August 25, 2017 | New York Law Journal
Attorneys Say 'Martoma' Does Little to Settle Insider Trading ConcernsThe Second Circuit's split decision in an insider trading case 'United States v. Martoma' was a clear win for attorneys at the DOJ and SEC. But it may not put to rest uncertainty over the nature of relationships that may create liability under securities law.
By B. Colby Hamilton
23 minute read
August 25, 2017 | New York Law Journal
La Quinta Beats Back Class Action ClaimsLa Quinta successfully defeated a putative class action that claimed the hotel chain misled investors by failing to renovate in a timely fashion and to disclose the affect falling gas prices had on its bottom line, among other accusations.
By B. Colby Hamilton
3 minute read
August 24, 2017 | New York Law Journal
Appellate Court Affirms Limits to Benefit Claims for In Vitro ChildrenIn vitro fertilization using a deceased father as the donor doesn't make the children born later eligible for Social Security benefits, the U.S. Court of Appeals for the Second Circuit affirmed Thursday.
By B. Colby Hamilton
9 minute read
August 23, 2017 | New York Law Journal
Citing 'Salman,' Second Circuit Finds Its Own Insider Trading Ruling Not 'Good Law'The U.S. Court of Appeals for the Second Circuit found Wednesday that its own prior interpretation of insider trading precedent was "no longer good law" after the U.S. Supreme Court's ruling last year in 'U.S. v. Salman'.
By B. Colby Hamilton
6 minute read
August 23, 2017 | New York Law Journal
Breaking With Magistrate, Judge Dismisses Expert Pharma WitnessAcknowledging the rarity of such a step, U.S. District Chief Judge Colleen McMahon of the Southern District of New York said she was compelled to break with a U.S. magistrate judge's recommendation to allow an expert to testify in a suit over Alzheimer's drugs.
By B. Colby Hamilton
12 minute read
August 23, 2017 | New York Law Journal
Judge Says $2.78M Verdict Against MasterCard StandsMasterCard's bill has come due, U.S. District Judge Lorna Schofield ruled earlier this week. She dismissed the financial services provider's Rule 50 motion to reverse a jury's decision returning $2.78 million to a card processor based in the Kingdom of Jordan, ICC, finding that the jury was well within the reasonableness standard.
By B. Colby Hamilton
2 minute read
August 22, 2017 | New York Law Journal
Appellate Court Affirms Day Laborer Ordinance Is UnconstitutionalThe Second Circuit agreed a Long Island town's ordinance was overly broad and trampled on commercial free speech.
By B. Colby Hamilton
10 minute read
August 22, 2017 | New York Law Journal
SEC Settles Insider Trading Case With Deerfield for $4.16MThe firm at the heart of federal allegations of insider trading on government information on changing Medicare rates has agreed to a $4.6 million settlement with the U.S. Securities and Exchange Commission.
By B. Colby Hamilton
2 minute read
August 22, 2017 | New York Law Journal
Banks Win Partial Dismissal in SIBOR Manipulation SuitAnother set of allegations that an international benchmark interbank borrowing rate, based in Singapore, was manipulated by the biggest international firms stumbled on Aug. 18.
By B. Colby Hamilton
2 minute read
August 21, 2017 | New York Law Journal
In Rare Win, Hedge Fund Manager Beats SEC in Administrative CourtUnlike the headline-grabbing news release that announced charges against Donald "Jay" Lathen Jr. and Eden Arc Capital Management for a "scheme involving terminally ill" patients, the dismissal of the charges a year later by an SEC administrative law judge occurred with little celebration. At least from federal prosecutors.
By B. Colby Hamilton
7 minute read