October 14, 2014 | New York Law Journal
Judge Makes Key Ruling in Family Business FrayA Manhattan Commercial Division judge has awarded damages and attorney fees—plus a 25 percent share of a company valued at nearly $9 million—to a minority shareholder who was squeezed out of a family-run textile business.
By Suevon Lee
7 minute read
October 10, 2014 | Commercial Litigation Insider
In Family Business Fray, a Key Appraisal RulingA Manhattan Commercial Division judge has awarded damages and attorney fees—plus a 25 percent share of a company valued at nearly $9 million—to a minority shareholder who was squeezed out of a family-run textile business.
By Suevon Lee
7 minute read
October 07, 2014 | Commercial Litigation Insider
New Rule Would Require Letters in Discovery DisputesA proposed rule for the statewide Commercial Division would require parties deadlocked in a discovery dispute to first outline the nature of their disagreement in letter form and request a phone conference with the court, before expecting any return on a motion.
By Suevon Lee
4 minute read
September 29, 2014 | Commercial Litigation Insider
Music Service Provider Grooveshark Battles Copyright ClaimsUniversal Music Group is moving for summary judgment on its claims in a four-year-old case that raises questions about the reach of a federal statute, the Digital Millennium Copyright Act, to songs recorded prior to Feb. 15, 1972, in the context of cases brought under New York common law.
By Suevon Lee
6 minute read
September 25, 2014 | Commercial Litigation Insider
Fraud Suit Against Morgan Stanley Over Credit-Linked Notes ProceedsA Singapore financial company can advance with fraud claims against Morgan Stanley for having structured and sold credit-linked notes backed by risky collateral that were allegedly designed to profit the bank instead of investors, a Manhattan judge has held.
By Suevon Lee
4 minute read
September 24, 2014 | Commercial Litigation Insider
Designer Shoe Founders Prevail on $1.8M Wages ClaimThe founders of a designer women's footwear line are entitled to more than $1.8 million in back pay after a Manhattan state judge found they were fired without cause by a manufacturer who purchased a majority stake in their business eight years ago.
By Suevon Lee
4 minute read
September 22, 2014 | Commercial Litigation Insider
Johnnie Walker, Explorers' Club Settle Via Sponsorship DealGlobal spirits distributor Diageo and New York not-for-profit society The Explorers Club announced a settlement Friday that resolves litigation in New York's Commercial Division over the company's use of the club's name in a Johnnie Walker whiskey collection.
By Suevon Lee
2 minute read
September 22, 2014 | New York Law Journal
$1M Fees Ruling from Special Referee Spurs New DisputeThat the fee recommendation has prompted a new round of legal wrangling is emblematic of a case in which the plaintiff retained five separate firms, including Blank Rome and Quinn Emanuel, appealed every lower court ruling and moved several times to reargue appellate decisions.
By Suevon Lee
5 minute read
September 19, 2014 | Commercial Litigation Insider
Divided Panel Orders Risk Modeling Firm Produce Source CodeA divided panel of the Appellate Division, First Department Thursday reversed a lower court's denial of a motion to compel disclosure of additional source code in a computer software trade secrets dispute that tests the limits of discovery.
By Suevon Lee
5 minute read
September 18, 2014 | Commercial Litigation Insider
Special Referee's $1M Fees Ruling Spurs New ChallengeThe firm Herrick, Feinstein is entitled to $1 million in fees and costs for defending a developer in a contract dispute over a Staten Island waterfront parcel, a case that spanned five years and involved numerous appeals, a New York County special referee concluded late last month.
By Suevon Lee
5 minute read
Trending Stories