August 18, 2017 | New York Law Journal
SEC Follows DOJ's Lead, Drops London Whale CaseProsecutors said they were dismissing all charges, with prejudice, after reaching an agreement with counsel for the two defendants, Javier Martin-Artajo and Julien Grout.
By B. Colby Hamilton
3 minute read
August 17, 2017 | New York Law Journal
New Antitrust Suit Filed Over Alleged Stock Loan CollusionCalling the $1.72 trillion international stock loan market good for the banks that do the lending but "bad for virtually everyone else," a trio of pension funds filed a class action suit against six of the world's largest financial firms Thursday.
By B. Colby Hamilton
3 minute read
August 17, 2017 | New York Law Journal
Appeals Court Finds for Uber, Says App Made Service Terms ClearUber made it clear that users were agreeing to terms and conditions, including the waiving of a jury trial in favor of arbitration, when they downloaded and used the app, the Second Circuit ruled Thursday.
By B. Colby Hamilton
4 minute read
August 17, 2017 | New York Law Journal
School Directors Indicted In $3M School Meal SchemeTwo former directors of an Orthodox religious school in Brooklyn are accused of executing a $3 million school meal reimbursement scheme in a five-count indictment unsealed in Brooklyn federal court Thursday.
By B. Colby Hamilton
4 minute read
August 16, 2017 | New York Law Journal
Former Bank IT Employee at Center of Alleged $5M Insider SchemeA former IT employee of an unnamed multinational bank is accused by federal authorities of running a $5 million insider trading scheme with six other defendants, according to parallel suits filed in Manhattan federal court Wednesday.
By B. Colby Hamilton
3 minute read
August 15, 2017 | New York Law Journal
KPMG Settles SEC Auditing Charges for $6.2MInternational accounting firm KPMG agreed to a $6.2 million settlement with the U.S. Securities and Exchange Commission, regulators announced Tuesday.
By B. Colby Hamilton
9 minute read
August 15, 2017 | New York Law Journal
Former Assembly Speaker Silver Gets New Trial DateFormer New York Assembly Speaker Sheldon Silver has his date in court—again.
By B. Colby Hamilton
2 minute read
August 14, 2017 | New York Law Journal
'Uncharted Waters' for First Amendment in Trump Twitter Suit?Attorneys for the U.S. Department of Justice said a preliminary injunction to force President Donald Trump to unblock a group of plaintiffs on Twitter would "send the First Amendment deep into uncharted waters," according to a letter filed Aug. 11 .
By B. Colby Hamilton
5 minute read
August 14, 2017 | New York Law Journal
District Judge 'Erred Doubly,' Leading to Cuba Terror ReversalA district court order holding the Cuban government liable for a $45 million judgment under a federal terrorism law was reversed and remanded by the Second Circuit Monday.
By B. Colby Hamilton
10 minute read
August 11, 2017 | New York Law Journal
Arent Fox Loses Bid for Client's Communications in Malpractice CaseSouthern District Judge Gabriel Gorenstein dismissed a motion by Arent Fox to compel its former client to produce communications with replacement counsel.
By B. Colby Hamilton
15 minute read