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New York

  • June 20, 2019

    BREAKING: Justices Won't Revive Doctrine Curbing Executive Power

    The U.S. Supreme Court refused to strike down a sex offender law Thursday that gives the U.S. attorney general broad discretion over how it should be enforced, declining to revive a legal doctrine that experts said could vastly diminish the power of the executive branch.

  • June 19, 2019

    Jury Convicts NXIVM Sex Cult Leader On All Counts

    A New York federal jury on Wednesday convicted the founder of the NXIVM sex cult, whose members included a "Smallville" actress and a Seagram heiress, of all seven counts he was facing, including racketeering and sex trafficking, prosecutors said.

  • June 19, 2019

    NLRB Can't Shut Down 'Scabby'-Aided Protest

    A Brooklyn federal judge on Wednesday denied a National Labor Relations Board official’s request that he stifle a labor protest at several Staten Island supermarkets, rejecting the board’s bid to deflate well-known protest symbol Scabby the Rat.

  • June 19, 2019

    Reed Smith Nets Ex-Freshfields International Arbitration Atty

    Reed Smith LLP announced this week that it nabbed an experienced international arbitration lawyer from Freshfields Bruckhaus Deringer LLP for its New York office, the second accomplished attorney to join the firm’s growing international arbitration practice in the last month.

  • June 19, 2019

    Huawei Judge Will Hear Sidley Atty DQ Bid In Fall

    A New York federal judge on Wednesday set a September date to hear arguments over whether to disqualify a former U.S. deputy attorney general turned Sidley Austin LLP partner from representing Huawei Technologies Co. Ltd. in its fight against charges including bank fraud and sanctions violations.

  • June 19, 2019

    White & Case Lands Ex-GE Tax Atty With Energy Sector Focus

    White & Case LLP has brought on a former General Electric Capital Corp. tax director with expertise in financing and structuring renewable energy projects as a partner, according to a recent announcement.

  • June 19, 2019

    Driver Can't Expand Claims In Ford Door Latch Defect Suit

    A New York federal judge rejected a driver's bid to add four out-of-state plaintiffs to his proposed class action alleging Ford Motor Co. failed to warn consumers of faulty door latches in its F-150 pickup trucks.

  • June 19, 2019

    Feds Say HSBC Holding Out On Key Docs In FIRREA Case

    A Brooklyn federal prosecutor asked a judge on Tuesday to compel HSBC to comply with a year-old subpoena in a civil fraud case against a former Deutsche Bank trader over the financial crisis, saying the government needs the files to prove its case under the Financial Institutions Reform, Recovery, and Enforcement Act.

  • June 19, 2019

    Nikko Can't Escape Suit Over $50M Loss To Stock Plan

    Nikko Asset Management Co. Ltd. and its CEO must face a lawsuit accusing them of depriving workers of $50 million by manipulating an employee stock option plan, with a New York federal court refusing Wednesday to reconsider its decision to let the suit continue.

  • June 19, 2019

    2nd Circ. Lets Utility Off Hook For MTA's Injury Suit Legal Bill

    The Second Circuit said Wednesday that a utilities company doesn't need to repay Metro-North and the Metropolitan Transportation Authority for legal fees they incurred battling a Connecticut couple's suit blaming them for the husband's electrical burns and resultant partial leg amputations.

  • June 19, 2019

    Carrie Underwood, NBC Sued Over Sunday Night NFL Song

    Carrie Underwood and NBC are facing a copyright lawsuit that claims the new theme song to the "Sunday Night Football" NFL broadcast was ripped off from a little-known track.

  • June 19, 2019

    Longtime Anchorwomen Say NY1 Cut Their Airtime

    Five female news anchors at cable channel NY1 have slapped Charter Communications with an age and gender discrimination suit that claims the media giant sidelined them once they hit 40 because managers wanted younger talent in front of the camera.  

  • June 19, 2019

    McGuireWoods Guides Wells Fargo's $56M NYC Hotel Loan

    McGuireWoods LLP represented Wells Fargo Bank NA on its $56 million loan to Hersha Hospitality Trust for a Hyatt hotel in Manhattan, according to records made public in New York on Wednesday.

  • June 19, 2019

    SEC Fights Ex-Xerox CFO's Bid To Lift 16-Year-Old Gag Order

    The U.S. Securities and Exchange Commission challenged a bid by a former Xerox executive to lift a gag order in his 16-year-old settlement with the agency, telling a New York federal court Tuesday that the man waived his First Amendment rights when he agreed to the consent judgment.

  • June 19, 2019

    Ex-Alaska Telecom Exec Gets 5 Years For $270M Scheme

    A Manhattan federal judge sentenced a former CEO of telecom company Quintillion Networks LLC to five years behind bars Wednesday for forging contracts in order to trick funders into investing $270 million to build a fiber optic data network in Alaska.

  • June 19, 2019

    Danske Bank, Ex-Execs Want Suit Over Estonia Scandal Axed

    Danske Bank and its former leadership fired back at an investor suit on Tuesday, saying the European money-laundering scandal miring the Danish bank has little to do with securities and nothing to do with fraud.

  • June 18, 2019

    Yates Calls On Female Attys To Advocate For Each Other

    Former Deputy Attorney General Sally Yates on Tuesday urged female attorneys to ensure legal department and law firm leaders recognize and acknowledge other women's ideas and accomplishments.

  • June 18, 2019

    Women's Sex Toy Co. Calls NY Subway Ad Rejection Sexist

    A company that sells sex toys for women said the Metropolitan Transit Authority violated the First Amendment and revealed its sexist double-standard favoring male interests by rejecting the company's proposed New York City subway ads for vibrators, according to a Tuesday federal court complaint.

  • June 18, 2019

    Trump Urges 2nd Circ. To Freeze Financial Record Subpeonas

    President Donald Trump on Tuesday urged the Second Circuit to block congressional subpoenas that seek a vast array of financial records from Deutsche Bank and Capital One, saying the records are being sought for illegitimate, political purposes.

  • June 18, 2019

    FHFA, Wells Fargo Agree To Put Suit Over $1B RMBS On Hold

    The Federal Housing Finance Agency has agreed to pause its lawsuit against Wells Fargo over $1 billion in pre-crisis residential mortgage-backed securities purchased by Freddie Mac, a truce that means the agency will proceed first with its Second Circuit fight to have the case's claims excluded from a related $165 million settlement.

  • June 18, 2019

    Exchanges Want Another 2nd Circ. Look At 'Flash Boys' Suits

    A group of seven major U.S. stock exchanges are hoping the Second Circuit will take a second look at a consolidated group of class actions inspired by the high-frequency trading exposé “Flash Boys” that recently survived a dismissal bid.

  • June 18, 2019

    TridentUSA Ch. 11 Plan Slammed For Risking 'Repeat Failure'

    Health care provider TridentUSA's Chapter 11 plan is facing challenges from the U.S. Trustee Office and the company's unsecured creditors, who said the plan's liability releases are too broad and that it would leave the company primed for a return to bankruptcy.

  • June 18, 2019

    Milbank, Faegre, Kramer Levin Guide $385M Casino Deal

    Eldorado Resorts Inc. has agreed to sell three West Virginia and Missouri properties in a $385 million deal crafted with the help of Milbank LLP, Faegre Baker Daniels and Kramer Levin Naftalis & Frankel LLP, the Reno, Nevada-based hotel and casino company has announced.

  • June 18, 2019

    SALT Tax Cap Like A 'Rope To The Neck,' Judge Says

    Four East Coast states sparred with federal agencies before a Manhattan federal judge Tuesday over a dismissal bid in a lawsuit claiming a Republican Congress in 2017 unfairly targeted Democratic states with a $10,000 cap imposed on state and local tax deductions.

  • June 18, 2019

    Wells Fargo Dodges Philly, Baltimore Bond Rate-Rigging Suit

    Philadelphia and Baltimore officials agreed in New York federal court Monday to let Wells Fargo out of their suit accusing several financial institutions of conspiring to inflate the interest rates on bonds used to fund major municipal projects.

Expert Analysis

  • Shippers Look To High Court For 'Safe Berth' Resolution

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    A charterer that nominates a “safe berth” to load and discharge cargo may or may not be obligated to guarantee the berth’s safety for the vessel, depending on where the issue is being litigated. The U.S. Supreme Court has an opportunity to resolve the question in its upcoming ruling in Frescatti Shipping, says Andrew Stakelum of King & Spalding.

  • Financial Services Regulation For Fintech Companies: Part 2

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    In the second part of this series on regulatory challenges faced by fintech innovators, Nathan Greene and Justin Reda of Shearman & Sterling caution entrepreneurs in the financial space to be aware of when their products could be categorized as securities, and of the many regulatory obligations that can arise as a result.

  • NY Yellowstone Injunction May Become Unviable For Tenants

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    Following the New York Court of Appeals' decision in 159 MP v. Redbridge allowing landlords to seek waiver of the Yellowstone injunction — a crucial lease-preservation tool for commercial tenants — negotiations over such waivers in leases will be sharply contested, say attorneys at Fried Frank.

  • Government Contractor Compliance: 1 Size Can’t Fit All

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    Contractors that do business with federal, state and local government entities face an interesting — and intensifying — predicament: How to develop a comprehensive yet straightforward compliance program that satisfies varying laws in varying jurisdictions, say Jeniffer Roberts and Katherine Veeder at Alston & Bird.

  • 5 Ways Law Firms Can Improve Their Job Interviews

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    When evaluating potential new hires, law firms should utilize structured interviews in order to create a consistent rating system that accurately and effectively assesses candidates' skills and competencies, says Jennifer Henderson of Major Lindsey.

  • Financial Services Regulation For Fintech Companies: Part 1

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    Firms in the U.S. financial sector are surrounded by a virtual moat of complex regulations, mandatory disclosures and compliance infrastructure. Nathan Greene and Justin Reda of Shearman & Sterling offer an overview of the regulatory context — and some of the crocodiles lurking in that moat — for fintech entrepreneurs entering the sector.

  • Prospects For NY Summary Judgment In TM Confusion Cases

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    A review of several recent trademark infringement cases from the Southern District of New York reveals an instructive spectrum for comparatively evaluating the strength of a trademark litigant’s summary judgment case, say Ryan Pitman and Sarah Washington of Goldberg Segalla.

  • State Net

    State Efforts To Rein In Drug Costs Have Mixed Success

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    Reducing the soaring costs of commonly used prescription drugs has become a political priority in the nation’s statehouses. But thus far, states have done better at increasing transparency around drug pricing than at actually lowering prices, says Lou Cannon of State Net Capitol Journal.

  • Recreational Marijuana Legislation Is At A Standstill In NY

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    Efforts to legalize recreational marijuana in New York have stalled due to lawmakers' disagreements over key issues, but despite this setback, eventual legalization seems to be inevitable, says Alissa Yohey of Spiritus Law.

  • How To Streamline Virtual Law Team Mass Tort Defense

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    A primary benefit of the virtual law team in mass tort litigation is creative collaboration. A "company case" approach is essential to breaking down the silos between team members, say attorneys at FaegreBD and Reed Smith.

  • A New Way To Fight ADA Web Accessibility Claims In NY

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    A New York federal court's recent decision in Diaz v. Kroger provides targets of Americans with Disabilities Act website accessibility cases with an additional tool for combating claims at the motion to dismiss stage, while also promoting the ADA's policy aims, says Adam Michaels of Hand Baldachin.

  • Series

    Why I Became A Lawyer: A Fateful Phone Call

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    When I was growing up, my mother was always the more mild-mannered parent. But during a trans-Atlantic phone call in 1991, when I told her I wanted to go to culinary school instead of law school, she started yelling — at a volume I had never heard from her, says Jason Brookner of Gray Reed.

  • Law Firms Can Do Better With Their Mentoring Programs

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    There are a few practical, proactive steps law firms can take to create a mentoring program that pays dividends — instead of creating a mediocre program that both parties see as an obligation, says Kate Sheikh of Major Lindsey & Africa.

  • How To Comply With NYC's New Climate Mobilization Act

    Excerpt from Lexis Practice Advisor
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    Even though compliance is not mandated until 2024, New York City building owners should begin taking steps now to prepare for the Climate Mobilization Act's new limits on buildings' greenhouse gas emissions, say YuhTyng Patka and David Miller of Duval & Stachenfeld.

  • 'Rocket Docket' Justifies Its Name For 11th Straight Year

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    The U.S. District Court for the Eastern District of Virginia “rocket docket” is still the fastest federal civil trial court in the country despite some recent trends causing its median time to trial to grow to 13.2 months, says Robert Tata of Hunton.