New York

  • June 12, 2026

    2nd Circ. Backs Bankman-Fried's 25-Year Fraud Conviction

    The Second Circuit on Friday upheld Sam Bankman-Fried's conviction and an $11 billion forfeiture order in an opinion that found the ex-CEO's claims that he could have made FTX customers whole didn't matter in the face of the government's "robust" evidence of his role in the fraud that felled the cryptocurrency exchange.

  • June 12, 2026

    Detroit Tried To Seize Project, Developer Says In Suit

    A development company that sought to revive a 38-acre Detroit hospital campus and transform it into a $148 million commerce and innovation hub has filed a complaint in Michigan bankruptcy court claiming the city of Detroit and the Detroit Land Bank Authority are unlawfully obstructing the project and trying to reclaim the parcel for political reasons.

  • June 12, 2026

    AmTrust, Investors Ink $19M Deal In Restatements Suit

    Two classes of AmTrust investors have inked a $19 million deal with the insurance company in a suit alleging that AmTrust made a series of misstatements about its finances dating back to 2012, which required the insurer to restate its financials and ultimately sank the company's stock.

  • June 12, 2026

    Disability Rights Orgs. Seek To Halt NY, Ill. 'Aid-In-Dying' Laws

    Disability rights organizations hit the governors of New York and Illinois with a pair of federal lawsuits seeking to stop new laws in each state from taking effect that would allow patients with terminal illnesses to seek a doctor's assistance in ending their lives.

  • June 12, 2026

    Real Estate Recap: Deal Innovation, Infra REITs, Compass

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into deal-side innovation, real estate investment trusts for digital infrastructure and New York's scrutiny of the $1.6 billion Compass-Anywhere merger.

  • June 12, 2026

    2nd Circ. Doubts Tax Plea Advice Misled Man On Deportation

    A skeptical Second Circuit judge on Friday told a Connecticut attorney to stop saying his client was "affirmatively misled" while pleading guilty to tax evasion charges, hinting a written plea agreement and verbal warnings from a federal judge were probably sufficient to advise the client he could be deported.

  • June 12, 2026

    NY Appeals Court OKs Officials' Inspections Of Hemp Stores

    A New York intermediate appellate court has reversed a lower court's decision to grant a preliminary injunction that blocked New York City and state authorities from conducting warrantless raids against hemp stores suspected of selling unlicensed cannabis.

  • June 12, 2026

    Jane Street Used Tips To Dodge Losses, Terraform Says

    The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential information to profit from Terraform's collapse, arguing that it is liable as an insider and a tippee.

  • June 12, 2026

    Court Won't Halt NY Pot Licensure In Dormant Commerce Row

    A New York federal judge has rejected a renewed bid from out-of-state cannabis entrepreneurs to halt retail marijuana licensure in the state, saying the challengers could not show that they would be irreparably harmed from licensing going forward.

  • June 12, 2026

    CFTC Secures Trading Ban Against Celsius' Mashinsky

    A New York federal judge Friday signed off on a consent order that would resolve the U.S. Commodity Futures Trading Commission's claims against Alexander Mashinsky, founder and former CEO of the now-defunct Celsius Network, and permanently bar him from trading commodities or running another commodity business.

  • June 12, 2026

    Zoetis Brass Face Derivative Suit Over Pet Meds Statements

    Directors and officers of animal health company Zoetis Inc. have been hit with shareholder derivative claims that they breached their fiduciary duties by concealing that safety warnings about one of its products and increasing competition were hurting the company's bottom line.

  • June 12, 2026

    Insider Trading Defense May Draw On 'Varsity Blues' Playbook

    After enlisting a crew of experienced attorneys, defendants charged in an insider trading case allegedly involving deal information stolen from huge law firms are preparing to use a strategy that could take some cues from the "Varsity Blues" case in the same Boston courthouse.

  • June 12, 2026

    NY Appellate Court Revives Drug Sentence Reduction Bid

    A New York state appeals court has ruled that an incarcerated man should be given a second shot at reducing his drug conviction sentence, finding that even though he was also convicted of murder, the timing of the convictions allows him to request resentencing.

  • June 12, 2026

    NYC Bar Approves 4 Out Of 8 Judicial Primary Hopefuls

    The New York City Bar Association announced on Thursday that it has approved half of the eight candidates running in contested primary elections for the city's civil courts later this month.

  • June 12, 2026

    2nd Circ. Leery Of Amazon Worker's Caregiver Bias Suit

    The Second Circuit appeared skeptical Friday of a former Amazon employee's attempt to revive her suit claiming she was unlawfully denied schedule flexibility to care for her son, questioning whether her suit should have been brought as an accommodation dispute rather than a discrimination suit.

  • June 12, 2026

    Sleep Number Hits Chapter 11 With $415M Sale Offer

    Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.

  • June 12, 2026

    Trader Admits Fib To SEC, Avoids $600M Fraud Trial

    A former California investment executive told a Manhattan federal judge Friday that he lied to the U.S. Securities and Exchange Commission, copping to a lesser count of obstruction after prosecutors initially charged him with a $600 million "cherry-picking" fraud.

  • June 11, 2026

    Ed. Dept. Tries New Tack To Scrap K-12 Mental Health Grants

    The U.S. Department of Education pressed ahead with its plan to end up to a billion dollars in school mental health grants, arguing Wednesday that a Seattle federal judge's December 2025 injunction barring the discontinuation of the grants shouldn't block the government from canceling the contracts outright.

  • June 11, 2026

    OpenAI Says High Court Curbed Some News Org IP Claims

    OpenAI told a New York federal judge Thursday that the U.S. Supreme Court's recent Cox v. Sony decision bars a contributory infringement claim brought by four news companies accusing the artificial intelligence company of using their copyrighted materials to train ChatGPT, saying the high court's ruling eliminates the legal theory on which the plaintiffs rely.

  • June 11, 2026

    NY Sex Criminal Can Fight Atty's Use Of Ex-Boyfriend As Expert

    A man sentenced to 14 years to life in prison for sex crimes against children will have a hearing on his attorney's effectiveness after claiming that she hired an ex-boyfriend as an expert, failing to mention his criminal history and pending professional misconduct charges, a New York appeals court said Thursday.

  • June 11, 2026

    Sports Prediction Co. Wins CFTC OK To Launch Event Market

    Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

  • June 11, 2026

    Ex-Bank Chief Admits Role In Odebrecht Tax Evasion Plot

    The former CEO of Austrian lender Meinl Bank AG on Thursday pled guilty in Brooklyn federal court after a yearslong fight over accusations he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government out of more than $100 million in taxes. 

  • June 11, 2026

    Amazon Didn't Infringe 'The Love Zone' TM With TV Show

    A Manhattan federal judge has dismissed a suit brought by a New York radio personality who hosts a show called "The Love Zone" against Amazon Studios and Paramount over a television episode that featured a fictional radio show of the same name, saying there wasn't a risk that the episode would harm the reputation of the real-life radio show.

  • June 11, 2026

    NY Power Plant Hits Chapter 11 After Nixing Revamp Plans

    Danskammer Energy, a Hudson Valley power plant operator, filed for Chapter 11 bankruptcy in Delaware, nearly two years after it pulled the plug on redevelopment plans that faced legal challenges and community pushback.

  • June 11, 2026

    Hospital Co. Accused Of Misusing Forfeited 401(k) Funds

    A Northwell Health Inc. subsidiary violated federal benefits law by using millions of dollars in forfeited 401(k) funds to offset its contribution obligations and allowing the $1.2 billion plan's recordkeeper to be overpaid, according to a proposed class action in Connecticut federal court.

Expert Analysis

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • Nexstar Offers A Cautionary Tale On State-Level Deal Scrutiny

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    State-enforcement challenges to the $6.2 billion Nexstar-Tegna merger remind legal practitioners that federal approval isn't always sufficient to deliver certainty on closing, integration and timetable assumptions, says Brett Story at Britehorn Securities.

  • Salt-N-Pepa Suit May Shake Up Music Copyright Issue

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    James v. UMG Recordings is a copyright termination rights case that provides an opportunity for the Second Circuit to make concrete choices about grant language, authorship, work-for-hire status and survival of derivative works, says attorney Abdul Abdullahi.

  • How 'Bundling' Enforcement Is Parsing Efficiency, Access

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    Recent antitrust enforcement actions have taken a selective view of companies' bundling of products or services — challenging it when it shuts out rivals, but tolerating it when it creates efficient scale — making the real test now less about lower prices than about whether competition is being blocked, says attorney Alan Kusinitz.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • Mass. Draft Regs Signal Nationwide Scrutiny Of Junk Fees

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    Massachusetts Attorney General Andrea Campbell's new draft regulations for assisted living facilities is only her latest move in the war on junk fees — and part of a national reordering of consumer protection enforcement in which states are aggressively and creatively asserting authority, says Steve Provazza at Arnall Golden.

  • Where The Preemption Fight Over Prediction Markets Stands

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    While the Third Circuit's recent ruling in Kalshi v. Flaherty remains a significant win for the federal government in its quest to regulate prediction markets, the Fourth, Sixth and Ninth Circuits appear more skeptical, indicating that this fight is likely headed for the Supreme Court, says Johnny ElHachem at Holland & Knight.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • 1st Surveillance Pricing Law In Md. Reflects Broader Scrutiny

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    A new law will make Maryland the first state to target data-driven or surveillance-based price manipulation, highlighting increased scrutiny from federal and state enforcement agencies and policymakers as they consider whether new laws are required to regulate dynamic pricing, say attorneys at Pillsbury.

  • Binance Win Shows Constraints On Anti-Terrorism Act Claims

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    The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

  • Understanding The Insider Trading Gap In Prediction Markets

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    While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Ethics And Practicalities Of Representing AI Agents

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    With autonomous artificial intelligence agents now able to take action without explicit instructions from — or the awareness of — their human owners, the bar must confront whether existing frameworks like informed consent and client privilege will be sufficient on the day an AI agent calls seeking counsel, say attorneys at Morrison Cohen.

  • Notable Q1 Updates In Insurance Class Actions

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    Notable insurance class action decisions from the first quarter of the year included reminders about the statute of limitations as a key defense for claims relating to allegedly deficient forms, the importance of focus on the specific contract at issue and further guidance on the contours of Rule 23, says Kevin Zimmerman at BakerHostetler.

  • Surveying The CFTC Campaign To Control Prediction Markets

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    The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

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