New York

  • February 13, 2024

    Ex-Def Jam Exec Sues Russell Simmons Alleging 1990s Rape

    A former executive at Def Jam Recordings accused the label's co-founder, Russell Simmons, in a New York federal lawsuit filed Tuesday of raping her at his Manhattan apartment in the 1990s. 

  • February 13, 2024

    SAS Ex-Cabin Crew Defends Bid For Pension Pay In Ch. 11

    More than 40 pensioners of bankrupt Scandinavian airline SAS have told a New York bankruptcy court that their claims should not be thrown out, saying SAS cannot brush off its obligations by pointing the finger at the pension fund when the fund acts as its proxy.

  • February 13, 2024

    Qihoo 360, Investors Ink $29.75M Deal Over $9.3B Merger Suit

    Investors suing Chinese software company Qihoo 360 Technology Co. Ltd. asked a New York federal judge to approve a $29.75 million settlement ending claims the firm worked to push down its share price in order to pay shareholders an unfairly low price when it went private by means of a $9.3 billion merger.

  • February 13, 2024

    Hess Loaded 401(k) Plan With Costly Investments, Suit Says

    Energy company Hess Corp. allowed its $903 million employee retirement plan to be filled with expensive and poorly performing investment options, costing workers millions of dollars in retirement savings, according to a proposed class action filed in Texas federal court.

  • February 13, 2024

    CEO Needn't Consent To CFO's Settlement, NY Court Says

    A sporting goods company's former CEO does not get a say in the former CFO's $2.8 million settlement with a liquidating trust just because they're both insured under the same directors and officers policy, a New York federal judge ruled, calling the ex-CEO's interpretation of the policy "unreasonable and illogical."

  • February 13, 2024

    LaPierre Defends TV Spots, Celeb Ties As NRA Trial Nears End

    Former National Rifle Association CEO Wayne LaPierre told jurors in New York state court in the final week of trial Tuesday that he went on television and rubbed elbows with celebrities not out of a desire for the spotlight but to anchor the gun group in "mainstream American culture."

  • February 13, 2024

    Hotel Rental Co. Hid Litigation And Failed Deal, Suit Says

    Real estate company LuxUrban Hotels has been hit with a proposed class action alleging it lied about a 25-year deal with the Royalton Hotel in New York and multiple lawsuits over unpaid rent, which it says caused shares to decline after a short-seller report disclosed the issues.

  • February 13, 2024

    Mass Arrests In NYC Housing Bribe Case Trouble Attys

    An anti-corruption crackdown targeting New York City public housing workers accused of taking bribes for contract work is raising eyebrows among defense lawyers, who critiqued what they saw as a heavy-handed approach even as many envision quick, favorable resolutions.

  • February 13, 2024

    Troika Strikes Ch. 11 Deal To Release $29M In Escrow

    The bankrupt marketing firm Troika Media Group told a New York court on Tuesday that it had settled a key dispute over its 2022 acquisition of another marketing agency, Converge Direct LLC, agreeing that $29 million being held in escrow should be released and paving the way for the Chapter 11 case to move forward.

  • February 13, 2024

    Real Estate Rumors: Ares Management, Somerset, MBS Group

    Ares Management has reportedly purchased a 14-building portfolio in New Jersey for $118.5 million, a Somerset Properties venture is said to have bought a North Carolina industrial building for $11 million, and MBS Group has reportedly leased 300,000 square feet in Queens.

  • February 13, 2024

    NY Court Refuses To Toss E. Coli Suit Against Salad Chain

    A New York appellate panel on Tuesday refused to toss a suit seeking to hold Chopt Creative Salad Co. LLC liable for a woman's E. coli food poisoning, allegedly due to eating contaminated spinach in a sandwich, saying that she had shown sufficient testimony and tests to go to trial.

  • February 13, 2024

    Senate Approves $95B Aid Bill For Ukraine, Israel

    The U.S. Senate passed a $95 billion aid package Tuesday morning after months of delay over failed border security reforms, greenlighting emergency security assistance for Ukraine, Israel and Taiwan, along with humanitarian aid for Gaza.

  • February 13, 2024

    NY AG Inks $750K Deal In College Board Data Privacy Case

    New York Attorney General Letitia James said her office had reached a $750,000 settlement with the College Board, the nonprofit that administers the SAT and PSAT exams, to resolve claims that the organization illegally harvested students' data and sold it to colleges and scholarship programs.

  • February 13, 2024

    ESPN Bet To Launch In NY After Sports Betting Licenses Deal

    Penn Entertainment Inc. revealed Tuesday that it is acquiring New York mobile sports wagering licenses from Kirkland & Ellis LLP-advised Wynn Interactive Holdings for $25 million, allowing the entertainment giant to launch ESPN Bet in the state.

  • February 13, 2024

    Cuomo Says Law Firms Won't Comply With Subpoenas

    Former New York Gov. Andrew Cuomo wants to force law firms Cleary Gottlieb Steen & Hamilton LLP and Vladeck Raskin & Clark PC to turn over information about the women whose sexual misconduct accusations forced him to resign, even as those women accuse Cuomo of "blatantly" weaponizing his taxpayer-funded attorneys to mount a "revenge" campaign through the courts.

  • February 13, 2024

    Carl Icahn Sets Sights On JetBlue, Scooping 10% Share

    Activist investor Carl Icahn has revealed in a securities filing that he has amassed a nearly 10% stake in JetBlue Airways, a disclosure that sent the airline's stock price soaring more than 20% on Tuesday. 

  • February 13, 2024

    Milbank, Perlmutter Center Pair Up To Fight Injustices In Court

    Milbank LLP has pledged $1 million to create an exoneration and resentencing review unit at Yeshiva University's Benjamin N. Cardozo School of Law's Perlmutter Center for Legal Justice as part of an alliance aimed at fighting inequities in the criminal justice system, the firm said Tuesday.

  • February 13, 2024

    Santander Blasts Brazilian Airline's $950M DIP Request

    Spanish banking giant Santander, a creditor of GOL Linhas Aereas Inteligentes SA, has asked a New York bankruptcy judge to reject the low-cost Brazilian airline's bid for $950 million in debtor-in-possession financing, alleging it would place new liens on funds on which the bank already has a claim.

  • February 13, 2024

    Feds Defend Search Warrants In Sen. Menendez Bribery Probe

    The federal government shot back at a bid by U.S. Sen. Robert Menendez and businessman Wael Hana to nix gold bars and other evidence uncovered while pursuing its second corruption case against the New Jersey Democrat, arguing in an opposition brief Monday that the search warrants were complete and sufficiently narrow.

  • February 13, 2024

    Troutman Pepper Faces One Of Kwok Trustee's Clawbacks

    The trustee overseeing Chinese exile Ho Wan Kwok's Chapter 11 case has filed an adversary complaint against Troutman Pepper Hamilton Sanders LLP in a Connecticut bankruptcy court, saying Kwok transferred almost $2 million in prepetition funds and more than $80,000 in post-petition funds to the firm through his shell companies.

  • February 13, 2024

    Akerman Grows In NY With Real Estate, Corporate Additions

    Akerman LLP recently announced two additions to its New York office: a former Faegre Drinker Biddle & Reath LLP partner and an attorney who helped launch the Washington, D.C., office of an international law firm.

  • February 12, 2024

    Canadian Admits To Aiding Illicit Russian Export Scheme

    A Canadian woman on Monday admitted to laundering funds from what prosecutors say was a scheme to evade U.S. sanctions by secretly exporting millions of dollars in sensitive technology to Russia, some of which has been used in the war against Ukraine.

  • February 12, 2024

    BigLaw Slams Hochul Plan To Divert Client Trust Interest Cash

    A long list of BigLaw attorneys, firm leaders and legal groups have urged New York Gov. Kathy Hochul to reconsider her plan to divert $100 million in interest earned on lawyer trust accounts that typically goes toward legal aid for low-income New Yorkers, calling the move "misguided" and cautioning that it could create "an existential threat" to civil legal services.

  • February 12, 2024

    SEC Says Long Islander Aided $2M 'Free Riding' Scam

    A Long Island 25-year-old has agreed to settle U.S. Securities and Exchange Commission allegations that he played a key role in a $2 million "free riding" scheme to take advantage of "instant deposit" credits offered by broker-dealer firms.

  • February 12, 2024

    Ex-Levi & Korsinsky Partner Drops Sex Bias Suit Against Firm

    A former partner at Levi & Korsinsky LLP on Monday permanently dropped her New York federal court lawsuit alleging sex-based discrimination and retaliation.

Expert Analysis

  • What To Know About FCA Cybersecurity Enforcement

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    Now is a good time for practitioners, government contractors and potential relators to review recent developments in cybersecurity-related False Claims Act enforcement, and consider best practices for navigating this space in the new year, say Ellen London at London & Stout, and Li Yu and Molly Knobler at DiCello Levitt.

  • 8 Privacy Law Predictions For 2024

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    As the new year begins, looking back to several of last year's privacy law developments may help companies forecast what to focus on when updating their privacy programs, including children's privacy, so-called dark patterns and the collection of data by connected cars, say attorneys at Sheppard Mullin.

  • 4 Legal Ethics Considerations For The New Year

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    As attorneys and clients reset for a new year, now is a good time to take a step back and review some core ethical issues that attorneys should keep front of mind in 2024, including approaching generative artificial intelligence with caution and care, and avoiding pitfalls in outside counsel guidelines, say attorneys at HWG.

  • Securities Question Stands After Contradicting Crypto Rulings

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    The debate about the regulation of crypto-assets came to a head in 2023 when two New York federal judges came to opposite conclusions about whether crypto-assets were securities by using the Howey test, highlighting the uncertainty facing the crypto industry as it seeks to resolve definitional questions, say attorneys at Ballard Spahr.

  • What The Law Firm Of The Future Will Look Like

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    As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • 4 PR Pointers When Your Case Is In The News

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    Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.

  • 3 Pointers From Tilton Case To Help Win Advancement Suits

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    The Delaware Superior Court’s refusal to let Lynn Tilton sue her advancers for legal fees, ruling she had not yet attempted to negotiate in good faith, suggests that policyholders may fare better if they attempt proactive strategies to narrow disputes over advancement agreements before taking their insurers to court, says Evan Bolla at Harris St. Laurent.

  • SDNY Ruling Highlights Fed's Broad Master Account Power

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    In denying a Puerto Rican bank’s recent motion for injunction against the New York Fed, a New York federal court went beyond the specifics of the case in holding that financial institutions have no statutory right to a master account with a Federal Reserve bank, emphasizing the Fed’s unilateral discretion in these matters, say attorneys at Ballard Spahr.

  • Sex Harassment Arbitration Exemption: Devil Is In The Date

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    A Federal Arbitration Act amendment that exempts workplace sexual harassment claims from arbitration is muddled in ongoing confusion about its chronological reach — and as many such cases begin to run up against applicable statutes of limitations, the clock is ticking for claimants to bring their actions in court, says Abe Melamed at Signature Resolution.

  • Cybersecurity Issues For Financial Industry To Track In 2024

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    In 2024 financial institutions will confront new federal, state and industry regulations around cybersecurity that require additional procedures, enhanced proactive security measures, and timely disclosure of security incidents, say Alex Koskey and Matt White at Baker Donelson.

  • 4 Ways The DOJ Is Changing Its Approach To Insider Trading

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    The U.S. Department of Justice’s recent increased focus on insider trading cases and the manner in which the DOJ is pursuing prosecutions reflect a break from historical practices and signal that the DOJ is branching into new areas to pursue perceived illicit trading activities, say attorneys at Davis Wright.

  • After Headwinds, 2024 May See Offshore Wind Momentum

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    Despite skyrocketing raw material costs, conflicting state and federal policies, and other setbacks for the offshore wind sector in 2023, the industry appears poised for growth in the coming year, with improving economics, more flexible procurement procedures and increasing legislative support, say Emily Huggins Jones and Ben Cowan at Locke Lord.

  • How State AGs Process And Prioritize Consumer Complaints

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    Recent state attorneys general actions illustrate how their offices triage, monitor and respond to consumer complaints — and why businesses need to be proactive in addressing these issues as they arise, say Meghan Stoppel and Hannah Cornett Land at Cozen O'Connor.

  • 10 Considerations For Litigating A New York Tax Case

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    While some of New York’s recently adopted corporate tax regulations are likely to face legal challenges, aggrieved taxpayers should answer certain questions before deciding to embark on the tax litigation process, say Cyavash Ahmadi and Jeffrey Friedman at Eversheds Sutherland.

  • 5 Trends That Will Affect Food Litigation In 2024

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    In 2024, food and beverage companies are likely to continue to face threats of litigation relating to so-called forever chemicals, citric and malic acid, and ESG claims, but recent developments in case law have created potential avenues for defense, say Abby Meyer and Khirin Bunker at Sheppard Mullin.

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