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September 17, 2025
Fried Frank Hires Ex-Wachtell IT Director As CIO
Fried Frank Harris Shriver & Jacobson LLP announced Wednesday the hiring of a chief information officer that most recently served as director of information technology at Wachtell Lipton Rosen & Katz.
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September 17, 2025
Purdue Can Pay CEO Ch. 11 Bonus After Trimming Comp
A New York bankruptcy judge Wednesday approved a nearly $3 million incentive program for Purdue Pharma's chief executive after he agreed to reduce his total compensation by $500,000.
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September 17, 2025
Venezuelan Bondholder Asks 11th Circ. To Revive Suit
The holder of a $43.2 million judgment against Venezuela over defaulted bonds asked the Eleventh Circuit on Wednesday to revive its suit seeking to gain control of various Miami properties controlled by a wealthy businessman accused of bribing Venezuelan officials.
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September 17, 2025
CORRECTED: NYC Construction Co. Prez Gets 4 Years For Contract Fraud
The 65-year-old president of a New York City construction company has been sentenced to 48 months in prison after pleading guilty in New York federal court to being part of a fraud scheme involving NYC homeless shelter contracts worth $12 million, the New York City Department of Investigation announced.
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September 17, 2025
Skadden, Latham Guide $1.6B Paramount Real Estate Deal
Real estate investment trust Paramount Group will be sold to asset manager Rithm Capital Corp. for about $1.6 billion, with Skadden Arps Slate Meagher & Flom LLP advising Rithm and Latham & Watkins LLP representing Paramount, the companies said Sept. 17.
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September 16, 2025
Google And AI Co. Sued Over Teen Death, Sexual Content
A chatbot maker with ties to Google was hit with three lawsuits in federal court Monday, two in Colorado and one in New York, by the families of minors who blame the companies for their children's suicide, suicide attempt and exposure to sexually explicit material.
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September 16, 2025
Feds Seek 12 Years For Frank Founder; She Wants No Prison
The startup founder convicted of lying to JPMorgan Chase so it would buy her college-aid startup, Frank, for $175 million deserves a 12-year prison sentence, Manhattan federal prosecutors argued, countering her request that she serve no time.
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September 16, 2025
Harborview Nurses In Ga. Score Collective Status In OT Suit
A pair of nurses who worked at Harborview Health Systems' facility in Rome, Georgia, brought enough evidence to show they and other similarly situated nurses were subjected to pay practices that shorted them on overtime wages to proceed as a collective action, a New York magistrate judge said Tuesday.
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September 16, 2025
Smoke Shop Owners Slam NY Tribe's Sanctions Request
Retailers accused by the Cayuga Nation of running an unsanctioned cannabis shop on tribal land have pushed back on a bid seeking sanctions against them for failing to turn over daily cannabis sales records despite a New York federal court's order to do so, arguing "two wrongs don't make a right."
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September 16, 2025
Strip Club Execs Accused Of Bribing Auditor With Lap Dances
Executives of strip club operator RCI Hospitality Holdings Inc. bribed a tax auditor for more than a decade to avoid paying $8 million in New York City sales taxes, providing him free trips to Florida strip clubs and expensive lap dances, the state of New York alleged Tuesday.
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September 16, 2025
2nd Circ. Revives Suit Over Buddhist Group's Water Pollution
The Second Circuit on Tuesday revived an environmental group's Clean Water Act enforcement suit accusing a New York Buddhist center of contaminating nearby waterways with wastewater containing fecal coliform bacteria.
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September 16, 2025
AT&T Wants Lead-Lined Cables Investor Suit Gone For Good
AT&T says it's time for a Texas federal court to dismiss an investor suit accusing the mobile behemoth of misleading investors about the removal of lead-covered copper cables from its network, for good.
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September 16, 2025
Chase Accused Of Credit Card Perks Bait-And-Switch
JPMorgan Chase Bank NA has been hit with a consumer's proposed class action accusing it of soliciting customers to pay for $750 credit card memberships and refusing to provide the card's promised benefits of select restaurant and streaming service payment reimbursement.
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September 16, 2025
Goldman, Morgan Stanley Beat Archegos Suit At 2nd Circ.
The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Goldman Sachs and Morgan Stanley of profiting off insider knowledge that the investment firm Archegos Capital Management was about to collapse, ruling that the companies had no duty to withhold from trading on the information.
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September 16, 2025
Latham, Cooley Lead Ticket Sales Giant StubHub's $800M IPO
StubHub, an online ticket reseller backed by private equity and venture capital firms, is set to hit the public markets Wednesday after pricing an $800 million initial public offering within its targeted range.
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September 16, 2025
Bakery Drivers Are Exempt From Arbitration, 2nd Circ. Told
Two Connecticut delivery drivers asked the Second Circuit on Tuesday to reverse an order sending their employment misclassification lawsuit to arbitration, arguing the Federal Arbitration Act doesn't apply to workers engaged in interstate commerce and cuts through contracts that purportedly cast them as independent contractors.
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September 16, 2025
Starbucks Resolves Swipe Fee Claims With BofA, Mastercard
Starbucks is the latest retailer to settle claims in an antitrust action Tuesday in New York federal court alleging Mastercard, Bank of America and several other financial institutions were part of an illegal scheme forcing merchants to pay excessive fees when shoppers pay with their credit or debit cards.
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September 16, 2025
BrainStorm Can't Shed Investors' ALS Treatment Trial Claims
Biopharmaceutical company BrainStorm Cell Therapeutics Inc. must face a proposed investor class alleging it misrepresented feedback from the U.S. Food and Drug Administration regarding clinical trials for an ALS product candidate that failed to get approval, though a Manhattan federal judge has tossed the suit's insider trading allegations and certain fraud claims.
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September 16, 2025
Deaf Renters Secure Class Cert. In Building Safety Suit
A New York federal judge on Tuesday certified two classes of hearing-impaired or deaf residents at adjacent Manhattan buildings, amid a tenant's claims that the owners failed to install critical safety measures at the properties designed to house hearing-impaired residents.
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September 16, 2025
Semiconductor Co. Must Face Pandemic Demand Suit
Semiconductor manufacturer STMicroelectronics cannot escape a putative investor class action accusing it of failing to acknowledge pandemic-related demand declines, with a New York federal judge ruling the suit plausibly alleges that the company omitted material facts in its public statements.
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September 16, 2025
Casino Giant Urges Fla. Court To Toss Bahamas Fraud Suit
U.S.-based casino operator Genting Americas Inc. has urged a Florida federal court to dismiss a lawsuit alleging that it used a resort in the Bahamas to obscure fraudulent activities, saying the suing real estate company failed to deliver a proper amended derivative complaint ordered by a judge.
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September 16, 2025
Travelers Must Cover Scholastic's IP Suit Costs, Not Damages
A Manhattan federal judge has ruled that a Travelers unit must cover Scholastic Inc. for costs incurred in its defense and settlement of a trademark and copyright infringement suit, but not pay consequential damages Scholastic had sought.
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September 16, 2025
Twitter Stock Maven Tells Jury He Was 'Addicted' To Trading
An Ohio salesman accused of securities fraud told a Manhattan federal jury Tuesday that he was hooked on trading penny stocks, after a rough morning of testimony during which a lawyer from the U.S. Securities and Exchange Commission forced him to admit his goal was to move share prices.
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September 16, 2025
AI Startup Boost Run To Go Public Via $614M SPAC Merger
Artificial intelligence cloud infrastructure and high performance compute provider Boost Run LLC on Tuesday announced plans to go public by merging with special purpose acquisition company Willow Lane Acquisition Corp. in a $614 million deal built by Ellenoff Grossman & Schole LLP and Winston & Strawn LLP.
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September 16, 2025
NJ Justices Suspend Atty Over Bank Loan Scheme Conviction
The New Jersey Supreme Court has indefinitely suspended an attorney and former director of the now-shuttered Park Avenue Bank after he was convicted for his role in a scheme to profit off of a loan using a straw borrower.
Expert Analysis
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Series
Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Cos. Face Enviro Justice Tug-Of-War Between States, Feds
The second Trump administration's sweeping elimination of environmental justice policies, programs and funding, and targeting of state-level EJ initiatives, creates difficult questions for companies on how best to avoid friction with federal policy, navigate state compliance obligations and maintain important stakeholder relationships with communities, say attorneys at Arnold & Porter.
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Combs Case Reveals Key Pretrial Scheduling Strategies
The procedural battles over pretrial disclosure deadlines leading up to the criminal trial of Sean “Diddy” Combs show how disclosure timing can substantially affect defendants’ ability to prepare and highlight several scheduling pointers for defense counsel, says Sara Kropf at Kropf Moseley.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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How Attys Can Use A Therapy Model To Help Triggered Clients
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.
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3 Steps For In-House Counsel To Assess Litigation Claims
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.
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Despite SEC Climate Pause, Cos. Must Still Heed State Regs
While businesses may have been given a reprieve from the U.S. Securities and Exchange Commission's rules aimed at standardizing climate-related disclosures, they must still track evolving requirements in states including California, Illinois, New Jersey and New York that will soon require reporting of direct and indirect carbon emissions, say attorneys at Husch Blackwell.
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Series
Teaching College Students Makes Me A Better Lawyer
Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.
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Atty Insurance Implications Of Rising Nonclient Cyber Claims
As law firms are increasingly targeted in cyberattacks, claims by clients as well as nonclients against lawyers are also on the rise, increasing the scope of exposure that attorneys face in their practice, say attorneys at Wilson Elser.
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Series
Adapting To Private Practice: From DOJ Enviro To Mid-Law
Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.
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AG Watch: Letitia James' Major Influence On Federal Litigation
While the multistate cases brought by New York Attorney General Letitia James appear to be based upon her interpretation of the effect of the Trump administration's policies on New York state and its residents, most also have a decidedly political tone to them, says Dennis Vacco at Lippes Mathias.
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Class Actions At The Circuit Courts: April Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four federal appellate court decisions and identifies practice tips from cases involving pretrial detainee bail funds, employment law, product defect allegations and claims of not providing proper pain medication at a jail.
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Employer Tips For Navigating Cultural Flashpoints Litigation
A New York federal court's recent refusal to fully dismiss claims that Cooper Union failed to address antisemitism underscores why employment litigation that involves polarizing political, social or cultural divides requires distinct defense strategies to minimize risk of an adverse outcome and of negative impacts on the employer's reputation, say attorneys at Seyfarth Shaw.
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NY Tax Talk: Sourcing, Retroactivity, Information Services
Attorneys at Eversheds Sutherland examine recent decisions by New York’s Tax Appeals Tribunal, Division of Taxation and Court of Appeals on location sourcing of broker-dealer receipts, a case of first impression on the retroactive application of Corporate Franchise Tax regulations and when fees for information services are excluded from taxation.