Law news

SEC Issues Concept Release on Harmonization of Securities-Offering Exemptions

Law news - Wed, 10/16/2019 - 07:30

In his Real Estate Securities column, Peter Fass discusses a concept release issued by the SEC on June 18 which seeks feedback "on possible ways to simplify, harmonize, and improve the exempt offering framework" of the The Securities Act of 1933.

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Law news - Wed, 10/16/2019 - 07:15

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Trump's Procedural Rights Curbed During Impeachment Inquiry, Legal Scholar Says

Law news - Wed, 10/16/2019 - 02:57

"The argument was that the president has been denied due process because there's no cross examination going on in the House," Sunstein said. "The first thing to say is that it's not a criminal trial and there's no right in these things to cross examination."

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Turkish Bank Indicted on 6 Counts Stemming From Iran Sanctions-Busting Scheme

Law news - Wed, 10/16/2019 - 02:03

High-ranking officials in Iran and Turkey allegedly participated in the scheme, and some officials took tens of millions of dollars in bribes to shield it from the scrutiny of U.S. regulators and banks, prosecutors said.

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Second Circuit Revives Claims Against Saudi Bank Accused of Aiding 9/11 Attacks

Law news - Wed, 10/16/2019 - 00:31

Previous lawsuits against Saudi officials had failed to establish personal jurisdiction because the Second Circuit found that allegations of indirect funding were not enough to establish "intentional conduct" aimed at U.S. residents.

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Grand Jury Subpoena Won't Start 'Parade of Horribles:' Manhattan Prosecutors Seeks Dismissal of Trump Challenge

Law news - Wed, 10/16/2019 - 00:22

Carey Dunne, general counsel in the DA's office, argued that Trump will not be harmed by the subpoena to his accounting firm, Mazars USA, despite his claims and urgent motions to the contrary.

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Jon Sale Confirms Work for Giuliani Has Ended After Subpoena Snub

Law news - Wed, 10/16/2019 - 00:04

Sale said it was inaccurate to describe the move as a "split" with his client, and said he has not been contacted by New York federal prosecutors in connection with any investigation of Giuliani.

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Eileen Millett, Phillips Nizer Partner, Tapped to Serve as New Counsel for Office of Court Administration

Law news - Tue, 10/15/2019 - 23:18

Her last day at the firm was Tuesday, according to an email Millett sent to colleagues obtained by the New York Law Journal.

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Kirkland Leveraged Finance Partner Jumps to Dechert

Law news - Tue, 10/15/2019 - 23:16

Lindsay Flora, whose past clients included private equity giant Cerberus Capital, joined Kirkland as a partner from Cahill Gordon in 2017.

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Albany Hospital Sued by Nurses Union for Threatening Penalties Against Immigrant Recruits

Law news - Tue, 10/15/2019 - 22:01

The hospital is accused of strong-arming employees recruited from the Philippines to either remain in their positions or pay a total of $20,000 and possibly face deportation to break the contract.

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In Case 2nd Circuit Rules Against Him, Trump Asks for Extended Stay in Tax Return Subpoena Case

Law news - Tue, 10/15/2019 - 21:33

The Manhattan DA's Office has opposed the motions and is expected to file its responses, according to the Trump team's motion papers.

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Eight NY Law Firms Reported Data Breaches as Problems Multiply Nationwide

Law news - Tue, 10/15/2019 - 21:29

In New York state, the number of unique law firm data breaches doubled to eight in 2018 from four the previous year, affecting nearly 1,500 individuals, according to reports submitted by the firms.

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Rising Stars

Law news - Tue, 10/15/2019 - 18:43

The New York Law Journal's Rising Star awards recognize the region's most promising lawyers under 40.

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Rising Star: Darren Azman

Law news - Tue, 10/15/2019 - 18:31

Partner, McDermott Will & Emery

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Rising Star: Elisha Barron

Law news - Tue, 10/15/2019 - 18:30

Associate, Susman Godfrey

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Rising Star: Duwaine Bascoe

Law news - Tue, 10/15/2019 - 18:28

Associate, Abrams Fensterman

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Liberal View Allowing Action Anew Barred by Statute of Limitations

Law news - Tue, 10/15/2019 - 18:27

In his Foreclosure Litigation column, Bruce Bergman discusses a "savings provision" contained in CPLR §205 which has received a helpful liberal interpretation by the Court of Appeals which permits a dismissed action to be initiated anew even though the statute of limitations had otherwise expired. This has the potential to avoid the anomaly of a defaulting borrower otherwise entitled to retain mortgage proceeds with no remedy for the lender.

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Rising Star: Mallory Brennan

Law news - Tue, 10/15/2019 - 18:27

Partner, Shearman & Sterling

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Rising Star: Jennifer Cheng

Law news - Tue, 10/15/2019 - 18:26

Partner, Reed Smith

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Rising Star: Karen Chesley

Law news - Tue, 10/15/2019 - 18:25

Partner, Boies Schiller Flexner

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