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TOP NEWS
Greenberg Traurig Can't Avoid Trial In Forgery Suit
A state judge in Manhattan on Tuesday rejected a request by Greenberg
Traurig LLP to avoid a trial in a suit by a former Apollo fund manager who
says the firm knowingly used a forged document in litigation against him,
saying all that is left of the case must be decided by a jury in April. Read full
article »
Vijay Singh, PGA Settle 5-Year Deer-Antler Doping Saga
Golfer Vijay Singh has settled his lawsuit alleging the PGA Tour acted in bad
faith by suspending him for using a deer-antler supplement that wasn't
actually banned, according to documents filed Tuesday in New York state
court. Read full article »
Prison An Ignominious End To Gun Atty's Career, Judge Says
A Manhattan federal judge hit gun lawyer John Chambers with a year and a
day in prison Tuesday for bribing a former New York City police sergeant for
favors in securing clients' gun permits, saying the sentence marked "an
ignominious end to a legal career that started with so much promise." Read
full article »
UK Lawyer Gets 20 Months For Decade Of Dodging US Taxes
A Manhattan federal judge sentenced English lawyer Michael Little to 20
months in prison Tuesday for helping the children of a deceased investor
dodge taxes on their $14 million inheritance over a decade and for failing to
pay his own taxes, ruling also that the former Royal Marine lied as he
testified in his own defense. Read full article »
US Nabs Swiss Banker Wanted In Failed Case Against PE CEO
A Swiss banker wanted for years by U.S. authorities for an alleged market
manipulation scheme has been arrested and extradited to the U.S., to face
fraud and conspiracy charges in a stock manipulation case that once
targeted private equity CEO Benjamin Wey before it fell apart. Read full
article »
Spirit Passengers' Bag-Fee Fraud Suit Preempted
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LAW FIRMS
Akerman
Allen & Overy
Baker McKenzie
Boehl Stopher
Brenner Saltzman
Brune Law PC
CKR Law LLP
Cadwalader Wickersham
Cahill Gordon
Caplin & Drysdale
Casillas Santiago
Clifford Chance
Covington & Burling
Cravath Swaine
DLA Piper
Davis Polk
Debevoise & Plimpton
Dewey Pegno
Dykema Gossett PLLC
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A New York federal judge on Tuesday tossed a proposed class action
alleging Spirit Airlines Inc. defrauded consumers by concealing its carry-on
bag fees on tickets sold through other online travel agents, saying federal law
preempts their contract and fraud claims. Read full article »
Vending Machine Co. Staff Ask 2nd Circ. To Nix Fraud Raps
A group of former employees of a defunct Long Island vending machine
company on Tuesday urged the Second Circuit to vacate their convictions for
defrauding customers by lying about the money-making potential of the
machines, with one worker citing ineffective assistance of counsel. Read full
article »
Convicted Ex-Vereit Exec Attacks Witness' Credibility
Convicted former Vereit Inc. executive Brian Block angled for a retrial on
Tuesday, attacking the credibility of a government cooperator who was
offered part of another witness' whistleblower payout — a fact Block says
prosecutors withheld. Read full article »
Investor Sues Foot Locker Over $6B Market Cap Drop
A Foot Locker Inc. shareholder filed a derivative suit against the company's
officers and directors on Tuesday, claiming their actions and
misrepresentations led to a nearly $6 billion drop in the company's market
capitalization — representing more than half of the company's value — over
the course of eight months in 2017. Read full article »
Altice Slammed With Stock-Drop Suit After $2.2B IPO
A putative class of investors filed a complaint in New York federal court on
Monday alleging that cable television provider Altice USA Inc. misled them in
the lead-up to the company's $2.2 billion initial public offering before the
stock plunged 43 percent. Read full article »
Investcorp Slams Hedge Fund's Bid To Keep $100M Suit Alive
Investment adviser Investcorp lambasted Kortright Capital Partners LP in a
heated exchange over whether Investcorp can duck the sole remaining claim
in a $100 million suit alleging it defaulted on investment promises by pulling
funds out of Kortright ahead of a deal with another party, according to new
filings in New York federal court. Read full article »
EMPLOYMENT
Ex-NFL Security Personnel Shorted On OT, Benefits, Suit Says
A group of former National Football League security personnel filed a
proposed class action in a New York federal court Tuesday claiming the
league misclassified them as independent contractors as a way to deny them
overtime and benefits. Read full article »
COMPETITION
Firm's Antitrust Claims Survive In Interest Rate Swaps MDL
A New York federal judge on Tuesday denied a bid to dismiss fintech firm
trueEX LLC's antitrust claims against 11 banks that allegedly boycotted the
firm's interest rate swaps platform and funneled business to an exchange that
they operated, finding the allegations mirrored others in the multidistrict
litigation that were allowed to pass through. Read full article »
Metaswitch Says Rival Telecom Co. Tried To Kill Competition
Metaswitch Networks Ltd., a telecommunications company, filed an antitrust
complaint in New York federal court Tuesday alleging that another telecom
intended to eliminate competition among companies that transform landline
Earthjustice
Eversheds Sutherland
Fitch Law Partners
Foley & Lardner
Fredericks Peebles
Freshfields
Fried Frank
Gallet Dreyer
Gibson Dunn
Gleiss Lutz
Goodwin
Greenberg Traurig
Halperin Battaglia
Hanamirian Law Firm
Hermina Law Group
Hogan Lovells
Holwell Shuster
Hughes Hubbard
James Montgomery
Jenner & Block
Jones Day
Kaplan Hecker
Katten Muchin
Klee Tuchin
Kostelanetz & Fink
Lankier Siffert
Latham & Watkins
Levi & Korsinsky
Lewis Brisbois
Linklaters
Milbank Tweed
Morvillo Abramowitz
Native American Rights Fund
O'Melveny & Myers
O'Neill & Borges
Paul Hastings
Paul Weiss
Proskauer Rose
Ray Quinney
Reed Smith
Schiff Hardin
Sepulvado Maldonado
Seward & Kissel
Shearman & Sterling
Sher Tremonte
Simpson Thacher
Skadden
Steptoe & Johnson LLP
Stites & Harbison
Sullivan & Cromwell
The Chandra Law Firm
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phone networks through serial acquisitions and exclusionary tactics. Read
full article »
BANKRUPTCY
Revised Puerto Rico Sales Tax Plan Cleared For Creditor Vote
A plan to restructure nearly $18 billion in debt carried by the Puerto Rico
Sales Tax Corp., or COFINA, will go to a creditor vote, the judge presiding
over the U.S. territory's bankruptcy-like proceedings ruled Tuesday, putting
the agency on track to confirm its debt adjustment scheme by mid-January.
Read full article »
Provant Creditors File Ch. 11 Clawback Over $2M Transfer
The official committee of unsecured creditors of Provant Health has sued a
group of company equity owners, claiming they improperly transferred more
than $2 million from the company to avoid their guaranty obligations. Read
full article »
BANKING
OCC Says NY Still Jumping The Gun On Fintech Charter Suit
No one has yet applied for or received a fintech charter from the Office of the
Comptroller of the Currency, and that undercuts the latest attempt by New
York's financial services regulator to block the charter in court, counsel for the
office told a Manhattan federal judge. Read full article »
TAX
NJ Atty Makes Coy Push For Lead In Danish Tax Fraud MDL
Cryptic concerns about international criminal investigations were not enough
Tuesday to secure New Jersey attorney John M. Hanamirian a leadership
role defending hundreds of American pension plans against multidistrict
litigation accusing them of cheating Danish tax authorities, a Manhattan
federal judge said in court. Read full article »
IMMIGRATION
Michael Cohen-Linked Atty Found Guilty Of Asylum Fraud
An immigration lawyer linked to President Donald Trump's former attorney
Michael Cohen was found guilty of lying on more than 100 asylum
applications to immigration authorities and aggravated identity theft following
a two-week trial, the U.S. Attorney's Office for the Southern District of New
York said Monday. Read full article »
States, Dem Legislators Back Monument Suits Against Trump
Democratic lawmakers and several states urged a D.C. federal court Monday
to hear out challenges by environmental groups and tribes to President
Donald Trump's decision to shrink national monuments in Utah, joining a host
of others questioning Trump's authority under the Antiquities Act. Read full
article »
Siemens Accuses NYC Of 'Reckless Conduct' In $143M Suit
New York City owes a Siemens AG unit at least $143 million for "grossly
negligent and reckless conduct" during the construction of a water treatment
plant in the Bronx, the company said in a state lawsuit filed Monday. Read full
article »
Weiser Law Firm PC
White & Case
Williams & Connolly
Willkie Farr
Winston & Strawn
Wollmuth Maher
COMPANIES
Altice SA
Altice USA
Amazon.com Inc.
American Airlines Group Inc.
Association on American Indian
Affairs
BB&T Corporation
BC Partners
BNP Paribas
Bank of America Corporation
Barclays Investment Bank
Center for Biological Diversity
Citigroup Inc.
Conference of State Bank
Supervisors
Credit Agricole SA
Deer Consumer Products Inc.
Defenders of Wildlife
Deutsche Bank AG
Expedia Inc.
Foot Locker Inc.
Garda World Security Corp.
Goldman Sachs Group Inc.
HighQ Solutions Ltd.
Hooper Holmes, Inc
Information Security Forum Ltd.
Information Systems Security
Association
Investcorp Bank BSC
JPMorgan Chase & Co.
Lehman Brothers Holdings Inc.
Man Group PLC
McMahon & Associates CPAs
Morgan Stanley
NASDAQ OMX Group Inc.
NFL Enterprises LLC
National Congress of American
Indians
National Parks Conservation
Association
National Trust for Historic
Preservation
Natural Resources Defense
Council
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Real Estate Rumors: Palmcorp, Wells And Goldman, Redwood
Palmcorp Development has reportedly landed nearly $14 million in financing
for a project to build single-family homes in Miami, Wells and Goldman are
said to have loaned a combined $156 million for a New York retail and
residential building, and Redwood Partners has reportedly bought a Long
Beach, California, office campus for $60.5 million. Read full article »
EXPERT ANALYSIS
Emerging Cybersecurity Threats In The Legal Industry
Predicting how the cybersecurity landscape will develop is critical for any
organization wanting to mitigate the risk of the inevitable future attack.
Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in
the next 12 months. Read full article »
LEGAL INDUSTRY
BigLaw Firms Take Cravath's Cue On Holiday Bonuses
Shortly after Cravath Swaine & Moore LLP's announcement that the firm
would dole out end-of-year bonuses to associates in line with previous years,
a smattering of BigLaw firms pronounced Tuesday that they would follow suit.
Read full article »
Akerman's Ex-CEO Back In Leadership Role After Shakeup
Akerman LLP's newest chairman and CEO has ended his term after fewer
than 10 months, and his predecessor has stepped in to resume his old post,
the Florida-based firm announced on Monday. Read full article »
Baker McKenzie Is Strongest Brand In Mainland Europe
Baker McKenzie is the law firm best positioned to take advantage of rising
legal spending in Europe, according to a survey released Tuesday by London
research firm Acritas. Read full article »
Lewis Brisbois Attys Threatened With Jail For Order Breach
A Dallas judge has threatened to jail a representative of security company
GardaWorld and attorneys at Lewis Brisbois for refusing to turn over GPS
data for a truck involved in a fatal collision. Read full article »
Legal Industry Lags In AI, Machine Learning Use
A recent survey by analytics firm RELX Group found that the legal industry
lags behind other industries in utilizing big data, artificial intelligence and
machine learning in their work, with legal industry executives also much more
skeptical of the potential use for Al in their field. Read full article »
Law Firm Leaders: Schiff Hardin's Marci Eisenstein
Marci Eisenstein, the first woman managing partner of Chicago-based Schiff
Hardin LLP, spoke to Law360 about the changing business of law, the
challenges facing the legal industry and how her firm works to distinguish
itself in an increasingly competitive market. Read full article »
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