New York : Law360 : Legal News & Analysis (2024)

High Court Won't Hear Arguments On Madoff Clawback Math

The U.S. Supreme Court on Monday declined to hear arguments by an investor in Bernie Madoff's Ponzi scheme for overturning a Second Circuit decision on how to calculate the amount of investor withdrawals that can be clawed back to the Madoff bankruptcy estate.

Continuing its hiring in the finance and restructuring space, Paul Hastings LLP announced Monday that it is bringing on a team of 11 partners from King & Spalding LLP, including the co-head of the global finance and restructuring practice.

Blockbuster Summer: 10 Big Issues Justices Still Must Decide

As the calendar flips over to June, the U.S. Supreme Court still has heaps of cases to decide on issues ranging from trademark registration rules to judicial deference and presidential immunity. Here, Law360 looks at 10 of the most important topics the court has yet to decide.

Frank Execs Must Keep Fighting JPMorgan Fraud Indictment

A New York federal judge has refused to throw out an indictment accusing two former executives of a student financial aid startup of tricking JPMorgan Chase & Co. into a buyout, according to an order filed Friday.

A consumer hit S. Martinelli & Co. with a proposed class action in New York federal courtFriday over allegations that the company failed to disclose that its apple juice contains arsenic, saying a recent recall campaign has been "a complete and abject failure."

Subaru Drivers Reach Class Deal Over Defective Fuel Pumps

A group of Subaru of America Inc. drivers asked a New Jersey federal judge Thursday to greenlight a settlement resolving proposed class claims that they bought or leased cars containing defective fuel pumps, saying thedeal would provide "concrete, real-world benefits" via reimbursem*nts and extended warranties.

Real Estate Recap: Courthouse Facelifts, Appraisal Bias

Catch up on this week's key developments by state from Law360 Real Estate Authority — including how federal money will refresh seven courthouses around the country and what Freddie Mac's former multifamily appraisal chief thinks about appraisal bias and market distress.

NY Trump Verdict May Make Finding Ga. Jurors Harder

Former President Donald Trump's felony conviction in New York could make the already daunting task of finding fair and impartial jurors to serve on the jury in the Georgia election interference case even more difficult when it reaches trial, legal experts told Law360 on Friday.

Utility Co. Shuts Down Ex-Worker's Severance Pay Suit

A utility company defeated an ex-employee's lawsuit alleging he was wrongly denied severance pay after rejecting a job that would've lengthened his commute by more than 50 miles, with a New York federal judge finding he'd failed to show the company's refusal was an egregious error.

Jilted FTX Claim Buyer Sues Crypto Trader In Chancery

An affiliate of Connecticut hedge fund Silver Point Capital has sued a crypto trading firm and a buyer of FTX bankruptcy claims in Delaware Chancery Court, alleging that they breached a sale agreement for "a highly unique and lucrative customer claim" with a face value of $10 million in the FTX bankruptcy case.

DOJ Slams Apple's Planned Bid To Dismiss Antitrust Suit

The U.S. Justice Department has hit back against Apple's proposed bid to exit the department's antitrust suit claiming that the company is monopolizing the smartphone market, arguing that the technology giant ignores "well-pleaded facts" and misinterprets the law.

How Trump's Hush Money Sentencing Could Get 'Dicey'

Now convicted of nearly three dozen felonies, former President Donald Trump must move through the machinery of the New York state court system's sentencing process, which involves sitting down for an interview with a probation officer and a chance to directly address a judge he's called biased and "corrupt."

NY Appeals Court Backs Trimming Of 50 Cent Liquor Spat

A New York appeals court has said a lower court rightly dismissed some components of a suit brought by a fine liquors company owned by rapper 50 Cent, allowing Jim Beam and its parent company to escape the rapper's claims they aided a fraud and rejecting his request for punitive damages and attorney fees.

Former Navy Vice Chief Indicted On Bribery Charges

Retired U.S. Navy Vice Chief of Naval Operations Adm. Robert Burke and the co-CEOs of a Navy contractor, Yongchul "Charlie" Kim and Meghan Messenger, have been indicted over an alleged bribery scheme to steer contracts to the executives' company, the U.S. Department of Justice announced Friday.

Mountain Of Messages Dominates Week 2 In Menendez Trial

The wife of U.S. Sen. Robert Menendez asked her "handsome senator" husband for a favor that allegedly furthered a bribery scheme, coached him on what to say to Egyptian officials, and let an attorney use her phone to make a deal with him, jurors learned during the second week of trial in the government's corruption case.

Off The Bench: NCAA Transfers Freed, Atty Plays Cards Right

In this week's Off the Bench, the NCAA agrees to more historic rule changes while experts examine its post-House settlement future, and a patent lawyer looks back at his transformation into a poker champion.

Trump's New York Prosecutors Called To House Hearing

Rep. Jim Jordan, R-Ohio, chair of the House Judiciary Committee and its Select Subcommittee on the Weaponization of the Federal Government, demanded on Friday that Manhattan prosecutors appear for a hearing on June 13 on the prosecution of former President Donald Trump, who was convicted on Thursday of 34 felonies.

Polsinelli's Medical Device Team Gains Ex-Lerner David IP Trio

Polsinelli PC is continuing to grow its intellectual property bench, saying Thursday that it has brought on three attorneys from the boutique Lerner David LLP who focus on intellectual property strategy and protection.

Greek IT Company Sues NY Law Firm Over Leaked Patent Info

A Greece-based technology company has sued Ladas & Parry LLP in New York federal court, alleging that the firm sent proprietary information to a third party while the company had an attorney-client agreement with the firm.

Contractor, Insurers Settle NYC Four Seasons Coverage Row

A New York federal judge dismissed a general contractor's suit seeking coverage from two insurers for an underlying $1 million action over damage to a Four Seasons hotel in midtown Manhattan, saying the parties have reached a proposed settlement.

Former Allstate Lawyer Settles Disability Bias Suit

A former in-house lawyer at insurance giant Allstate has agreed to settle his dispute with the company alleging he was wrongfully fired because his doctor said he could no longer work on trials because of heart issues.

Robins Kaplan Can't Escape Sanction Over Dropbox Access

A New York state appeals court has upheld the $156,000 sanction on litigation funding firm KrunchCash and its counsel Robins Kaplan LLP for poking through an opposing party's Dropbox database that was accidentally shared in a $10 million suit, finding that they knew or should have known it was privileged information.

Trump Condemns NY Trial As Verdict Echoes In DC

A day after his conviction on 34 felony counts, former president Donald Trump on Friday attacked the Manhattan jury's verdict in alengthy speech thatmischaracterized multiple elements of the case as the decision reverberated through Washington, D.C.

Disbarring Giuliani Would 'Protect The Public,' DC Panel Says

A Washington, D.C., attorney ethics panel agreed Friday that Rudy Giuliani's role in former President Donald Trump's attempt to overturn Pennsylvania's presidential election in 2020 amounted to misconduct "of the utmost seriousness," and that disbarring him would "protect the public, the courts, and the integrity of the legal profession."

Australian Co. Aims For Shopify Highs In $250M SPAC Deal

Sydney, Australia-based Btab Ecommerce Group Inc., an e-commerce supplier for small businesses, has agreed to merge with special-purpose acquisition company Integrated Wellness Acquisition Corp. in a transaction valued at $250 million, the companies said Friday.