New York

  • September 11, 2026

    Wilson Sonsini, Davis Polk Steer $1.9B Vehicle Auction Deal

    Copart Inc. has agreed to acquire ACV Auctions Inc. for about $1.9 billion, expanding the online vehicle auction operator into dealer-to-dealer wholesale remarketing, with Wilson Sonsini Goodrich & Rosati PC advising Copart and Davis Polk & Wardwell LLP representing ACV. 

  • September 11, 2026

    Social Media-Focused Fund Founder Bilked Clients, Feds Say

    A New York City hedge fund manager lulled clients into keeping millions of dollars invested with his social media- and crowdsourcing-focused business by reporting high rates of return that were not real, federal prosecutors charged Friday.

  • September 10, 2026

    Huawei Ripped Off Amazon Cloud Platform IP, Jury Hears

    A former engineer for a U.S. subsidiary of Huawei on Thursday testified that she was shocked and upset after a colleague boasted of co-opting patented code used in Amazon's cloud computing platform, the first of several Huawei employees that are expected to take the stand in the Chinese telecommunications company's RICO trial in New York federal court. 

  • September 10, 2026

    JPMorgan Aided Ex-Atty Kossoff's $18.5M Theft, Trustee Says

    The Chapter 7 trustee representing bankrupt firm Kossoff PLLC on Wednesday sued JPMorgan Chase Bank NA, claiming the bank helped the firm's principal steal at least $18.5 million from clients, and it "should be made to account."

  • September 10, 2026

    Bankman-Fried Asks Justices To Review His Fraud Conviction

    Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.

  • September 10, 2026

    24 States Ink Deal With Feds In AmeriCorps Budget Cuts Case

    Two dozen states and the District of Columbia have reached a settlement with the Trump administration to stop the federal government from abruptly slashing funding for the national volunteer agency AmeriCorps in the future, the coalition of states announced Thursday.

  • September 10, 2026

    Feds' Cut To NY Funding In CDL Fight Justified, 2nd Circ. Told

    The Trump administration has told the Second Circuit that it's well within its rights to penalize New York by withholding $74 million in highway funds over the state's failure to revoke commercial driver's licenses that were issued to ineligible foreign drivers.

  • September 10, 2026

    Nielsen Tells 2nd Circ. Court Altered Terms Of Cumulus Order

    Nielsen is headed back to the Second Circuit after a New York federal court changed the terms of a preliminary injunction that the appellate court had already upheld, the company said, requiring Nielsen to not only unbundle its national radio ratings data from its local offerings but also to provide that data on specific terms.

  • September 10, 2026

    BitConnect Promoter To Pay $1.9M In SEC Settlement

    A cryptocurrency promoter was ordered by a New York federal judge to pay over $1.9 million to end claims from the U.S. Securities and Exchange Commission that he recruited investors into a $2 billion unregistered cryptocurrency lending program, marking the end of litigation launched in 2021.

  • September 10, 2026

    Jay-Z Can't Undo Buzbee's Win In Rapper's Defamation Suit

    A California state appeals court has refused to revive claims that Texas attorney Tony Buzbee defamed and extorted music superstar Jay-Z by roping him into a sexual abuse suit against Sean "Diddy" Combs, saying the case was properly thrown out under California's free speech statute.

  • September 10, 2026

    Citizens Says SoFi's Poaching 'Decimated' Conn. Mortgage Biz

    Citizens Bank is suing SoFi Bank in Connecticut federal court, alleging its rival poached Citizens Bank employees, stole its trade secrets and "decimated Citizens' mortgage business" in Connecticut. 

  • September 10, 2026

    States Press Court To Block DOT's CDL Data Request

    A Virginia federal judge on Thursday questioned the Trump administration's claim that the Federal Motor Carrier Safety Administration's chief counsel wasn't speaking for the agency itself when she told a nationwide commercial driver database operator to either hand over millions of driver files or see its federal funding slashed.

  • September 10, 2026

    Eminent Domain Atty Joins Greenberg Traurig In NY

    Greenberg Traurig LLP has expanded its real estate practice with the addition of an eminent domain-focused shareholder in the firm's New York City and Long Island offices from Duane Morris LLP, according to the firm.

  • September 10, 2026

    Gig Cos.' Suit Over NYC Tip Law Paused For 2nd Circ. Review

    A New York federal judge has paused a suit by DoorDash and Uber challenging New York City's delivery tipping laws, putting the case on hold while the Second Circuit considers the companies' First Amendment appeal.

  • September 10, 2026

    1st Circ. Keeps USPS Ballot Mail Rule Blocked For Midterms

    The First Circuit on Thursday rejected a request from the U.S. Postal Service to lift a Massachusetts federal judge's order blocking new mail ballot requirements that the appellate court said would create "chaos and widespread disenfranchisement" just weeks before the November midterm elections.

  • September 10, 2026

    Reed Smith Continues Private Capital Growth With Two Hires

    Reed Smith LLP announced two new hires to its private capital team on Wednesday as the firm continues rapidly expanding the platform.

  • September 10, 2026

    Cognizant Knocks Out Fired Worker's $8.4M Retaliation Win

    A New York federal judge granted Cognizant Technology Solutions Corp. a new trial in a lawsuit by an employee who said he was fired for reporting what he alleged was pro-Indian hiring bias, finding that keeping an $8.4 million verdict would be a "miscarriage of justice."

  • September 10, 2026

    Proskauer Hires Former Cahill Gordon Finance Team

    Proskauer Rose LLP announced Wednesday that it has hired a team of New York attorneys who most recently worked for Cahill Gordon & Reindel LLP, touting their experience serving clients in the leveraged finance market.

  • September 09, 2026

    Feds' NY RICO Case Against Huawei Packs A Punch, Jury Told

    The Brooklyn federal jury in the landmark corporate criminal trial of Huawei on Wednesday heard a prosecutor say they'll have an insider's view of the company's vast criminal operations that relied on stolen trade secrets to grow and kept banks in the dark about its sanctions compliance, while a top executive's deal with the government will seal the fate of the Chinese telecommunications giant.

  • September 09, 2026

    21 States Want Changes To Endangered Species Act Blocked

    California, Massachusetts, Washington and 18 other states on Wednesday filed a pair of suits challenging the Trump administration's recent changes to how the Endangered Species Act is implemented, claiming that the rules drastically weaken safeguards for the most vulnerable species and were rolled out unlawfully.

  • September 09, 2026

    Ringleader Pleads Guilty In $245M Crypto RICO Enterprise

    The 22-year-old ringleader of an international conspiracy that used social engineering to steal more than $245 million in cryptocurrency has pled guilty in D.C. federal court for his role in building "a cybercrime empire," the U.S. Department of Justice said.

  • September 09, 2026

    Klarna Wants Out Of Investor Action Over Loan Risks

    Payments company Klarna Group PLC has asked a New York federal court to dismiss it from an investor suit accusing it of damaging shareholders by failing to disclose losses associated with its "buy now, pay later" loans ahead of its 2025 initial public offering, saying its projections were neither inaccurate nor misleading.

  • September 09, 2026

    States Say DOT's Driver Data Demand Is Immigration Pretext

    The Democratic-led states asking a Virginia federal judge to stop the Trump administration from accessing the Social Security numbers of commercial drivers nationwide for immigration enforcement backed up their request for an injunction Wednesday, saying the federal government is using post hoc rationalizations to defend its data demands.

  • September 09, 2026

    2nd Circ. Says FDIC Need Not File Claim To Save SVB Setoff

    The Federal Deposit Insurance Corp. is not required to file a claim in the bankruptcy case of Silicon Valley Bank's former parent to preserve its defensive setoff rights, the Second Circuit found Wednesday, delivering another blow to the company in its legal battle with the regulator.

  • September 09, 2026

    Two Men Cop To Bribing Ex-NYC Buildings Commissioner

    Two men on Wednesday pled guilty to bribing former New York City Buildings Commissioner Eric Ulrich just weeks before the longtime city official is slated to stand trial in New York state court.

Expert Analysis

  • Why Nuclear Licensees Must Watch 2nd Circ.'s Holtec Review

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    In reviewing a New York federal court's preemption ruling concerning disposal of nuclear materials, the Second Circuit must confront the lower court's recognition of a purpose-based path to field preemption, which could be game-changing for nuclear material licensees, says Andrew Averbach at Womble Bond.

  • Opinion

    Attys Should Aid Clients' AI Use While Safeguarding Privilege

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    Until legislatures enact laws expressly extending privilege to artificial intelligence queries, lawyers should try to shield their clients' case-related use of AI tools by offering them dedicated access on firms' enterprise accounts and utilizing a long-standing privilege precedent, says Joseph Rillotta at Meadows Collier.

  • NY's Tax On 2nd Homes Compounds Residency Tax Risks

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    New York’s recently enacted surcharge on high-value second homes reflects a nationwide legislative trend of using the residency tax framework more aggressively, which brings new considerations for business owners who maintain a residence while asserting domicile elsewhere, says Mark Parthemer at Glenmede.

  • Recent Actions Signal Increased NYDFS Health Cyber Focus

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    The New York Department of Financial Services' recent $2.25 million settlement with Delta Dental indicates that it views cybersecurity enforcement in the healthcare and insurance sectors as an ongoing priority, and serves as a road map for the compliance gaps regulators are most likely to target, say attorneys at Crowell & Moring.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • FERC Order May Alter PJM's Framework, Spur $1B In Refunds

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    A recent order from the Federal Energy Regulatory Commission stands to reform how grid operator PJM Interconnection assigns transmission upgrade costs, with potentially sweeping implications for transmission owners, merchant transmission facilities and load-serving entities, including an estimated $1 billion in refunds and surcharges, say attorneys at Husch Blackwell.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • 6th Circ. Ruling Broadest So Far In Wave Of Habeas Decisions

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    The Sixth Circuit’s recent opinion in Lopez-Campos v. Raycraft provides the most developed structural reasoning among rulings in a widening circuit split over mandatory detention after undocumented entry into the U.S., and supplies immigration practitioners a template for due process arguments in favor of habeas relief, says Kemal Hepsen at Mandamus Lawyers.

  • And Now A Word From The Panel: An MDL Realignment

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    With seven multidistrict litigation proceedings initiated so far this year, a review of venue locations suggests a shift away from the East Coast, a seeming reversal of last year's swing in that direction, says Alan Rothman at Sidley.

  • Tax Teams Get No Bright-Line Rule From AI Privilege Cases

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    Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis.

  • 2nd Circ.'s Cantero Redo Complicates Mortgage Escrow Issue

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    The Second Circuit's recent decision in Cantero v. Bank of America reflects the absence of definitiveness in mortgage escrow preemption jurisprudence, leaving lenders to navigate conflicting state rules and pricing challenges amid a deepening circuit split, say attorneys at Sullivan & Cromwell.

  • Looking Beyond Calif. Climate Laws As NY Bills Advance

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    California's climate disclosure legislation has made emissions and risk reporting a practical reality — and now that New York is working on its own climate disclosure bills, companies must confront a future in which compliance systems will need to be ready for multiple states' reporting regimes, says Thierry Montoya at FBT Gibbons.

  • DOJ Activity Indicates Rising Antitrust Risk For Hospitals

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    Two civil actions filed by the U.S. Department of Justice against New York-Presbyterian Hospital and OhioHealth, both alleging that the hospital systems used their market power to stifle competition, highlight the government's growing scrutiny of barriers to lower-cost insurance options, say attorneys at Freshfields.

  • 5 Rules In 10 Weeks: Inside Genius Act's Implementation Blitz

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    Regulators have proposed five Genius Act rules in a striking span of 10 weeks, building a stablecoin framework that, with the Office of the Comptroller of the Currency at its operational center, will shape oversight and force issuers, banks and fintechs to take action as deadlines approach, say attorneys at Cahill.

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

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