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Wednesday, July 3, 2019
Law360
TOP NEWS
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Cravath's Ties To NYU Not Enough For New Trial, Judge Says
A New York federal court ruled that a former judge who rejoined Cravath
Swaine & Moore LLP after tossing out a $358 million ERISA class action
against New York University was not biased in NYU's favor, rejecting
university workers' bid for a new trial.
Order attached I Read full article
States Reach $6M Deal With LexisNexis Over Withheld Fees
LexisNexis Risk Solutions Inc. agreed on Tuesday to pay $5.8 million to
resolve a suit in Florida federal court brought by various states and a city
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LAW FIRMS
Arrowood LLP
Barclay Damon
Berger Montague
Calhoun & Lawrence
Chaffetz Lindsey
Cooley
Cravath Swaine
DLA Piper
Dentons
Emery Celli
Faruqi & Faruqi
Fenwick & West
Foley & Lardner
Foster Pepper
Freidin Brown
Freshfields Bruckhaus
Furniss Davis
Gadow Tyler
Garvey Schubert
Gibson Dunn
Glasser & Glasser
Goldman Ismail
Greenberg Traurig
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alleging that the data and analytics company wrongfully withheld fees from
law enforcement agencies when reselling their automobile crash reports.
Read full article »
Ed Sheeran Trial On Hold For 9th Circ. Led Zeppelin Ruling
A Manhattan judge has put off a September jury trial over whether Ed
Sheeran's "Thinking Out Loud" infringes Marvin Gaye's "Let's Get It On,"
saying Tuesday that a coming decision by the full Ninth Circuit in a copyright
appeal involving Led Zeppelin may be informative.
Read full article »
Fake Mont. Cattle Rancher Cops To Fraud, Will Repay $43M
A Montana man told a Manhattan federal judge Tuesday he lied about his
family's assets, including falsely claiming to own cattle and a ranch, to borrow
$43 million from lender Third Eye Capital Corp.
Read full article »
2nd Circ. Revives Chinese Woman's Belated Asylum Bid
A split Second Circuit panel on Tuesday paved the way for a woman who
was forced by the Chinese government to have an abortion two decades ago
to qualify for asylum based on that experience, excusing her entire asylum
application from the one-year filing deadline because of her recent
conversion to Christianity.
Opinion attached I Read full article »
NYC Doc Convicted In $2M Opioid Scheme Gets 5 Years
A New York doctor was sentenced on Tuesday to five years in prison for
prescribing nearly 1 million oxycodone pills to patients who didn't actually
need them in exchange for cash, reaping $2 million in the process.
Read full article »
25 State AGs Urge CFPB Not To Roll Back Overdraft Rule
Attorneys general representing half the states in the nation signed on to a
Monday letter urging the Consumer Financial Protection Bureau not to alter
its overdraft rule, as the agency carries out a mandatory 10-year review of
the regulation due to be completed this November.
Letter attached I Read full article »
Cuomo Wants NY To Probe Facebook Housing Advertisers
New York Democratic Gov. Andrew Cuomo on Monday announced plans for
the state's Department of Financial Services to investigate advertisers that
allegedly prevent certain protected groups from seeing their housing ads on
Facebook.
Read full article >>
INSURANCE
2nd Circ. Agrees Recycling Bin Not A 'Vehicle' Under Policy
The Second Circuit on Tuesday upheld a New York federal judge's ruling that
a wheeled recycling bin does not qualify as a vehicle in a policy dispute
between an insurer and a Manhattan co-op over a gas line ruptured by the
bin.
Order attached I Read full article »
2nd Circ. Revives Insurers' Fight Over Truck Crash Coverage
The Second Circuit has thrown out a win for Country-Wide Insurance Co. in a
dispute with United Financial Casualty Co. over coverage for a truck driver
Hagens Berman
Hangley Aronchick
Heiberger & Associates
Hilliard & Shadowen LLP
Jomarron Lopez
Kaufman & Canoles
Kenny Nachwalter
Kessler Topaz
Kramer Levin
Labaton Sucharow
Lee Litigation Group
Levin & Glasser
LevinCyphers
Lewis Brisbois
Littler Mendelson
Loeb & Loeb
Mayer Brown
Miller Law Offices
Morgan Lewis
Motley Rice
Much Shelist
Mukasey Frenchman
Norton Rose
Nussbaum Law Group PC
Outten & Golden
Pearl Cohen
Pierce Bainbridge
Pryor Cashman
Putney Twombly
Quinn Emanuel
Rivkin Radler
Robbins Geller
Satterlee Stephens
Schiff Hardin
Schlichter Bogard
Shearman & Sterling
Shepherd Finkelman
Silver Miller
Sperling & Slater
Spiritus Law
Sullivan & Cromwell
Taus Cebulash
The Law Offices of Neal Brickman
Troutman Sanders
Vanek Vickers
Weil Gotshal
Wilkofsky Friedman
Wilson Sonsini
Wittels Law
Wolcott Rivers
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involved in a three-vehicle crash, saying a lower court improperly concluded
that UFCC waited too long to disclaim liability coverage.
1 document attached I Read full article »
Barilla Dodges Nationwide Class Claims Over Sauce Labels
Nationwide class claims in a suit over "no preservatives" labels on Barilla
America Inc. pasta sauces cannot proceed, after an Illinois federal judge said
on Tuesday it would be unmanageable because of differences among the
various states' fraud and consumer protection laws.
Order attached I Read full article »
Calif. Business Owner Claims NBA Stole His $50M App Idea
A California man is suing the National Basketball Association in New York
federal court for $50 million, claiming the league stole his idea for an online
app that would give fans prizes if they correctly predicted how their favorite
stars would perform.
Complaint attached ! Read full article »
Ticket Biz Seeks $378K In Atty Fees After Rival's Sanctions
Lawyers who successfully represented Broker Genius Inc. in securing a $4.5
million verdict and effectively shutting down a rival over pilfered technology
have asked a New York federal court to award their client more than
$378,000 in attorney fees and costs for what the company spent on a
contempt bid.
1 document attached I Read full article »
EMPLOYMENT
2nd Circ. Sends Home Care Worker's Wage Suit To Arbitration
The Second Circuit ruled Tuesday that a New York City home health care
provider can push claims that it stiffed a worker on overtime and premium
pay into arbitration, saying a trial court misinterpreted a mandatory arbitration
clause in a collective bargaining agreement.
Decision attached i Read full article »
Columbia Univ. Workers Fight To Keep ERISA Suit Alive
A class of roughly 24,000 current and former Columbia University workers hit
back at the school's bid to exit a suit claiming it mishandled their retirement
savings, saying their plans were saddled with high record-keeping fees and
that the university knew the plans contained imprudent funds.
Memorandum attached I Read full article »
Blockchain Biz Accused Of Inflating Token Value In $3M Sale
A blockchain company's unfounded hype and conduct artificially inflated its
token value to raise close to $3 million in a token sale, only to see its value
plummet by 90% about a month later, a cryptocurrency investment fund told
a New York federal court.
Complaint attached I Read full article »
BANKRUPTCY
COMPANIES
Altman Weil Inc.
Apartment Investment &
Management Co.
Banco Bradesco SA
Bank of America Corp.
Barilla Holding SpA
Bats Global Markets Inc.
Beth Israel Deaconess Medical
Center
Blaqwell Inc.
CHX Holdings Inc.
Citigroup Inc.
Country-Wide Insurance Co.
Ditech Holding Corp.
Facebook Inc.
Fannie Mae
Fireman's Fund Insurance Co.
Freddie Mac
Glenmark Pharmaceuticals
JPMorgan Chase & Co.
LexisNexis Group
Los Angeles Lakers
Merck & Co Inc.
Metropolitan Museum of Art
NASDAQ OMX Group Inc.
National Basketball Association
New York University
Par Pharmaceutical Companies,
Inc.
RELX PLC
Statoil ASA
Vornado Realty Trust
Wells Fargo & Co.
Witkoff Group
iFinex Inc.
Consumer Financial Protection
Bureau
Equal Employment Opportunity
Commission
European Union
Federal Trade Commission
Food and Drug Administration
Hudson River Park Trust
New York Attorney General's Office
Securities and Exchange
Commission
U.S. Attorneys Office
U.S. Department of Homeland
Security
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Ditech Wins Approval For $52M Bid Protections In Ch. 11 Sale
A New York bankruptcy judge on Tuesday approved more than $52 million in
bid protections for the stalking horse bidders for Ditech Holding Corp.'s
mortgage origination and servicing businesses after consumers and the U.S.
Trustee said the company had satisfied their objections.
Read full article »
BANKING
Brazilian Bank To Pay $14.5M To End Investor Suit Over Bribes
Investors in Brazilian bank Banco Bradesco SA asked a New York federal
court on Monday to give the initial green light to a $14.5 million cash
settlement to end a stock-drop suit against the bank for allegedly artificially
inflating its securities prices by hiding a tax bribery scheme.
1 document attached I Read full article »
Investors Fight Exchanges' Appeal Bid In 'Flash Boys' Suits
The pension funds behind litigation inspired by the high-frequency trading
expose "Flash Boys" asked a New York federal judge on Monday not to send
their latest dismissal phase victory up to the Second Circuit.
1 document attached I Read full article »
Statoil, Texaco Units Want Brakes Kept On $16 Award Action
A Statoil unit and a Texaco subsidiary have asked a New York federal court to
keep on ice their litigation seeking to enforce roughly $1 billion in arbitral
awards against Nigeria's state-owned oil company, pointing to related
litigation in the West African country.
document attached I Read full article »
NYC Real Estate Week In Review
Loeb & Loeb and Goldberg Weprin were among more than half a dozen law
firms guiding the largest New York City real estate deals that hit public
records last week, most of which were for residential condo units in
Manhattan.
Read full article »
PEOPLE
Cooley Nabs Fenwick & West's International Trademark Whiz
Cooley LLP's newest litigation department partner, a recruit from Fenwick &
West LLP, has made his name taking brands international and wrestling with
trademark laws in every corner of the world to do so.
Read full article »
Pierce Bainbridge Tries To Nix Ex-Partner's 'Rambling' Action
Litigation boutique Pierce Bainbridge blasted former partner Donald Lewis'
wrongful termination suit as a "rambling, raging screed, full of scandalous
and prejudicial matter" in a brief filed Monday asking a New York state court
to dismiss the action.
2 documents attached I Read full article »
Real Estate Rumors: Nexus, Aimco, Meridian
Developer Nexus is said to have landed $41 million in financing for a
California hotel, real estate investment trust Aimco could fetch more than $44
U.S. Department of Housing and
Urban Development
U.S. Department of Justice
U.S. Supreme Court
United States Bankruptcy Court for
the Southern District of New York
United States District Court for the
Northern District of Illinois
United States District Court for the
Southern District of New York
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million with the sale of a Chicago apartment tower, and Meridian Properties
reportedly picked up two Brooklyn rental buildings for $35.25 million.
Read full article »
Bitfinex Returns $100M To Tether Amid NY AG Proceeding
Bitfinex has repaid $100 million of up to $700 million loaned to it by Tether,
the cryptocurrency exchange announced Tuesday, as the companies wrangle
with the New York attorney general over the nature of the initial credit facility.
Read full article »
EXPERT ANALYSIS
High Court Weakens State Laws For Liquor Retailers
The U.S. Supreme Court's decision in Tennessee Wine & Spirits Retailers
Association v. Thomas does not end the three-tier distribution system that
has guided alcohol beverage laws since the end of Prohibition, but it does
erode superficial jurisdictional boundaries for retail licensing, says Robert
Lewis of Spiritus Law.
Opinion attached I Read full article »
LEGAL INDUSTRY
Analysis
Why BigLaw Isn't As Jazzed About Merging In 2019
There's been a noticeable decline in U.S. law firm combinations so far in
2019 compared with recent years — and a total absence of major mergers by
big firms. Here's a look at what's behind the slump.
Read full article »
Justice Ginsburg Says She 'Lucked Out' Of BigLaw Career
Justice Ruth Bader Ginsburg said Tuesday that she "lucked our in that she
became the second woman on the U.S. Supreme Court rather than a
commercial litigator after rampant gender inequality in the legal profession in
the 1950s and '60s steered her away from private practice.
Read full article »
Cooley Hid Conflict While Helping Launch Company, Suit Says
Attorneys for Cooley LLP failed to tell a New Jersey chemist that the firm had
previously worked with his partner, then represented the partner's interests at
the expense of the chemist's while they launched a new company, according
to a lawsuit filed Monday in Massachusetts state court.
Read full article »
Wilson Sonsini Blasts Zetia Buyers' Bid For More Docs
Wilson Sonsini Goodrich & Rosati has assailed a motion to hand over more
documents in a multidistrict litigation against generic-drug maker Zydus over
antitrust claims, telling a Virginia federal court it has already provided plaintiff
drug buyers with 3,600 pages.
Read full article »
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