New York

  • September 23, 2019

    Wachtell Seeks NY Trial Against Carl Icahn's CVR, Touts Docs

    Wachtell Lipton Rosen & Katz on Monday told a New York trial judge that CVR Energy Inc. and Carl Icahn are ignoring substantial evidence that they misused Wachtell's internal documents in their bid to dodge the firm's lawsuit, saying the firm is ready to go to trial.

  • September 23, 2019

    Airbnb, NYC Spar Over Quick Win Bids In Data Ordinance Row

    Airbnb and HomeAway are refusing to back down in their bid to strike down an allegedly unconstitutional New York City ordinance requiring short-term rental platforms to hand over hosts' personal information, while the city is countering that "widespread illegality" on these platforms justifies the rule. 

  • September 23, 2019

    Avon Can't Sidestep Ex-Workers' Pregnancy Bias Suit

    A New York federal judge has refocused a proposed pregnancy discrimination class action brought against cosmetics giant Avon and its North American spinoff by three former employees, dismissing allegations by one woman and refusing to send another's claims to arbitration.

  • September 23, 2019

    Russian Man Cops To Massive JPM Hack, To Cough Up $19M

    An electronics expert from Moscow pled guilty Monday in Manhattan and agreed to forfeit more than $19 million in what federal prosecutors call a gargantuan hacking and fraud scheme that victimized over 80 million customers at JPMorgan Chase & Co.

  • September 23, 2019

    $6M Deal OK'd In Shareholder Suit Over Iconix Accounting

    A New York federal judge greenlit a $6 million settlement between Iconix Brand Group Inc. and its investors Monday, resolving allegations that the fashion brand management company fudged its financial statements in order to hide its deteriorating performance.

  • September 23, 2019

    Trump Tax Case Belongs In State Court, Manhattan DA Argues

    President Donald Trump doesn't have sweeping immunity against investigations while he is president, and arguments to stop subpoenas seeking his personal tax returns should be heard in state court, the Manhattan district attorney told a federal court on Monday.

  • September 23, 2019

    Cannabis Atty Wants To Take Legalization Fight To Congress

    A New York lawyer representing medical marijuana patients in a suit against the U.S. Department of Justice launched a congressional campaign Monday, telling supporters that any effort to legalize cannabis federally must address the human rights issues in play.

  • September 23, 2019

    Former DOJ Atty Named Partner At Crowell & Moring

    A former trial attorney for the U.S. Department of Justice and special counsel for Covington & Burling LLP has joined Crowell & Moring LLP’s New York office as a partner in the tax and litigation groups, the firm has announced.

  • September 23, 2019

    De Blasio Proposes Universal Retirement Savings Plan In NYC

    New York City Mayor Bill de Blasio on Monday proposed a plan that would automatically enroll private sector workers in the Big Apple who don't have retirement plans in an individual retirement account by the end of 2021. 

  • September 23, 2019

    2 Men Charged With Participating In $3M 'Boiler Room' Plot

    A chief executive and stock promoter have been charged in New York federal court in relation to an alleged scheme to artificially inflate the value of Renewable Energy and Power Inc. stock before selling the shares at a profit, according to an indictment made public on Monday.

  • September 23, 2019

    Ditech Says New Ch. 11 Plan Protects Consumer Creditors

    Mortgage company Ditech Holding Corp. is asking a New York bankruptcy judge to approve a revised Chapter 11 plan, saying it has reached an agreement with its consumer creditors that will boost the ability of its mortgage holders to correct mistakes in their accounts.

  • September 23, 2019

    MLB Asks Judge Not To Let Ump Amend Racial Bias Suit

    Major League Baseball has thrown a curveball to Angel Hernandez, telling a New York federal court the controversial umpire’s most recent request to amend his racial discrimination lawsuit based on “new” information about umpire evaluations is nothing more than a gimmick.

  • September 23, 2019

    SEC Settles ICO Fraud Claims With 'Fantasy Market' Founder

    A tri-state area entrepreneur accused by the U.S. Securities and Exchange Commission of running a fraudulent offering of digital tokens for an online peep show platform has reached a settlement agreement with the agency that comes with a $15,000 fine, according to Manhattan federal court filings on Friday.

  • September 23, 2019

    Conspiracy Claims Cut From Odebrecht Bribery Suit

    A New York federal court on Monday tossed conspiracy claims against Brazilian engineering conglomerate Odebrecht in a suit that ties the plummeting value of its bonds to a $3.3 billion bribery scheme, finding that alleged financial misrepresentations weren't the result of a formal agreement between the company and its subsidiary.

  • September 23, 2019

    Madoff Investigator To Join Allen & Overy's New York Office

    Allen & Overy LLP has added a prosecutor who was part of the team investigating the Bernie Madoff Ponzi scheme as a partner in its litigation, arbitration and dispute resolution practice, the firm has announced.

  • September 23, 2019

    NFL Hires Ex-21st Century Fox Atty As Deputy GC

    The National Football League announced Monday that it has brought in as deputy general counsel for media and league business affairs an attorney with more than 20 years' experience working at 21st Century Fox.

  • September 23, 2019

    Califia Farms Faces Suit Alleging Deceptive Vanilla Labeling

    An almond milk drinker has hit Califia Farms LLC with a proposed class action in New York federal court, claiming the company misleads customers by prominently labeling its almond milk with the term "vanilla" when the product is almost certainly flavored artificially.

  • September 23, 2019

    Zocdoc Strikes $1.4M Deal In Sales Workers' OT Suit

    Zocdoc Inc. has agreed to pay $1.39 million to wrap up a proposed collective action lawsuit claiming the medical appointment booking service violated federal and New York state law by misclassifying sales workers as independent contractors to deny them overtime wages.

  • September 23, 2019

    Mexican Telecom Maxcom Wins Ch. 11 Plan Approval

    A New York bankruptcy judge signed off Monday on Mexican telecommunications provider Maxcom's $130 million restructuring plan after the company reached a settlement with bondholders who had objected to the plan vote.

  • September 23, 2019

    Publishers Fight Audible's Bid To Nix Suit Over Text Captions

    A group of major book publishers is urging a New York federal judge to reject a bid by Amazon’s Audible to toss a copyright suit over a planned speech-to-text feature, saying the audiobook giant’s arguments are based on a misunderstanding of copyright law.

  • September 23, 2019

    AMC Must Face Trimmed Stock-Drop Suit Over Acquisitions

    AMC Entertainment Holdings Inc. must face the majority of shareholders' proposed class claims that the company misled investors about a trio of major acquisitions ahead of its secondary public offering, a New York federal judge has ruled. 

  • September 23, 2019

    NJ Joins NY In Disbarring Atty Over $170K Theft From Clients

    The New Jersey Supreme Court has disbarred a New York attorney who copped to stealing a collective $170,000 from two clients in matrimony and estate matters, according to a decision and order released Monday.

  • September 23, 2019

    Firm Swiped $1M From Settlement Payment, Insurer Says

    A New York-based law firm that has focused on insurance litigation matters allegedly pocketed $1 million that was meant as a settlement payment in another case, a New Jersey-based insurance carrier has contended in New York state court.

  • September 23, 2019

    Attys Seek $15M In Fees From $74M SunEdison Settlement

    The lead counsel in a class action claiming SunEdison Inc. misled shareholders about its financial health before filing for bankruptcy is asking a New York federal court to approve more than $15 million in attorney fees for its work in reaching a $74 million settlement with the company.

  • September 23, 2019

    Nissan, Ex-CEO Pay SEC $16M To End Compensation Claims

    Nissan Motor Co. Ltd. and its former CEO Carlos Ghosn agreed Monday to pay $15 million and $1 million, respectively, to settle U.S. Securities and Exchange Commission claims related to the alleged concealment of more than $140 million in retirement compensation.

Expert Analysis

  • Series

    Pursuing Wellness: Steps Toward A Supportive Firm Culture

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    As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.

  • Series

    Pursuing Wellness: Mental Health Education As A Firm Priority

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    Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.

  • State Net

    Comparing States' Preparations For An Economic Downturn

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    Statistics indicate that many states have learned lessons from the Great Recession, and are better prepared for the next recession. Those that are not setting aside money to see them through the inevitable fiscal crisis would be wise to start saving for a rainy day, says Lou Cannon of State Net Capitol Journal.

  • Series

    Pursuing Wellness: A Firm's Work With Mental Health Experts

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    Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.

  • Key Issues To Consider In Foreign Bankruptcy Proceedings

    Excerpt from Lexis Practice Advisor
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    In PT Bakrie Telecom, the New York bankruptcy court provided a primer on several important issues to consider in a Chapter 15 foreign bankruptcy proceeding — most notably that the conclusion of a foreign proceeding doesn't necessarily prevent the later appointment of a foreign representative, say Dan Moss and Mark Douglas of Jones Day.

  • Searching For A Legal Pathway For CBD Products

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    Sales of products containing CBD are booming, but companies selling them are still faced with a regulatory quagmire, struggling to understand how to legally promote, label and distribute CBD consumables in light of gridlock at the U.S. Food and Drug Administration and inconsistent state laws, say attorneys at DLA Piper.

  • FTC Settlement Over COPPA Will Change YouTube's Biz Model

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    While the $170 million fine received most of the headlines, the recent settlement of the Federal Trade Commission and New York attorney general with Google and YouTube includes provisions that ultimately could expose content creators and channel owners to liability under the Children's Online Privacy Protection Act, says Allison Fitzpatrick of Davis & Gilbert.

  • Series

    Pursuing Wellness: When A Firm Brings Counseling On Site

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    One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.

  • SEC's Broker Bar Stance Hinges On Penalties Vs. Remedies

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    The U.S. Securities and Exchange Commission's recent decision holding that Financial Industry Regulatory Authority expulsions are remedial, not punitive, spells out how far a regulator can go in sanctioning securities misconduct in light of the U.S. Supreme Court's Kokesh opinion, says Clinton Marrs of Marrs Griebel Law.

  • Series

    Pursuing Wellness: Inside A Firm Meditation Program

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    After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.

  • NY Tax Minutes: City Finances, Transparency, Tribunal Rulings

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    In their recap of New York's recent tax highlights, Timothy Noonan and Craig Reilly of Hodgson Russ discuss the New York City financial plan through 2023, the new industrial development agency transparency requirement and three notable Tax Appeals Tribunal decisions.

  • Early Sampling Of Electronic Info Is Underutilized In Discovery

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    The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.

  • Opinion

    California, Follow NY's Lead And Pass An FCA Tax Bill

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    Legislation poised to expand California’s False Claims Act to include tax cases recently stalled, but in New York similar legislation provided whistleblowers with incentive to come forward and earned the state revenue, says Justin Wagner, a former assistant attorney general in New York's Taxpayer Protection Bureau.

  • Opinion

    Video Capacity Will Boost NY As Commercial Dispute Forum

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    The New York Supreme Court's Commercial Division Advisory Council recently proposed a rule on video conferencing that would save lawyers and their clients time and money, and allow the division to maintain its leadership in using technology to enhance the efficient administration of justice, says council member Scott Mollen of Herrick Feinstein.

  • TM Rights Vs. Free Speech In Humvee Call Of Duty Case

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    The New York federal court case AM General v. Activision, involving use of the trademarked "Humvee" vehicle in a First-Amendment-protected video game, is set to have wide-ranging legal, creative and brand implications across a host of industries, says David Jacoby of Culhane Meadows.