New York

  • May 13, 2021

    Deals Rumor Mill: Full Truck Alliance, A-Rod, Vice Media

    China’s Full Truck Alliance could be worth $20 billion after an IPO, Alex Rodriguez and an entrepreneur might pay $1.5 billion for two Minnesota basketball teams, and a proposed SPAC merger could value Vice Media at about $3 billion. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • May 13, 2021

    Cooley, Fenwick Craft $425M Merger Of Health Care Fintechs

    Private equity-backed Cedar will pay $425 million to acquire fellow health care-focused fintech platform provider OODA Health, the companies said Thursday, in a deal stitched together with help from respective legal advisers Cooley LLP and Fenwick & West LLP.

  • May 13, 2021

    NY Senate OKs Bill Nixing Atty In-State Office Requirement

    The New York Senate on Wednesday overwhelmingly passed a bill that would allow attorneys to practice in the state without keeping a physical office there and while living elsewhere, reflecting a paradigm shift in a profession that has largely gone remote due to the pandemic.

  • May 12, 2021

    Ericsson To Pay Nokia €80M To Nix FCPA Probe-Related Claim

    Ericsson has agreed to pay Nokia €80 million ($97 million) to end a damages claim related to the 2019 resolution of allegations by U.S. agencies that the Stockholm-based telecom giant violated the U.S. Foreign Corrupt Practices Act, it was announced Wednesday.

  • May 12, 2021

    Gibson Dunn Partner Questioned On 7-Figure Donziger Bills

    A Gibson Dunn partner with a lead role in pursuing financial information from Chevron foe Steven Donziger acknowledged during cross-examination Wednesday that the oil giant was willing to spend millions to pursue an $800,000 judgment and other relief against him.

  • May 12, 2021

    Private Eyes Want $1.2M Deal OK'd In OT Wages Suit

    Private investigators asked a New York federal magistrate judge to give his initial nod Wednesday to a $1.2 million settlement ending a proposed class action accusing the private investigation firm CoventBridge of stiffing them on overtime wages and travel time pay.

  • May 12, 2021

    Feds Say Private Equity CEO Forged Docs To Get $95M Loan

    The CEO of a private equity fund lied about his investors and used bogus financial documents to obtain a $95 million loan from a California bank, according to an indictment handed up in Manhattan federal court Wednesday.

  • May 12, 2021

    Investors Seek $6M Win In Suit Over Failed Hotel Project

    A group of investors has asked a New York federal court for a judgment of more than $6 million in its suit accusing hotel developers of stealing funds for a project in Colombia that never happened, saying the developers breached their obligation to repay the money that was loaned.

  • May 12, 2021

    MLS Says Player Must Return From Saudi Arabia Under CBA

    Major League Soccer filed a petition Wednesday asking a Manhattan federal judge to enforce its arbitration win against a former New York Red Bulls player whom it accused of abandoning his union-negotiated contract to play in Saudi Arabia's league.

  • May 12, 2021

    Ghislaine Maxwell Sex Trafficking Trial Set For November

    A New York federal judge on Wednesday set a November trial date for Ghislaine Maxwell, the former associate of deceased financier Jeffrey Epstein, on sex trafficking charges.

  • May 12, 2021

    Black FDNY Workers Lose Cert. Fight In Bias Battle

    A federal judge in Manhattan refused to certify a class of Black employees in a lawsuit accusing the Fire Department of New York of discriminating against Black workers and job seekers, finding Wednesday that the proposed 400-member class doesn't have enough in common.

  • May 12, 2021

    Flyers Elevate Merger Case From Bankruptcy To District Court

    Customers in a long-running challenge to the merger of American Airlines and US Airways have asked a New York district court to revive their case after losing a rare bench trial in bankruptcy court on their antitrust claims, contending the bankruptcy judge ignored key precedent.

  • May 12, 2021

    Ad Agency Wants To Revive Beef With NRA After Ch. 11 Toss

    The National Rifle Association's former advertising agency asked a Texas federal court on Wednesday to lift a stay on its defamation counterclaim against the group, lodging the request one day after a Texas bankruptcy judge tossed the NRA's Chapter 11 case.

  • May 12, 2021

    2nd Circ. Won't Revive Suit Against Pfizer Over Lipitor

    The Second Circuit on Wednesday denied an appeal by patients alleging that Pfizer Inc.'s former cholesterol drug Lipitor gave them Type 2 diabetes, agreeing with the trial court's decision that their claims were either federally preempted or filed too late.

  • May 12, 2021

    Citi Denied $500M Freeze Extension In Revlon Transfer Fight

    A New York federal judge ruled Wednesday that a group of Revlon lenders that were accidentally wired more than $500 million by Citibank NA last summer should be able to have access to that money while the bank takes its clawback effort to the Second Circuit, though he won't be unfreezing the funds just yet.

  • May 12, 2021

    Ex-Electric Co. Controller Charged By Feds With $17M Fraud

    The former controller of a New York City electric contractor siphoned $17 million from the company so that she and her Florida family could live a "life of luxury," the Manhattan U.S. Attorney's office said Wednesday, unveiling charges against her, her husband and two children.

  • May 12, 2021

    Purdue's Ch. 11 Confirmation Hearing Set For August

    A New York bankruptcy judge on Wednesday approved a motion setting an August date for Purdue Pharma's Chapter 11 plan confirmation hearing, assuming the drugmaker's plan disclosure statement is approved next week.

  • May 12, 2021

    2nd Circ. Revives Hispanic Cop's Race Bias Claim

    The Second Circuit on Wednesday gave a Hispanic cop a second chance to argue that he faced discrimination at his upstate New York police department, saying he sufficiently spelled out a race bias claim despite failing to list it as a separate count in his complaint.

  • May 12, 2021

    High Court's Pension Ruling Is Sinking Health Plan Suits

    Employer attempts to use a 2020 U.S. Supreme Court ruling that limited litigation over pensions to also knock out 401(k) class actions have largely fallen flat, yet they are starting to see success in an unexpected context: suits over health plan management.

  • May 12, 2021

    Biden's 3rd Wave Of Judicial Picks Has 3 For Circuit Courts

    President Joe Biden tapped six women and lawyers of color for judicial spots Wednesday, including two for the Second and Tenth circuits who would become the only judges on those courts with experience as federal public defenders.

  • May 11, 2021

    Defunct Kenyon Firm Loses $9M Fee Fight With Ex-IP Client

    Kenyon & Kenyon LLP, a now-shuttered intellectual property law firm, can't recover $9.3 million in unpaid legal fees from a former client that invented a system for music and film downloads, a New York judge ruled Monday, saying the firm waited too long to seek its payday. 

  • May 11, 2021

    NLRB Judge Chides Amazon, Board Attys In Firing Case

    A National Labor Relations Board judge erupted at attorneys for Amazon and the worker the company is accused of firing for his role in protests against the company's COVID-19 safety policies, scolding them Tuesday for repeatedly asking pointless questions.

  • May 11, 2021

    Gibson Dunn Atty Rebuts Donziger Privacy Concerns At Trial

    A Gibson Dunn & Crutcher partner testified Tuesday in Chevron foe Steven Donziger's contempt trial that a court order mandating him to hand over his devices included privacy protections, despite Donziger's fears about delivering the entire body of his communications to the company.

  • May 11, 2021

    Kasowitz Calls Ex-UMG Exec's Malpractice Suit 'Preposterous'

    Kasowitz Benson Torres LLP and founder Marc Kasowitz have asked a New York state judge to toss a suit accusing them of giving bad legal advice to a former Universal Music Group executive when they struck a $1.7 million sexual harassment settlement on his behalf, calling the claims "preposterous."

  • May 11, 2021

    BitMEX Anti-Money Laundering Trial Set For March

    A New York federal judge on Tuesday set a trial date next spring for the founders of BitMEX on charges that the offshore cryptocurrency derivatives exchange evaded U.S. anti-money laundering rules.

Expert Analysis

  • Opinion

    NY Bad Faith Bill Would Tip The Scales Against Insurers

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    A recently introduced New York bill proposes a statutory cause of action for insurance company bad faith when legal remedies already exist, which may dangerously upset the balance between insurers and policyholders, say attorneys at Hurwitz & Fine.

  • Challenging Class Cert. When Plaintiffs Missed 'False' Ad

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    False advertising class action plaintiffs often target language from a defendant's marketing materials or product label — but a defendant may be able to challenge class certification with evidence that many class members did not see the statement in question, say Michael Schwartz and Maren Messing at Patterson Belknap.

  • Uniformity Goal Eludes Defend Trade Secrets Act, 5 Years On

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    Five years after the enactment of the Defend Trade Secrets Act, work remains to be done on achieving uniformity across jurisdictions, because state law differences being imported into the DTSA are creating the same patchwork of law the act was intended to rectify, say attorneys at MoFo.

  • Judge's Rebuke Of Mass. AG Has Lessons For All Attorneys

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    A Massachusetts federal judge’s recent rebuke of the state Attorney General’s Office for refusing to respond to discovery requests in Alliance for Automotive Innovation v. Healey highlights six important considerations for attorneys who want to avoid the dreaded benchslap, say Alison Eggers and Dallin Wilson at Seyfarth.  

  • How 5-Year-Old Defend Trade Secrets Act Has Met Its Goals

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    Case law and data reveal that, five years after its enactment, the Defend Trade Secrets Act has opened up federal courts to litigants and has proven effective against extraterritorial misappropriation, while concerns about inconsistency and overuse of ex parte seizures have not borne out, say attorneys at Crowell & Moring.

  • Font Considerations To Give Your Legal Briefs An Edge

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    Following the D.C. Circuit’s recent notice discouraging use of the font Garamond in legal briefs, Jason Steed at Kilpatrick looks at typeface requirements and preferences in appellate courts across the country, and how practitioners can score a few extra brief-writing points with typography.

  • Avoiding Biometric Privacy Class Actions After Md., NY Bills

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    Pending biometric privacy laws in Maryland and New York, if passed, could trigger other jurisdictions to follow suit, so businesses should start implementing compliance practices now to stave off a wave of class actions, says David Oberly at Blank Rome.

  • Make Profitability Management Part Of Your Law Firm Culture

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    As the legal industry continues to change in the post-pandemic world, law firms should adapt to client demands by constantly measuring and managing the profitability of their services, says Joseph Altonji at LawVision.

  • Indoor Air Pollution Fix Will Require New Laws, New Tech

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    The COVID-19 pandemic, an aging population and changing workplace dynamics all foretell more exposure to indoor air pollutants, so a multidisciplinary policy approach combining technology, insurance, funding and regulation will be needed to improve indoor air quality and health, says Ann Al-Bahish at Haynes and Boone.

  • How D&O Coverage Fits Into Diversity Claim Mitigation

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    As companies face a shift in the directors and officers insurance market following a spate of recent shareholder suits over lack of diversity in corporate leadership, executive teams should review D&O policy coverage while implementing diversity initiatives that will effect meaningful, long-term change, say Natasha Romagnoli and Hannah Ahn at Blank Rome.

  • FERC Settlement Highlights Transparency For Power Cos.

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    The Federal Energy Regulatory Commission's recent settlement with Alliance NYGT underscores how important it is for electric power companies to ensure that they communicate accurate and timely information to independent system operators and regional transmission organizations with whom they have contracts, say Paul Pantano Jr. and Thomas Millar at Willkie.

  • 4 Trends In Discoverability Of Litigation Funding Documents

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    Recent rulings shed light on how courts and international arbitration tribunals decide if litigation funding materials are discoverable and reaffirm best practices that attorneys should follow when communicating with funders, say Justin Maleson at Longford Capital and Michele Slachetka and Christian Plummer at Jenner & Block.

  • Opinion

    Courts Should Clarify Contours Of NY Gov't Transparency Law

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    Following the Second Circuit's recent decision in Uniformed Fire Officers v. de Blasio to allow publication of New York City police disciplinary records, courts should address whether third parties can intervene in similar lawsuits and challenge disclosures under New York's Freedom of Information Law, say Roger Cooper and Ye Eun Charlotte Chun at Cleary.

  • Opinion

    SEC Should Drop Litigation Over Ripple's XRP Token

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    The U.S. Securities and Exchange Commission should settle or withdraw its allegations that Ripple Labs' XRP is an unregistered security, and focus on creating new rules for securities registration that account for the unique dynamics of digital assets, says J.W. Verret at George Mason University.

  • Cannabis Legalization's Effects On Insurance Industry

    Excerpt from Practical Guidance
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    Resolution of the legal uncertainty presented by the dueling federal and state approaches to cannabis will pave the way for legal cannabis businesses to access the insurance protections the industry needs for everything from workers' compensation to auto insurance to general liability, says Christy Thiems at the American Property Casualty Insurance Association.

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