New York

  • December 05, 2023

    Trump's Broker & Club Member Touts Mar-A-Lago's $1B Value

    A Florida real estate broker and member of Donald Trump's Mar-a-Lago club took the stand Tuesday in New York state court to defend the former president's valuation of the property, saying it was worth more than $1 billion based on his billions in sales experience and "gut" feelings.

  • December 05, 2023

    SEC, Terraform Clash Over Jury's Role At Upcoming Trial

    The U.S. Securities and Exchange Commission and Terraform Labs are sparring over whether a jury can determine if Terraform's tokens are securities as the parties await the court's decision on competing motions for summary judgment.

  • December 05, 2023

    Macy's Recruits Ex-Hanes, Neiman Marcus Atty For CLO Role

    A seasoned chief legal officer who has worked in-house for several well-known retail companies, including Hanes, Neiman Marcus and Levi Strauss & Co., is set to be the next top lawyer at Macy's, the department store chain said Tuesday.

  • December 05, 2023

    LinkedIn, Zoom May Be Enforcers' Next Recordkeeping Target

    Financial firm communications on platforms like LinkedIn and Zoom may be an upcoming focus for regulators after a spate of enforcement actions over off-channel communications via WhatsApp and other texting applications, according to a report released Tuesday.

  • December 05, 2023

    NBA Urges 2nd Circ. To Toss Appeal In 'Abusive' Privacy Suit

    The National Basketball Association urged the Second Circuit on Tuesday to uphold a lower court's dismissal of a proposed class action that accused the organization of unlawfully sharing personal information of its online video viewers with Facebook on the grounds the suit was seeking to improperly expand the Video Privacy Protection Act.

  • December 05, 2023

    Seyfarth Adds Ex-Goldman Sachs Benefits Atty As Partner

    Seyfarth Shaw LLP said Tuesday that it has added the longtime in-house legal chief over Goldman Sachs' executive compensation and employee benefit plans as a partner in the New York office.

  • December 05, 2023

    Virtu Attacks SEC's 'Hypothetical' Information Security Suit

    Virtu Financial Inc. is fighting a U.S. Securities and Exchange Commission lawsuit accusing a subsidiary of failing to safeguard certain client information from its own in-house traders, arguing that the case should be dismissed because the regulator has not alleged that any Virtu employees actually accessed or misused that information.

  • December 05, 2023

    Brazilian Bank Seeks To Halt Americanas Bankruptcy Plan

    Brazilian bank Banco Safra objected to Brazilian retail chain Americanas most recent restructuring plan that the company and shareholders proposed, saying the plan is "deficient" because it seeks to prevent creditors from continuing to investigate alleged fraud by the company.

  • December 05, 2023

    Trump, SBF Trials Spotlight Nonverbal Signaling, Prof Says

    Recent trials involving Donald Trump and Sam Bankman-Fried — and even the much older O.J. Simpson trial — show clearly that savvy trial lawyers are wielding forms of nonverbal communication that aren't subject to ethics guidelines, an expert on the topic said Tuesday.

  • December 05, 2023

    Jackson Urges High Court To Dispose Of Automatic Vacaturs

    U.S. Supreme Court Justice Ketanji Brown Jackson on Tuesday again criticized a procedural mechanism that obligates the justices to vacate lower court opinions and offered up an alternative analysis they could use to decide whether to vacate rulings by the lower courts.

  • December 05, 2023

    Investor Fights For New Shot At Cannabis Co. Accounting Suit

    An investor who alleged cannabis company Cronos Group Inc. violated "black-and-white accounting standards" to artificially boost quarterly revenue by 40% is asking to amend a consolidated lawsuit's claims post-dismissal, arguing that a New York federal judge's November decision to toss the case with prejudice ran afoul of Second Circuit precedent.

  • December 05, 2023

    Feds Say Bosnian Man Helped Russian Flee Sanctions Case

    Federal prosecutors in Brooklyn, New York, on Tuesday announced the arrest of a Bosnian man who they said assisted a Russian trader in escaping house arrest in Italy after he was accused of procuring weapons parts and oil in furtherance of Russia's war in Ukraine.

  • December 05, 2023

    Jury Awards Man $50K In Retaliation Case Against Apparel Co.

    A New York federal jury awarded a $50,000 verdict to a man who represented himself in a retaliation case accusing his former employer, an apparel company, of firing him after he lodged two harassment complaints against a supervisor.

  • December 05, 2023

    Insurer Urges 2nd Circ. To Uphold No Defense Ruling

    An insurer urged the Second Circuit to affirm a ruling which found that it has no duty to defend Paraco Gas Corp. and its executives in a family shareholder dispute, saying a New York federal judge correctly found that a contract exclusion provision in the policy bars coverage.

  • December 05, 2023

    Microsoft Added As Defendant In Writers' OpenAI IP Suit

    Microsoft Corp. has been added to an amended putative copyright class action against OpenAI filed by a group of writers who accuse the artificial intelligence research company of using protected works to "train" its generative AI product ChatGPT, arguing OpenAI's training couldn't have happened without Microsoft's "financial and technical support."

  • December 05, 2023

    Aspiring Antiques Bigwig Took $6M And Fled, SEC Tells Jury

    A Nevada man who raised $20 million from investors to launch a sports-focused collectibles and media empire misappropriated $6 million before fleeing the United States, securities regulators told a Manhattan federal jury Tuesday.

  • December 05, 2023

    AP3 And Wafra Team Up For New $1.05B Investment Platform

    The Third Swedish National Pension Fund and alternative investment manager Wafra Inc. on Tuesday announced the formation of new investment platform Covalent, which will be launched with $1.05 billion of capital to focus on mid-market buyouts and growth equity investments in North America and Europe.

  • December 05, 2023

    Real Estate Rumors: Prospera Growth, KBS, M&C Saatchi

    Prospera Growth Fund has reportedly landed $97.6 million in financing for a Utah student housing property, KBS Growth & Income REIT is said to have sold a Chicago office building for $17 million and M&C Saatchi is said to be leasing 13,000 square feet in New York.

  • December 05, 2023

    Jack Daniel's Ruling Helps Vans Defeat 2nd Circ. TM Appeal

    The Second Circuit on Tuesday cited a recent Supreme Court decision that stripped special First Amendment protections for a Jack Daniel's-spoofing chew toy in a ruling that will allow Vans to enforce a restraining order against a Brooklyn art collective that made a parody of its marquee shoe.

  • December 05, 2023

    2nd Circ. Doubts Broadway Producer's Union Blacklist Suit

    A Second Circuit panel appeared unlikely on Tuesday to revive an embattled Broadway producer's antitrust lawsuit challenging his placement on the Actors' Equity Association's "do not work" list, saying it seems clear that the union acted appropriately after actors alleged wage violations and a toxic work environment.

  • December 05, 2023

    High Court Axes ADA Case But Says Issue Is 'Very Much Alive'

    The U.S. Supreme Court decided Tuesday that Acheson Hotels LLC's Americans with Disabilities Act appeal against a self-appointed "tester" is moot, finding the disabled litigant voluntarily dismissed her suit against the company, though the court said the issue of standing to sue over accessibility information on businesses' websites is "very much alive."

  • December 05, 2023

    COVERAGE RECAP: Day 40 Of Trump's NY Civil Fraud Trial

    Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 40.

  • December 04, 2023

    Abercrombie Ex-CEO Sues For Fees In NY Sex Trafficking Suit

    Abercrombie & Fitch's former CEO Michael Jeffries on Monday sued the apparel retailer in Delaware state court alleging it won't pay an advancement for fees he has incurred fending off a putative class action in New York accusing him of running a sex trafficking ring to abuse young male models.

  • December 04, 2023

    Feds Say Ex-Lumentum Exec Should Serve Up To 6 Years

    Manhattan federal prosecutors want a prison sentence between 57 and 71 months for former Lumentum Holdings Inc. Chief Information Security Officer Amit Bhardwaj, who pled guilty in March to claims he passed inside information to a California software engineer who held a senior role at Adobe.

  • December 04, 2023

    Man Who Says He Invented Post-It Notes Files $1.7B Suit

    An inventor has filed a lawsuit in New York federal court alleging that 3M has made disparaging comments about him regarding the inventorship of the Post-it note, saying he's owed $1.7 billion.

Expert Analysis

  • 7 Critical Copyright And AI Questions Courts Need To Address

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    U.S. courts have yet to rule on many copyright issues regarding generative artificial intelligence technologies, so developers and users should consider several questions when evaluating risks, developing risk mitigation plans and making decisions about particular use cases, say John Delaney and Sean West at Perkins Coie.

  • How Purdue High Court Case Will Shape Ch. 11 Mass Injury

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    The U.S. Supreme Court's recent arguments in Harrington v. Purdue Pharma, addressing the authority of bankruptcy courts to approve nonconsensual third-party releases in Chapter 11 settlement plans, highlight the case's wide-ranging implications for how mass injury cases get resolved in bankruptcy proceedings, says George Singer at Holland & Hart.

  • Opinion

    Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • 1 Year In, Money Laundering Law Tweak May Have Big Impact

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    Despite receiving little attention, Congress' quiet extension of the statute of limitations for money laundering offenses involving foreign bribery offenses is a powerful prosecutorial tool that defense counsel can nevertheless counter by using certain pretrial challenges, says attorney Andrew Feldman.

  • Why NYC Building Owners Shouldn't Ignore Emissions Rule

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    New rules from the New York City Department of Buildings clarify the previously vague good faith efforts that building owners may make to mitigate penalties for not complying with a major carbon emission law that takes effect in January, and should discourage owners from simply paying the fines instead of decarbonizing, says William McCracken at Moritt Hock.

  • 2nd Circ. Defamation Ruling May Chill NY Title IX Reports

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    The Second Circuit’s recent decision, holding accusers in Connecticut Title IX sexual misconduct cases are not immune to defamation claims, means that New York higher education institutions should reassess whether their disciplinary hearing procedures both protect due process and encourage victim and witness participation, says Nicole Donatich at Cullen and Dykman.

  • Series

    Writing Thriller Novels Makes Me A Better Lawyer

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    Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.

  • What Lawyers Must Know About Calif. State Bar's AI Guidance

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    Initial recommendations from the State Bar of California regarding use of generative artificial intelligence by lawyers have the potential to become a useful set of guidelines in the industry, covering confidentiality, supervision and training, communications, discrimination and more, say attorneys at Debevoise.

  • Industry Must Elevate Native American Women Attys' Stories

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    The American Bar Association's recent research study into Native American women attorneys' experiences in the legal industry reveals the glacial pace of progress, and should inform efforts to amplify Native voices in the field, says Mary Smith, president of the ABA.

  • 3 AI Regulation Developments Insurers Must Follow

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    Insurance regulators continue to actively develop regulations and guidance on the use of artificial intelligence, so insurers should be aware of recent developments from the Colorado Division of Insurance, the National Association of Insurance Commissioners and the New York Department of Financial Services, say attorneys at Willkie.

  • New York Cybersecurity Amendments Raise Regulatory Bar

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    Financial service providers both in and outside New York should study recent changes to the state financial regulator's cybersecurity requirements, which add governance controls, technical safeguards and incident response protocols to improve what is already becoming the national benchmark for robust cybersecurity compliance programs, say attorneys at Baker McKenzie.

  • Understanding Discovery Obligations In Era Of Generative AI

    Excerpt from Practical Guidance
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    Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.

  • 5 Steps To Meet CFTC Remediation Expectations

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    After the U.S. Commodity Futures Trading Commission recently updated its enforcement policies, organizations should implement elements of effective remediation — from root-cause analyses to design effectiveness tests — to mitigate the risk of penalties and third-party oversight, say Jonny Frank and Chris Hoyle at StoneTurn Group.

  • Asserting 'Presence-Of-Counsel' Defense In Securities Trials

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    As illustrated by the fraud trial of FTX founder Sam Bankman-Fried, defense attorneys in securities trials might consider arguing that counsel had some involvement in the conduct at issue — if the more formal advice-of-counsel defense is unavailable and circumstances allow for a privilege waiver, say Joseph Dever and Matthew Elkin at Cozen O'Connor.

  • An Overview Of Circuit Courts' Interlocutory Motion Standards

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    The Federal Arbitration Act allows litigants to file an immediate appeal from an order declining to enforce an arbitration agreement, but the circuit courts differ on the specific requirements for the underlying order as well as which motion must be filed, as demonstrated in several 2023 decisions, says Kristen Mueller at Mueller Law.

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