Suevon Lee

July 30, 2014 | New York Law Journal

Three months after refusing to block the Art Students League of New York's $31.8 million transfer of air rights over its historic West 57th Street building, Manhattan Acing Supreme Court Justice Melvin Schweitzer has disposed of a suit challenging the sale brought derivatively by a segment of the league's membership.

By Suevon Lee

3 minute read

July 29, 2014 | Commercial Litigation Insider

Three months after refusing to block the Art Students League of New York's $31.8 million transfer of air rights over its historic West 57th Street building, Manhattan Supreme Court Justice Melvin Schweitzer has disposed of a suit challenging the sale brought derivatively by a segment of the league's membership.

By Suevon Lee

3 minute read

July 28, 2014 | Commercial Litigation Insider

Attorneys for an investment fund are asking a Manhattan state judge to reconsider his dismissal of a fraud suit against Goldman Sachs for its conduct in connection with the sale of $450 million in residential mortgage-backed securities.

By Suevon Lee

4 minute read

July 25, 2014 | Commercial Litigation Insider

Barclays is challenging the authority of New York's top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its 'dark pool,' or private stock exchange.

By Suevon Lee

4 minute read

July 25, 2014 | New York Law Journal

Barclays is challenging the authority of New York's top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its "dark pool," or private stock exchange.

By Suevon Lee

4 minute read

July 23, 2014 | Commercial Litigation Insider

In back to back discovery rulings last week, Manhattan Justice Shirley Kornreich put a lid on how much information plaintiffs could obtain from Credit Suisse and Goldman Sachs about their roles structuring residential mortgage loan securities in the run-up to the financial crisis.

By Suevon Lee

3 minute read

July 21, 2014 | Commercial Litigation Insider

Manhattan Supreme Court Justice Charles Ramos declined to postpone issuing a decision on a motion to dismiss a fraud action against Swiss bank UBS over its sale of residential mortgage-backed securities despite a pending appeal in a separate case on similar issues.

By Suevon Lee

3 minute read

July 21, 2014 | Commercial Litigation Insider

The rule indicating the kind of information parties should exchange with each other before the preliminary conference in the Commercial Division saw a small addition per an order signed by the chief administrative judge on Wednesday.

By Suevon Lee

2 minute read

July 17, 2014 | Commercial Litigation Insider

As part of a $650 million settlement with Bank of America in which American International Group agreed to dismiss all outstanding residential mortgage-backed securities claims, AIG Wednesday formally withdrew its objection to the bank's $8.5 billion settlement with institutional investors.

By Suevon Lee

3 minute read

July 17, 2014 | New York Law Journal

Six months after Manhattan's Commercial Division raised its monetary bar, other Commercial Divisions in New York are following suit and doubling their monetary thresholds, court officials announced Tuesday.

By Suevon Lee

4 minute read