A computer engineer from an unnamed global financial services firm was charged with stealing proprietary algorithms for trading models from his employer, said acting U.S. Attorney for the Southern District of New York Joon H. Kim on Friday.
The majority owner of a French restaurant in New York City filed suit against the other owners Thursday in state court, alleging that the co-owners breached their duty of loyalty, wasted company assets and engineered a scheme to drive him out of the business.
Three foreign investors accused Kramer Levin Naftalis & Frankel LLP in a New York federal court complaint Wednesday of drafting a “coercive and likely illegal” agreement that scammed them into surrendering control of stock worth up to $10 million.
An immigration attorney was charged in New York federal court Tuesday with allegedly forging documents in support of applications for nonimmigrant visas that are designated for artists and others said to have “extraordinary ability” in various fields.
Lenders to MGT Capital Investments Inc. who say they helped it transform from a technology backwater to an investment vehicle helmed by antivirus pioneer John McAfee sued in New York federal court Tuesday, seeking $47 million they are purportedly owed for convertible notes that were not honored.
Swiss Reinsurance Co. Ltd. says it's out more than $80 million in tax liabilities that General Electric Co. was obligated to cover from the 2006 sale of GE's reinsurance business but has yet to reimburse, according to a lawsuit filed Monday in New York state court.
A now-shuttered New York restaurant company slapped Ruth’s Chris Steakhouse with a $25 million lawsuit in state court Friday, alleging that the national chain and its agents had charged the company such “absurd” amounts of money for chilled water and air conditioning that it couldn’t survive.
The AstraZeneca subsidiary MedImmune ripped off the government by teaming up with a specialty pharmacy to aggressively pursue sensitive patient information and increase sales of the infant lung drug Synagis, the New York attorney general told a federal court in the state Friday.
Two Fox News accounting employees accused the company of looking the other way as its longtime controller regularly mocked minority workers with racially charged statements and retaliated against them after they refused to settle pending litigation, according to a lawsuit filed Tuesday in New York state court.
Metro Newspaper Advertising Services Inc., a company that places advertisements in newspapers, filed for Chapter 11 protection in New York on Monday, blaming its financial woes on the loss of three key clients and the downturn in the print media industry.
Tempur Sealy International Inc. investors launched class allegations in Manhattan federal court Friday that the mattress manufacturer misled shareholders before its relationship with the largest U.S. mattress retailer dissolved.
A Columbia University law professor sued the Ivy League school in New York state court for age discrimination Thursday, alleging he was removed from a course he was teaching in a move to force his retirement by threatening his tenure status.
Sanum Investments Ltd. continues to try and enforce a $200 million award issued by a Singapore tribunal against Laotian companies accused of pushing it out of a casino venture, with a New York state lawsuit Thursday arguing the win must be confirmed.
The developer of a Major League Baseball-branded website providing instructional content for youth baseball players, coaches and parents accused the league in New York state court on Wednesday of using confidential information to create a competing website with another partner.
Failed National Bank of Anguilla and a Caribbean financial regulator were sued Monday by a bank subsidiary for allegedly raiding $175 million from the unit's private deposits to prop up NBA before its bankruptcy, then illegally transferring the money to Bank of America NA.
A man who claims he was denied service at a New York City bar for wearing a red “Make America Great Again” hat popularized during President Donald Trump’s campaign sued the establishment in New York court Friday, saying he was discriminated against based on his accessory.
A New York-based bank alleged in a securities suit Friday that notes issued by Brazil’s second-largest construction company took a drastic dive in value once reports of bribery connected to state-owned Petrobras surfaced.
Jimi Hendrix’s brother and adopted sister are butting heads in court again, according to a complaint filed in New York federal court Thursday in which the Hendrix estate, run by sister Janie, is accusing brother Leon of infringing estate trademarks with Jimi-branded marijuana edibles and other goods.
The union representing the Port Authority of New York and New Jersey's police has sued the agency, alleging its employment dispute panel made a decision that jeopardizes the agency’s obligation to collectively bargain with the cops.
A New York state pickup truck owner hit Ford Motor Co. with a putative class action alleging its F-150 pickup trucks aren’t as “Ford Tough” as commercials claim, saying the vehicles’ doors fail to latch closed and lock in below-freezing temperatures.
Because so little information has been provided to the public, it's hard to know if the New York Department of Financial Services missed an opportunity to compromise and resolve issues surrounding the risk corridor and reinsurance programs during the Obama administration, says James Veach of Mound Cotton Wollan & Greengrass LLP in his continued analysis of Health Republic's mysterious liquidation process.
Companies still grapple with the bounds of their obligations and how to evaluate possible accommodations under the Americans with Disabilities Act. But a recent Second Circuit opinion provides helpful reminders regarding various aspects of compliance, say Roland Juarez and Lindsay Velarde of Hunton & Williams LLP.
Regardless of where we live and practice, regardless of whether trade deals succeed or fail, and regardless of whether the movement of people or capital is easy or difficult, our clients will still have needs or problems far away from home, says John Koski, global chief legal officer at Dentons.
Rather than rule on whether a New York statute restricting credit card surcharges violates the First Amendment, the U.S. Supreme Court in Expressions Hair Design v. Schneiderman remanded the matter to the Second Circuit. Nevertheless, the court’s decision has the potential for broader impact and has already affected cases challenging surcharge laws in other states, say attorneys with K&L Gates LLP.
James Veach of Mound Cotton Wollan & Greengrass LLP continues his discussion of Health Republic's complicated liquidation process. In this part, he assesses New York Department of Financial Services Superintendent Maria Vullo's written response and testimony, finding that she failed to acknowledge several key facts about how Health Republic's money is being spent.
If Time Magazine is correct in that being a lawyer is one of the five worst high-paying jobs, it may be time for the legal profession to pull one from the playbook of musicians and professional athletes and seek to enter a state of “flow,” says Jennifer Gibbs of Zelle LLP.
James Veach of Mound Cotton Wollan & Greengrass LLP continues his discussion of Health Republic's complicated liquidation process. This article investigates the question of whether or not Superintendent Maria Vullo missed an opportunity to settle Health Republic's account with the New York Department of Health and Human Services before the Obama administration left office.
While a New York federal court recently acknowledged that certain factors supported class and collective treatment of the plaintiffs’ claims in Scott v. Chipotle Mexican Grill, a number of factors impacting employees' daily activities rendered certification of the plaintiffs’ state and federal wage and hour claims inappropriate, says Adriana Kosovych of Epstein Becker & Green PC.
For the second time in five years, the U.S. Supreme Court has granted review from the Second Circuit to consider the scope of the Alien Tort Statute. Jesner v. Arab Bank could have a significant impact on the burgeoning field of corporate social responsibility-related litigation, say attorneys with Ropes & Gray LLP.
Recent settlements reached between three health app developers and New York Attorney General Eric Schneiderman underscore the intense regulatory interest in the digital health arena. They also add to the growing concerns health app developers should consider when developing products, say attorneys with Pepper Hamilton LLP.