A Lithuanian national told a Manhattan federal judge Wednesday that he helped trick Facebook and Google into sending $122 million of payments to overseas banks, entering a guilty plea and agreeing to forfeit nearly $50 million.
The Second Circuit has upheld the guilty plea of a former attorney and local Democratic leader in New York to a nearly $1.4 million tax evasion scheme, rejecting his claims that he was unaware of the nature of the crime.
A New York federal judge declined Lexmark's bid to dismiss a stock-drop lawsuit from investors, saying the shareholders have adequately alleged the computer printer maker withheld that it was flooding its international market with products that distributors had a hard time unloading.
Convicted former New York lawmaker Dean Skelos and his son Adam urged the Second Circuit on Monday to again throw out their convictions, arguing that the high profile corruption case had once again run afoul of the Supreme Court's McDonnell ruling.
An investment company urged a New York federal judge Monday to let it use loan sampling to support its claims that BNY Mellon bundled thousands of toxic loans into mortgage-backed securities, arguing that the data would help prove the bank’s liability.
Partisanship has played a large role in the small passage rate of new judgeship bills since 1990. New judgeships create new vacancies, and neither party wants to give the other the opportunity to fill them. (This article is part of a series on the lack of new judgeships in the federal judiciary).
Using magistrate hotlines, “showdown” hearings and extra mediation, many courts with heavy dockets have pioneered methods for moving cases along. But not every program succeeds, and the techniques have their detractors. (This article is part of a series on the lack of new judgeships in the federal judiciary).
Democratic attorneys general from New York, California, Massachusetts and more than 20 other states have warned the Consumer Financial Protection Bureau that they will “consider taking legal action” if the agency presses ahead with its bid to delay the compliance date for the payday lending underwriting standards that it has proposed scrapping.
Prosecutors want a sentence of at least five years and a fine of more than $400,000 for a Hong Kong-based nonprofit boss and ophthalmologist who bribed Chadian and Ugandan officials on behalf of conglomerate CEFC China Energy Co. Ltd., they told a Manhattan federal judge on Monday.
A New York federal judge on Tuesday named Kaplan Fox & Kilsheimer LLP lead counsel in a putative class action accusing biopharmaceutical company MiMedx Group Inc. of defrauding investors by concealing a "channel-stuffing" scheme in which the company inflated its earnings by overloading vendors with inventory.
A former Ramapo, New York, town supervisor convicted of fraud and conspiracy in what was billed as the first criminal fraud case involving municipal bonds on Tuesday asked the Second Circuit for a new trial, saying improper questioning by federal prosecutors should have scuttled the trial.
Pennsylvania Treasurer Joe Torsella on Tuesday heaped on a proposed class action accusing major banks, including Bank of America, Barclays Bank PLC, Deutsche Bank AG, Goldman Sachs and JPMorgan Chase, of conspiring to fix the prices of bonds issued by Fannie Mae and Freddie Mac.
Covington & Burling LLP announced a former Greenberg Traurig LLP transactional tax attorney experienced in mergers and acquisitions and private equity transactions has joined the firm’s tax practice group in New York.
Public service workers whose student loans were serviced by Navient Corp. told a New York federal judge Monday that their state-law claims accusing the company of misleading them about access to a federal loan forgiveness program are not preempted by the federal Higher Education Act.
Award-winning rapper Kendrick Lamar and visual artist Lina Iris Viktor have agreed to end a copyright dispute in Manhattan federal court, resolving Viktor’s claims that Lamar and others copied her artwork in the music video for a song from the “Black Panther” soundtrack.
A New York federal court on Tuesday granted summary judgment to Factory Mutual Insurance in a suit brought by New York University alleging the insurer held out on coverage for damages inflicted by Superstorm Sandy in the school's Langone Medical Center network.
Bank of America and JPMorgan Chase Co. told a New York federal judge that the National Credit Union Administration can’t escape an investor class bringing antitrust actions over alleged rigging of a key lending benchmark, saying the deadline to opt out passed months ago.
A California man was arrested Tuesday for what Manhattan federal prosecutors call a campaign of fraud that succeeded in pilfering $250,000 from web surfers who thought they were supporting prominent politicians like Beto O'Rourke.
Tesla CEO Elon Musk can’t unilaterally decide his February tweet about production estimates wasn’t material to investors, the U.S. Securities and Exchange Commission said late Monday. The agency also claimed Musk sent a number of other tweets that violated a prior deal.
A debt-laden unit of Indonesian coal transporter Arpeni Pratama Ocean Line received New York bankruptcy court approval Tuesday for a prepackaged Chapter 11 plan that swaps $143 million in senior secured debt for equity and supports a $437 million restructuring of the parent company.
The Nevada Gaming Commission's recent $20 million fine against Wynn Resorts for failing to act after reports of its former CEO's alleged sexual misconduct demonstrates how #MeToo has altered the classic economic assessment for harassment claims, says Dove Burns of Obermayer Rebmann Maxwell & Hippel LLP.
My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.
Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.
The next generation of wireless technology, 5G, could bring major advancements in everything from entertainment to public safety. But federal, state and local governments are at odds over how 5G should be deployed and who should regulate it, says Korey Clark of State Net Capitol Journal.
Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.
Recent U.S. Supreme Court oral arguments in Apple v. Pepper have raised speculation that the “indirect purchaser” rule — a long-standing antitrust defense — will be narrowed or eliminated. Defendants seeking an alternative strategy should look toward what might be called the “direct participant” rule, says Jakob Sebrow of Richards Kibbe & Orbe LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Nina Godiwalla, director of diversity and inclusion at Norton Rose Fulbright.
Following the U.S. Supreme Court's ruling last year in Murphy v. National Collegiate Athletic Association, it is possible that almost every state will legalize sports betting. But political and economic factors seem likely to delay legislation, says Aaron Swerdlow of Weinberg Gonser LLP.
The Second Circuit's recent decision upholding provisions of Connecticut’s Liquor Control Act against federal antitrust law challenges sets it apart from its sister circuits, which have ruled that the same pricing laws in other states violate the Sherman Act. This lays the groundwork for a U.S. Supreme Court appeal, says Alva Mather of DLA Piper.
More and more corporations are now using requests for proposals to make data-driven decisions about which law firms to work with, so it is more important than ever for law firms to avoid common RFP mistakes, says Matthew Prinn of RFP Advisory Group.