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May 14, 2026
The Second Circuit on Thursday once again weighed the nearly decadelong fraud case against former Platinum Partners executives, which has led to hard-fought trials, convictions, acquittals, appellate reversals and even a presidential pardon, as defense counsel and the government alike argued that a litany of errors demand rectification.
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May 14, 2026
Indian billionaire businessman Gautam Adani and his nephew, Sagar Adani, agreed Thursday to pay a combined $18 million to resolve the U.S. Securities and Exchange Commission's suit accusing them of committing securities fraud in connection with a $750 million bond offering.
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May 14, 2026
A class of Oppenheimer & Co. customers are asking a New York federal judge to greenlight a $70 million settlement resolving their claims that the investment bank pocketed hefty fees from its cash sweep account program while paying customers "unreasonable, below-market interest rates."
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May 14, 2026
A New York federal judge Thursday dismissed a stock manipulation suit against Morgan Stanley Smith Barney, finding its temporary policy requiring customers to buy shares in Israeli chipmaker Eltek Ltd. over the phone, which allegedly enabled improper trading, to be "neither manipulative nor deceptive."
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May 14, 2026
A New York man sued The J.M. Smucker Co. in federal court on Thursday, alleging it misleads consumers by claiming its fudge topping is sweetened with Splenda, when in reality its primary sweeteners are less-healthy sugar alcohols and sugar substitutes.
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May 14, 2026
The Federal Circuit said Thursday it won't take up Columbia University's request for it to reconsider a portion of a panel decision by the appellate court that discarded a nine-figure patent judgment against the maker of Norton antivirus software.
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May 14, 2026
A BigLaw attorney who was able to move through three major firms while allegedly orchestrating a massive insider trading scheme may have been aided by relatively loose hiring practices for associates that firms may consider strengthening moving forward, recruiting experts told Law360.
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May 14, 2026
Tennis players told a New York federal court their professional association is being denied access to the French Open and Wimbledon in retaliation for suing several tournament operators and the sports' governing bodies for allegedly acting like a cartel to control their wages and working conditions.
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May 14, 2026
The New York City Bar Association's Professional Discipline Committee on Thursday threw its support behind a statewide bill to institute a random audit program for law firm financial accounts.
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May 14, 2026
The Second Circuit on Thursday affirmed a 20-year sentence for an Ecuadorian man from Florida who pushed the $14 million, international Forcount cryptocurrency Ponzi scheme, concluding that "any error" from a broadcast of the sentencing did not impact the outcome.
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May 14, 2026
A former Milbank LLP attorney has joined Seward & Kissel LLP in New York as head of the firm's structured credit practice.
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May 14, 2026
The U.S. Supreme Court ruled Thursday that federal courts that have sent a dispute to arbitration have jurisdiction to confirm or vacate a subsequent award, affirming a Second Circuit decision enforcing an award issued in a discrimination case involving a former hotel employee.
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May 13, 2026
Frito-Lay Inc. was hit with a proposed class action accusing it of deceiving consumers by labeling Lay's Poppables as having "no artificial flavors" when they actually contain two ingredients that are not natural.
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May 13, 2026
The developers of a $4 billion offshore wind energy project that should power half a million New York homes once it's finished believe it's time for a D.C. federal judge to once and for all tell the Trump administration that it cannot interfere with its construction.
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May 13, 2026
The Federal Reserve has broad discretion to cut financial institutions off from master accounts, the Second Circuit ruled Wednesday, rejecting a Puerto Rico bank's argument that it has a statutory right to what is commonly referred to as "bank accounts for banks."
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May 13, 2026
A Blackstone real estate investment trust focused on data centers is set to begin trading Thursday after raising $1.75 billion in an initial public offering, advised by Simpson Thacher & Bartlett LLP and underwriters' counsel Paul Hastings LLP.
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May 13, 2026
A jury deliberating in Harvey Weinstein's third Manhattan rape trial requested several pieces of evidence on Wednesday, including cross-examination testimony by his accuser, as the ex-Hollywood producer reported chest pains from the courthouse's holding area.
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May 13, 2026
A Colorado state jury declined to award $32.5 million to the lead contractor of the reconstruction project of a 10-mile stretch of Interstate 70 in Denver, finding instead that the contractor breached a subcontract and owes its subcontractor $1.3 million in damages.
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May 13, 2026
Shutterstock Inc. will pay $35 million to resolve the Federal Trade Commission's lawsuit alleging it knowingly deceived customers about its subscription plans' autorenewal policies, with one executive noting in internal communications they could "hopefully get away with it" when they saw competitor Adobe Inc. sued over its subscription practices in 2024.
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May 13, 2026
An Illinois federal judge Wednesday granted preliminary approval to two settlements totaling over $136 million that Atkore Inc. has agreed to pay to resolve allegations it conspired with other polyvinyl chloride pipe producers to fix prices.
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May 13, 2026
A Federal Circuit panel on Wednesday, in a one-line order, affirmed the Patent Trial and Appeal Board's determination that Nike's infringement claims against Lululemon Athletica Inc. related to fitness-tracking technology were invalid.
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May 13, 2026
Laid-off employees of Spirit Airlines have filed a putative class action against the debtor, demanding two months' pay and benefits following Spirit's abrupt shutdown and the loss of their jobs.
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May 13, 2026
A recently resigned Brooklyn state judge and a real estate investor were arrested Wednesday on federal charges they scammed $5 million from investors who backed their purported New Jersey commercial sale, allegedly pitched using the judge's good name.
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May 13, 2026
The New York State Department of Health's refusal to enforce payment obligations by Medicaid managed care organizations has cost a Queens-based safety net provider at least $3.3 million in underpayments for behavioral health services, according to a suit filed in New York federal court.
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May 13, 2026
New York cannabis regulators are urging a federal court to throw out a dispensary's challenge to the requirement that cannabis operators sign labor peace agreements with unions, saying the courts can't help a company violate federal law.