New York
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November 13, 2018
Real Estate Rumors: Carlyle, Bloomberg, Charter Schools USA
A Carlyle Group venture has reportedly sold a Florida apartment complex for $67.25 million, Bloomberg LP is said to have renewed a 468,000-square-foot lease for space in Manhattan and Charter Schools USA has reportedly bought one of its schools in Florida for $10.5 million.
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November 13, 2018
FIFA Cooperator Dodges Prison For Bribery Scheme
Eduardo Li, a former FIFA official and president of the Costa Rican Football Federation, avoided a prison term Tuesday after copping to racketeering and corruption charges, due to his cooperation with New York federal prosecutors in their wide-ranging corruption probe into international soccer.
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November 13, 2018
VW Investors Challenge Bid To Toss Antitrust Stock-Drop Suit
Volkswagen AG shareholders have pushed back against the carmaker's bid to escape antitrust and securities fraud charges in a proposed class action, telling a New York federal court that they properly backed their argument that the German automaker engaged in illegal conduct.
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November 13, 2018
NYC Real Estate Week In Review
Greenberg Traurig LLP and DLA Piper were among more than a half-dozen law firms that helped out with the largest New York City deals for which deeds became public last week, a group that included a Manhattan office building sale worth more than $700 million.
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November 13, 2018
No Quick Win For Feds In Haitian Refugee Status Suit
A Brooklyn federal judge declined to toss a suit Tuesday claiming racism motivated the Trump administration to revoke the temporary protected status of 50,000 Haitians in the wake of an earthquake, giving parties only two months to prepare for trial.
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November 13, 2018
Amazon Unveils $5B Plan For NY, Va. Headquarters
Amazon Inc. said on Tuesday that it has selected New York City and Arlington, Virginia, as the two locations for its new headquarters, laying out a plan that would see the e-commerce giant invest $5 billion and create more than 50,000 full-time jobs across the two locations.
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November 13, 2018
Repped By Gibson Dunn, CNN Sues Trump Over Acosta Ban
CNN and attorneys from Gibson Dunn filed a lawsuit against President Donald Trump on Tuesday over the decision to revoke reporter Jim Acosta's access to the White House, calling it an "unabashed attempt to censor the press” that violates the First Amendment.
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November 9, 2018
Wells Fargo To Pay $43M To Settle RMBS Trustee Litigation
Wells Fargo Bank NA announced Friday it will pay $43 million to end allegations it failed to protect investors from billions of dollars in losses as the trustee for hundreds of residential mortgage-backed securities, a deal reached with certain institutional buyers, including funds affiliated with BlackRock Inc. and PIMCO.
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November 9, 2018
$630M CDO Entity Gets Involuntary Ch. 11 Case Dismissed
Three secured creditors of $630 million collateralized debt obligation vehicle Taberna Preferred Funding IV Ltd. can't force the entity into involuntary bankruptcy, a New York bankruptcy court has ruled, because their notes are nonrecourse and therefore only give their holders claims against Taberna's collateral, not the entity itself.
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November 9, 2018
9th Circ. Sends T-Mobile Coverage Row To Wash. Justices
The Ninth Circuit on Friday asked Washington state’s high court to consider whether Selective Insurance Co. of America must cover T-Mobile’s costs in a lawsuit alleging its antenna installation contractor damaged a building in the Bronx in New York, saying Washington state law is unsettled on a critical issue in the case.
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November 9, 2018
Ex-Platinum Insider Dodges Upcoming $1B Fraud Trial
A former Platinum Partners marketing and investor relations staffer charged over an alleged $1 billion securities fraud scheme has secured a deferred prosecution deal with the government and had his case severed on Thursday from four executives accused of deceiving the hedge fund’s investors.
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November 9, 2018
Ex-Liddle Partner Looks To Exit Equal Pay Suit
A former partner at Liddle & Robinson LLP has told a New York federal court that he should be cut from another former partner’s $23 million equal pay suit against the firm, arguing that she has not made a valid case against him and that her claims would be time-barred even if she had.
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November 9, 2018
Real Estate Rumors: Breakers Capital, HNA, AutoNation
A Breakers Capital Partners venture has reportedly dropped $21.4 million on a Florida office property, HNA Group is said to be under contract to sell a Manhattan office tower, and AutoNation has reportedly sold a Florida auto dealership for $11 million.
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November 9, 2018
Locke Lord Steers Capital One's $74M Loan For NYC Property
Capital One NA has loaned $73.9 million to an entity connected to Ventas Inc. for a senior living property in Manhattan, a deal Locke Lord LLP worked on, according to records made public in New York on Friday.
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November 9, 2018
Aegean Marine Gets Interim Access To $532M DIP Package
After two days of a contentious battle over bankruptcy financing provisions, Greek marine refueling company Aegean Marine Petroleum Network Inc. was given the go-ahead Friday to begin withdrawing from a $532 million debtor-in-possession loan package provided by its potential buyer.
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November 9, 2018
Atty Confessed To NJ Killing In Suitcase Note, Docs Say
A New York City attorney accused of fatally shooting the mother of his daughter in their New Jersey home last month allegedly confessed in a note left in a suitcase when he dropped off the child with his brother before fleeing to Cuba, according to prosecutors and court documents.
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November 9, 2018
‘Hamilton’ Ponzi Schemer’s Wife Must Pay $4M In SEC Suit
A New York federal judge has ordered a woman to pay about $4 million in disgorgement and interest for her husband’s multimillion-dollar Ponzi scheme involving the hit “Hamilton” musical, though all but roughly $840,000 of the penalty has been satisfied by payments in a related criminal case.
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November 9, 2018
Nine West, Creditors Ordered To Mediate Ch. 11 Disputes
A New York bankruptcy judge on Friday appointed a mediator to try to resolve disputes between Nine West Holdings, owner Sycamore Partners and a number of the company’s creditors over the fashion retailer’s Chapter 11 plan.
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November 9, 2018
NY Contractor Claims Union Coerced Suits, Costing It $20M
Construction contractor Trade Off LLC alleged in New York federal court on Friday that it has lost at least $20 million in business because a local union is coercing current and former employees into making frivolous claims against the company to damage its reputation and put it out of business.
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November 9, 2018
Prof Wants To Put Ex-Colleague On Secret Email Probation
A request by former Columbia University professor Enrichetta Ravina to have an ex-colleague's emails secretly scanned for disparaging remarks about her has the university scrambling for more time to brief a Manhattan federal judge, according to court filings.
Expert Analysis
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It’s Time For Law Firms To Start Talking About Gen Z
Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.
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Lessons From FERC Staff Reversal In Footprint Power
The Federal Energy Regulatory Commission's enforcement staff recently recommended that FERC drop a case against Footprint Power LLC. This may be an effort to address criticism that the enforcement process has become a guaranteed win for the commission, say Todd Mullins and Christopher McEachran of McGuireWoods LLP.
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State Net
How The States Fared In The Midterms
Lou Cannon, editorial adviser and columnist at LexisNexis State Net Capitol Journal, dissects the results of the governor’s races and state legislative chambers in the 2018 midterm elections.
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Guest Feature
The Many Lives Of Michael Chertoff
Randy Maniloff begins his interview with the nation’s second secretary of homeland security by saying he wants to go over his resume. The look on Michael Chertoff's face: “Bring it on.”
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Top 10 Snap Observations From The 2018 Midterm Elections
The just-completed midterm elections could be called the “cafeteria midterms,” because there was something for everyone. The results offered both encouragement and warnings for Democrats and Republicans looking to 2020, says Frank Donatelli of McGuireWoods Consulting LLC.
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Pharmaceutical Warnings: A Changing Landscape
Pharmaceutical warnings and the way they are regulated and litigated are evolving. Brand-name manufacturers face failure-to-warn suits for generic versions of their products, while generic companies may soon have to update warnings on drugs for which there are no longer brand-name versions, say Chris Essig and Schuyler Ferguson of Winston & Strawn LLP.
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Q&A
Back To School: Yale's Linda Greenhouse Talks Journalism
In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.
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Opinion
Celebrate Veterans By Improving Their Access To Justice
Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.
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NY Employers Must Prep For New Wage Laws Now
New York legislation mandating a series of significant wage increases becomes effective at the end of 2018. Employers should make sure their payrolls are in order well before the new year, as violations can result in steep consequences, say Randi May and Amory McAndrew of Hoguet Newman Regal & Kenney LLP.
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Bringing Alcoholic Beverage Coupons Into The Digital Age
Laws on coupons and rebates for alcoholic beverages vary across the country. Ascertaining the legal status of digital coupons, which may not have been envisioned when a state's laws were written, creates additional wrinkles for companies, says Alva Mather of DLA Piper.