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Wednesday, October 10, 2018
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TOP NEWS
Hoops Recruit's Dad Tells Jury Cash Wasn't Only Factor
The father of former University of Louisville recruit Brian "Tugs" Bowen told a
Manhattan jury Tuesday that the hoops powerhouse was the right place for
his son regardless of cash payments he received, as lawyers for three men
accused of funneling illegal secret payments from Adidas to the basketball
dad pushed the narrative that they had no criminal intent. Read full article »
Harvard, NYU Law Reviews Biased Against White Men: Suit
The law reviews at Harvard Law School and the New York University School
of Law discriminate against white men when selecting their members and
which articles they will publish, according to a pair of suits filed in
Massachusetts and New York federal courts. Read full article »
Ex-Goldman CEO Aide Accused In Wine Theft Leaps To Death
A former assistant to the CEO of Goldman Sachs who was expected to plead
guilty on Tuesday to stealing $1.2 million in rare wines from his former
employer was found dead at a Manhattan hotel that afternoon in an apparent
suicide. Read full article »
Royal Park Can't Revive $3.7B RMBS Suit, NY Court Rules
A New York appellate court said Tuesday that a lower court was right to toss
Royal Park Investments SA/NV's $3.7 billion suit accusing four major banks
of committing fraud in connection with the sale of residential mortgage-
backed securities, finding the Belgian bank did not have standing to bring
negligence and fraud claims. Read full article »
2nd Circ. Mulls Unsettled McDonnell Issues In Guinean Case
A convicted former Guinean mining minister's attorney told an appeals court
panel on Tuesday that the Supreme Court's McDonnell ruling should apply to
foreign bribery law, leading one appellate judge to muse that the Second
Circuit has yet to limit the ruling to specific laws. Read full article
INSURANCE
Insurer Must Pay $1.2M In Tainted Milk Row, 2nd Circ. Told
Harleysville Worcester Insurance Co. on Tuesday urged the Second Circuit to
uphold a ruling that it is entitled to reimbursement from Wesco Insurance Co.
for nearly $1.2 million Harleysville shelled out defending and settling two suits
accusing a trucking company of delivering contaminated milk to a dairy plant,
saying that Wesco forfeited its primary arguments. Read full article »
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LAW FIRMS
Alston & Bird
Arnold & Porter
Belkin Burden
Brown Law Firm
Cassin & Cassin
Clifford Chance
Cravath Swaine
Davis Polk
Donnelly Conroy
Dorsey & Whitney
Fried Frank
Greenberg Traurig
Hengeler Mueller
Jones Day
Kellogg Hansen
Kennedys CMK
Kent Beatty
Korein Tillery
Latham & Watkins
LeClairRyan
Lee Litigation Group
Loeb & Loeb
Manatt Phelps
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Ex-Marks Paneth Accountant Charged In $2M IP Scheme
Federal authorities in Florida have arrested the former managing partner of a
Manhattan accounting firm on charges he defrauded investors of $2 million
through a sham intellectual property company he created. Read full article »
Shareholder Fires Back At Dismissal Bids In 6D Global Suit
A 6D Global Technologies Inc. shareholder on Friday swatted back at a trio of
dismissal bids in New York federal court, deriding "feeble attempts" by the
company, its former directors and a private equity firm's CEO to escape
claims that they allowed the digital marketing company's share price to be
manipulated. Read full article »
Starbucks Sued Over White Chocolate Energy Drink Labeling
A New York Starbucks customer is suing the coffee chain in Manhattan
federal court, claiming it has deliberately deceived customers by selling white
chocolate-flavored energy drinks that do not contain white chocolate. Read
full article »
Instagram Art Show Was Fair Use, Richard Prince Says
Visual artist Richard Prince is pushing to end copyright litigation over his
Instagram-themed art exhibit, arguing he was allowed to display largely
unaltered versions of other artists' images because he used them in "a
radically different aesthetic context." Read full article »
Nicki Minaj Didn't Return Rental Clothes, NY Stylist Claims
A professional stylist accused rap star Nicki Minaj in New York state court on
Friday of failing to pay for $73,000 worth of clothes and styling services,
saying he was now facing "serious financial hardship" because she stiffed
him. Read full article »
EMPLOYMENT
Bloomberg Workers Seek $13.8M In Costs, Fees In OT Suit
A class of Bloomberg LP help desk representatives have told a New York
federal judge they are entitled to $13.77 million in attorneys' fees and costs in
their suit alleging the company wrongfully excluded them from overtime pay,
the same day the parties sought final approval of a settlement in the case.
Read full article »
III. Atty Accused Of Defaming EB-5 Fund To Chinese Investors
The U.S. Immigration Fund LLC has sued an Illinois attorney, his business
partner and a Hong Kong consulting firm for fraud and defamation in New
York state court, alleging they defrauded the EB-5 center out of millions by
making false statements about the center to Chinese investors seeking EB-5
visas and inducing them to withdraw their capital from the fund. Read full
article »
BANKRUPTCY
FIKA's Proposed $11M Sale To Ch. 11 Lender Approved
FIKA, a bankrupt New York City coffee chain inspired by Swedish coffee
culture, inched forward Tuesday in its bid to sell the business to its secured
lender in Chapter 11 for roughly $11.4 million and remain in operation. Read
full article »
Meister Seelig & Fein
Morgan Lewis
Moskowitz LLP
Nexsen Pruet
Nijman Franzetti
Norton Rose Fulbright
Ogletree Deakins
Otterbourg PC
Pinsent Masons
Riker Danzig
Robbins Geller
Sidley Austin
Spolzino Smith
Sullivan & Cromwell
Tarter Krinsky
Weil Gotshal
Willkie Farr
COMPANIES
Adidas AG
Agri-Mark Inc.
Altman Weil Inc.
Amazon.com Inc.
American Bar Association
Ampal-American Israel Corp.
Barilla Holding SpA
Barnes & Noble Inc.
Bayer AG
Bloomberg
CVC Capital Partners
Chicago Bar Association
Credit Suisse Group AG
Delek Drilling
Deutsche Bank AG
Equifax Inc.
First Republic Bank
Fordham University
Goldman Sachs Group Inc.
HSBC Holdings PLC
HighQ Solutions Ltd.
Honeywell International Inc.
Instagram Inc.
Intel Corp.
International Centre for Settlement
of Investment Disputes
JPMorgan Chase & Co.
Kraft Foods Inc.
LexisNexis Group
Linkedln Corp.
Lone Star Funds
M&T Bank Corp.
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Ampal Reaches $150M Deal To Resolve Gas Row With Egypt
Bankrupt Ampal-American Israel Corp. has reached a $150 million deal to
resolve several arbitrations involving Egypt and two state-owned oil and gas
companies — one of which resulted in a $1.033 billion arbitral award against
Egypt — stemming from a terminated natural gas deal, according to
documents filed in New York bankruptcy court. Read full article »
CORRECTED: Ex-Exec Of Modi Jewelry Co. Seeks Access To
D&O Coverage
The ex-president of a company owned by billionaire jeweler Nirav Modi on
Thursday asked a New York bankruptcy court for an order allowing one of his
company's directors and officers insurance to pay for his legal defense,
saying the policy proceeds are not estate property. Correction: A previous
version of this story incorrectly identified the individual filing the motion. The
error has been corrected. Read full article »
BANKING
NCUA Seeks Sub To Bring RMBS Suit Against Deutsche Bank
The National Credit Union Administration has urged a New York federal judge
to allow the substitution of a new plaintiff to pursue claims against Deutsche
Bank National Trust Co. over a number of residential mortgage-backed
securities trusts, arguing that this swap would address standing issues
highlighted in a similar suit brought by the agency against U.S. Bank. Read
full article »
High Court Won't Review NY Honeywell Cleanup Fight
The U.S. Supreme Court on Tuesday declined to resurrect a suit by upstate
New York residents against Honeywell International Inc. that accused the
company of exposing them to "hazardous concentrations of toxic vapor"
during a cleanup of Onondaga Lake. Read full article »
NYC Real Estate Week In Review
More than a dozen law firms landed work on the largest New York City
transactions for which deeds were filed last week, with Loeb & Loeb LLP
helping Bank of New York Mellon Corp. land a $352 million purchase of an
office building one block north of One World Trade Center. Read full article »
Real Estate Rumors: FPA, Pentaurus, Mautner-Glick
FPA Multifamily has reportedly bought an Illinois apartment complex for $65
million, real estate investment firm Pentaurus is said to have picked up 60
Florida town homes for $13 million, and Mautner-Glick has reportedly bought
two New York residential and retail buildings for $19 million. Read full article
EXPERT ANALYSIS
Defamation In Litigation: A Primer On Privileges In NY
Under New York law, statements made in court and other litigation-related
communications are, in most cases, privileged. But these privileges have
limits, and it behooves litigants — particularly those inclined to speak publicly
about their cases — to be aware of them, says Jonathan Bloom of Weil
Gotshal & Manges LLP. Read full article »
Opinion
Trump Family Tax History: A Professional Evaluation
Mayo Foundation for Medical
Education and Research
Microsoft Corporation
Monsanto Co.
Morgan Stanley
National Basketball Association
National Collegiate Athletic
Association
New York Post
New York Times Co.
New York University
Noble Energy, Inc.
Signature Bank
Square Inc.
Starbucks Corporation
The Bank of New York Mellon
Corp.
U.S. Bancorp
UBS AG
United Nations Commission on
International Trade Law
UnitedLex Corp.
Wells Fargo & Co.
Bureau of Citizenship and
Immigration Services
Delaware Court of Chancery
Federal Bureau of Investigation
Federal Election Commission
Illinois Supreme Court
Internal Revenue Service
International Chamber of
Commerce
National Credit Union
Administration
Securities and Exchange
Commission
U.S. Attorneys Office
U.S. Department of Justice
U.S. Environmental Protection
Agency
U.S. Supreme Court
United States Bankruptcy Court for
the Southern District of New York
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From his perspective as a tax defense attorney for the past 30 years, Steve
Moskowitz of Moskowitz LLP weighs in on the allegations of past tax
impropriety by the Trump family. Read full article »
Knowledge Management: An Unsung Hero Of Legal Innovation
As technology evolves, law firms are increasingly looking for ways to improve
communication, transparency and service for their clients. Firms should put
knowledge management at the core of their value proposition to create a
competitive advantage, says Rob MacAdam at HighQ. Read full article »
LEGAL INDUSTRY
Gains Stall For Female Partners In Numbers, Salaries
The number of female equity partners at top law firms has barely budged in
more than a decade, with few signs of women making significant inroads into
the upper tiers of management or earning as much as men, according to a
report from the National Association of Women Lawyers. Read full article »
Justice Kavanaugh Not Shy At 1st Supreme Court Arguments
Justice Brett Kavanaugh got off to a quick start at the U.S. Supreme Court
following a rocky confirmation battle over sexual misconduct claims that
divided the nation, asking numerous questions Tuesday at his first pair of oral
arguments just days after he was sworn in as President Donald Trump's
second appointee to the high court. Read full article »
When A Justice's Vote Is Pivotal, Politics Rules: Study
A closely divided high court is more likely to hand down decisions that were
determined on ideological grounds and were intended to reshape the law,
rather than relying on legal precedent, new research shows. Read full article
Dorsey & Whitney Names New Managing Partner
Minneapolis-based Dorsey & Whitney LLP on Tuesday named Bill Stoeri, a
trial lawyer who has worked at the law firm for more than 30 years, as its new
managing partner starting next year. Read full article »
Feature
Chicago Courts Join Judiciary's Sex Harassment Reckoning
After disciplining a judge for allegedly sexually harassing a prosecutor,
Chicago's court system this month is set to hold its first-ever training on
sexual harassment for all of its nearly 400 judges, part of a growing trend in
state courts as they grapple with #MeToo. Read full article »
Adidas Taps Bayer US Legal Head For New General Counsel
The former head of legal for Bayer U.S. has been appointed general counsel
of Adidas AG, the Germany-based sportswear manufacturer said Tuesday.
Read full article »
Interview
15 Minutes With Barilla's Americas General Counsel
General counsel of the Americas for Barilla Group, Talita Erickson, recently
spoke to Law360 about what she looks for in outside counsel, what she
thinks about the billable hour, and the recent regulations that have had the
most impact on her business. Read full article »
Legal Tech Download: A Lawsuit-Generating Chatbot
The world of legal technology is quickly evolving, with new products coming
to market in rapid succession. Here, Law360 takes a look at five recent
developments. Read full article »
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