EFTA00032583.pdf

From: New York Law360
To: [REDACTED]
Subject: Cravath's Ties To NYU Not Enough For New Trial, Judge Says
Date: Wed, 03 Jul 2019 07:17:32 +0000

Law360 New York
NEW YORK
Wednesday, July 3, 2019

TOP NEWS

Cravath's Ties To NYU Not Enough For New Trial, Judge Says
A New York federal court ruled that a former judge who rejoined Cravath Swaine & Moore LLP after tossing out a $358 million ERISA class action against New York University was not biased in NYU's favor, rejecting university workers' bid for a new trial.
Order attached | Read full article »

States Reach $6M Deal With LexisNexis Over Withheld Fees
LexisNexis Risk Solutions Inc. agreed on Tuesday to pay $5.8 million to resolve a suit in Florida federal court brought by various states and a city

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LAW FIRMS
Arrowood LLP
Barclay Damon
Berger Montague
Calhoun & Lawrence
Chaffetz Lindsey
Cooley
Cravath Swaine
DLA Piper
Dentons
Emery Celli
Faruqi & Faruqi
Fenwick & West
Foley & Lardner
Foster Pepper
Freidin Brown
Freshfields Bruckhaus
Furniss Davis
Gadow Tyler
Garvey Schubert
Gibson Dunn
Glasser & Glasser
Goldman Ismail
Greenberg Traurig

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alleging that the data and analytics company wrongfully withheld fees from law enforcement agencies when reselling their automobile crash reports.
Read full article »

Ed Sheeran Trial On Hold For 9th Circ. Led Zeppelin Ruling
A Manhattan judge has put off a September jury trial over whether Ed Sheeran's "Thinking Out Loud" infringes Marvin Gaye's "Let's Get It On," saying Tuesday that a coming decision by the full Ninth Circuit in a copyright appeal involving Led Zeppelin may be informative.
Read full article »

Fake Mont. Cattle Rancher Cops To Fraud, Will Repay $43M
A Montana man told a Manhattan federal judge Tuesday he lied about his family's assets, including falsely claiming to own cattle and a ranch, to borrow $43 million from lender Third Eye Capital Corp.
Read full article »

2nd Circ. Revives Chinese Woman's Belated Asylum Bid
A split Second Circuit panel on Tuesday paved the way for a woman who was forced by the Chinese government to have an abortion two decades ago to qualify for asylum based on that experience, excusing her entire asylum application from the one-year filing deadline because of her recent conversion to Christianity.
Opinion attached | Read full article »

NYC Doc Convicted In $2M Opioid Scheme Gets 5 Years
A New York doctor was sentenced on Tuesday to five years in prison for prescribing nearly 1 million oxycodone pills to patients who didn't actually need them in exchange for cash, reaping $2 million in the process.
Read full article »

POLICY & REGULATION
25 State AGs Urge CFPB Not To Roll Back Overdraft Rule
Attorneys general representing half the states in the nation signed on to a Monday letter urging the Consumer Financial Protection Bureau not to alter its overdraft rule, as the agency carries out a mandatory 10-year review of the regulation due to be completed this November.
Letter attached | Read full article »

Cuomo Wants NY To Probe Facebook Housing Advertisers
New York Democratic Gov. Andrew Cuomo on Monday announced plans for the state's Department of Financial Services to investigate advertisers that allegedly prevent certain protected groups from seeing their housing ads on Facebook.
Read full article »

INSURANCE
2nd Circ. Agrees Recycling Bin Not A 'Vehicle' Under Policy
The Second Circuit on Tuesday upheld a New York federal judge's ruling that a wheeled recycling bin does not qualify as a vehicle in a policy dispute between an insurer and a Manhattan co-op over a gas line ruptured by the bin.
Order attached | Read full article »

2nd Circ. Revives Insurers' Fight Over Truck Crash Coverage
The Second Circuit has thrown out a win for Country-Wide Insurance Co. in a dispute with United Financial Casualty Co. over coverage for a truck driver

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involved in a three-vehicle crash, saying a lower court improperly concluded that UFCC waited too long to disclaim liability coverage.
1 document attached | Read full article »

CONSUMER PROTECTION
Barilla Dodges Nationwide Class Claims Over Sauce Labels
Nationwide class claims in a suit over "no preservatives" labels on Barilla America Inc. pasta sauces cannot proceed, after an Illinois federal judge said on Tuesday it would be unmanageable because of differences among the various states' fraud and consumer protection laws.
Order attached | Read full article »

INTELLECTUAL PROPERTY
Calif. Business Owner Claims NBA Stole His $50M App Idea
A California man is suing the National Basketball Association in New York federal court for $50 million, claiming the league stole his idea for an online app that would give fans prizes if they correctly predicted how their favorite stars would perform.
Complaint attached | Read full article »

MEDIA & ENTERTAINMENT
Ticket Biz Seeks $378K In Atty Fees After Rival's Sanctions
Lawyers who successfully represented Broker Genius Inc. in securing a $4.5 million verdict and effectively shutting down a rival over pilfered technology have asked a New York federal court to award their client more than $378,000 in attorney fees and costs for what the company spent on a contempt bid.
1 document attached | Read full article »

EMPLOYMENT
2nd Circ. Sends Home Care Worker's Wage Suit To Arbitration
The Second Circuit ruled Tuesday that a New York City home health care provider can push claims that it stiffed a worker on overtime and premium pay into arbitration, saying a trial court misinterpreted a mandatory arbitration clause in a collective bargaining agreement.
Decision attached | Read full article »

Columbia Univ. Workers Fight To Keep ERISA Suit Alive
A class of roughly 24,000 current and former Columbia University workers hit back at the school's bid to exit a suit claiming it mishandled their retirement savings, saying their plans were saddled with high record-keeping fees and that the university knew the plans contained imprudent funds.
Memorandum attached | Read full article »

SECURITIES & WHITE COLLAR
Blockchain Biz Accused Of Inflating Token Value In $3M Sale
A blockchain company's unfounded hype and conduct artificially inflated its token value to raise close to $3 million in a token sale, only to see its value plummet by 90% about a month later, a cryptocurrency investment fund told a New York federal court.
Complaint attached | Read full article »

BANKRUPTCY

COMPANIES
Altman Weil Inc.
Apartment Investment & Management Co.
Banco Bradesco SA
Bank of America Corp.
Barilla Holding SpA
Bats Global Markets Inc.
Beth Israel Deaconess Medical Center
Blaqwell Inc.
CHX Holdings Inc.
Citigroup Inc.
Country-Wide Insurance Co.
Ditech Holding Corp.
Facebook Inc.
Fannie Mae
Fireman's Fund Insurance Co.
Freddie Mac
Glenmark Pharmaceuticals
JPMorgan Chase & Co.
LexisNexis Group
Los Angeles Lakers
Merck & Co Inc.
Metropolitan Museum of Art
NASDAQ OMX Group Inc.
National Basketball Association
New York University
Par Pharmaceutical Companies, Inc.
RELX PLC
Statoil ASA
Vornado Realty Trust
Wells Fargo & Co.
Witkoff Group
iFinex Inc.

GOVERNMENT AGENCIES
Consumer Financial Protection Bureau
Equal Employment Opportunity Commission
European Union
Federal Trade Commission
Food and Drug Administration
Hudson River Park Trust
New York Attorney General's Office
Securities and Exchange Commission
U.S. Attorney's Office
U.S. Department of Homeland Security

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Ditech Wins Approval For $52M Bid Protections In Ch. 11 Sale
A New York bankruptcy judge on Tuesday approved more than $52 million in bid protections for the stalking horse bidders for Ditech Holding Corp.'s mortgage origination and servicing businesses after consumers and the U.S. Trustee said the company had satisfied their objections.
Read full article »

BANKING
Brazilian Bank To Pay $14.5M To End Investor Suit Over Bribes
Investors in Brazilian bank Banco Bradesco SA asked a New York federal court on Monday to give the initial green light to a $14.5 million cash settlement to end a stock-drop suit against the bank for allegedly artificially inflating its securities prices by hiding a tax bribery scheme.
1 document attached | Read full article »

Investors Fight Exchanges' Appeal Bid In 'Flash Boys' Suits
The pension funds behind litigation inspired by the high-frequency trading exposé "Flash Boys" asked a New York federal judge on Monday not to send their latest dismissal phase victory up to the Second Circuit.
1 document attached | Read full article »

ENERGY & ENVIRONMENTAL
Statoil, Texaco Units Want Brakes Kept On $1B Award Action
A Statoil unit and a Texaco subsidiary have asked a New York federal court to keep on ice their litigation seeking to enforce roughly $1 billion in arbitral awards against Nigeria's state-owned oil company, pointing to related litigation in the West African country.
1 document attached | Read full article »

REAL ESTATE & DEVELOPMENT
NYC Real Estate Week In Review
Loeb & Loeb and Goldberg Weprin were among more than half a dozen law firms guiding the largest New York City real estate deals that hit public records last week, most of which were for residential condo units in Manhattan.
Read full article »

PEOPLE
Cooley Nabs Fenwick & West's International Trademark Whiz
Cooley LLP's newest litigation department partner, a recruit from Fenwick & West LLP, has made his name taking brands international and wrestling with trademark laws in every corner of the world to do so.
Read full article »

Pierce Bainbridge Tries To Nix Ex-Partner's 'Rambling' Action
Litigation boutique Pierce Bainbridge blasted former partner Donald Lewis' wrongful termination suit as a "rambling, raging screed, full of scandalous and prejudicial matter" in a brief filed Monday asking a New York state court to dismiss the action.
2 documents attached | Read full article »

Real Estate Rumors: Nexus, Aimco, Meridian
Developer Nexus is said to have landed $41 million in financing for a California hotel, real estate investment trust Aimco could fetch more than $44

U.S. Department of Housing and Urban Development
U.S. Department of Justice
U.S. Supreme Court
United States Bankruptcy Court for the Southern District of New York
United States District Court for the Northern District of Illinois
United States District Court for the Southern District of New York

[Page 5]
million with the sale of a Chicago apartment tower, and Meridian Properties reportedly picked up two Brooklyn rental buildings for $35.25 million.
Read full article »

Bitfinex Returns $100M To Tether Amid NY AG Proceeding
Bitfinex has repaid $100 million of up to $700 million loaned to it by Tether, the cryptocurrency exchange announced Tuesday, as the companies wrangle with the New York attorney general over the nature of the initial credit facility.
Read full article »

EXPERT ANALYSIS
High Court Weakens State Laws For Liquor Retailers
The U.S. Supreme Court's decision in Tennessee Wine & Spirits Retailers Association v. Thomas does not end the three-tier distribution system that has guided alcohol beverage laws since the end of Prohibition, but it does erode superficial jurisdictional boundaries for retail licensing, says Robert Lewis of Spiritus Law.
Opinion attached | Read full article »

LEGAL INDUSTRY
Analysis
Why BigLaw Isn't As Jazzed About Merging In 2019
There's been a noticeable decline in U.S. law firm combinations so far in 2019 compared with recent years — and a total absence of major mergers by big firms. Here's a look at what's behind the slump.
Read full article »

Justice Ginsburg Says She 'Lucked Out' Of BigLaw Career
Justice Ruth Bader Ginsburg said Tuesday that she "lucked out" in that she became the second woman on the U.S. Supreme Court rather than a commercial litigator after rampant gender inequality in the legal profession in the 1950s and '60s steered her away from private practice.
Read full article »

Cooley Hid Conflict While Helping Launch Company, Suit Says
Attorneys for Cooley LLP failed to tell a New Jersey chemist that the firm had previously worked with his partner, then represented the partner's interests at the expense of the chemist's while they launched a new company, according to a lawsuit filed Monday in Massachusetts state court.
Read full article »

Wilson Sonsini Blasts Zetia Buyers' Bid For More Docs
Wilson Sonsini Goodrich & Rosati has assailed a motion to hand over more documents in a multidistrict litigation against generic-drug maker Zydus over antitrust claims, telling a Virginia federal court it has already provided plaintiff drug buyers with 3,600 pages.
Read full article »

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