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New York

  • January 15, 2019

    FYE Managers Get Tentative OK In Misclassification Suit

    Store managers at Trans World Entertainment Corp.’s media retailer FYE who contend they were misclassified as exempt from time-and-a-half overtime requirements had their lawsuit conditionally certified as a collective action by an Albany federal judge on Tuesday.

  • January 15, 2019

    NY Lawmakers Pass Bill Banning Transgender Discrimination

    New York state lawmakers on Tuesday passed a bill to outlaw gender identity-based discrimination, bringing an end to a 16-year push to get the legislation on the governor’s desk.

  • January 15, 2019

    1st Amendment Protects NY Public Access TV, Justices Told

    The U.S. Supreme Court should stand behind a Second Circuit ruling classifying public access television networks as state actors who should be held accountable for upholding First Amendment rights, the documentarian whose firing prompted the litigation that resulted in the ruling said.

  • January 15, 2019

    US Trustee Rips Bankrupt Makeup Co.'s $1.4M Exec Bonus Bid

    The U.S. Trustee’s Office on Tuesday asked a New York bankruptcy court to deny cosmetics maker Glansaol Holdings Inc.’s request to pay up to $1.4 million in executive bonuses, saying there was no proof the goals are a stretch or that bonuses won’t be going to insiders.

  • January 15, 2019

    Real Estate Rumors: Rilea, Pan Am Equities, LIT Industrial

    Rilea Group has reportedly bought part of a Florida shopping center for $10.37 million, Pan Am Equities is said to have purchased a New York apartment building for $90 million, and LIT Industrial reportedly picked up a Miami warehouse from Tropical Shipping for $32.6 million.

  • January 15, 2019

    No Shutdown Pause In Child Refugee Detention Policy Fight

    A Manhattan federal judge on Tuesday ordered the Trump administration to proceed with two proposed class actions claiming child refugees are being subjected to unreasonable custody delays, finding “good and sufficient reason” to order civil litigation technically sidelined by the partial government shutdown to stay on track.

  • January 15, 2019

    Celebrity News Blog Sued Over Photo Of Hernandez's Fiancee

    Gossip website Hollywoodlife.com has become the latest media outlet sued by photography agency Polaris Images Corp. for allegedly publishing a photograph of the late NFL player Aaron Hernandez's pregnant former fiancée without permission.

  • January 15, 2019

    AmEx Anti-Steering Claims Cut Down By High Court Ruling

    Several retailers are headed to trial against American Express Co. armed with only a fraction of their original antitrust allegations brought amid multidistrict litigation challenging AmEx's restrictive merchant contracts, as a Brooklyn federal judge heavily pared the retailers' suit Monday to align with a recent U.S. Supreme Court decision.

  • January 15, 2019

    Paul Weiss Steers $250M Cannabis Co. Revenue-Share Deal

    Cannabis company Tilray Inc. on Tuesday said it struck a deal worth up to $250 million that will see Authentic Brands Group market the Canadian firm’s products across its portfolio, with Paul Weiss Rifkind Wharton & Garrison LLP steering the global brand licenser.

  • January 15, 2019

    NY Title Insurance Kickback Rule Revived On Appeal

    A New York state appellate court ruled Tuesday that the state Department of Financial Services had the power to ban title insurance companies from wining and dining lawyers and others who could refer business to them, paring back a lower court's ruling that struck down the regulation.

  • January 15, 2019

    Pulling Up Stakes: Shearman, DLA Piper, Latham

    In our latest roundup of deal makers on the move, Shearman & Sterling LLP adds some capital markets firepower in Houston, DLA Piper hires an M&A and private equity pro in Washington, D.C., and Latham & Watkins LLP beefs up its private equity practice with a pair of partners in New York.

  • January 15, 2019

    Citizenship Question Blocked From 2020 Census

    A New York federal judge on Tuesday struck down the Trump administration's inclusion of a question about citizenship status on the 2020 census, finding that U.S. Commerce Secretary Wilbur Ross had violated the Administrative Procedure Act in ignoring how it would harm response rates for Hispanic and noncitizen households.

  • January 14, 2019

    Quinn Says High Court Arbitration Ruling Sinks Ex-Partners

    Quinn Emanuel Urquhart & Sullivan LLP seized on a recent U.S. Supreme Court ruling that removed one basis on which parties could escape arbitration, in order to bolster its case in a dispute against a group of former partners it contends must remit fees earned from clients they took to their new firm.

  • January 14, 2019

    Former Sullivan & Cromwell Chair Dies In Apartment Fire

    The former chair and senior partner at Sullivan & Cromwell LLP was killed along with his wife in an apartment fire in New York City Saturday, according to a report from the New York Daily News.

  • January 14, 2019

    2nd Circ. Says Xerox Workers' Benefits Recalculation Is Fair

    The Second Circuit has approved a New York federal judge’s method of calculating benefits for Xerox workers who rejoined the company after retiring, awarding the company a win Monday in a pension lawsuit that spent two decades in the courts and garnered a 2010 U.S. Supreme Court ruling.

  • January 14, 2019

    Trump Looks To Kill Racketeering Fraud Suit Against Kids, Co.

    President Donald Trump and three of his adult children asked a New York federal court Monday to toss a proposed class action alleging they orchestrated a criminal scheme to defraud consumers by providing spurious endorsements for a multilevel marketing company.

  • January 14, 2019

    Ex-ConvergEx Exec's Deal Aids 3 Cooperators At Sentencing

    Three former traders who cooperated against a former ConvergEx Group LLC executive were largely sentenced to probation Monday after prosecutors and a judge said it would be unfair to hand them longer sentences than the person they cooperated against.

  • January 14, 2019

    Royal Park, Wells Fargo End RMBS Trustee Suit

    A New York federal judge on Monday granted a joint request from Royal Park Investments SA/NV and Wells Fargo Bank NA to dismiss with prejudice the remaining claims in the former’s litigation surrounding alleged failures by the latter as the trustee for two residential mortgage-backed securities trusts.

  • January 14, 2019

    NYSE Fines Wedbush, Founder $1M For Unsupervised Trades

    Wedbush Securities Inc. and co-founder Edward Wedbush will pay a combined $1 million to the regulatory arm of the New York Stock Exchange to end claims the company’s leader of 64 years worked the trading desk without oversight.

  • January 14, 2019

    UBS Takes Aim At Feds' Fraud Suit Over Crisis-Era RMBS

    UBS AG told a New York federal judge on Friday that the U.S. Department of Justice's lawsuit accusing it of defrauding investors through the sale of residential mortgage-backed securities leading up to the financial crisis should be dismissed, saying the case is based on an overly broad and legally unsupported interpretation of a financial institutions reform act.

Expert Analysis

  • Why AFAs Are Key To The Future Of Legal Practice

    Kelly Eisenlohr-Moul

    Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.

  • 21st Amendment Vs. Commerce Clause At The High Court

    Alva Mather

    On Wednesday, the U.S. Supreme Court hears argument in Byrd v. Tennessee Wine and Spirits Retailers Association, highlighting the conflict between states’ rights to regulate alcohol under the 21st Amendment and the restrictions in the U.S. Constitution's commerce clause on states’ power to regulate interstate commerce, says Alva Mather of DLA Piper LLP.

  • Series

    Judging A Book: Barron Reviews 'The Clamor Of Lawyers'

    Judge David Barron

    Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.

  • State Net

    State Lawmakers Grapple With Proliferation Of E-Scooters

    David Royse

    As state legislators return to session this year, many face a new issue: the explosion of e-scooters on city streets. Municipal officials scrambling to evaluate the legality of the rental scooters are seeking policy guidance at the state level, says David Royse of State Net Capitol Journal.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 2

    Peter Jarvis

    Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • An FAQ On The State Of Direct Procurement Insurance

    Zachary Lerner

    The practice of procuring insurance coverage by "direct procurement" has been viewed as a constitutional right for half a century, but recent events have raised many questions within the insurance industry over whether that right is being eroded by certain states, says Zachary Lerner of Locke Lord LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 1

    Peter Jarvis

    Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • 4 AML Insights Broker-Dealers Should Carry Into 2019

    Mirella deRose

    While many of us were winding down 2018 focused on the holidays, the U.S. Department of Justice and other financial industry regulators were busy delivering a flurry of messages about anti-money laundering compliance, say attorneys with King & Spalding LLP.

  • Correcting CFTC Course On Manipulative Intent

    Chad Silverman

    In U.S. Commodity Futures Trading Commission v. Wilson, a New York federal court properly relied on 30 years of precedent to overturn the CFTC's broad new theory of manipulative intent, says Chad Silverman of Skadden Arps Slate Meagher & Flom LLP.

  • 4 Takeaways From Sprint's $330M Tax FCA Settlement

    Randall Fox

    Recently Sprint agreed to pay New York state $330 million, the largest ever settlement of a suit brought under any state's false claims act. Randall Fox, former chief of the New York attorney general's Taxpayer Protection Bureau and a partner at Kirby McInerney LLP, discusses what other states, potential defendants and would-be whistleblowers can learn from the case.