Manhattan DA Unveils Corporate Crime & Antitrust Task Force

By Stewart Bishop

Manhattan District Attorney Alvin Bragg on Wednesday announced the formation of a new task force that will focus on prosecuting corporate crime and antitrust violations, as part of a push to deter industrywide misconduct and promote systemic accountability for entities that encourage and enable financial crimes.

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Analysis

Paramount, State AGs Chose Certainty Over Merger Trial Risk

By Matthew Perlman

Paramount Skydance closed its $110 billion purchase of Warner Bros. Discovery on Oct. 6, after reaching a settlement with state enforcers that experts say was driven by both politics and the underlying litigation risk for both sides.

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AGs Say Character.AI Chats Must Be Protected In Ch. 11 Sale

By Rick Archer

A group of state attorneys general told a Delaware bankruptcy judge Wednesday that protection of minors and privacy concerns need to be addressed before the company behind artificial intelligence entertainment platform Character.AI is allowed to sell its data in its Chapter 11 case.

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DOJ To Drop Foreign Agent Case Against Ex-CIA Analyst

By Phillip Bantz

The U.S. Department of Justice has halted the prosecution of an ex-Central Intelligence Agency analyst accused of secretly aiding the South Korean government in exchange for pricey gifts, according to an agreement filed in New York federal court Tuesday.

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Ex-BigLaw Atty Wants Firm Docs For Insider Trading Defense

By Carolyn Muyskens

A former BigLaw associate accused of insider trading is seeking records from ex-employers Sidley Austin LLP, Latham & Watkins LLP and Goodwin Procter LLP to help fight charges that he tipped others about nonpublic deals the firms were working on.

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Brooklyn DA Busts Crypto Scam Targeting Russian Speakers

By Aislinn Keely

The Brooklyn District Attorney's Office said Wednesday it has taken down hundreds of servers and domains used to defraud Russian speakers in the U.S., dealing a significant blow to the international cryptocurrency scam operation.

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No Jail For Coach Who Testified Against Jordan Card Con Man

By Pete Brush

A Manhattan federal judge on Wednesday allowed a Washington state youth sports coach to avoid prison, after he admitted bankrolling a $2 million Michael Jordan trading-card scam and testified against the main perpetrator who recently was arrested in Canada.

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NY Asks Court To Undo RealPage's Software Law Injunction

By Isaac Monterose

The New York attorney general has asked a federal court to reconsider and vacate RealPage Inc.'s preliminary injunction win in its suit challenging a state law that forbids residential property owners from using technology that lets them engage in rent price-fixing.

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Sibling Attys Fighting Over $1.1M Comp Want Suit In NY

By Andrea Keckley

Two sibling attorneys have agreed to send to the Eastern District of New York their New Jersey federal lawsuit that accuses one of failing to properly compensate the other about $1.1 million, according to a joint filing.

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TD Bank Must Face Bulk Of Investors' AML Penalties Suit

By Sydney Price

A New York federal judge has ruled TD Bank and some of its executives must face the majority of claims in an investor action related to a $3 billion settlement the bank signed with U.S. authorities over anti-money laundering compliance failures, saying they made some statements that may have downplayed the severity of the issues the bank faced.

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Venture Global Beats Investor Action Over IPO Disclosures

By Katryna Perera

Energy company Venture Global Inc. has permanently defeated a proposed class action accusing it of hiding production issues and cost overruns at its Louisiana natural gas liquefaction and export projects ahead of its $1.75 billion initial public offering, with a New York federal judge finding the suit failed to plead any material misleading statements.

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EV Charging Co. To Pay Investors $4M In Liquidity Woes Suit

By Sydney Price

Bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc. has agreed to pay $4 million to resolve an investor's proposed class action alleging the company and its executives concealed a liquidity crisis involving the founder and his investment advisory firm before the company's downfall.

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Perrigo To Pay $10M To End Consumer Gerber Antitrust Suit

By Hailey Konnath

Perrigo will pay $10 million to consumers accusing the company of cutting an anticompetitive agreement with Gerber to maintain a monopoly in the store-brand infant formula market, according to a motion filed in New York federal court Tuesday.

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Chase Seeks Permanent Ax Of Trump's $5B Debanking Suit

By Sarah Jarvis

JPMorgan Chase Bank NA has renewed its fight against President Donald Trump's lawsuit accusing the bank of wrongfully debanking him and his businesses, urging a New York federal court to permanently throw out the case because the claims fail "multiple times over" and cannot be fixed.

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Haynes Boone Adds Ex-Loeb & Loeb Real Estate Atty In NY

By Nate Beck

Haynes Boone announced it has hired a transactional attorney from Loeb & Loeb LLP as a partner in its New York office to bolster its real estate practice.

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Hogan Lovells Cadwalader Adds Macquarie Fund Finance Pro

By Christine DeRosa

Hogan Lovells Cadwalader has expanded its offerings in New York with the addition of an experienced fund finance attorney from financial services company Macquarie, the firm announced Wednesday.

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Boies Schiller Adds Ex-DOJ Civil Division Leader In NY, DC

By Hailey Konnath

Boies Schiller Flexner LLP has added a former deputy assistant attorney general in the U.S. Department of Justice's Civil Division to its global investigations and white collar teams in New York and Washington, D.C., according to an announcement made Wednesday.

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How A New Case Redefines The Birthright Citizenship Battle

After the U.S. Supreme Court's birthright citizenship ruling last term in Trump v. Barbara, the Trump administration issued a new executive order attempting to limit the categories of individuals eligible for this status — and a pending court challenge to the new order shows where the legal battle lines are being redrawn, say attorneys at Fragomen.

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What Lawyers Should Know Before Accepting Crypto Payment

As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

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How To Use AI In Employment Contract Drafting

Before using artificial intelligence to draft employment contracts, law firms and employers must assess practical ethical guardrails, appropriate use cases, core risk areas and validation workflows, says Samuel Mitchell at Smith Gambrell.

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Watchdog Wants Probe Of Trump Press Secretary's Atty Claim

By Jack Karp

A nonprofit government watchdog on Wednesday asked the State Bar of California to investigate whether the new White House press secretary has claimed to be an attorney without being licensed to practice law.

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Quinn Emanuel Seeks Arbitration Of $1.7M Fee Dispute

By Caroline Simson

Quinn Emanuel Urquhart & Sullivan LLP is urging a California federal court to order an entrepreneur to arbitrate malpractice claims stemming from the firm's representation of her in a sexual harassment claim against a technology investor as it seeks to collect more than $1.7 million in unpaid fees.

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Baker Botts Atty Seeks $3.4M In Fees After Defamation Suit

By Madison Arnold

A Baker Botts LLP patent attorney has moved for almost $3.4 million in attorney fees and expenses in a defamation suit an inventor brought against her that was dismissed.

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Fox Rothschild Beats Daycare's Malicious Prosecution Suit

By George Woolston

A New Jersey state court dismissed an adult daycare company's suit against Fox Rothschild LLP and one of its attorneys related to their prosecution of a fraudulent loan lawsuit that led to a $65,000 sanction against the firm, according to a court order.

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DLA Piper Accused Of Malpractice In Investor's Soccer Deals

By Bonnie Eslinger

American businessman John Textor has filed a legal malpractice suit in Florida against DLA Piper over the firm's representation in connection with an investment vehicle he created to acquire soccer clubs in the United Kingdom and other countries, claiming his damages could exceed hundreds of millions of dollars.

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