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.
A California federal judge appeared open Friday to blocking the Trump administration from repurposing defense funds to build a wall along the southern border, saying he doesn't know if it is right to let the government build the wall before legal challenges to it are resolved.
A former Platinum Partners executive on Friday told a New York federal jury that the firm’s co-founder and others misled potential investors about the financial health of Platinum’s main fund while the hedge fund manager was struggling to pay back tens of millions of dollars to its limited partners.
A New York debt collection law firm used high-volume litigation tactics such as automation to collect over 99,000 debts without proper attorney oversight, according to a complaint filed in New York federal court by the Consumer Financial Protection Bureau on Friday.
Homebuilder Lennar is reportedly under contract to buy an 89-acre site in Florida, developer Xinyuan is said to have landed $30 million in financing for a Queens mixed-use project, and IMC Equity has reportedly purchased a Miami development site for $13.5 million.
A Chinese mobile app developer asked a New York federal court on Thursday to excuse it from a proposed class action accusing the company of lying to investors about faking its download numbers to fraudulently increase advertising revenue, arguing that the shareholders' claims are too vague.