New York

  • February 17, 2017

    Auditor Reviewed Dewey's London Tax Docs, Jury Hears

    A defense attorney for ex-Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders on Friday questioned the firm's former overseas finance director’s assertion that certain accounting maneuvers Sanders had pursued were improper, showing a New York jury evidence that outside auditors had reviewed the transactions.

  • February 17, 2017

    Iranian-Linked NY Property Issue To Go To Jury

    A jury should decide whether the majority owner of a tower in Manhattan knew its business partner was controlled by the Iranian government after 1995, a New York federal judge ruled Thursday, punting one of the issues that will decide whether the owner must compensate terrorism victims.

  • February 17, 2017

    Dentists Say Small Supplier Joined Price-Fixing Conspiracy

    A potential class of dentists on Friday shot back against arguments from a dental supplies company that it was too small to join three large suppliers in a nationwide price-fixing conspiracy, arguing in New York federal court that the allegations against the smaller company are the “core of the overarching conspiracy.”

  • February 17, 2017

    White & Case Nabs Troutman Sanders Litigation Partner

    Global law firm White & Case LLP has hired as partner a trial lawyer from Troutman Sanders LLP who specializes in representing public and private equity firms in complex commercial litigation and intellectual property disputes, according to White & Case.

  • February 17, 2017

    Ex-JPMorgan Banker Gets 3 Years For Leaking Tips To Dad

    A former investment banker for JPMorgan Chase & Co. and Perella Weinberg Partners convicted of insider trading after he was accused of leaking confidential information about health care company mergers to his father was sentenced to three years in prison on Friday.

  • February 17, 2017

    Real Estate Rumors: Citizens Bank, Peloton, Opus 3 Artists

    Citizens Bank has reportedly loaned $65 million for a mall project near Des Moines, Iowa; Peloton Land Solutions is said to have leased 11,000 square feet in Fort Worth, Texas; and Yo-Yo Ma's agent Opus 3 Artists has reportedly extended its lease on Park Avenue in New York.

  • February 17, 2017

    LNG Co. Says Tribunal Made Supply Row Impossible To Win

    A Spanish liquefied natural gas company pushed a New York federal court Friday to scrap an arbitration ruling absolving its Trinidadian supplier of breaching a 20-year contract, arguing the international tribunal imposed an unfair burden of proof upon it during the proceedings.

  • February 17, 2017

    LA's Mark Geragos Preps NY Pension Whiz For $2B Bribe Trial

    Celebrity lawyer Mark Geragos parachuted into Manhattan federal court Friday to defend former New York pension strategist Navnoor Kang against charges that he took bribes to steer $2 billion of investment dollars toward a former Sterne Agee managing director, as U.S. District Judge J. Paul Oetken set a December trial date.

  • February 17, 2017

    PE CEO In Fraud Case Wants 'Bad Faith' Warrants Suppressed

    Scandal-plagued private equity CEO Benjamin Wey asked a New York federal judge Friday to suppress the fruits of two search warrants in a securities fraud and money laundering case, saying the warrants were defective and after the government seized more than it should have, it impermissibly searched electronic data years later.

  • February 17, 2017

    Austrian Co. Can't Exit GM Suit Over $1.5B Loan

    A New York bankruptcy judge on Thursday told an Austrian company it can’t use jurisdictional arguments to escape a lawsuit trying to recover transfers to hundreds of General Motors’ former bank lenders related to a $1.5 billion term loan.

  • February 17, 2017

    Applebee's Franchisee Tries Again To Escape Arbitration Suit

    An Applebee's franchisee has again asked a Florida federal court to throw out a case brought against it by the U.S. Equal Employment Opportunity Commission, saying Thursday the arbitration agreement it has required employees to sign does not restrict their rights to pursue discrimination claims.

  • February 17, 2017

    Kimberly-Clark Wants Investor Suit Over Gowns Tossed

    A short stock drop that occurred after the airing of an episode of "60 Minutes" that delved into a two-year old lawsuit against Kimberly-Clark Corp. over the effectiveness of its gowns during the 2014 Ebola virus breakout can’t serve as the backbone of a securities fraud suit, the company told a New York federal court Thursday.

  • February 17, 2017

    NY AG, Regulator Spar Over Cuomo's Banking Fraud Plan

    New York Gov. Andrew Cuomo’s proposal to expand the Department of Financial Services’ powers against financial fraud sparked a war of words this week, with Attorney General Eric Schneiderman calling the proposal a "wholly unnecessary overreach by the executive," while the department’s superintendent labeled the objections as “petty concerns over turf.”

  • February 17, 2017

    Seyfarth Nabs Labor, Employment Atty From Littler Mendelson

    Seyfarth Shaw has picked up an experienced labor lawyer from Littler Mendelson PC to help grow the firm’s labor and employment practice in New York, the firm announced on Thursday.

  • February 17, 2017

    Exxon, Shell Defend Docs Request In $1.8B Award Row

    Subsidiaries of Exxon Mobil Corp. and Royal Dutch Shell PLC pushed further for access to a Nigerian state-owned oil company’s documents Thursday, telling a New York federal judge they are key to confirming a $1.8 billion arbitral award over a production sharing contract.

  • February 17, 2017

    Mass., NY AGs Subpoenaed Again Over Exxon Climate Probes

    The chairman of the House Science Committee on Thursday reissued subpoenas to Massachusetts Attorney General Maura Healey and New York Attorney General Eric Schneiderman over their climate change probes of Exxon Mobil Corp., orders that the prosecutors vowed to defy.

  • February 17, 2017

    SunEdison's Unsecured Creditors Grilled Over Fraud Suit

    SunEdison's unsecured creditors were challenged in New York bankruptcy court Thursday over the durability of their allegations that the energy giant’s secured lenders benefited from hundreds of millions of dollars in fraudulent transfers used to mask the company’s deteriorating finances, finding themselves forced to defend a lack of specific details.

  • February 17, 2017

    16 AGs Urge Court To Keep Trump Immigration Ban Blocked

    A coalition of 16 state attorneys general led by Massachusetts and Illinois weighed in Thursday in support of New York’s suit challenging President Donald Trump’s ban on immigration from seven majority-Muslim countries as unconstitutional, urging the federal court to extend an injunction preventing the administration from implementing the ban.

  • February 17, 2017

    Freddie Mac, FDIC Lose Bid For Redo In Libor Rigging Fight

    A New York federal judge refused Thursday to reconsider her dismissal of allegations by Freddie Mac, the Federal Deposit Insurance Corp. and Principal Financial Group Inc. regarding a conspiracy by big banks to rig the London interbank offered rate, saying U.S.-based accusations were dismissed in 2015.

  • February 17, 2017

    Noted Patent Lawyer On Verge Of Default In SEC Ponzi Case

    A Texas lawyer once referred to by Wired Magazine as the "world's most innovative patent troll" appeared on the verge Friday of defaulting out of a U.S. Securities and Exchange Commission suit alleging he and another lawyer schemed to pilfer $6 million from small businesses' escrow accounts.

Expert Analysis

  • Debating Anti-Rebate And Inducement Laws In Washington

    Shawn Hanson

    Last month, the Washington state Senate introduced a bill that would amend its anti-rebate and inducement laws to allow insurers to offer free goods and services. Supporters argue that Washington is the only state in the country to force consumers to pay for technology that is free everywhere else, while opponents have expressed concern for fair competition, say Shawn Hanson and Crystal Roberts of Akin Gump Strauss Hauer & Feld LLP.

  • Trump’s Enviro Law Impact May Not Be What Many Anticipate

    Lester Sotsky

    Many posit a material decline in environmental enforcement and a retrenchment or reversal of environmental regulatory initiatives in the new Trump administration. We expect three concrete areas where activism and activity will be on the rise during this time, targeting a variety of environmental, public health and liability issues of considerable potential consequences, say Lester Sotsky and Andy Wang of Arnold & Porter Kaye Scholer LLP.

  • Google Warrant Case Vs. Microsoft Warrant Case

    Philip J. Bezanson

    The Pennsylvania federal court's recent Google decision may give companies emboldened by the Second Circuit's Microsoft decision pause in deciding whether to resist compliance with what they view as overly broad requests for customer data. However, the different results in the cases may serve as useful guidance for securing data abroad, say Philip Bezanson and Laura Prebeck Hang of Bracewell LLP.

  • In Retrospect

    Relearning The Lessons Of Korematsu's Case

    Randy Maniloff

    Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.

  • Health Republic's Curious Liquidation: Part 8

    James Veach

    Although Health Republic's liquidation is a matter of considerable public interest, the process has been far from transparent. Last fall, the National Association of Insurance Commissioners' discussion of consumer operated and oriented plans was closed to the public, in potential violation of the NAIC's policy statement on open meetings, says James Veach of Mound Cotton Wollan & Greengrass LLP.

  • How A General Counsel Should Think About AI: Part 2

    Bruce J. Heiman

    General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • Health Republic's Curious Liquidation: Part 7

    James Veach

    In the seventh part of this series on Health Republic's liquidation process, James Veach of Mound Cotton Wollan & Greengrass LLP summarizes his recent attempt to appear as a friend of the court overseeing the liquidation.

  • Talking 'Bull': Episode 14, It's Classified

    Roy Futterman

    In this weekly column, real-life New York City jury consultant and psychologist Roy Futterman parses fact from fiction in "Bull," the new TV series airing on CBS about a fictional NYC jury consultant/psychologist. Spoiler alert ...

  • How A General Counsel Should Think About AI: Part 1

    Bruce J. Heiman

    Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • When And Where Punitive Damages Are Insurable: Part 1

    Rory Eric Jurman

    When insured parties are ordered to pay punitive damages, they often want to know whether those punitive damages are covered and whether they were insurable in the first place. In the first half of this two-part article, Rory Jurman of Fowler White Burnett PA looks at how courts in Florida treat this issue, compared to courts around the country.