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October 28, 2025
Getting Grilled By FINRA 'Blows,' StraightPath Exec Texted
A StraightPath co-founder on trial for an alleged $400 million investor fraud complained via text about a Financial Industry Regulatory Authority probe as he gave what prosecutors call false testimony, evidence before a Manhattan federal jury showed Tuesday.
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October 28, 2025
Trump Appeals 'Unprecedented' NY Criminal Conviction
President Donald Trump appealed his New York criminal conviction for falsifying business records, arguing the charges were defective, the jury was improperly instructed, the judge was biased and that he was immune from prosecution.
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October 28, 2025
Google Liable Again As DOJ's Ad Tech Win Extends To MDL
A New York federal judge held Google liable Tuesday for illegally monopolizing its advertising placement technology business, dramatically narrowing the scope of the multidistrict litigation from website publishers, advertisers and others by locking the technology giant into the Justice Department's win in a separate Virginia federal court case.
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October 27, 2025
MIT Bros Go After 'Sandwichers' In $25M Crypto Heist Trial
The CEO of Savannah Technologies on Monday took the witness stand in the trial of two MIT-educated brothers accused of stealing $25 million from the Israeli cryptocurrency trading firm and others, and quarreled with defense counsel over the appropriateness of the company's use of a controversial strategy known as sandwich trading.
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October 27, 2025
$HAWK Buyers Get Suits Over Coin Flop Consolidated
A New York federal court on Monday granted two groups of buyers of the viral "Hawk Tuah" meme-themed cryptocurrency to combine their securities suits against the meme coin's promoters and developers.
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October 27, 2025
Venezuelan Oil Company Looks To Pause $3B Bond Ruling
A subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently alter its business by taking away its "sole meaningful asset": the oil giant Citgo.
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October 27, 2025
OpenAI Can't Shake Authors' ChatGPT Infringement Claim
Some of the biggest names in literature and journalism can pursue their claim of direct copyright infringement against OpenAI based on the outputs of ChatGPT, a Manhattan federal judge ruled Monday, saying the complaint "squarely alleges" actual copying of the writers' works and substantially similar artificial intelligence outputs.
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October 27, 2025
AGs Push Congress To Close Intoxicating Hemp Loophole
Attorneys general from 39 states and U.S. territories are urging Congress to quash the intoxicating hemp products market which they say lawmakers inadvertently created through the 2018 Farm Bill, saying the "laudable legalization of commercial hemp" must be salvaged during the 2026 appropriations process.
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October 27, 2025
Kalshi Sues NY Regulator Over Cease-And-Desist Letter
Trading platform Kalshi on Monday accused the New York State Gaming Commission of intruding into the federal government's regulatory authority over derivatives trading, in a lawsuit following a cease-and-desist letter it received from the state regulator for allegedly illegal sports wagering.
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October 27, 2025
2nd Circ. Tosses Ex-Iconix CEO's Fraud Conviction
The Iconix Brand Group founder who was convicted of falsely inflating revenue by $11 million had his conviction overturned Monday by a Second Circuit panel that said he was subjected to double jeopardy.
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October 27, 2025
Title Insurer Avoids Coverage For Road Ownership Dispute
A property owner's title insurer owes no coverage for an underlying quiet title action over ownership of a private road between two separate properties, a New York federal court ruled, finding coverage exceptions in two policies relating to the rights of parties "in possession" were applicable.
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October 27, 2025
Epstein Docs From JPMorgan Case To Be Largely Unsealed
A New York federal judge agreed Friday to unseal the "great majority" of documents sought by The New York Times and The Wall Street Journal in since-settled litigation alleging JPMorgan Chase aided Jeffrey Epstein's sex-trafficking activity, finding the names of individuals who discussed Epstein with bank executives must be unsealed.
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October 27, 2025
House Committee Wants NBA Commish Briefing On Gambling
The House Committee on Energy and Commerce wrote to NBA Commissioner Adam Silver on Friday requesting a briefing on the indictments of players and coaches in a federal gambling investigation, seeking his appearance no later than the end of the week.
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October 27, 2025
Music Labels Fight To Keep Copyright Claim In AI Case
A group of major music labels suing artificial intelligence music company Udio for copyright infringement have told a Manhattan federal judge the startup was mischaracterizing the labels' arguments to have the case trimmed down.
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October 27, 2025
NY Judge Orders State Agency To Issue Climate Regulations
A New York state judge on Friday sided with green groups that sued the Department of Environmental Conservation for failing to promulgate regulations implementing a climate change law that the agency says would burden residents with high costs.
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October 27, 2025
Chinese E-Commerce Giant Can't Block Class Arbitration
Chinese e-commerce giant Dangdang must face class arbitration of claims that it grossly shortchanged minority shareholders when it went private in 2016, after a judge in New York ruled that the tribunal did not exceed its power despite the underlying arbitration clause not mentioning class arbitration.
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October 27, 2025
CVS Let 401(k) Get Bogged Down With High Fees, Suit Says
CVS costs workers millions in retirement savings and violated federal benefits law by failing to rein in excessive administrative fees in its $27 billion 401(k) plan, a former pharmacist said in a proposed class action filed in New York federal court.
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October 27, 2025
Former Emirates Workers Demand Class Cert. In Layoff Suit
Emirates' arguments against class certification for a suit accusing the airline of discriminating against American employees during layoffs in 2020 highlight that workers share common issues, a group of former employees told a New York federal court.
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October 27, 2025
MSG's Top Atty To Exit After Less Than Two Years In Role
Less than two years after taking the position, Madison Square Garden Entertainment Corp.'s top lawyer has "agreed" to leave the company this week, according to a securities filings Friday.
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October 27, 2025
Simpson Thacher Adds Kirkland Energy Finance Pro In NY
Simpson Thacher & Bartlett LLP has grown its banking and credit practice in New York with the addition of a Kirkland & Ellis LLP partner, the firm said Monday.
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October 27, 2025
R. Kelly's Prison Leak Suit Tossed Again For Missed Deadlines
R&B artist R. Kelly, 58, who is serving a 31-year sentence for sexually exploiting children and other crimes, saw his Illinois federal suit alleging prison officers leaked his private information to journalists and others dismissed due to his lawyers' "glaring" failure to meet deadlines.
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October 27, 2025
Willkie Taps Longtime Kirkland Atty To Lead Restructuring
Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.
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October 27, 2025
Baldoni Says Insurer Must Join Calif. Lively Coverage Dispute
Justin Baldoni, the "It Ends With Us" lead and director facing sexual harassment claims from co-star Blake Lively, asked a New York federal court to dismiss an insurer's lawsuit seeking to avoid coverage, noting that he and other insureds have already filed a similar coverage action in California state court.
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October 27, 2025
Marketing Co. Escapes 401(k) Forfeiture Suit, For Now
A New York federal court nixed a proposed class action against a marketing company from two ex-workers who said 401(k) plan forfeitures were misspent, holding that allegations of fiduciary breach and prohibited transactions failed to state a claim for violating federal benefits law.
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October 27, 2025
StraightPath Ex-Sales Agent Tells Jury He Lied To Customers
A former StraightPath sales agent told a Manhattan federal jury Monday that he falsely assured would-be customers on the soundness of investing in pre-initial public offering shares, as three founders of the private equity firm faced charges of fraudulently raising roughly $400 million.
Expert Analysis
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State Paid Leave Laws Are Changing Employer Obligations
A wave of new and expanded state laws covering paid family, medical and sick leave will test multistate compliance systems, marking a fundamental operational shift for employers that requires proactive planning, system modernization and policy alignment to manage simultaneous state and federal obligations, says Madjeen Garcon-Bonneau at PrestigePEO.
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In NY, Long COVID (Tolling) Still Applies
A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte.
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Opinion
Expert Reports Can't Replace Facts In Securities Fraud Cases
The Ninth Circuit's 2023 decision in Nvidia v. Ohman Fonder — and the U.S. Supreme Court's punt on the case in 2024 — could invite the meritless securities litigation the Private Securities Litigation Reform Act was designed to prevent by substituting expert opinions for facts to substantiate complaint assertions, say attorneys at A&O Shearman.
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Opinion
High Court, Not A Single Justice, Should Decide On Recusal
As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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Series
Traveling Solo Makes Me A Better Lawyer
Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.
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NY Zelle Suit Highlights Fraud Risks Of Electronic Payments
The New York attorney general's recent action against Zelle's parent company, filed several months after the Consumer Financial Protection Bureau abandoned a similar suit, demonstrates the fraud risks that electronic payment platforms can present and the need for providers to carefully balance accessibility and consumer protection, say attorneys at Weiner Brodsky.
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Series
Law School's Missed Lessons: Client Service
Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.
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Bid Protest Spotlight: Documentation, Overrides, Eligibility
Recent decisions by the U.S. Court of Federal Claims and the U.S. Government Accountability Office illustrate the importance of contemporaneous documentation in proposal evaluations, the standards for an agency’s override of a Competition in Contracting Act stay, and the regulatory requirements for small business joint ventures, says Cody Fisher at MoFo.
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A Primer For Lenders On NY's New Mortgage Disclosure Regs
A recent New York regulation requiring licensed lenders and mortgage bankers to distribute a significant new disclosure pamphlet, essentially a borrower bill of rights, to applicants serves as a reminder to the industry to follow existing best practices, says Scott Samlin at Blank Rome.
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Enter The Wu-Tang Ruling That May Change Trade Secret Law
A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block.
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How Financial Cos. Can Prep As NYDFS Cyber Changes Loom
Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.
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Series
Adapting To Private Practice: 3 Tips On Finding The Right Job
After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.
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Breaking Down The Intersection Of Right-Of-Publicity Law, AI
Jillian Taylor at Blank Rome examines how existing right-of-publicity law governs artificial intelligence-generated voice-overs, deepfakes and deadbots; highlights a recent New York federal court ruling involving AI-generated voice clones; and offers practical guardrails for using AI without violating the right of publicity.
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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NY AML Rules Get Crypto Rebrand: What It Means For Banks
A recent letter from the New York State Department of Financial Services outlining how banks can use blockchain analytics in anti-money laundering efforts is a reminder that crypto activity is not exempted from banks' role in keeping the financial system safe, says Katherine Lemire at Lankler Siffert.