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New York

  • October 15, 2018

    Deutsche Traders Knew Libor-Rigging Was Illicit, Jury Told

    Prosecutors on Monday began their final pitch to jurors in the Libor-rigging trial of former Deutsche Bank traders Matthew Connolly and Gavin Black, saying trial evidence proves the pair abused the German lender’s position to cash in by gaming the benchmark interest rate.

  • October 15, 2018

    Nine West Creditors Ask To Sue Sycamore For LBO Losses

    The unsecured creditors of Nine West Holdings Inc. on Saturday asked a New York bankruptcy court for permission to file more than $1 billion in claims against company owner Sycamore Partners for allegedly stripping the company’s assets and sending it into Chapter 11.

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t. (This article is part of a series examining the gender gap among high court advocates.)

  • October 15, 2018

    Ailing Lobster Poacher Asks 2nd Circ. For New Sentence

    An ailing English lobster poacher who was sentenced to 11 extra months in prison for allegedly hiding assets to avoid restitution urged the Second Circuit on Monday to have him resentenced, saying the new punishment is too harsh.

  • October 15, 2018

    Sears Authorized To Tap DIP Loan In 1st Day Of Ch. 11

    Sears Holdings Corp. accomplished an early set of goals Monday shortly after announcing it had filed for bankruptcy to reshape its physical footprint and reduce a debt load of more than $11 billion, receiving court permission to access $300 million in new financing from its existing lenders.

  • October 15, 2018

    2nd Circ. Seems Skeptical Of Tilton Bid For D&O Insurance

    A Second Circuit panel didn’t seem convinced by businesswoman Lynn Tilton's company that Axis Insurance Co. should be made to cover up to $5 million in legal fees incurred during a Securities and Exchange Commission investigation, expressing skepticism at how Patriarch Partners LLC interpreted its directors and officers insurance policy.

  • October 15, 2018

    Real Estate Rumors: Midtown Capital, McSam, City National

    Midtown Capital Partners has reportedly bought a Florida retail center for $78.2 million, McSam Hotel Group is said to have landed $76 million in financing for a New York project, and City National Bank of Florida has more than doubled its footprint at a Miami tower.

  • October 15, 2018

    2nd Circ. Denies Indian Citizen's Political Asylum Claim

    The Second Circuit on Friday sided with the Board of Immigration Appeals' dismissal of an Indian citizen's asylum application, noting that while the man claimed he feared retaliation for his father's role in a Sikh opposition party critical of the government, he had participated in its political events.

  • October 15, 2018

    Schulte Roth Guides Veritas Capital In Learning Biz Buy

    New York-based private equity firm Veritas Capital said Monday that it has agreed to acquire Cambium Learning Group Inc. in a deal guided by Schulte Roth & Zabel LLP and Lowenstein Sandler LLP that values the educational technology solutions company at $685.2 million.

  • October 15, 2018

    Fla. Asset Manager Denies Propping Up Fake Hedge Fund

    A Miami-based asset manager denied charges Monday in New York federal court that he handed a $2 million investment from an Alabama couple to a hedge fund he knew to be peddling false promises and ultimately kept most of their money for himself.

  • October 15, 2018

    Burt's Bees Hit With Accessibility Suit Over Website

    Burt's Bees' website can't be interpreted by screen-reading software used by the visually impaired, according to a discrimination suit filed in New York federal court accusing the skincare company of keeping the blind from purchasing products offered for sale online.

  • October 15, 2018

    Sheeran, Accusers Spar Over Meaning Of 'Stairway' Ruling

    Weeks after the Ninth Circuit revived a copyright lawsuit over Led Zeppelin’s "Stairway to Heaven," Ed Sheeran is battling with the heirs of a late songwriter over what the ruling means for their separate case over Marvin Gaye’s iconic "Let's Get It On."

  • October 15, 2018

    DPW Holdings Helps Nab $85M Loan For Tribeca Hotel

    California-based DPW Holdings Inc. on Monday said an unnamed group it invests in has scored an $85 million loan for the construction of a 96-room luxury hotel in New York City's Tribeca neighborhood.

  • October 15, 2018

    Historic NYC Ice Cream Parlor Served With Wage Suit

    A popular New York City ice cream parlor that first opened in 1897 got hit Monday in federal court with a wage-and-overtime suit under the Fair Labor Standards Act and state law by two ex-servers who claim the eatery didn't pay them minimum and overtime wages, among other claims.

  • October 15, 2018

    New Trial Boutique Eschews Billable Hours, Partner Track

    Thirteen litigators have left McKool Smith to form Reichman Jorgensen LLP, a new trial boutique with offices in New York, Silicon Valley and Atlanta, leaving behind not only their previous law firm but also the billable hour as the new firm operates solely on an alternative fee basis, the firm announced Monday. 

  • October 15, 2018

    MoFo Adds Capital Markets Partner From Jones Day

    Morrison & Foerster LLP has added an attorney from Jones Day with more than 17 years of experience in capital markets and mergers and acquisitions as a partner in its New York office.

  • October 15, 2018

    Pulling Up Stakes: Dechert, Orrick, Munger Tolles

    In our latest roundup of deal makers on the move, Dechert LLP scores a capital markets and corporate finance pro, Orrick Herrington & Sutcliffe LLP adds two new private equity partners in London, and Munger Tolles & Olson LLP brings back a corporate attorney after his more than two years away from the firm.

  • October 15, 2018

    Nigerian Oil Co. Execs Must Talk In $1.8B Award Row

    A New York federal judge has told a Nigerian state-owned oil company that three of its employees must sit for depositions planned by Exxon Mobil and Shell subsidiaries for their suit seeking to enforce a $1.8 billion arbitration award against the company.

  • October 15, 2018

    NYC Real Estate Week In Review

    Kelley Drye & Warren LLP, Gibson Dunn & Crutcher LLP and Fried Frank Harris Shriver & Jacobson LLP were among more than half a dozen law firms that helped out with the largest New York City deals for which deeds were filed last week, a group of transactions that spanned four boroughs.

  • October 15, 2018

    Macquarie Executives Hit With Stock-Drop Suit

    Macquarie Infrastructure Corp. executives misled investors by failing to disclose that the company relied heavily on the demand for an oil product put at risk by industrywide changes, according to a derivative suit filed in New York federal court on Friday.

Expert Analysis

  • Market Evidence Will Likely Be Key In Sears Bankruptcy

    J.B. Heaton

    The Sears bankruptcy was filed early Monday, but the company's insolvency has been in plain view in the form of financial market evidence for a very long time. This case presents a prime example of the role such evidence can play for companies, their insiders, and outside advisers and auditors, says J.B. Heaton of the University of Chicago Law School.

  • State Tax Codes Can Help Mitigate Poverty

    Misha Hill

    There are several tools at the disposal of state policymakers — particularly within their state tax codes — to help alleviate some of the financial pressure families face when living at or near the poverty level, say Aidan Davis and Misha Hill of the Institute on Taxation and Economic Policy.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Do VPNs Spell Market Manipulation For Crypto Exchanges?

    Richard Malish

    Virtual private networks are a critical tool for privacy-minded cryptocurrency traders, but based on the New York attorney general's recent findings that VPNs may permit market manipulation, it would not be surprising if cryptocurrency exchanges are soon asked to explain their VPN access policies, says Richard Malish of NICE Actimize.

  • Daesang V. NutraSweet Reaffirms NY's Pro-Arbitration Attitude

    Stephen Younger

    The reversal last month by New York's appellate division in Daesang v. NutraSweet is an important decision for the state's courts because it helps reaffirm New York's role as a preferred venue for international arbitration, say Stephen Younger and Michael Farinacci of Patterson Belknap Webb & Tyler LLP.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • More Automation Means Less Busy Work For Legal Teams

    Rebecca Yoder

    Legal departments have been slow to adopt artificial intelligence and automation solutions for the sort of mundane tasks attorneys dread. But such tools can make legal teams more efficient and accurate, allowing members to focus on big-picture challenges and mission-critical strategies, says Rebecca Yoder of Docusign Inc.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • NJ Order Gives Offshore Wind A Firmer Footing

    H. David Gold

    Earlier this year, New Jersey Gov. Phil Murphy signed legislation strengthening the state's offshore wind power goals. Last month, his administration issued the largest offshore wind energy solicitation of any state to date, giving the industry a strong foundation in New Jersey, say attorneys at WilmerHale.

  • SDNY Decision Could Inject Uncertainty Into 363 Sales

    Steven Wilamowsky

    The Southern District of New York's recent ruling in Cooper could pare back some of the protections to which asset buyers in bankruptcy cases generally have been entitled under Section 363(m) of the Bankruptcy Code, say Steven Wilamowsky and Laura Appleby of Chapman and Cutler LLP.