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Crédit Lyonnais must face claims by terrorism victims that it provided banking services to a terrorist group in violation of federal law. On Thursday a judge refused to toss claims that the Paris-based bank violated the Antiterrorism Act by transferring money for a French organization that has allegedly raised funds for Hamas.
The day after hotel chain Extended Stay filed for bankruptcy, its lenders sued the company's chairman for $100 million for allegedly violating "bad boy" guaranty provisions. Extended Stay's lawyers at Kasowitz Benson say the plaintiffs are looking for leverage in the company's reorganization. Motives aside, the suit could clarify the limits of liability under so-called bad boy provisions.
Yes, it's true. We are all plaintiffs now. Or nearly all of us, thanks to a pair of March 28 orders certifying two classes in the consolidated antitrust litigation against the makers of liquid crystal display screens.
Rejection of Refiling Narrows Reach of State 'Savings' Law
Fearful of releasing a "new tributary in the law," the New York Court of Appeals ruled Thursday that New York's "savings" statute doesn't allow a corporation to refile an action that was dismissed for naming the wrong plaintiff. The 2nd Circuit had asked the court to settle an "unresolved, important" issue of state law, namely whether a plaintiff can invoke the six-month grace period under the statute for refiling claims if the original claims were dismissed because they misstated the name of the plaintiff.For more than 40 years, California was out of synch with the U.S. Supreme Court, permitting defendants in state antitrust actions to argue that direct purchasers suffered no harm because they passed price increases on to consumers. With a ruling Monday that eliminates the pass-through defense, California's now in step with the federal courts.
Inside Albany, N.Y.'s Most Exclusive 'Firm'
It is an oasis of legal analysis in the pressure cooker of politics at the New York State Capitol, and among the most prestigious "firms" in Albany. The Office of Counsel to the Governor plays a pivotal role in governance, and to work there is a rare privilege. "You learn ... skills that many lawyers don't have an opportunity to experience early in their career, said OCG alumnus Michael Whiteman.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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