New York
New York Law360 provides breaking news and analysis on legal and regulatory issues in New York state. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
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Latest News in New York
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January 18, 2019
Madoff Investors Can't Evade Clawback By Withdrawing Claim
A Manhattan bankruptcy judge rejected arguments by three “net winners” in the Madoff Ponzi scheme on Friday that he lost authority to hear a $2.8 million clawback action against them when they dropped their own claim against the bankruptcy estate.
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January 18, 2019
Ex-Sadis & Goldberg Atty Gets 3 Years For Charity, Tax Scam
The former head of Sadis & Goldberg LLP’s tax and trusts and estates groups was sentenced to just over three years in prison Friday for cheating a dead client’s estate out of $3.7 million through a bogus charity and lying about his income to the IRS.
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January 18, 2019
Judge Rips Defense Theory In College Hoops Corruption Trial
The New York federal judge who presided over last year’s college basketball corruption trial has criticized the defense team's focus on the fairness of NCAA rules that prevent college players from being paid, saying in a new opinion Thursday that the “amateurism and recruitment rules were not on trial” and expert testimony on the issue could have led the jury to rule on “perceived economic unfairness.”
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January 18, 2019
Oro Negro Ch. 15 Parties Agree To Mediate Rig Fight
In an effort to streamline dual bankruptcy proceedings for Mexican oil rig company Perforadora Oro Negro in its home country and the U.S., a domestic mediator will join negotiations between the company and its creditors in a jack-up rig seizure dispute, a U.S. bankruptcy judge said.
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January 18, 2019
Orrick Adds Ex-Norton Rose Energy Tax Expert In NY
Orrick Herrington & Sutcliffe LLP has announced that a former tax partner at Norton Rose Fulbright with a focus on renewable energy joined the firm in its New York office.
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