New York

  • March 23, 2017

    Dean Foods Chairman Feared His Wife Was Wired By Feds

    The defense in the insider trading trial of prominent gambler Billy Walters in a New York federal court hammered the government’s star witness on his lies and swindle, little and large, and reveled in revealing former Dean Foods chairman Tom Davis took his wife to a cemetery and asked her whether she was wearing a wire.

  • March 23, 2017

    Wal-Mart Bribe Plaintiff Sees Hope In Another's Evidence

    A Wal-Mart investor whose securities fraud suit against the retailer over bribery at its Mexican unit asked a New York federal judge on Thursday to allow him to file a fourth complaint, saying sealed evidence in a similar case included contents described in a brief that could save his class action.

  • March 23, 2017

    High Court Shouldn’t Delay Water Rule Suit, 7 States Say

    New York, six other states and Washington, D.C., have asked the U.S. Supreme Court not to pause an appeal of the Sixth Circuit’s decision that it has jurisdiction to hear challenges to the so-called Waters of the United States rule, arguing that despite President Donald Trump’s executive order to revise or rescind the measure, the case should proceed through the courts.

  • March 23, 2017

    Real Estate Rumors: Blumberg, Lightstone, Restoration

    Blumberg & Freilich Equities has reportedly bought a Chicago apartment building for $23.5 million, Lightstone is said to have scored $85.3 million for a New York project, and Restoration Hardware is in talks to lease an entire Miami building.

  • March 23, 2017

    Dewey Finance Staffer Says She Cooked The Books

    A former Dewey & LeBoeuf LLP finance department staffer told a Manhattan jury Thursday she improperly reversed accounting entries on the law firm’s books and lied to partners and others who questioned the suspect treatments.

  • March 23, 2017

    Court Says Netflix Must Pay Jones Day Rates In Dispute

    A New York bankruptcy judge on Wednesday ordered Netflix to pay an $800,000 legal bill for Relativity Media arising from a dispute over Netflix's efforts to stream two Relativity movies before they hit theaters, and also rebuked the streaming pioneer for its tactics regarding the bills for Jones Day fees.

  • March 23, 2017

    Seneca Say $115M Slot Share With NY State Will Be The Last

    The president of the Seneca Nation on Thursday said that the federally recognized tribe will no longer make payments of about $115 million a year to the state of New York under their tribal-state gambling compact, saying that the 2002 deal clearly called for an end to the payments after 14 years.

  • March 23, 2017

    Principal Life Loans $85M For Manhattan Building

    Principal Life Insurance Co. has provided $85 million in financing to Ormonde Equities LLC for an apartment building on Broadway in Manhattan, according to records made public Wednesday in New York.

  • March 23, 2017

    Cadwalader Guides Morgan Stanley's $205M NYC Loan

    Cadwalader Wickersham & Taft represented Morgan Stanley Mortgage Capital Holdings LLC in connection with its $205 million loan to an entity affiliated with real estate investor Savanna for an office building on William Street in Manhattan, according to records made public in New York on Wednesday.

  • March 23, 2017

    Deals Rumor Mill: Credit Suisse, Pret A Manger, Shell

    Credit Suisse may sell more than $3 billion worth of stock in its Swiss business, private equity-backed sandwich chain Pret A Manger is readying for a New York IPO, and Royal Dutch Shell is in discussions to sell its last remaining asset in California.

  • March 23, 2017

    Fired NY Post Sports Columnist Drops Suit Over Trump Tweet

    A former sports columnist for the New York Post who said he was wrongfully fired for a personal tweet he sent comparing President Donald Trump's inauguration to Pearl Harbor and 9/11 has dropped his suit in New York State Supreme Court, after the paper moved to toss the allegations.

  • March 23, 2017

    2nd Circ. Looks Ready To Close Book On Newkirk And Maxim

    The Second Circuit looked ready Thursday to move on from former Bryan Cave LLP transactional attorney Harvey Newkirk's quest to exonerate himself after a jury convicted him of helping a client defraud lenders of $8 million as part of a failed ploy to acquire Maxim magazine.

  • March 23, 2017

    NYC Celeb Chefs Settle Trademark Beef Over 'Landmark'

    Celebrity chef Marc Murphy, the owner of upscale Manhattan restaurant Landmarc, has reached a settlement to drop a trademark lawsuit over plans for an eatery named “Landmark” at the nearby site of the old Four Seasons restaurant.

  • March 23, 2017

    Photographers Fight Fees After Contract Loss To AP, NFL

    Photographers whose claims against The Associated Press, the NFL and Replay Photos over royalties from their pictures were dismissed by a New York federal judge asked the court not to grant the attorneys' fee requests put forth by the defendants, arguing Wednesday that their case wasn’t objectively unreasonable.

  • March 23, 2017

    Drivers Say GM Can't Exclude Valukas Report Facts In Trials

    Drivers in multidistrict litigation over GM’s alleged ignition switch defect slammed the automaker's bid to exclude from upcoming trials a set of admissions made to the National Highway Traffic Safety Administration and the key investigatory “Valukas report,” saying Wednesday that such a move would break with prior rulings and that the evidence is critically relevant.

  • March 23, 2017

    LNG Supplier Says Tribunal Ignored Nothing In Contract Row

    A Trinidadian liquefied natural gas supplier told a New York federal judge Tuesday that it prevailed in arbitration with a Spanish customer fair and square, blasting the customer's assertions of an improper burden of proof imposed by the international tribunal and pushing for award confirmation.

  • March 23, 2017

    MF Global, PwC Settle $2B Malpractice Claim

    MF Global and PricewaterhouseCoopers have settled a $2 billion professional malpractice case in New York federal court to the "mutual satisfaction of the parties," the litigants said Thursday.

  • March 22, 2017

    Exxon Ordered To Turn Over Execs' Climate Change Docs

    The New York judge overseeing a climate change-related probe of Exxon Mobil Corp. on Wednesday ordered the oil giant to produce documents from top executives to the New York attorney general by the end of the month, and directed further talks about recovering missing emails from an alias account of its recently departed CEO, Secretary of State Rex Tillerson.

  • March 22, 2017

    NY Data Breaches Soared To Record Levels In 2016, AG Says

    Fueled by hacks and employee negligence, reports of data security breaches impacting New York state residents jumped by 60 percent to hit an all-time high in 2016, with businesses disclosing nearly 1,300 incidents that compromised 1.6 million residents’ financial and other personal data, the state’s attorney general said Tuesday.

  • March 22, 2017

    Rodale Settles Copyright Row With Dad Who Streamed Birth

    Publishing giant Rodale Inc. has struck a confidential settlement with a California man who filed copyright infringement claims after the company used video footage he inadvertently posted on Facebook of his son’s birth, according to a filing in New York federal court Wednesday.

Expert Analysis

  • Madden Creates More Uncertainty For Marketplace Lenders

    Joseph Cioffi

    The Second Circuit's 2015 decision in Madden v. Midland Funding created significant risk for marketplace lenders that rely on a partner bank origination model to avoid state usury caps. Now, a district court decision in the case has seemingly added another layer of uncertainty, say Joseph Cioffi and Massimo Giugliano of Davis & Gilbert LLP.

  • 10 Tips For Better Legal Negotiations

    Marc J. Siegel

    Like everything else, the art of negotiation starts by having a conversation. It’s about being respectful, finding common ground, knowing what you want and, most importantly, listening. A conversation between two lawyers can be complicated at best, but by employing a few techniques and tactics, it doesn’t have to be that way, says Marc Siegel of Siegel & Dolan Ltd.

  • How A Tweet With No Words Could Impact NY Labor Law

    Laurent S. Drogin

    When now-former New York Post writer Bart Hubbuch sued his former employer for firing him over a tweet last month, he roused Section 201-d of the New York Labor Law from its slumber. Few employers are likely aware this law exists and it remains to be seen whether media attention from this case will motivate attorneys who represent employees to add the law to their toolbox, says Laurent Drogin of Tarter Krinsky & Drogin LLP.

  • Monthly Column

    Gray Matters: Decision Error

    Gray Matters

    Lawyers make hundreds of decisions during the course of advising a client, consummating a transaction or litigating a case. In this new column, dispute resolution experts Bob Creo and Selina Shultz explore the theory, science and practical aspects of how decisions are made in the legal community.

  • New NY Cybersecurity Regs Will Have National Reach

    Romaine Marshall

    Given the national reach of the New York Department of Financial Services, the impact of New York's new cybersecurity regulations for the financial services sector will be felt far beyond the state of New York. The new rules may drive similar changes to other state and federal information protection laws, becoming the baseline standard for the industry, say Romaine Marshall and Matt Sorensen of Holland & Hart LLP.

  • Law Schools And Law Firms: Seeking Common Ground

    Randy Gordon

    What we don’t know is whether the teaching and practice of law are undergoing massive structural changes or we’re still digging out from the worst economic collapse since the Depression. But what we do know is that the missions of the most forward-looking law schools and law firms are converging in ways that were unimaginable 10 years ago, says Randy Gordon, a partner at Gardere Wynne Sewell LLP and executive professor of law at Te... (continued)

  • NY Life Settlement And Cybersecurity Compliance

    Theodore P. Augustinos

    Attorneys with Locke Lord LLP explain the New York Department of Financial Service's new cybersecurity regulations and discuss the immediate actions that life settlement providers and brokers should take in order to comply.

  • NY Cybersecurity Regulations Will Affect Health Care Sector

    Tracy E. Miller

    New York state's new cybersecurity regulations are far more prescriptive than preceding regulatory schemes, including the security requirements of the Health Insurance Portability and Accountability Act. Health care providers will face significant new obligations, says Tracy Miller, co-leader of Bond Schoeneck & King PLLC's cybersecurity and data privacy practice.

  • Not From Around Here? Trying A Case As An Out-Of-Towner

    William Oxley

    The importance of authenticity is magnified when trying a case outside your home jurisdiction. While using references to local landmarks or history can help make arguments relatable, adopting local expressions or style in an attempt to ingratiate oneself with the judge and jury almost always backfires, say William Oxley and Meghan Rohling Kelly of Dechert LLP.

  • DOJ Brief Opposing CFPB Brings More Uncertainty

    Ashley Taylor

    What will be most disappointing to Republicans and President Trump, and which is entirely possible given the issues the D.C. Circuit requested to be briefed, is an outcome which avoids the constitutional issues raised in PHH Corp. v. Consumer Financial Protection Bureau and decides the case on the basis of the statutory provisions of the Real Estate Settlement Procedures Act, say attorneys at Troutman Sanders LLP.