New York

  • September 20, 2024

    Morgan Lewis Hires Sidley Structured Transactions Partner

    Morgan Lewis & Bockius LLP announced Friday that it has hired the co-leader of Sidley Austin LLP's residential mortgage-backed securities team to further expand its structured transactions practice in New York.

  • September 20, 2024

    NY Firm Settles With Chinese Exile Guo's Ch. 11 Trustee

    Wildes & Weinberg PC, a New York-based immigration law firm, has penned a confidential settlement with the Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy in Connecticut, a deal that appears to be the first one the trustee struck with a law firm since he began filing clawback actions earlier this year.

  • September 20, 2024

    Ellenoff Grossman Denied Arbitration In Ex-Atty's Firing Suit

    A New York federal judge has sent a former Ellenoff Grossman & Schole LLP associate's suit saying she was fired for protesting sexual harassment back to state court and denied the firm's motion to compel arbitration of the matter.

  • September 20, 2024

    Caddies Can Keep Their Unpaid Wages Suit On Course

    The bag fees caddies received from golfers were tips, not service charges, a New York federal judge ruled, denying a course operator's bid to toss the workers' suit claiming unpaid minimum wage and overtime under federal and state law.

  • September 20, 2024

    Tribe's Stateless Status Undoes $1.9M Construction Suit

    A Massachusetts federal judge on Thursday tossed a New York construction company's $1.9 million lawsuit against the Mashpee Wampanoag Tribe, finding the tribe's stateless position leaves the court with no jurisdiction to decide the case.

  • September 20, 2024

    Ex-Akin Gump Atty Joins Willkie's Asset Management Dept.

    Willkie Farr & Gallagher LLP said this week that a former Akin Gump Strauss Hauer & Feld LLP attorney has joined the 25-partner team in its asset management department, which focuses on private fund formation and liquidity solutions transactions.

  • September 19, 2024

    Dechert Settles Aviation Exec's Hack Cover-Up RICO Claims

    An airline mogul has cut a confidential deal with Dechert and two former partners of the firm to let them off the hook in his sprawling civil Racketeer Influenced and Corrupt Organizations Act lawsuit in New York federal court, the settling parties announced Thursday.

  • September 19, 2024

    NY Tribe Settles With Lottery Co. Over Gaming On Tribal Land

    The Cayuga Nation and New York's licensed mobile lottery provider have reached a settlement in the federally recognized tribe's lawsuit seeking to block the state gaming commission from operating games on tribe's self-proclaimed reservation.

  • September 19, 2024

    Newsmax Appeals Quash Of Smartmatic Atty Subpoenas

    Newsmax Media Inc. is appealing a Florida judge's decision to quash its attempt to subpoena a slew of criminal defense attorneys — representing Smartmatic USA Corp. executives in a criminal case over a Philippines elections contract — in Smartmatic's defamation suit over Newsmax reports tying the voting tech company to alleged conspiracies to steal the 2020 U.S. presidential election.

  • September 19, 2024

    Ch. 7 Trustee Urges Justices To Uphold Return Of Taxes

    The bankruptcy trustee of a defunct Utah transportation company warned the U.S. Supreme Court on Thursday that overturning a decision forcing the IRS to return tax payments made by company directors to cover their personal debts would encourage shareholder fraud.

  • September 19, 2024

    Crypto Exchange Must Refund Bitcoins, But In 2013 Dollars

    A New York judge held Thursday that bygone cryptocurrency exchange Bitfloor improperly failed to return more than 200 of its customers' bitcoins upon shutting down in 2013, but said damages will be limited to the dollar value of the digital assets over a decade ago.

  • September 19, 2024

    Live Nation Looks To Trim Gov't Antitrust Case

    Live Nation has asked a New York federal court to toss claims seeking damages in the government's antitrust case, arguing that consumers were not harmed by its dealings with concert venues and promoters, and also asked to nix a tying claim from the case.

  • September 19, 2024

    Calif. Says FDIC's $20M Tax Refund Bid Must Wait

    A California tax collection agency asked a New York federal court to throw out Federal Deposit Insurance Corp. claims seeking a more than $20 million tax refund on behalf of the shuttered Signature Bank, saying the agency is entitled to wait for a potential IRS audit to end. 

  • September 19, 2024

    Norwich Asks Justices To Allow Sale Of Generic Diarrhea Drug

    A New York drugmaker has told the U.S. Supreme Court that the courts have gone too far in preventing the release of a generic version of a blockbuster diarrhea drug, after a lower court found there was a way of using the drug that would infringe certain patents.

  • September 19, 2024

    Florida Powerhouse: Greenberg Traurig

    Greenberg Traurig LLP's path to prominence spans more than half a century of successfully navigated, complex legal and business matters, and the firm's recent triumphs — including facilitating billions of dollars worth of real estate transactions and prevailing in public interest litigation — have landed it again on Law360's list of Florida Powerhouses.

  • September 19, 2024

    Halted DOL Fiduciary Regs Could Open Lane For SEC Action

    The U.S. Securities and Exchange Commission might need to help clear up confusion about fiduciary investment advice standards in the wake of two Texas judges halting new retirement security regulations from the Labor Department, members of an SEC investor advisory committee said Thursday.

  • September 19, 2024

    Feds Say Menendez Retrial Bid Ignores 'Overwhelming' Proof

    Prosecutors urged a Manhattan federal judge to reject former Sen. Bob Menendez's request for a new trial on corruption and bribery charges, arguing that evidence of his guilt was "overwhelming."

  • September 19, 2024

    EDNY Financial Crimes Prosecutor Joins Carlton Fields

    A longtime federal prosecutor in the Eastern District of New York known for his role in some of the largest judicial forfeiture recoveries in the nation is joining Carlton Fields, the firm has announced.

  • September 19, 2024

    Weil Continues Building Funds Group With Ex-Goodwin Atty

    Weil Gotshal & Manges LLP announced the fourth addition to its private funds group over the past several months, welcoming a former Goodwin Procter LLP partner to its New York office.

  • September 19, 2024

    Feds Oppose Overturning Guilty Verdict For Crypto Trader

    Federal prosecutors told a New York federal judge that the crypto trader convicted of fraudulently draining more than $100 million from platform Mango Markets is wrongly attempting to recast factual issues as legal questions in his bid for acquittal.

  • September 19, 2024

    Federal Judicial Picks For 3 States Advance To Full Senate

    The U.S. Senate Judiciary Committee sent four judicial nominations to the full Senate on Thursday, including that of a former U.S. attorney nominee whose confirmation was blocked by Sen. JD Vance, R-Ohio, before he became a vice presidential nominee.

  • September 19, 2024

    Cozen O'Connor Recruits Goulston & Storrs Bankruptcy Pro

    Philadelphia-headquartered Cozen O'Connor has hired a corporate restructuring professional from Goulston & Storrs PC for its bankruptcy, insolvency and restructuring practice as a member in the firm's growing New York City office.

  • September 19, 2024

    NY Knicks Owner Escapes Federal Sex Trafficking Claims

    A California federal judge has dismissed sexual assault and trafficking claims against New York Knicks owner James Dolan, casting a hired massage therapist's accusations against him as "speculative" but leaving the door open for further litigation in state court.

  • September 18, 2024

    AI Musician Denies Purported $10M Streaming Scam

    A North Carolina man facing a novel fraud case alleging he used artificial intelligence on platforms like Apple Music, Spotify and YouTube to generate around $10 million in illegal revenues denied wrongdoing at his initial court appearance Wednesday in New York.

  • September 18, 2024

    FTX Auditor Prager Metis Settles SEC Charges For Negligence

    The former auditor of Sam Bankman-Fried's defunct cryptocurrency exchange FTX agreed Tuesday to pay $1.95 million to resolve allegations by the U.S. Securities and Exchange Commission of misconduct in FTX audits and, in a separate case, violations of auditor independence rules.

Expert Analysis

  • Class Action Law Makes An LLC A 'Jurisdictional Platypus'

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    The applicability of Section 1332(d)(10) of the Class Action Fairness Act is still widely misunderstood — and given the ambiguous nature of limited liability companies, the law will likely continue to confound courts and litigants — so parties should be prepared for a range of outcomes, says Andrew Gunem at Strauss Borrelli.

  • 3 Leadership Practices For A More Supportive Firm Culture

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    Traditional leadership styles frequently amplify the inherent pressures of legal work, but a few simple, time-neutral strategies can strengthen the skills and confidence of employees and foster a more collaborative culture, while supporting individual growth and contribution to organizational goals, says Benjamin Grimes at BKG Leadership.

  • How Courts' Differing Views On Standing Affect PFAS Claims

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    Two recent opinions from New York federal courts — in Lurenz v. Coca-Cola, and Winans v. Ornua Foods North America — illustrate how pivotal the differing views on standing held by different courts will be for product liability litigation involving per- and polyfluoroalkyl substances, particularly consumer claims, say attorneys at Hollingsworth.

  • E-Discovery Quarterly: Rulings On Hyperlinked Documents

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    Recent rulings show that counsel should engage in early discussions with clients regarding the potential of hyperlinked documents in electronically stored information, which will allow for more deliberate negotiation of any agreements regarding the scope of discovery, say attorneys at Sidley.

  • Loper Bright Limits Federal Agencies' Ability To Alter Course

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    The U.S. Supreme Court's recent decision to dismantle Chevron deference also effectively overrules its 2005 decision in National Cable & Telecommunications Association v. Brand X, greatly diminishing agencies' ability to change regulatory course from one administration to the next, says Steven Gordon at Holland & Knight.

  • 2nd Circ. Case Reinforces Need For Advance Notice Bylaws

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    The Second Circuit's recent decision in Nano Dimension v. Murchinson illustrates that Section 13(d) of the Exchange Act is a square peg for a round hole, and that advance notice bylaws are far better at protecting against undisclosed coordination among activist shareholders, say attorneys at Morgan Lewis.

  • Motion To Transfer Venue Considerations For FCA Cases

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    Several recent decisions highlight the importance for practitioners of analyzing as early as possible whether a False Claims Act case warrants a change of venue, and understanding how courts weigh certain factors for defendants versus whistleblowers, say Ellen London at London & Stout, and Li Yu and Corey Lipton at DiCello Levitt.

  • Series

    Teaching Scuba Diving Makes Me A Better Lawyer

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    As a master scuba instructor, I’ve learned how to prepare for the unexpected, overcome fears and practice patience, and each of these skills – among the many others I’ve developed – has profoundly enhanced my work as a lawyer, says Ron Raether at Troutman Pepper.

  • SolarWinds Ruling Offers Cyber Incident Response Takeaways

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    The New York federal court's dismissal of all charges related to the 2019 Sunburst cyberattack is a devastating blow to the U.S. Securities and Exchange Commission's cybersecurity case against SolarWinds, but the well-reasoned opinion provides valuable lessons that may improve companies' defensive posture in the wake of a major cybersecurity incident, say attorneys at Troutman Pepper.

  • Lawyers Can Take Action To Honor The Voting Rights Act

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    As the Voting Rights Act reaches its 59th anniversary Tuesday, it must urgently be reinforced against recent efforts to dismantle voter protections, and lawyers can pitch in immediately by volunteering and taking on pro bono work to directly help safeguard the right to vote, says Anna Chu at We The Action.

  • PE Firms Should Prepare For Increased False Claims Scrutiny

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    The impact private equity firms may have over medical decisions and care is increasingly attracting potential liability under the False Claims Act and attention from states and the federal government, so investors should follow best practices including conducting due diligence both before and after acquisitions, say attorneys at K&L Gates.

  • NY Tax Talk: Triggers For Tax On Software-As-A-Service

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    Recent decisions by New York’s Tax Appeals Tribunal and Division of Tax Appeals, finding that services bundled with prewritten software were tangible property, provide insight into the features and customer interactions that render such products subject to New York sales tax, say Elizabeth Cha and Madison Ball at Eversheds Sutherland.

  • Series

    After Chevron: ERISA Challenges To Watch

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    The end of Chevron deference makes the outcome of Employee Retirement Income Security Act regulatory challenges more uncertain as courts become final arbiters of pending lawsuits about ESG investments, the definition of a fiduciary, unallocated pension forfeitures and discrimination in healthcare plans, says Evelyn Haralampu at Burns & Levinson.

  • Menendez Corruption Ruling Highlights Attorney Proffer Risks

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    The recent admission of slides used in a preindictment presentation as evidence during U.S. Sen. Bob Menendez’s corruption trial highlights the potential pitfalls of using visual aids in attorney proffers, and the increasing importance of making disclaimers regarding information presented at the outset of proffers, say Carrie Cohen and Savanna Leak at MoFo.

  • What's In NYDFS Guidance On Use Of AI In Insurance

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    Matthew Gaul and Shlomo Potesky at Willkie summarize the New York Department of Financial Services' recently adopted circular letter on the use of artificial intelligence in insurance underwriting and pricing, and highlight the material changes made to it in response to comments on the draft circular letter.

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