June 25, 2014 | New York Law Journal
Second Circuit Limits Judicial Review of Regulatory Consent JudgmentsIn their Second Circuit Review column, Martin Flumenbaum and Brad S. Karp of Paul, Weiss, Rifkind, Wharton & Garrison discuss 'SEC v. Citigroup', in which a Second Circuit panel reversed a district court rejection of the proposed consent judgment between the SEC and Citigroup. The authors write: The Second Circuit's decision brings much-needed clarity to the law, and confirms that regulatory consent judgments in which the defendant neither admits nor denies the allegations are an appropriate tool of enforcement agencies.
By Martin Flumenbaum and Brad S. Karp
11 minute read
May 30, 2014 | New York Law Journal
Perjured Statements as a Basis for Sentencing EnhancementIn their Second Circuit Review, Martin Flumenbaum and Brad S. Karp discuss 'United States v. Peña,' in which the court found that the defendant's sworn statements, discredited by the district court, did not demonstrate a willful obstruction of justice. The decision delineates the line between a sentencing enhancement that advances valid sentencing goals and one that violates a defendant's constitutional and statutory rights to testify.
By Martin Flumenbaum and Brad S. Karp
13 minute read
April 24, 2014 | New York Law Journal
Determining Knowledge of Claim Dischargeable in BankruptcyIn their Second Circuit Review, Paul Weiss partners Martin Flumenbaum and Brad S. Karp analyze the court's recent consideration of the level of scrutiny to apply, on a motion to dismiss, to allegations of lack of knowledge of a claim otherwise discharged in bankruptcy—specifically, whether delivery service and United Airlines customer DHL had adequately shown that it was unaware of United's alleged price-fixing activities until after United's bankruptcy plan was confirmed.
By Martin Flumenbaum and Brad S. Karp
12 minute read
March 24, 2014 | New York Law Journal
Fair Use Found in Distribution of Investor Conference Call RecordingIn their Second Circuit Review column, Martin Flumenbaum and Brad S. Karp of Paul, Weiss, Rifkind, Wharton & Garrison discuss 'Swatch Group Management Services Ltd. v. Bloomberg L.P.,' in which the U.S. Court of Appeals for the Second Circuit examined the scope of copyright protection accorded a sound recording of a public company's conference call with investment analysts.
By Martin Flumenbaum and Brad S. Karp
12 minute read
February 26, 2014 | New York Law Journal
'Brady'-Based Section 1983 Claims After Guilty PleaIn their Second Circuit Review, Paul Weiss members Martin Flumenbaum and Brad S. Karp discuss 'Poventud v. City of New York,' in which the court, sitting en banc, considered whether a plaintiff whose initial conviction was tainted by disclosure violations under 'Brady v. Maryland' could pursue a 42 U.S.C. §1983 claim despite having pleaded guilty to lesser offenses in a second trial.
By Martin Flumenbaum and Brad S. Karp
11 minute read
January 29, 2014 | New York Law Journal
Overt Acts, Conspiracy and the Statute of LimitationsIn their Second Circuit Review, Paul Weiss' Martin Flumenbaum and Brad S. Karp discuss 'United States v. Grimm,' in which the court considered whether routine payments by unindicted co-conspirators pursuant to guaranteed investment contracts constituted overt acts in furtherance of a conspiracy for purposes of the statutes of limitations.
By Martin Flumenbaum and Brad S. Karp
12 minute read
December 26, 2013 | New York Law Journal
Breathalyzer Tests of Police Officers Held Not to Violate Fourth AmendmentIn their Second Circuit Review column, Martin Flumenbaum and Brad S. Karp of Paul, Weiss, Rifkind, Wharton & Garrison, discuss 'Lynch v. City of New York,' in which the U.S. Court of Appeals for the Second Circuit considered a Fourth Amendment challenge to the New York City Police Department's policy to administer breathalyzer examinations to any police officer who discharges a firearm resulting in death or personal injury.
By Martin Flumenbaum and Brad S. Karp
12 minute read
November 29, 2013 | New York Law Journal
Jurisdiction Over Foreign Financial InstitutionsIn their Second Circuit Review, Martin Flumenbaum and Brad S. Karp of Paul, Weiss, Rifkind, Wharton & Garrison, discuss the case 'Licci v. Lebanese Canadian Bank,' in which the court considered whether a district court's exercise of personal jurisdiction over a foreign bank based on its correspondent banking accounts in New York is consistent with the due process protections of the U.S. Constitution.
By Martin Flumenbaum and Brad S. Karp
10 minute read
February 27, 2013 | New York Law Journal
Court Construes Short-Swing Profit RuleIn their Second Circuit Review, Martin Flumenbaum and Brad S. Karp, members of Paul, Weiss, Rifkind, Wharton & Garrison, discuss 'Gibbons v. Malone,' in which the U.S. Court of Appeals for the Second Circuit considered a novel application of the "short-swing profit rule" of Section 16(b) of the Securities Exchange Act of 1934 (Exchange Act).
By Martin Flumenbaum and Brad S. Karp
26 minute read
December 05, 2012 | New York Law Journal
Court Approves Broad Injunctive Relief in Case Over Sovereign Debt InstrumentsIn their Second Circuit Review, Paul, Weiss, Rifkind, Wharton & Garrison members Martin Flumenbaum and Brad S. Karp review a decision in which the court concluded that Argentina breached a promise to repay certain bondholders in the wake of the nation's default, and upheld a wide-ranging injunction designed to help cure the breach.
By Martin Flumenbaum and Brad S. Karp
12 minute read