New York

  • July 02, 2020

    Union Says CUNY Axed 2,800 Profs After Taking Virus Relief

    The City University of New York illegally laid off thousands of adjunct faculty members despite getting over $251 million in federal funds to protect against the coronavirus pandemic's economic fallout, according to a lawsuit filed by a union representing the university's professional staff.

  • July 02, 2020

    Angelo Gordon Raises $1.5B For European RE Fund

    New York-based investment firm Angelo Gordon & Co. LP said Thursday that its latest real estate fund raised $1.5 billion that will be used to target all types of property in the U.K., the Nordic countries and Western Europe.

  • July 02, 2020

    Epstein Ex Ghislaine Maxwell Charged With Sex Crimes

    British socialite Ghislaine Maxwell has been charged with conspiring with deceased financier Jeffrey Epstein to entice minors to travel to engage in illegal sex acts, according to an indictment made public Thursday by the Manhattan U.S. attorney's office.

  • July 01, 2020

    Novartis To Pay $729M To End 2 FCA Kickback Accusations

    Novartis Pharmaceuticals Corp. has agreed to pay more than $729 million to end two separate sets of allegations from the U.S. Department of Justice that it violated the False Claims Act through companywide kickback schemes to pump up prescriptions, the agency said Wednesday.

  • July 01, 2020

    Simon & Schuster Beats Bid To Block Mary Trump Tell-All

    Simon & Schuster can move forward with publishing the purportedly damning tell-all book penned by President Donald Trump's niece, a New York appellate court ruled Wednesday, partially reversing a lower court's temporary restraining order issued one day earlier.

  • July 01, 2020

    NY Court Cops Sue Over Inadequate COVID-19 Protections

    The union representing more than 1,500 New York state court officers hit Chief Judge Janet DiFiore and the Office of Court Administration with a putative class action in federal court for allegedly not providing enough protective measures against COVID-19 and threatening to discipline the union's president for raising the issue.

  • July 01, 2020

    SEC Says Broker Can't Attack Its Investigation In Bribe Trial

    The U.S. Securities and Exchange Commission asked a Manhattan federal court to keep an analyst's upcoming bribery trial limited to his alleged cover-up of an $11,000 ski trip, saying the court should block an anticipated defense centered on the SEC's investigation and the misdeeds of co-conspirators.

  • July 01, 2020

    Former Obama Deputy WH Counsel Joins Latham in NYC

    Latham & Watkins LLP has tapped former deputy White House counsel and MacAndrews & Forbes deputy general counsel Michael Bosworth to join its New York office as a partner in the litigation and trial department and a member of the white collar defense & investigations practice, the firm said Wednesday.

  • July 01, 2020

    Shearman & Sterling Wants IT Manager's Age Bias Suit Booted

    Shearman & Sterling LLP urged a judge Wednesday to throw out an age bias case brought by a former IT manager who said the firm fired him amid COVID-19 belt-tightening, arguing the worker had no business suing in Manhattan federal court.

  • July 01, 2020

    Judge May Allow Suit Over 'Troubling' McClatchy Debt Rework

    The New York bankruptcy judge overseeing newspaper chain McClatchy Co.'s bankruptcy said he would decide by the end of the week whether to give unsecured creditors permission to sue over what he called "troubling" aspects of a 2018 debt restructuring.

  • July 01, 2020

    Feds Drop Bail Fight For Attys Accused In Molotov Attack

    The U.S. Attorney's Office for the Eastern District of New York has relented for now in its crusade to have two attorneys jailed without bail while they face charges of carrying out a Molotov cocktail attack on a New York City Police Department vehicle during recent protests over police brutality.

  • July 01, 2020

    Cybersecurity Co. Accused Of Misleading Investors In IPO

    Israeli cybersecurity software company Tufin overstated its business prospects in North America in the lead-up to its $108 million initial public offering, teeing up a drop in its stock price when the company underperformed, an investor told a New York state court Wednesday.

  • July 01, 2020

    Roche Cyrulnik, Selendy & Gay To Co-Lead TRON ICO Suit

    Roche Cyrulnik Freedman LLP and Selendy & Gay PLLC will work together to represent a proposed class of investors in a suit in Manhattan federal court alleging blockchain software developer TRON Foundation and two of its co-founders made more than $70 million selling unregistered securities.

  • July 01, 2020

    Ex-Hollywood Exec Denies Pocketing $14M To Pay For Estate

    The former chief of a film company that distributed movies including "Kidnap" with Halle Berry on Wednesday denied charges in Manhattan that he embezzled $14 million of BlackRock investment dollars and used it to pay for his Beverly Hills, California, estate.

  • July 01, 2020

    NY Court Tosses $1.1M Med Mal Verdict In Sinus Surgery Suit

    A New York appellate court on Wednesday vacated a $1.1 million verdict in a suit accusing an ear, nose and throat doctor of botching a woman's sinus surgery and causing her to lose her sense of smell and suffer other injuries, saying there was a lack of relevant evidence.

  • July 01, 2020

    Real Estate Rumors: Northridge Project, All Year, Amazon

    A developer is reportedly hoping to build 51 apartment units in Northridge, California, All Year Management reportedly has a new deal to sell 68 New York apartment buildings for $302 million, and Amazon is said to be eyeing a new 1 million-square-foot development project in South Florida.

  • July 01, 2020

    Out-Of-Town Firms Keep Eye On NY Growth, Despite Virus

    Once the epicenter of the coronavirus pandemic, New York, as the world's leading financial center, has continued to draw the eye of out-of-town and national firms, several of which picked up local talent in recent weeks.

  • July 01, 2020

    Skadden-Led SPAC Prices $125M IPO To Fund Biotech Buy

    Special purpose acquisition company Panacea Acquisition Corp. debuted in public markets Wednesday after completing a $125 million initial public offering intended to fund a biotechnology acquisition, guided by Skadden Arps Slate Meagher & Flom LLP and underwriters counsel Greenberg Traurig LLP.

  • July 01, 2020

    Canadian Pharma Co. Wants Investors' Stock-Drop Suit Nixed

    A Canadian pharmaceutical company asked a New York federal judge Tuesday to toss a proposed stock-drop class action that alleges the company misled shareholders about the likelihood of a drug gaining approval from the U.S. Food and Drug Administration, saying the company was transparent about the process.

  • July 01, 2020

    Innogy Delaying Wind Project To Avoid Paying $70M, Suit Says

    The seller of a wind farm project has told a New York federal court a former Innogy SE unit is purposely holding up the progress of the venture to avoid coughing up a nearly $70 million payment it owes upon completion of the project.

  • July 01, 2020

    Kirkland-Guided KKR Pays $260M For Industrial Properties

    Represented by Kirkland & Ellis, KKR said Wednesday it paid $260 million for two industrial distribution properties totaling about 2.5 million square feet located in the Midwest and the South.

  • June 30, 2020

    Weinstein To Pay $19M To End Accusers' Class Action

    Hollywood producer and convicted rapist Harvey Weinstein, along with some of his companies and associates, has agreed to pay nearly $19 million to end a putative class action alleging that he sexually harassed and abused dozens of women, the women said Tuesday in New York federal court.

  • June 30, 2020

    'Shitty Media Men' List Creator Can't Ditch Defamation Suit

    A New York federal judge on Tuesday refused to dismiss a defamation lawsuit against the creator of a "Shitty Media Men" list that documented sexual misconduct accusations, ruling that a writer named on the list wasn't a public figure whose ability to sue for libel was restricted.

  • June 30, 2020

    2nd Circ. Frees Attorneys Accused Of Molotov Attack

    The Second Circuit on Tuesday freed a pair of attorneys accused of torching a New York Police Department car during recent protests sparked by the death of George Floyd at the hands of the Minneapolis police, finding no clear error in the lower courts.

  • June 30, 2020

    Legal Teams Vie To Lead COVID Test Supply Stock Drop Suit

    Four legal teams are competing to represent a proposed class of investors in Manhattan federal court suit accusing health care analytics company SCWorx Corp. of securities fraud after the firm landed on a list of public companies subject to U.S. Securities and Exchange Commission trading suspensions linked to claims about combating coronavirus.

Expert Analysis

  • The Law Behind The Strange Departure Of US Atty Berman

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    In the wake of this weekend's confusing, contradicting statements regarding the removal of Geoffrey Berman as U.S. attorney for the Southern District of New York, it is useful to ask what law governs here, why the standoff with Attorney General William Barr ended the way it did, and what history teaches us about these circumstances, says Daniel Levy at McKool Smith.

  • M&A Ruling Shows Importance Of Informing Target Boards

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    In Morrison v. Berry, the Delaware Chancery Court's recent dismissal of stockholder claims that advisers aided and abetted a merger target board’s fiduciary breach is a reminder that financial advisers, law firms and M&A buyers should ensure a target board is fully informed, say attorneys at Cleary.

  • 11 Keys To Success At Remote Mediation

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    Attorneys should accept that remote mediation may be their only current option for resolving a dispute and take steps to obtain a fantastic outcome for their clients, including making sure the right people attend the remote mediation and beginning the session with an apology, says Eric Meyer at FisherBroyles.

  • Opinion

    Fed. Courts Are Best Regulator Of Securities Class Actions

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    A recent working paper's position that the U.S. Securities and Exchange Commission is better suited than the federal judiciary to evaluate the statistical threshold on securities class actions contesting market efficiency, price impact and loss causation, would severely inhibit the delivery of justice, says Nessim Mezrahi at SAR.

  • Rebuttal

    NJ Talc Ruling Is Unlikely To Affect NY's Stance On Daubert

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    A recent Law360 guest article mistakenly argues that a New Jersey federal court's decision in the Johnson & Johnson Talcum Powder litigation will lead New York to adopt the Daubert standard on expert opinion admissibility, and misconstrues both states' views on Daubert, says Adam Slater at Mazie Slater.

  • Opinion

    9th Circ. Unequal Class Cert. Appeal Treatment Is Problematic

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    The Ninth Circuit should stop applying more deference to class certification grants than denials, a practice that favors plaintiffs and risks undermining class members' constitutional rights, say attorneys at Gibson Dunn.

  • What Employers Should Know About Return-To-Work Surveys

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    Jen Rubin at Mintz discusses the risks and benefits of using surveys to gauge employee feelings about COVID-19 safety when returning to the workplace, and shares best practices for responding to the information collected.

  • Property Coverage For Riot-Related Claims Is Not Automatic

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    Property damage claims related to recent civil unrest are not categorically covered, but require careful consideration of insurance policy language, claim-specific facts under controlling law and any applicable exclusions, such as vacancy, insurrection or terrorism laws, that may preclude or limit coverage, say attorneys at Hinshaw & Culbertson.

  • Applying Frustration Of Purpose To NY Commercial Leases

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    Whether commercial tenants struggling with rent obligations due to COVID-19 can successfully invoke the frustration of purpose doctrine in New York courts will depend on three key factors that have been historically difficult to satisfy, say Matthew Schenker and Sam Goodstein at Fox Rothschild.

  • Pandemic Could Bring Student Exodus From Legal Profession

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    A recent survey shows that law and prelaw students have serious concerns about the quality and value of remotely provided legal education, and rapid action from the legal community is necessary to prevent promising young people from leaving in favor of other professions, says Mehran Ebadolahi at TestMax.

  • NY Ruling Highlights Elasticity Of Good Faith And Fair Dealing

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    The recent New York state appeals court decision in Shatz v. Chertok illustrates that the good faith and fair dealing doctrine — despite its seeming role as a last resort in commercial claims — can survive a motion to dismiss due to its flexibility, says Edmund O'Toole at Venable.

  • The Privilege Implications Of Using Online Collaboration Tools

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    While few courts have addressed the attorney-client privilege or work-product doctrine in the context of online collaboration tools, existing case law supports five best practices as organizations increasingly use these tools in the COVID-19 era, say Christopher Campbell and Marcus Sandifer at DLA Piper.

  • Opinion

    MDL Decisions Demonstrate The Need For Rule 702 Reform

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    An analysis of 27 recent cases shows that multidistrict litigation courts frequently fail to screen out unreliable expert opinion testimony — making it imperative that the Advisory Committee on Evidence Rules enact amendments to address this problem, say attorneys at Phillips Lytle and King & Spalding.

  • 2nd Circ. Rulings Clarify FSIA's Commercial Activity Exception

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    Two recent decisions from the Second Circuit — Pablo Star v. Welsh Government and Barnet v. Hellenic Ministry of Culture and Sports — help to further define the Foreign Sovereign Immunities Act's commercial activity exception by focusing analysis on the foreign state’s objective policy action, says Joshua Bolian at Robbins Russell.

  • Trends In State COVID-19 Liability Waivers For Care Centers

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    A review of several states' COVID-19 liability waivers for long-term care facilities reveals overarching trends in their scope of protection, as well as some important differences, say attorneys at Foley & Lardner.

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