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April 14, 2026
Trustee's Office Balks At Spirit Disclosure, Wants More Info
The U.S. Trustee's Office asked a New York bankruptcy judge to reject Spirit Airlines' bid to take a Chapter 11 plan to a vote, saying the debtor's disclosure statement regarding the plan is too thin.
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April 14, 2026
Wells Fargo, JPMorgan Mulling Mediation In $481M Loan Suit
Wells Fargo Bank is considering mediating and settling its suit against JPMorgan Chase Bank and a New York City developer over a $481 million commercial mortgage-backed securities loan deal that allegedly caused millions of dollars in losses, according to a joint letter filed in New York federal court.
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April 14, 2026
Feds Say USDA Can Tie State Funding To Gender Policies
The U.S. Department of Agriculture defended its move to condition grant funding on compliance with Trump administration policies on gender, women's sports, diversity and immigration, telling a Massachusetts federal judge that states can forgo the funding if they don't want to comply.
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April 14, 2026
Davis Polk-Led Lightyear Capital Raises $2.5B For 6th Fund
Davis Polk & Wardwell LLP-advised middle market private equity shop Lightyear Capital on Tuesday announced that it closed its sixth fund at its hard cap after securing $2.5 billion of investor commitments.
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April 14, 2026
Keurig Accused Of Falsely Labeling K-Cups Recyclable
Keurig Dr Pepper Inc. is facing a proposed class action alleging it violated New York consumer protection statutes by deceptively labeling its popular K-Cup pods as recyclable.
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April 14, 2026
Holland & Knight Hires ERISA, Compensation Pro From Katten
Holland & Knight LLP announced on Monday that it had hired a Katten Muchin Rosenman LLP partner who focuses on the Employee Retirement Income Security Act, employee benefits and executive compensation.
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April 14, 2026
Avanos Medical Going Private In $1.3B Deal Led By 3 Firms
American Industrial Partners has agreed to acquire Avanos Medical Inc. in an all-cash transaction valued at nearly $1.3 billion, a take-private deal steered by three law firms, Avanos announced Tuesday.
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April 14, 2026
NY State Bar Association Elevates Longtime Leader
A longtime staff leader of the New York State Bar Association was officially named the new executive director after more than two decades with the organization, according to an announcement this week.
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April 14, 2026
Rakoff Says $300M Piracy Case Among Worst He's Seen
U.S. District Judge Jed S. Rakoff entered default judgment Tuesday at the request of a group of music companies against the online shadow library Anna's Archive, calling the piracy instigated by the site one of the most "horrendous acts of piracy brought to my attention."
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April 14, 2026
JPMorgan Says Dimon Claim Can't Keep Trump Suit In Florida
JPMorgan Chase is pressing its bid to move a whittled version of President Donald Trump's $5 billion debanking lawsuit to New York federal court, arguing the president can't use a "makeweight claim" against its CEO, Jamie Dimon, to anchor the case in Florida state court.
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April 13, 2026
Crypto Suit Fails Without Proof Of Partnership, 2nd Circ. Says
An Oregon man has not shown that he is entitled to a share of profits from a purported joint venture in cryptocurrency investment involving a once close friend, the Second Circuit said Monday, affirming a Manhattan federal judge's dismissal of the claims.
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April 13, 2026
Fla. Court Delays Cosmetic Co. Ch. 11 Plan Over Claim Protest
A Florida bankruptcy judge delayed confirming a cosmetic company's reorganization plan Monday after a creditor protested that its claim was inequitably subordinated in favor of a lender, which agreed to convert its loans to equity in a deal worth roughly $80 million.
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April 13, 2026
Legislative Update: Cannabis And Psychedelics Bill Roundup
Massachusetts legislators sent a bill making numerous changes to the state's cannabis regulatory scheme to the governor, Oregon and Louisiana advanced legislation to expand medical marijuana access to seriously ill patients in healthcare facilities, and Virginia's governor approved legislation paving the way for medical psilocybin if the drug's federal status should change. Here are the major moves in cannabis and psychedelics legislation from the past week.
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April 13, 2026
Columbia Seeks Fed. Circ. Redo Of Axed Norton Patent Ruling
Columbia University has asked a Federal Circuit panel to partly reconsider a decision discarding a nine-figure patent judgment against the maker of Norton antivirus software, saying the university did request a jury instruction on foreign sales damages that the appeals court said it did not seek.
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April 13, 2026
United Homes Faces Investor Suit Over Discounted Sale Plan
Homebuilder United Homes Group Inc. faces a proposed investor class action alleging the company hid that its former CEO schemed to devalue the company as he gunned to sell it off, leading to a proposed sale that caused significant shareholder losses by cutting the company's valuation in half.
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April 13, 2026
Bus Cos. Drop $2M Pension Suit Against Teamsters Fund
Three New York City school bus companies have dropped their $2 million Employee Retirement Income Security Act lawsuit against a Teamsters pension fund after the Second Circuit issued a decision supporting their argument, telling a New York federal judge Monday they no longer need to pursue litigation.
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April 13, 2026
26North Wraps $5.9B Debut PE Fund Above Target
New York-based private equity shop 26North Partners LP announced Monday that it has closed its inaugural private equity fund above target with $5.9 billion in tow.
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April 13, 2026
Chamber, Other Biz Groups Back Insulin Cos. At High Court
The U.S. Chamber of Commerce and other business groups urged the U.S. Supreme Court to take up an appeal from Sanofi-Aventis, Eli Lilly, Novo Nordisk and AstraZeneca, arguing the Second Circuit's revival of an antitrust suit risks opening up liability just for trade group membership.
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April 13, 2026
Abbott Urges Toss Of Relator, State Suits In FCA Recall Row
Abbott Laboratories urged a Michigan federal court to throw out litigation brought by whistleblowers and a group of states over the 2022 infant formula shortage, saying their respective complaints lacked the details necessary to support claims that it defrauded numerous healthcare programs.
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April 13, 2026
DLA Piper Defeats Fired Associate's Claims Of Pregnancy Bias
A federal jury in Manhattan declined to award damages Monday to a former associate who says DLA Piper unlawfully fired her after she announced she was pregnant, absolving the BigLaw firm hours after tense closing arguments.
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April 13, 2026
Green Roofing Co. Says Ex-Employee Stole Clients, Trade Secrets
A green wall and roofing company has accused a former employee of siphoning trade secrets and clients through misrepresentations and using them to start a competing company before making efforts to cover her tracks.
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April 13, 2026
HUD Unveils $1.1B To Back Housing In Tribal Communities
The U.S. Department of Housing and Urban Development's Office of Native American Programs says it will allocate more than $1.1 billion in Indian Block Grant funding for almost 600 tribal nations to support affordable housing projects.
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April 13, 2026
Cooley Adds Ex-Silver Lake Leader To Private Equity Team
Cooley LLP has strengthened its private equity offering by adding Silver Lake's former legal director of fund formation as a New York-based partner, the firm announced Monday.
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April 13, 2026
Robbins Geller To Lead Investor Suit Despite Filing Glitch
A New York federal judge has appointed Robbins Geller Rudman & Dowd LLP as lead counsel in a proposed class action against BellRing Brands, the owner of Premier Protein and other supplement brands, after finding a lead counsel bid that was filed six minutes past the deadline due to a technical glitch was excusable.
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April 13, 2026
The Justices Had Their Say On Immunity. Is A DC Jury Next?
The limits of presidential immunity are once again set to be tested after a D.C. federal judge ruled President Donald Trump must face civil claims over the Jan. 6, 2021, riots, clearing the way for trial and potentially another high-stakes appeal to the U.S. Supreme Court.
Expert Analysis
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CFTC Actions Show Prediction Market Insider Trading Risks
It is a myth that insider trading law does not apply in prediction markets, as the U.S. Commodity Futures Trading Commission's recent enforcement actions illustrate that it has full authority to pursue such cases federally — and intends to, says attorney Gregg Goldfarb.
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Prepping For White House's Proposed AI Framework
The artificial intelligence legislative framework issued by the White House last month reframes the policy landscape, creating a number of near-term developments for companies to track as congressional committees attempt to convert the framework into legislative text, say attorneys at Morgan Lewis.
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2nd Circ. Clarifies When Prior Good Acts May Be Admissible
The Second Circuit's recent ruling in U.S. v. Cardenas, vacating a drug conspiracy conviction over improperly excluded evidence, indicates that evidence of prior good acts may be admissible to corroborate a defendant's testimony about their understanding of events and intent, say attorneys at Lowenstein Sandler.
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Opinion
State Bars Need To Get Specific About AI Confidentiality
Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.
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Opinion
Futures Market Anonymity Now Presents A Structural Problem
Following anomalous trading on prediction markets just before major recent policy announcements from the Trump administration, many have called on Congress to act, but the problem is not primarily a statutory gap — it is a structural one, built into the self-regulatory model that governs futures exchanges, says Tamara de Silva at De Silva Law Offices.
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Opinion
Judicial Restraint Anchors Constitutional Order
Contrasting opinions in two recent U.S. Supreme Court rulings — Trump v. CASA and Bost v. Illinois State Board of Elections — demonstrate how the judiciary’s constitutionally entrusted role can easily be preserved or disrupted, and invite renewed attention to the enduring importance of judicial restraint, says Ninth Circuit Judge J. Clifford Wallace.
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The Evolution Of States' Workplace Violence Prevention Laws
Utah's new law requiring hospitals to implement comprehensive workplace violence reporting systems continues a broader trend of state efforts to expand workplace protections in the absence of sufficient federal regulations, say attorneys at Ogletree.
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Resolving The Conflict In 2nd Circ. Foreign Discovery Rulings
The Second Circuit recently issued two seemingly inconsistent decisions regarding the federal statute that permits U.S. discovery for purposes of a foreign proceeding, but the unifying feature appears to be the broad scope for district court discretion under Section 1782, say attorneys at Katsky Korins.
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How 2nd Circ. Gave Loper Bright Real Force In SEC Cases
The Second Circuit's recent decision in U.S. Securities and Exchange Commission v. Amah offers one of the first clear indications of how courts will operationalize Loper Bright, signaling that long-standing SEC enforcement theories resting on ambiguous definitional provisions are now subject to more rigorous judicial scrutiny, say attorneys at Morgan Lewis.
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Series
Alpine Skiing Makes Me A Better Lawyer
Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.
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NY Tax Talk: Calculating Tiered Partnership Income
Attorneys at Eversheds Sutherland discuss how the potential impact recent New York City Tax Appeals Tribunal decision in Matter of Cantor Fitzgerald holding that the entity approach should be used by tiered partnerships to compute unincorporated business tax liability, why the issue of the proper approach remains unsettled and the broader implications for federal conformity and administrative agency deference.
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Ohio Case Reflects States' Aggressive Criminal Antitrust Turn
The Ohio Attorney General's Office’s recent bid-rigging indictment of an online auctioneer is the latest signal that states, through attorneys general pursuing more kickback cases and legislators expanding the reach of antitrust laws, are shedding their historical reluctance to wield their criminal antitrust enforcement powers, say attorneys at Arnold & Porter.
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Series
NY Banking Brief: All The Notable Legal Updates In Q1
In the first quarter of 2026, New York's banking developments were headlined by initiatives to expand oversight of financial institutions and strengthen consumer protection laws, including a new framework for buy now, pay later lenders, a sweeping debt collection rule and a revised corporate self-disclosure program for financial crimes, say attorneys at Proskauer.
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Legal Theories In Social Media Verdicts Hold Clues On Impact
Although the two verdicts in cases in New Mexico and California involving Meta and Google are being lumped together, they rest on fundamentally different legal theories, and that distinction determines how their effects may be felt in other jurisdictions, says Mark Morgan at Day Pitney.
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2 Rulings Poke Holes In Mandatory Restitution Framework
The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.