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New York

  • October 22, 2018

    BigLaw Atty Accused Of Exposing Self Seeks Gym Evidence

    A lawyer for a Hughes Hubbard & Reed LLP partner who has pled not guilty to public lewdness told a Manhattan criminal court judge on Monday that she was seeking evidence from an Equinox gym where the alleged misconduct happened and was confident the case would be wrapped up soon.

  • October 19, 2018

    Jury Hears Ex-Barclays Trader's Worries As Gov't Case Ends

    Jurors in the antitrust trial of three former foreign exchange traders for Citigroup, Barclays PLC and JPMorgan Chase & Co. units on Friday heard a recording of a former Barclays trader voice concern about his allegedly collusive trading behavior in the forex market as prosecutors wrapped up their witness testimony.

  • October 19, 2018

    Bank Must Face Claim Of Stalling Wall Street Condo Sale

    A Manhattan trial judge ruled Friday that real estate firm Bleckner PC can sue Signature Bank for refusing to let the firm put a $14 million down payment on a building in the heart of New York’s Financial District because the bank believes the building’s seller is blacklisted by the U.S. Treasury.

  • October 19, 2018

    Columbia Execs Dodge Retirement Plan Management Suit

    Six current and former Columbia University executives escaped allegations they breached their fiduciary duties to the school's retirement plan Friday, when a New York federal judge signed off on the proposed class of participants’ agreement to drop the claims.

  • October 19, 2018

    Foot Locker Board Accused Of Hiding Sales Struggles

    A Foot Locker Inc. stockholder has sued the company’s board of directors, saying the group hid knowledge that the retailer’s brick-and-mortar stores were suffering because of online competition, which led inflated stock prices to plummet when the truth came out.

  • October 19, 2018

    Fake Heir Cops To $13M Hedge Fund Scam, Faces 10 Years

    A con man who raised $13 million by claiming to be a hedge fund manager and heir to the Genovese Drug Stores family fortune pled guilty to securities fraud in Manhattan federal court on Friday as part of a deal that calls for federal guidelines of 10 years or more in prison.

  • October 19, 2018

    Singapore Banks Seek Redo On SIBOR Rigging Escape Bid

    A group of Singapore-based banks, along with one based in Hong Kong, urged a New York federal judge on Thursday to reconsider a ruling that kept them in a suit over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, arguing that they don’t trade in the instruments at issue.

  • October 19, 2018

    Gov't Asks 9th Circ. To Revive New Birth Control Rules

    The Trump administration asked the Ninth Circuit on Friday to lift a nationwide ban on new rules that exempt employers with moral or religious objections from providing birth control coverage otherwise required by the Affordable Care Act, saying employers’ First Amendment rights should trounce procedural requirements for passing the new regulations.

  • October 19, 2018

    Fuel Cell CEO Gets 3 Months For $8M Investment Scheme

    A Manhattan federal judge on Friday hit former fuel cell CEO Danny Pratte with a three-month prison sentence for misleading investors into thinking his Terminus Energy company was ready to start production, crediting Pratte's efforts to cooperate with law enforcement and handing down a short sentence for the $8 million fraud.

  • October 19, 2018

    NY Top Court Nixes 'Soft Cap' On Contractor Health Exec Pay

    A majority of New York state’s highest court has agreed that a portion of the state Department of Health's restriction on how much certain health care executives of providers contracting with the state can get paid went beyond the state’s authority.

  • October 19, 2018

    Getty Wants $2.8M in Legal Bills After Photo Copyright Win

    Two weeks after a federal judge dismissed a copyright lawsuit against Getty Images by saying the plaintiff had “nobody to blame but itself,” the photo licensing giant is demanding repayment of more than $2.8 million in legal bills.

  • October 19, 2018

    Ocwen, Others Want Fund's ERISA Suit Over RMBS Nixed

    Ocwen Financial Corp., Wells Fargo and others urged a New York federal judge to toss a proposed Employee Retirement Income Security Act class action alleging that Ocwen profited by pushing homeowners into foreclosure during the financial crisis, arguing that a pension fund couldn’t bring claims on behalf of other plans.

  • October 19, 2018

    Ex-Tennis Star's Tourney Ties Force Arbitration In WTA Suit

    A New York federal judge has said a former Romanian tennis star suing the Women's Tennis Association received enough personal benefit from the ownership of a Madrid tournament that he must adhere to his company's arbitration agreement with the tennis organization, even if he personally did not sign it.

  • October 19, 2018

    Real Estate Rumors: Belmont, NYC Labor Office, Coastline

    Belmont Savings Bank has reportedly loaned $11.5 million for a Florida self-storage project, the New York City Office of Labor Relations is said to be leasing 53,718 square feet in Manhattan's Financial District, and a Coastline Management venture has reportedly paid $33.2 million for a Florida apartment complex.

  • October 19, 2018

    Sapphire Tycoon Gets Prison For Faking Judge's Signature

    A "privileged" Manhattan sapphire merchant was sentenced to nine months in prison Friday for forging a federal judge's signature, after a prosecutor called such conduct "rampant" and the sentencing judge said the CEO's emails bragging about how easy the caper was spoke to the need to deter other would-be fakers.

  • October 18, 2018

    Allergan Must Produce CEO’s Tribal Patent Docs In MDL

    A New York federal judge has ordered Allergan to produce documents from the files its CEO and other senior executives on a deal that transferred patents to a Native American tribe for plaintiffs in multidistrict litigation accusing the drugmaker of illegally delaying a generic version of its dry-eye medication Restasis.

  • October 18, 2018

    Toxic Pet Food Not Fit For Dogs, Proposed Class Action Says

    A dog owner hit Champion Petfoods with a proposed class action in New York federal court alleging its Acana and Orijen pet foods contain heavy metals known to pose health risks to humans and animals, even though the foods are advertised as fit for humans.

  • October 18, 2018

    Bitcoin Trader, CEO Ordered To Pay $2.5M For Ponzi Scheme

    Bitcoin trading outfit Gelfman Blueprint Inc. and its CEO Nicholas Gelfman have been ordered to pay nearly $2.5 million in restitution after stealing more than $600,000 from roughly 80 customers, in the first anti-fraud case involving bitcoin brought by the Commodity Futures Trading Commission.

  • October 18, 2018

    Last Tippee In $5M BofA Insider Trading Ring Takes Plea Deal

    A former Morgan Stanley vice president accused of trading on tips that came from a Bank of America technology consultant pled guilty to securities fraud conspiracy in Manhattan federal court on Thursday, making him the last of seven defendants in a $5 million insider trading ring to do so.

  • October 18, 2018

    NY Trial Set To Determine Owner Of Contested Crypto Platform

    A business developer accused of sneaking her name onto corporate paperwork to steal control of a budding peer-to-peer cryptocurrency platform agreed Thursday to an expedited Nov. 5 trial in Manhattan to determine whether she rightfully owns the platform.

Expert Analysis

  • Emerging Trends In State And Local Equal Pay Efforts

    Brian Murphy

    In the face of relative inaction by the federal government, state and local governments are increasingly combating the gender pay gap with various legislative efforts. Employers must be cognizant not only of laws existing in their jurisdictions, but also of those in others, say Brian Murphy and Jonathan Stoler of Sheppard Mullin Richter & Hampton LLP.

  • Need Litigation Finance? Don't Skip These 5 Steps

    Molly Pease

    The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.

  • Fit For Fido? The Rise Of 'Natural' Pet Food Claims

    Steven Hwang

    As sales of “premium” pet food have increased in recent years, so has the number of consumer class actions filed against pet food manufacturers, specifically those involving claims that marketing and labeling pet foods as “natural” is false and misleading, say Steven Hwang and Cassandra Abernathy of Perkins Coie LLP.

  • 4 Things To Watch In The Sears Bankruptcy

    Karen Park

    Following Sears' bankruptcy filing this week, there could be an announcement that the company has agreed to sell its most valuable stores to an affiliate of its largest shareholder, say Karen Park of ParkLaw LLC and Tara Desai of Greenhouse Branding Inc.

  • Updated Rules For NYC's 421-a Tax Exemption Beneficiaries

    Daniel Bernstein

    New York City has been changing its 421-a tax exemption program, altering and clarifying prevailing wage requirements and imposing construction wage requirements for large new buildings. Daniel Bernstein of Rosenberg & Estis PC recaps the last two years of developments.

  • EPA's New Approach To Interstate Air Pollution Under CAA

    Norman Fichthorn

    Over the last two decades, the U.S. Environmental Protection Agency’s efforts to address interstate air pollution under the Clean Air Act have yielded a series of complex federal regulatory programs. However, it's now signaling a method that involves greater deference to states’ analyses and determinations, says Norman Fichthorn of Hunton Andrews Kurth LLP.

  • No Bots About It: California's Crackdown On Chatbots

    Anthony Ascombe

    Last month, California Gov. Jerry Brown signed a law restricting the use of automated online “bot” accounts. The law was drafted in part to help prevent election interference through the propagation of fake news, but it will also impact businesses that use bots to communicate with customers, say attorneys at Steptoe & Johnson LLP.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    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 Pier D'Angelo, chief pricing and practice officer at Allens.

  • 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.