Linklaters LLP associate’s husband, who acknowledged using corporate secrets entrusted to his wife to make profitable stock trades, has agreed not to fight the civil suit against him.
New York-based KKR & Co. LP has clinched a $1.45 billion investment vehicle that will focus on health care businesses based in the Americas, according to a Wednesday statement from the private equity giant.
NBC News has fired longtime "Today" show co-anchor Matt Lauer after receiving a complaint about his “inappropriate sexual behavior in the workplace” on Monday, the network said Wednesday morning.
Avaya Inc. cleared a path to financial recovery on Tuesday after a New York bankruptcy judge approved the company's Chapter 11 debt restructuring plan, putting the troubled telecom giant in position to emerge from bankruptcy by the end of the year.
A New York federal judge on Tuesday sentenced a former Cargill Inc. accounting manager to five years in prison for stealing $3.1 million from the agricultural giant through a scheme that also cost the company $25 million in losses, according to the U.S. attorney’s office.
U.S. District Judge Jed S. Rakoff has ordered arbitration between Uber Technologies Inc. and its ex-CEO and a customer in a class action over the alleged fixing of ride prices by the company, enforcing an online consumer arbitration agreement he once referred to as “legal fiction.”
One of the name partners of Cellino & Barnes PC, who is fending off an attempt by the other to dissolve the Buffalo, New York-based personal injury law firm known for its catchy jingle, accused his partner of threatening in an expletive-laden rant to “burn the place to the ground.”
Prosecutors in the trial of ex-Katten Muchin attorney Evan Greebel blanketed the jury Tuesday with email exchanges with his notorious former client Martin Shkreli discussing numerous settlement agreements that prosecutors say were wrongly used to pay off deceived investors in Shkreli’s hedge funds with assets of Retrophin Inc.
A former psychiatry professor at the New York University School of Medicine was charged on Tuesday with embezzling tens of thousands in school funds and research grants to visit and entertain a ballet dancer friend.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
The New York Supreme Court's decision in National v. TransCanada last month held that coverage under an "all-risks" policy extended to losses resulting from a precipitating cause that occurred prior to the policy period. This case underscores that the specific wording of an insurance policy can be outcome-determinative, say Jan Larson and Alexander Bandza of Jenner & Block LLP.
New legislation aimed at closing the pay gap between men and women may undo business practices that, even if benevolently motivated, result in disparate pay. Despite this laudable objective, these laws create a litany of challenges for employers and may necessitate a wholesale revision of policies and practices related to employee compensation, says Charles Thompson of Polsinelli.
Critics of legal tech companies will often say, “Trust a reputable attorney that understands you, your situation and the law.” As an attorney, I wholeheartedly agree. But from the consumer’s perspective, the message seems out of touch with the digital age, says Jeff Unger, founder of the law firm eMinutes.
Recent guidance from the New York City Commission on Human Rights clarifies several aspects of the city's new salary history law that takes effect this month, including its application in the context of corporate acquisitions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
In a largely unheralded development, New York state recently authorized state courts to seal nonviolent criminal convictions that are more than 10 years old. The statute, one of the most expansive record-sealing provisions in the nation, represents an abrupt and dramatic about-face for New York, says attorney David Gourevitch.
A proposed $19.1 million deal to settle wage-related class claims affecting up to 28,800 employees of TGI Friday's was big news. Big news, that is, until a New York federal court quickly sent the parties back to the drawing board. The proposed settlement and the court’s reaction to it point up a number of hot spots in wage and hour suits, says David Miller of Bryant Miller Olive.
I'm not saying the charges filed last month against 10 individuals in a college basketball corruption scheme are legally flawed — not all of them, anyway. But I do question whether bringing multiple felony charges on these facts is sound exercise of prosecutorial discretion, says Randall Eliason, a former federal prosecutor.
Powers of attorney offer lenders rights in connection with a fund’s ability to call capital contributions from investors. Drafted properly, POAs can provide a lender with the ability to take immediate action after a triggering event, such as an event of default, say attorneys with Mayer Brown LLP.
Financial Crisis Anniversary
State attorneys general have worked with the Consumer Financial Protection Bureau, other federal agencies and each other to take on issues deemed to be the fallout of the financial crisis that started 10 years ago. But unlike the CFPB, the jurisdiction of which is limited, the AGs have assumed a wider reach, say former Maryland Attorney General Douglas Gansler and Michelle Rogers of Buckley Sandler LLP.