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October 02, 2023 | Pro Mid Market

'Cautious But Optimistic': After Slow Adoption, Midsize Firms See Vast Potential For Gen AI

AI is trending, but midsize firms will need to spend significant resources on technology, training and talent before they're able to unlock its potential. Four firm leaders told us what they believe it'll take.
8 minute read
September 22, 2023 | New York Law Journal

Attorneys 'On the Move': Commercial Litigation Partner Joins Hunton Andrews Kurth; Paul, Weiss Adds Infrastructure Adviser

And other announcements of recent hirings and promotions of New York attorneys.
4 minute read
Appellate Division, Second Department: September 15, 2023
Publication Date: 2023-09-15
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Hand Down List
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Handdown List released on:September 13, 2023

September 08, 2023 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Lawyers at Debevoise & Plimpton, who represent the former CEO of Fox International Channels, and at Baker & Hostetler and Norton Rose Fulbright, who represent Argentine sports marketing company Full Play, got convictions against their clients tossed.
5 minute read
September 01, 2023 | New York Law Journal

Is a Retail Salesperson Really a 'Manual Worker'?

In this Labor and Employment column, Keith A. Markel and Alana R. Mildner discuss the rise of pay frequency litigation in New York, particularly within the retail industry, and what constitutes a manual worker.
8 minute read
September 01, 2023 | Litigation Daily

A Jam-Packed Week of Litigator of the Week Runners-Up and Shout Outs

A trial team at Winston & Strawn brought home a defense verdict last week from federal court in Waco, Texas, for U.S. Well Services LLC in a patent showdown with electric fracking rival Halliburton Energy Services Inc.
8 minute read
Arkansas Teacher Ret. Sys. v. Goldman Sachs Group Inc.
Publication Date: 2023-08-23
Practice Area: Class Actions
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Kevin K. Russell, Goldstein & Russell, P.C., Bethesda, MD; Spencer A. Burkholz, Joseph D. Daley, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Thomas A. Dubbs, James W. Johnson, Michael H. Rogers, Irina Vasilchenko, Labaton Sucharow LLP, New York, NY, on the brief, Thomas C. Goldstein, Goldstein & Russell, P.C., Bethesda, MD. For Defendants-Appellants: Richard H. Klapper, David M.J. Rein, Benjamin R. Walker, Julia A. Malkina, Jacob E. Cohen, Sullivan & Cromwell LLP, New York, NY; Morgan L. Ratner, Sullivan & Cromwell LLP, Washington, D.C., on the brief, Robert J. Giuffra, Jr., Sullivan & Cromwell LLP, New York, NY. For Defendants-Appellants: Audra J. Soloway, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, on the brief, Kannon K. Shanmugam, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Washington D.C. For Amicus Curiae Former United States Securities and Exchange Commission Officials and Law Professors in Support of Defendants-Appellants: Todd G. Cosenza, Willkie Farr & Gallagher LLP, New York, NY.
For defendant: For Amicus Curiae Economic Scholars in Support of Defendants-Appellants: Victor L. Hou, Jared Gerber, on the brief, Carmine D. Boccuzzi, Jr., Cleary Gottlieb Steen & Hamilton LLP, New York, NY. For Amicus Curiae Securities Industry and Financial Markets Association, Bank Policy Institute, American Bankers Association, Chamber of Commerce of the United States of America, American Property Casualty Insurance Association in Support of Defendants-Appellants: Craig S. Waldman, Joshua C. Polster, Daniel H. Owsley, Simpson Thacher & Bartlett LLP, New York, NY; Ira D. Hammerman, Kevin Carroll, Securities Industry and Financial Markets Association, Washington, D.C.; Thomas Pinder, American Bankers Association, Washington, D.C.; Gregg Rozansky, Bank Policy Institute, Washington, D.C.; Tyler S. Badgley, U.S. Chamber Litigation Center, Washington, D.C.; Kenneth Stoller, American Property Casualty Insurance Association, Washington, D.C., on the brief, Jonathan K. Youngwood, Simpson Thacher & Bartlett LLP, New York, NY. For Amicus Curiae Society for Corporate Governance in Support of Defendants-Appellants: Jeremy C. Marwell, James T. Dawson, Vinson & Elkins LLP, Washington, D.C.; Darla C. Stuckey, Randi V. Morrison, Society for Corporate Governance, New York, NY, on the brief, Christopher E. Duffy, Vinson & Elkins LLP, New York, NY. For Amicus Curiae Washington Legal Foundation in Support of Defendants-Appellants: George Anhang, Shearman & Sterling LLP, Washington, D.C.; William Marsh, Shearman & Sterling LLP, Dallas, TX; Cory L. Andrews, John M. Masslon II, Washington Legal Foundation, Washington, D.C., on the brief, Lyle Roberts, Shearman & Sterling LLP, Washington, D.C. For Amicus Curiae Financial Economists in Support of Plaintiffs-Appellees: Jeremy Lieberman, Emma Gilmore, Pomerantz LLP, New York, NY; Andrew L. Zivitz, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Stacey M. Kaplan, Kessler Topaz Meltzer & Check, LLP, San Fransisco, CA, on the brief, Ernest A. Young, Apex, NC. For Amicus Curiae Securities Law Scholars in Support of Plaintiffs-Appellees: Linnet R. Davis-Stermitz, Gupta Wessler PLLC, Washington, D.C.; Salvatore J. Graziano, Jai K. Chandrasekhar, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Joseph E. White, III, Saxena White P.A., Boca Raton, FL, on the brief, Deepak Gupta, Gupta Wessler PLLC, Washington, D.C. For Amicus Curiae Better Markets, Inc. in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C. For Amicus Curiae Former SEC Officials in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C.; Daniel P. Chiplock, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY, on the brief, Carolyn E. Shapiro, Schnapper-Casteras PLLC, Washington, D.C.
Case number: 22-484

Misrepresentations Did Not Impact Stock Price; Shareholder Class Decertified

August 08, 2023 | New York Law Journal

New York Legal Award Honorees Selected for 2023

The full list of our honorees, including Lifetime Achievement Award Winners, Distinguished Leaders, Diversity Initiative Winners, In-House Impact Winners, Innovation Award Winners, Litigation Departments of the Year, Dealmakers of the Year, Rising Stars and the finalists for Attorney of the Year.
6 minute read
July 27, 2023 | The American Lawyer

Miami Lawyer John Ruiz's LifeWallet Loses $3.1B in Value After Accounting Errors Fixed

The assets of the Medicare recovery firm-turned-health care data company are worth half as much as the company previously reported due to accounting errors in the May 2022 de-SPAC, a Thursday financial statement indicated.
4 minute read
July 25, 2023 | Legaltech News

Four Key Privacy Risks to Consider Before Using Open Generative AI Systems

Most modern privacy laws implement the well-known privacy principles of transparency, purpose limitation, access, and security, among others. Here we analyze some of these principles and their application in the use of open generative AI systems.
7 minute read

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