A New York construction contractor that filed for bankruptcy earlier this month asked a judge on Wednesday to approve a $135 million debtor-in-possession financing the debtor says is critical to keep up work on open projects while it sorts out its finances in court.
Heavy legal traffic lies ahead for Uber as the ride-sharing giant reckons with fallout from a massive hack that exposed personal data of 57 million users worldwide. The $70 billion company is at risk for enforcement actions in the U.S and around the globe for waiting over a year to disclose an October 2016 breach that the company paid hackers $100,000 to keep quiet.
Broadcast Music Inc. asked the Second Circuit on Wednesday to bar Google, Netflix and media industry players from opposing its right to sell partial interests in music in the U.S. Department of Justice’s suit against the performance rights organization, saying their arguments are irrelevant.
A New York federal judge said Tuesday he sees no problem with a magistrate judge’s recommendation denying Arent Fox LLP access to communications between a former client suing the firm for malpractice and that client’s other attorneys.
A former commodities trader and investor in one of Martin Shkreli's hedge funds and pharmaceutical company Retrophin Inc. told jurors Wednesday of how former Katten Muchin attorney Evan Greebel assured him that an allegedly sham deal to pay him off for his investment was aboveboard.
A National Labor Relations Board judge has ruled that a New York chapter of the Communications Workers of America flouted federal labor law when it tried to force Verizon to transfer a worker who refused to participate in a strike.
More than two years after U.S. authorities rocked the world of international soccer by unveiling a global corruption investigation into it, the first trial stemming from the investigation kicked off in a federal court in Brooklyn this month, providing a clearer picture of the alleged corruption, while bringing witness intimidation allegations akin to a mob trial. Here, Law360 looks at three highlights from the first two weeks of the trial.
A Second Circuit panel on Wednesday affirmed a lower court’s dismissal of a proposed class action accusing Sling Media Inc. of adding unwanted advertisements to its Slingbox mobile streaming service, concluding that the consumers did not plausibly allege a deceptive act or practice on Sling’s part.
Perkins Coie LLP has added New York Gov. Andrew Cuomo’s former special counsel for public integrity — who prosecuted securities frauds depicted in the film “The Wolf of Wall Street” — as a partner at the firm’s white collar and investigations practice, according to a statement.
As the work of reforming the federal tax code took a temporary timeout for Thanksgiving, opponents of legislation that would fully or partly eliminate deductions for state and local taxes didn’t let up in their fight, despite increasingly long odds they would succeed in changing lawmakers' minds when they return from their break.
New York Attorney General Eric Schneiderman blasted the Federal Communications Commission in a letter Tuesday, saying the agency has refused to cooperate in an investigation into allegedly false comments on its upcoming net neutrality order.
The National Restaurant Association and its legal affiliate on Tuesday sued New York City to invalidate a statute that would require fast-food businesses to forward voluntary deductions from workers’ paychecks to nonprofits like the “Fight for $15” campaign, saying it tramples on the First Amendment’s protections against compelled speech.
ChinaCast Education Corp. and a private equity firm sitting on a $66 million judgment against the defunct company asked a New York bankruptcy court Tuesday for a second chance at approval of a settlement, which would see them team up to pursue $30 million worth of the debtor’s insurance policies.
Dometic Group has agreed to pay $875 million to buy SeaStar Solutions from American Securities LLC, the companies said Wednesday, adding to the Swedish recreational vehicle company's portfolio a provider of vessel control, fuel systems and system integration to the marine industry.
Family members behind the famous Palm steakhouse in Manhattan said Tuesday in closing trial arguments that they were cheated out of $71 million in intellectual property licensing value by the cousins who built a single trendy outpost into an empire, and certain family members essentially relied on a lack of scrutiny to stick to an extremely low status-quo licensing fee.
A New York federal jury on Tuesday acquitted a former Swiss banker of what prosecutors alleged was a criminal conspiracy to help U.S. taxpayers hide millions of dollars in undeclared income in offshore bank accounts to dodge taxes.
The U.S. Securities and Exchange Commission on Tuesday hit the Long Island town of Oyster Bay and its former top elected official with a securities fraud suit alleging that they concealed from investors the town’s indirect guarantees of more than $20 million in private loans to a local businessman who ran concessions and restaurants at town facilities.
A pain management doctor in Amherst, New York, was arrested on Tuesday and charged with fraudulently obtaining opioids by writing and receiving prescriptions for at least two patients already deceased at the time he prescribed the drugs, according to documents released by the U.S. attorney’s office.
The son of the former leader of Ecuador's national soccer organization told jurors at the FIFA corruption trial on Tuesday about laundering his father's kickbacks from a sports marketing company, and choked up empathizing with other ex-soccer officials who are on trial.
The Ninth Circuit on Monday blocked Massachusetts, California, New York and three other states from intervening in Hawaii’s challenge to the Trump administration’s third travel ban, telling the states to make their case in amici briefs instead.
Incorporating blockchain technology into the energy marketplace poses considerable challenges. Blockchain developers must proceed in the face of regulatory uncertainty, while regulators must address reliability, stability and security concerns. But in the end, it is likely that the opportunities will outweigh the obstacles, says Caroline Stewart of Vinson & Elkins LLP.
The past decade has seen dramatic increases in the purchase prices of luxury residential real estate in New York and Florida as well as in the proportion of properties purchased through shell companies. Law enforcement officials are concerned that foreign criminals may be using the U.S. real estate market to launder dirty money, say attorneys with Stout Risius Ross LLC.
U.S. v. Reza Zarrab, set to start trial this month in the Southern District of New York, is likely to affect the manner in which entities and individuals decide to comply with the Office of Foreign Assets Control's secondary sanctions and represents a critical interpretive question regarding the International Emergency Economic Powers Act, say attorneys with Morgan Lewis & Bockius LLP.
Blockchain technology has expanded far beyond cryptocurrencies and into the energy sphere, enabling peer-to-peer payment and potentially catalyzing distributed energy resources. But full integration of blockchain will require confronting a complex energy regulatory landscape, as well as reliability, security and stability concerns, says Caroline Stewart of Vinson & Elkins LLP.
Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.
Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.
Uber and taxi companies in California, Texas and New York are debating whether Uber's use of words like "safe" and "safety" is misleading and deceptive or mere "puffery." Conflicting rulings from federal courts suggest litigation on this issue will continue, says retired New York State Supreme Court Associate Justice Thomas Dickerson.
A recently approved multimillion-dollar settlement agreement in Acevedo v. BrightView Landscapes, a hybrid collective/class action covering 27 states, illustrates the limitations of fluctuating workweek plans, and potential pitfalls for employers who utilize this payment method, says Jeffrey Cadle of Obermayer Rebmann Maxwell & Hippel LLP.
Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.
Bankruptcy courts have taken divergent approaches to analyzing whether they have jurisdiction to approve nonconsensual third-party nondebtor releases. While the New York bankruptcy court's recent decision in SunEdison provides another data point for the debate, it leaves some questions unanswered, say attorneys with Gibson Dunn & Crutcher LLP.