Law news

New Guidance on 'Hard Forks' and Changes From LIBOR

Law news - Wed, 10/16/2019 - 20:00

In their Taxation column, Elliot Pisem and David E. Kahen address two recent items of Treasury and IRS guidance relating to market-induced changes and their potential tax impact on owners of financial instruments, non-debt contracts and cryptocurrency: the change from the commonly used LIBOR rate to other reference rates in debt instruments and non-debt contracts, and "hard forks" in cryptocurrency where new units of cryptocurrency are received.

       
Categories: Law news

City Bar Argues in Favor of Plan to Close Rikers

Law news - Wed, 10/16/2019 - 18:58

"Ultimately, the imperative to close Rikers demands that this plan pass; anything less will doom the effort to close Rikers for a generation or more," the bar association said in a public statement.

       
Categories: Law news

Cuomo Signs Bill to Curb Trump's Pardon Power by Closing Double Jeopardy Loophole

Law news - Wed, 10/16/2019 - 18:20

Democrats in the state Legislature, over the past year, have supported the bill as another way for officials in New York to create a check on Trump's executive power.

       
Categories: Law news

Litigation Department of the Year Winner: Cravath, Swaine & Moore

Law news - Wed, 10/16/2019 - 18:12

In the same month last year we saw two major wins that exemplify the high-stakes litigation and exceptional client relationships Cravath is known for.

       
Categories: Law news

Litigation Department of the Year Finalist: Skadden, Arps, Slate, Meagher & Flom

Law news - Wed, 10/16/2019 - 18:11

Skadden's on-the-ground capabilities in financial centers around the globe, coupled with our culture of working seamlessly across offices and practices, enables us to quickly assemble formidable litigation teams no matter the subject matter or location of the dispute.

       
Categories: Law news

Litigation Department of the Year Finalist: Willkie Farr & Gallagher

Law news - Wed, 10/16/2019 - 18:10

Willkie has achieved a number of precedent-setting victories across a wide spectrum of legal issues in courts around the country involving securities litigation, corporate and municipal bankruptcies, derivative litigation, and insurance disputes.

       
Categories: Law news

Litigation Department of the Year, Class Action: Paul, Weiss, Rifkind, Wharton & Garrison

Law news - Wed, 10/16/2019 - 18:09

Our record of achievement is unparalleled in terms of our successful defense of "bet the company" class action litigations and clients facing franchise-threatening risks.

       
Categories: Law news

Litigation Department of the Year, Finance: Simpson Thacher & Bartlett

Law news - Wed, 10/16/2019 - 18:08

Clients trust Simpson Thacher because of our long record of achieving courtroom victories, deftly resolving high-profile government investigations and enforcement actions, and negotiating favorable out-of-court resolutions.

       
Categories: Law news

Litigation Department of the Year, Insurance: Anderson Kill

Law news - Wed, 10/16/2019 - 18:07

Anderson Kill has always been a collegial firm in which young attorneys are accorded an unusual degree of responsibility, autonomy, and respect.

       
Categories: Law news

Litigation Department of the Year, Intellectual Property: Desmarais

Law news - Wed, 10/16/2019 - 18:06

Desmarais boasts attorneys that combine an array of experience and expertise with creativity and imagination. Those attributes directly translate into success in and out of the courtroom.

       
Categories: Law news

Litigation Department of the Year, Intellectual Property: Kirkland & Ellis

Law news - Wed, 10/16/2019 - 18:05

Our attorneys are prepared to be second and first chair trial attorneys well in advance of their peers from other firms.

       
Categories: Law news

First Department Finds Mother 'Derivatively Neglected' Child Based on Cases Involving Siblings

Law news - Wed, 10/16/2019 - 18:05

In its ruling pertaining to the new child, an Appellate Division, First Department panel further pointed out that "none of the [five] siblings who are the subjects of those [2016] findings have been returned to respondent's [the mother's] care."

       
Categories: Law news

Litigation Department of the Year, Labor & Employment: Kasowitz Benson Torres

Law news - Wed, 10/16/2019 - 18:04

We are experienced, respected and get results. Kasowitz's entry into a case often generates quick and favorable outcomes and deters frivolous claims.

       
Categories: Law news

Litigation Department of the Year, Products Liability: Dechert

Law news - Wed, 10/16/2019 - 18:03

Plenty of firms have strong leaders, but very few have such a lengthy list of senior lawyers with experience at the highest level—that's unusual and sets Dechert apart.

       
Categories: Law news

Litigation Department of the Year, Professional Liability: Latham & Watkins

Law news - Wed, 10/16/2019 - 18:02

Our collaborative, bespoke teams frequently enable clients to prevail when the chips are down, the stakes are high, and time is short.

       
Categories: Law news

Litigation Department of the Year, Real Estate: Fried, Frank, Harris, Shriver & Jacobson

Law news - Wed, 10/16/2019 - 18:01

Fried Frank's real estate litigation practice was one of the first litigation practices in the country to focus entirely on real estate litigation, and today it continues to be the leading real estate litigation practice in the United States.

       
Categories: Law news

Appellate Updates, Part I

Law news - Wed, 10/16/2019 - 18:00

This article updates relevant issues examined in prior discussions.

       
Categories: Law news

In Jones Day's London Office, an 'Endemic Culture of Sexual Inappropriateness'

Law news - Wed, 10/16/2019 - 18:00

Legal Week spoke with 10 alumni in a six-month-long investigation into allegations of harassment at Jones Day's London office.

       
Categories: Law news

The New Restatement of Liability Insurance Law: Straightening Out Some Mischaracterizations

Law news - Wed, 10/16/2019 - 07:45

I have been a member of The American Law Institute, the "author" of the Restatements, for more than a decade, and I feel compelled to comment on some recent articles that compare the new Restatement of the Law of Liability Insurance (RLLI) to insurance coverage law in a particular state.

       
Categories: Law news

No Presumption of Confidentiality for Books-and Records-Productions, Says the Delaware Supreme Court

Law news - Wed, 10/16/2019 - 07:40

In their Corporate and Securities Litigation, Margaret A. Dale and Mark D. Harris discuss a recent Delaware Supreme Court decision in 'Tiger v. Boast Apparel', holding that documents produced pursuant to books-and-records inspection requests under §220 of the Delaware General Corporation Law are not subject to a presumption of confidentiality. Rather, while courts can impose confidentiality restrictions in appropriate cases, there must be some justification that the confidentiality is necessary and indefinite periods of confidentiality should be the exception and not the rule.

       
Categories: Law news