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From: New York Law360 <news-alt@law360.com> To: Subject: States 'Stepped Into The Breach' As Crypto Market Exploded Date: Thu, 27 Jun 2019 08:59:11 +0000 cIaw360 New York NEW YORK Thursday, June 27, 2019 Law360 TOP NEWS ;",Law360 Pro Say Podcast Analysis States 'Stepped Into The Breach' As Crypto Market Exploded While the eyes of the investing public have been trained on the U.S. Securities and Exchange Commission's efforts to police the nascent cryptocurrency market over the past 18 months, New York's attorney general turned heads in April when she accused digital currency trading platform Bitfinex of hiding the loss of $850 million by tapping into the reserves of an affiliated cryptocurrency. Read full article » 2nd Circ. Ponders Lehman 'Mistake' Claim In Safe Harbor Suit A Lehman Brothers unit pitched the Second Circuit on Wednesday on the Listen to our new podcast here idea that contract language relied on by the lower courts to approve financial crisis-era payments may have been just "stray words" in the paperwork. LAW FIRMS Read full article » Akerman 2nd Circ. Iffy On Goldman 'Re-Fight' Of CDO Class Cert. Issues Baker Botts Federal appeals court judges piled on Goldman Sachs on Wednesday, BakerHostetler asking why it was trying to "re-fight" settled issues before the appeals court in Ballard Spahr a securities class action brought by investors who claim the financier lost $1 Barrett & Singal PC billion after lying to them. Best Best & Krieger Read full article » Boies Schiller 2nd Of 5 NY Docs Eyed For Taking Insys Kickbacks Cops Plea Browne George A doctor admitted Wednesday to taking cash from Insys Inc. to prescribe its Buckley Beal Subsys painkiller to patients, becoming the second of five New York CKR Law LLP physicians charged in Manhattan federal court to admit guilt in an anti- Cahill Gordon kickback prosecution. Chapman and Cutler Opinion attached I Read full article » Choate Feds Are Full Of Lies, Platinum Boss Tells Jury Cleary Gottlieb An attorney for Platinum Partners co-founder Mark Nordlicht on Wednesday Clifford Chance sought to turn the tables on prosecutors in closing arguments, accusing the Console Mattiacci government of peddling more lies at trial than top executives at the defunct Cooley hedge fund are alleged to have told to investors. Cotchett Pitre Read full article » Covington & Burling High Court Nixes State Residency Reqs. For Liquor Licenses Cozen O'Connor The U.S. Supreme Court on Wednesday struck down a Tennessee law that Cravath Swaine requires businesses to maintain residency for two years before receiving a Davis Polk Dechert EFTA00032556 liquor license, saying the requirement violates the Constitution's commerce Dorsey & Whitney clause. Foley Hoag Opinion attached I Read full article » Ford O'Brien CYBERSECURITY & PRIVACY Fried Frank Fuerst Ittleman Debt Collector Sued Over Medical Provider Data Breach Garvey Schubert Bankrupt collections firm Retrieval-Masters Creditors Bureau Inc. is facing a proposed class action in New York bankruptcy court claiming it knew of a Gibbons PC data breach affecting millions of patients, including 11.9 million Quest Gibson Dunn Diagnostics Inc. patients, months before it became public. Girardi & Keese Complaint attached I Read full article » Goldstein & Russell Goodwin INTELLECTUAL PROPERTY Herrick Feinstein Hodgson Russ Lionbridge Slams $300M Trade Secrets Suit As 'Frivolous' Hogan Lovells Translation company Lionbridge Technologies fired back at accusations that it had feigned interest in purchasing rival TransPerfect Global at a court- Holland & Knight ordered auction just to lift the company's trade secrets, slamming the lawsuit Hughes Hubbard as "frivolous" in Manhattan federal court on Wednesday. Husch Blackwell Motion attached I Read full article » Jackson Walker Jones Day MEDIA & ENTERTAINMENT Katten Muchin Kay Griffin Picasso Painting Can Stay At The Met, 2nd Circ. Rules The Metropolitan Museum of Art can keep a Pablo Picasso painting sold by a Kellogg Hansen Jewish industrialist to raise money to escape Nazi persecution, as the Kirby McInerney Second Circuit ruled Wednesday that a $100 million suit brought by a relative Kirkland & Ellis of the businessman was filed too late. Kruzhkov Russo Opinion attached I Read full article » Labaton Sucharow Latham & Watkins EMPLOYMENT Lieff Cabraser Ex-CKR Law Marketer Alleges Sexually Hostile Workplace Littler Mendelson The former marketing director for CKR Law LLP was "repeatedly subjected to Locke Lord a sexually hostile work environment," and was fired after she caught her Lovell Stewart assistant kissing a managing partner at the firm, according to a suit filed Mayer Brown Wednesday in New York state court. McDermott Will Complaint attached I Read full article » McKool Smith Milbank LLP Title VII Protects Us, LGBTQ Workers Tell Supreme Court Monteverde & Associates The gay and transgender workers behind a trio of U.S. Supreme Court cases asking whether federal law shields LGBTQ workers from job discrimination Morrison Cohen filed their opening briefs Wednesday, arguing that Title VII's ban on gender- Niedweske Barber based bias covers them. Nixon Peabody 3 documents attached I Read full article » O'Melveny & Myers Orrick Herrington BENEFITS Patterson Belknap Express Scripts Calls MTA Prescription Fraud Suit 'Fantasy' Paul Hastings The New York City Transit Authority resorted to "fantasy" by fudging contract Paul Weiss terms in its lawsuit accusing Express Scripts of failing to root out millions of Quinn Emanuel dollars in excessive prescription drug claims, the nation's largest pharmacy Richards Layton benefits manager told a Manhattan federal court Tuesday. Robins Kaplan 1 document attached I Read full article » Ropes & Gray Sidley Austin SECURITIES & WHITE COLLAR Simpson Thacher Skadden EFTA00032557 Bribe Go-Between For Billionaire And Diplomat Avoids Prison Sullivan & Cromwell A China-born naturalized U.S. citizen who facilitated bribe payments from Thornton Law Firm LLP incarcerated Macau real estate billionaire Ng Lap Seng to a former U.N. Troutman Sanders diplomat avoided prison Wednesday as a Manhattan federal judge credited Van Ness Law Firm her cooperation with prosecutors. Wachtell Lipton Read full article » Williams & Connolly BANKRUPTCY WilmerHale Wilson Sonsini BlueHippo Contempt Ruling Violated Automatic Stay: 2nd Circ. Wollmuth Maher The disgraced CEO of alleged consumer lending scam BlueHippo Funding Wuersch & Gering LLC bought himself more time Wednesday as he grapples with a $13.4 million judgment, after the Second Circuit found that a lower court violated Young Conaway the automatic stay by finding him in contempt just days after he had filed for Zimmerman Law Offices PC personal bankruptcy. Zuckerman Spaeder Order attached I Read full article COMPANIES BANKING Alliance Defending Freedom Altman Weil Inc. US Bank Hits BofA With Buyback Suit Over $1.6B RMBS Trust American Arbitration Association U.S. Bank said in a New York federal court lawsuit filed Tuesday that a $1.6 American Civil Liberties Union billion residential mortgage-backed securities trust it oversees is teeming with Baltimore Orioles defective loans that Bank of America is liable for and should be forced to shoulder the responsibility of cleaning up. Bank of America Corp. Complaint attached I Read full article » Citigroup Inc. Credit Suisse Group AG Philly And Citibank Resolve Libor-Rigging Claims In MDL Deutsche Bank AG Philadelphia and Citibank got approval for stipulations that would free the Express Scripts Holding Co. financial institution from the city's antitrust claims in two lawsuits lodged in the Facebook Inc. long-running litigation. Fannie Mae 2 documents attached I Read full article » First Franklin Corp. Fox Corp. SPORTS & BETTING Freddie Mac Orioles Urge NY Court To Throw Out Nats' Arbitration Award General Motors The Baltimore Orioles and Mid-Atlantic Sports Network have asked a New Goldman Sachs Group Inc. York state court to throw out an arbitration award in their ongoing fight with HSBC Holdings PLC the Washington Nationals over profits, calling the decision from the MLB-run JPMorgan Chase & Co. Revenue Sharing Definitions Committee "fundamentally unfair." Leadership Council on Legal Memorandum attached l Read full article Diversity Lehman Brothers Holdings Inc. TELECOMMUNICATIONS Lionbridge Technologies, Inc. Telecom Co. Hit With $4.2M Judgment In Unpaid Loan Action Major League Baseball Inc. A New York federal judge has slapped an American telecommunications Major Lindsey & Africa company with a more than $4.2 million judgment after it failed to participate in Metropolitan Museum of Art a Swiss investment vehicle's litigation seeking to confirm an arbitral award New York City Transit Authority over money owed under a loan agreement. New York Times Co. Order attached I Read full article » North American Securities Administrators Association REAL ESTATE & DEVELOPMENT Platinum Partners LP Quest Diagnostics Inc. REIT Investor's Atty Fees Denied In Merger Suit Counsel for an investor in Select Income Real Estate Investment Trust Rivada Networks LLC cannot collect $350,000 in attorney fees in a proposed class action over a Select Income REIT planned merger with Government Properties REIT because their eligibility for State Bar of California an award is unclear, a New York federal judge said Tuesday. State Street Corp. 1 document attached I Read full article » EFTA00032558 Real Estate Rumors: Chess Builders, Stellar, Rieber SunGard Data Systems Developer Chess Builders has reportedly landed $65 million in financing for a Sungard Availability Services LP South Bronx hotel and residential project, Stellar Management is said to have Swiss Re sold a Bronx apartment building for $76.3 million and Rieber Developments The Walt Disney Co. has reportedly scored a $36 million loan for a Florida hotel and office project. Total Wine & More Read full article » TransPerfect Global Inc. EXPERT ANALYSIS Twentieth Century Fox Film Corp. U.S. Bancorp The Upside Of The Fastest Chapter 11 Confirmation Ever UBS AG Setting the record for fastest confirmation of a Chapter 11 plan in U.S. history, Washington Nationals Sungard Availability Services Capital confirmed a prepackaged plan of reorganization 19 hours after filing for bankruptcy. This and other recent Wells Fargo & Co. precedents may enable future debtors to bypass costly, lengthy stays in Yale University bankruptcy, say Hugh McDonald and Alissa Piccione of Troutman Sanders. iFinex Inc. Read full article » GOVERNMENT AGENCIES Q&A California Supreme Court A Chat With Ballard Spahr Diversity Chief Virginia Essandoh Delaware Court of Chancery In the final installment of this monthly series, legal recruiting expert Carlos Equal Employment Opportunity Pauling from Major Lindsey & Africa talks with Virginia Essandoh about the Commission trends and challenges she sees as chief diversity officer at Ballard Spahr. European Union Read full article » Federal Trade Commission LEGAL INDUSTRY Internal Revenue Service Massachusetts Supreme Judicial Del. Justices Rip Sullivan Atty For Client's Deposition 'Fiasco' Court The Delaware Supreme Court has reprimanded a Sullivan & Cromwell LLP Securities and Exchange attorney for failing to put an end to his Tony Award-winning client's "flagrantly Commission evasive" and "flippant answers" in a deposition, garnering social media Tennessee Attorney General's attention from attorneys who marveled at the strongly worded chiding. Office Read full article » Texas State Securities Board U.S. Attorneys Office This BigLaw Firm Retains Best-To-Work-For Title U.S. Department of Justice O'Melveny & Myers LLP has earned recognition as the best law firm to work U.S. Department of Veterans for, running the table on Vault.com's quality of life, diversity and summer Affairs associate program rankings and garnering praise from associates for its "exceptional," "friendly" and "laid-back" culture. U.S. Immigration and Customs Read full article » Enforcement U.S. Supreme Court Stark Gender Pay Gap Remains For Solo Attys, Small Firms United States Bankruptcy Court for Male attorneys who either work at small firms or have solo practices on the Southern District of New York average earned 56.8% more than their female counterparts in 2018, United States District Court for the according to a report by legal services company Martindale-Awo. Eastern District of Pennsylvania Read full article » Do 'Good Old Boys' Get Picked To Be Judges? GOP Sen. Asks A Republican U.S. senator asked four district court nominees if they think the judicial selection process puts "good old boys" on the federal bench over candidates with stronger conservative bona fides, after the senator was called out by a right-leaning publication for hewing to an "old system." Read full article » Justices Uphold Deference To Regulators, With Caveats The U.S. Supreme Court on Wednesday refused to overturn a long-standing doctrine requiring judges to defer to an agency's interpretation of its regulations, but said that "Auer deference" should only be used in certain cases. Read full article » EFTA00032559 Fox Corp. GC Stepping Down After 22 Years With Company The general counsel of Fox Corp., which formed after a $71.3 billion deal with Disney in March, has announced her plans to step down after more than two decades with the company's predecessor multinational media organizations, the company said Wednesday. Read full article » Facebook, BigLaw Attys Among Calif. Judicial Vetters California Gov. Gavin Newsom made public for the first time Wednesday the names of individuals who vet state judicial candidates, a list that includes a top Facebook lawyer and attorneys from Boies Schiller Flexner LLP and Cooley LLP, along with more than 100 other lawyers and judges from around the state. Read full article » Ex-Gibbons Associate's Sex Bias Claims Sent To Arbitration A former Gibbons PC associate accusing the firm of gender discrimination must hash it out with her onetime employer in arbitration, a Pennsylvania federal judge ruled Wednesday, finding that the lawyer was "well-positioned" to understand exactly what she was signing when she entered into the arbitration agreement at the time of her hiring. Read full article » Labaton Chair Decries 'Unfair' Criticism Of Firm's Political Ties Scrutiny of campaign contributions and other political connections that may have helped Labaton Sucharow secure clients has been "extraordinarily unfair," the firm's chairman testified in Boston federal court Wednesday at a hearing about allegedly improper practices by it and two other firms in a class action against State Street. Read full article » Mass. Justices Urged To Restore Judge's Pay During ICE Case The attorney for a Massachusetts state judge charged with helping an immigrant escape U.S. Immigration and Customs Enforcement custody urged the state's highest court on Wednesday to reinstate her pay while she's suspended from judicial service, contending that the justices could avoid a constitutional quandary by doing so. Read full article » PACER Fees For Court Opinions Are Arbitrary, Fla. Court Told The government's unwillingness to set guidelines for which court documents should be designated as free-to-download opinions in the federal PACER court filing system is "a wide-scale rampant administrative failure," a Florida attorney challenging the portal's fees said Wednesday. Read full article » Law Firm Leaders: Baker Botts' John Martin Baker Botts managing partner John W. Martin speaks to Law360 about his priorities for his first term, the ways law firms are responding to new competition and how best to achieve smart growth. Read full article » JOBS Search full listings or advertise your job opening Midsized NY LF seeks add'tl up•and- elite lit boutique // mid level assoc coming partners PB $1M+ Schoen Legal Search Schoen Legal Search New York, New York New York. New York EFTA00032560 Banktcy Boutique Counsel/Partner Stellar mid-sized firm seeks outstanding Schoen Legal Search mid level m&a atty NYC, New York Schoen Legal Search NYC. New York NYC'Corp'AssoceMithsized*Lifestyle mid level L&E assoc/40 yr old 50 atty NYC Schoen Legal Search firm NYC, New York Schoen Legal Search New York, New York Private Equity Associate Capital Markets Associate Hunton Andrews Kurth LLP Hunton Andrews Kurth LLP New York, New York New York, New York Contract Trademark Attorney Mid-Level IP Litigation Associate with Solid Epstein Drangel LLP Experience in Trademark and Copyright New York. New York Law Epstein Drangel. LLP New York, New York M&A Associate Perkins Coie LLP New York. New York Not sure if your firm subscribes? 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