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From: New York Law360 <newsglaw360.corn> To: Subject: Davis Polk To Abandon Strict Lockstep For Revised Pay Model Date: Fri, II Sep 2020 07:40:32 +0000 cj_aw360 New York NEW YORK Do you think your salary is fair? Take our survey. Friday, September 11, 2020 Follow Law360 TOP NEWS ;:t,Law360 Rising Stars Davis Polk To Abandon Strict Lockstep For Revised Pay Model Davis Polk & Wardwell LLP confirmed Thursday that it is moving from a partner compensation model based on seniority to one that takes into account other performance-related factors, calling the new pay model a "modified lockstep system." Read full article » HuffPost Beats Copyright Suit Over Jon Hamm Crotch Photo A Manhattan federal judge ruled Thursday that HuffPost didn't violate copyright law by republishing a famous image of actor Jon Hamm that went viral in 2013 because it appeared to prominently display his genitals. Opinion attached I Read full article » NYC Department Store Century 21 To Wind Down In Ch. 11 LAW FIRMS Manhattan-based department store chain Century 21 sought bankruptcy Akin Gump protection in New York on Thursday, reporting more than $156 million of debt Alioto Law Firm obligations and saying it was driven into a shutdown by its insurers' failures to Arent Fox pay $175 million in claims stemming from the C0VID-19 outbreak. Arnold & Porter Read full article » Baker Botts King & Spalding, Willkie Farr Steer $250M Manhattan Loan Ballard Spahr King & Spalding represented Deutsche Pfandbriefbank in connection with its Barclay Damon $250 million loan to Willkie Farr-counseled Paramount Group for a mixed-use Beck Redden property on Fifth Avenue in Manhattan, according to records made public in Berger Montague New York on Thursday. Blank Rome Read full article » Boies Schiller Senate Confirms Trial Judge Picks For Mich., Va., NY Brouse McDowell The U.S. Senate on Thursday confirmed nominees to the trial bench in Buchanan Ingersoll Michigan, Virginia and New York, including the first Iraqi American federal Cadwalader Wickersham judge, as part of a late-session push to fill court vacancies before Congress Carlton Fields heads home for the fall elections. Cavazos Hendricks 3 documents attached I Read full article Clark Hill Cotchett Pitre AGs Seek Early Win In Challenge To ACA Civil Rights Rollback Covington & Burling EFTA00025526 The 23 Democratic attorneys general challenging the Trump administration's Crowell & Moring rollback of civil rights protections for women, LGBTQ people and non-English DLA Piper speakers in health care settings are pursuing an early win in their lawsuit, Davis Polk arguing in New York federal court Thursday that the move flouted the Affordable Care Act and U.S. Supreme Court precedent. Davis Wright Tremaine Memorandum attached I Read full article » Debevoise & Plimpton NYC Mayor Rejects Property Tax Hike As Budget Gap Looms Dechert New York City's mayor on Thursday said he wouldn't consider hikes in Edelson PC property tax to help the city deal with a looming budget hole, despite it being Foley & Lardner one of the few taxes the city controls without permission from state leaders. Fox Rothschild Read full article » Fuerst Ittleman Gibson Dunn ENERGY & ENVIRONMENTAL Girard Sharp NJ LNG Project Delayed Amid Green Group's Pushback Goodwin A controversial proposal to add a liquefied natural gas export facility at a Haddon Morgan southern New Jersey port stalled Thursday when the Delaware River Basin Hausfeld LLP Commission voted to delay its final approval of the project amid pushback Hawkins Parnell from an environmental group overseeing the river. Hogan Lovells Read full article » Holland & Knight INSURANCE Hughes Hubbard Hunton Andrews Kurth Investment Firm Founder Wins $8M In AXA Life Insurance Suit Jones Day A North Carolina federal jury awarded $8 million on Thursday to the founder K&L Gates of an investment firm who accused AXA Equitable Life Insurance Co. of wrongly refusing to reinstate his life insurance policy and reporting incorrect Kasowitz Benson data to a clearinghouse for insurance information. Kelley Drye Verdict attached I Read full article » King & Spalding Kirkland & Ellis PERSONAL INJURY & MEDICAL MALPRACTICE Kuck Baxter Liebowitz Law Firm Injured Rider Sues Revel Over Moped Crash, Lax Safety Locke Lord A New Yorker is suing moped sharing service Revel Transit Inc. in the state's Loeb & Loeb Supreme Court, alleging the company's rapid expansion in the Big Apple resulted in dropped safety measures and poor maintenance, resulting in him Lowenstein Sandler crashing and falling off one of the vehicles. Mayer Brown Complaint attached I Read full article » McDermott Will McKool Smith INTELLECTUAL PROPERTY Miller Korzenik Morgan Lewis Cannabinoid Maker Hits Amyris With $881M Trade Secrets Suit Morrison Mahoney A cannabinoid manufacturer slapped biotech company Amyris with an $881 million trade secrets suit Thursday, alleging the company inked a research Munger Tolles and development agreement to boost its stock price and then reneged on the NastLaw terms to conceal a "rotten" business model. Nedeau Law Firm Complaint attached I Read full article » Norton Rose Nussbaum Law Group PC SECURITIES & WHITE COLLAR O'Melveny & Myers Orr Cook Halkbank Can't Pause Iran Sanctions Case Over Recusal Bid Paul Hastings A New York federal judge rejected a bid from Turkey's Halkbank to pause the government's case over alleged Iran sanctions violations while the bank Polsinelli appeals its failed motion to recuse the judge, saying Thursday that its petition Proskauer Rose was unlikely to succeed. Quinn Connor Order attached I Read full article » Randazza Legal Group Roche Cyrulnik Freedman Epstein Accuser, Media Slam Maxwell's Bid To Shield Docs Ropes & Gray EFTA00025527 One of Jeffrey Epstein's most outspoken accusers and a raft of media Sanford Heisler organizations have slammed Ghislaine Maxwell's attempt to keep her Saxe Doemberger depositions from a settled defamation suit under seal, telling the Second Shearman & Sterling Circuit that public interest outweighs the former Epstein associate's concerns that the transcripts could bias the sex trafficking case against her. Sidley Austin 3 documents attached I Read full article Skadden COMPETITION Sullivan & Cromwell The Wiewel Law Firm State AGs Say Drugmakers Want To Delay Price-Fixing Trials Venable LLP A contingent of state attorneys general suing generic-drug makers over Warner Norcross allegations of price-fixing as part of a sprawling multidistrict litigation have Williams & Connolly said that drugmakers' proposed schedule for four bellwether cases would delay the first trial for months longer than necessary. Willkie Fan 4 documents attached I Read full article » WilmerHale Wilson Sonsini CAPITAL MARKETS Winget Spadafora Woods Rogers Hedge Fund-Backed SPAC Leads 3 IPOs Raising $860M Total A blank-check company backed by activist hedge fund Starboard Value led COMPANIES three initial public offerings to hit markets Thursday after raising a combined AXA SA $860 million, adding to the yearlong blitz in IPOs by special purpose Allergan PLC acquisition companies. Amazon.com Inc. Read full article » American Bar Association BANKRUPTCY American Civil Liberties Union American Federation of State Morgan Stanley Tells Court It Sold A Solvent Tops Markets County & Municipal Employees Morgan Stanley on Thursday asked a New York bankruptcy judge to dismiss American Immigration Lawyers claims by the litigation trustee for Tops Markets LLC that the firm drove the Association supermarket chain into Chapter 11, arguing the company was solvent when American International Group Inc. the firm sold it. Ameriprise Financial Inc. Read full article » Amyris Inc. Apple Inc. BANKING BNP Paribas SA Bank GCs Don't Have To Sit For Depos In Forex-Rigging Fight BancWest Corp. Current and former in-house lawyers for six big banks do not have to sit for Bank of America Corp. depositions, a Manhattan federal judge said Thursday, after counsel for Barclays PLC foreign currency buyers who say the financial giants rigged prices asserted Barings LLC that the banks had not turned over important information. Barnard College 2 documents attached I Read full article » British American Tobacco PLC Analysis CACI International Inc. OCC's Potential Boon For Payment Industry Faces Headwinds CIT Group Inc. Acting Comptroller of the Currency Brian Brooks has expressed a desire to Cato Institute wrap payments companies into the federal regulatory framework, and while Center for Human Rights & the effort has been lauded as a move to ease compliance costs, state Constitutional Law regulators appear prepared to fight to protect their oversight of the industry. Century 21 Department Stores LLC Read full article » Citigroup Inc. INTERNATIONAL ARBITRATION Conference of State Bank Supervisors Importer Says $2M Award Over Liquor Deal Can Be OK'd Credit Suisse Group AG A defunct U.S. liquor importer is looking to enforce a nearly $2 million costs Dealogic LLC award it won in arbitration involving the French producer of Landy Cognac, Delaware Riverkeeper Network the result of a decade-old dispute stemming in part from the importer's Federalist Society inability to pay $35,000 in endorsement royalties to the rapper Snoop Dogg. Brief attached I Read full article » Fortress Transportation and Infrastructure Investors LLC EFTA00025528 IMMIGRATION Getty Images Inc. Google Inc. Trump Can't Exclude Unauthorized Immigrants From Census HSBC Holdings PLC A trio of New York federal judges on Thursday shut down President Donald Immigrant Legal Resource Center Trump's attempt to not count unauthorized immigrants in the 2020 census, International Brotherhood of ruling that the policy blatantly violates federal law governing the census and Teamsters apportionment and that the case need not be litigated any further. Order attached Read full article ” International Centre for Dispute Resolution International Organization of Feds Says Immigration Application Fee Hikes Are Lawful Securities Commissions Nineteen states and 10 immigration nonprofit organizations supported a request to stop U.S. Citizenship and Immigration Services from hiking JPMorgan Chase & Co. immigration application fees, but the Trump administration objected to the Kids in Need of Defense request, saying the agency lawfully implemented the fee increases. King Pharmaceuticals Inc. 3 documents attached I Read full article » LexisNexis Group Linkedln Corp. TELECOMMUNICATIONS Major Lindsey & Africa LLC Miami Herald Media Co. 2nd Circ. Won't Revive NY Town's Fight Over Cell Tower Morgan Stanley The Second Circuit isn't going to touch a federal court ruling that allowed a wireless tower to be constructed in a New York town over objections from the Mylan NV local board, it declared Thursday. NASDAQ Inc. Opinion attached I Read full article ), NatWest Markets PLC Novartis AG PEOPLE Oath Inc. Paramount Group Inc. BroadwayHD Rides Away With Ex-SoulCycle Atty As GC Partnership for New York City BroadwayHD has named a former SoulCycle attorney as its new general counsel, the theater streaming service said Thursday. Pennsylvania Bar Association Read full article » Pfizer Inc. RELX PLC EXPERT ANALYSIS Regions Financial Corp. Royal Dutch Shell PLC 2 Real Estate Financing Concepts To Review During COVID-19 Sierra Club COVID-19 will likely continue to bring a significant increase in distressed real SoulCycle Inc. estate financings, so parties should carefully draft late charge and default rate interest provisions to ensure that they are enforceable as intended, say Starboard Value LP Steven Herman and Eunji Jo at Cadwalader. State Bar of Michigan Read full article » Temple University Teva Pharmaceutical Industries LEXIS PRACTICE ADVISOR Ltd. The New York Times Co. 8 Borrower Considerations For SOFR Loan Documentation The Royal Bank of Scotland Group As the market works out how to document loans that provide for interest PLC accruing at a rate based on Libor's successor, expect certain borrower proposals for Secured Overnight Financing Rate credit agreements to prompt Tops Markets LLC disagreement among lenders, says David Duffee at Mayer Brown. Twitter Inc. Read full article » UBS AG United Food & Commercial LEGAL INDUSTRY Workers International Union University of Chicago Medical Ropes & Gray Is Letting Incoming Associates Take A Year Off Center In the wake of the coronavirus pandemic, Ropes & Gray LLP is offering an Washington Post Co. optional deferral year to its incoming associates, giving them the option to Waste Management Inc. participate in a firm-sponsored fellowship or take a year off to do anything Western Digital Corp. they want, the firm confirmed Thursday. YouTube Inc. Read full article » EFTA00025529 Analysis GOVERNMENT AGENCIES The Biggest Surprises Of Trump's New Supreme 'Short' List Bureau of Citizenship and The new list of possible U.S. Supreme Court nominees that President Donald Immigration Services Trump unveiled Wednesday featured several conservative rising stars on the California Attorney General's Office federal appellate bench. But there were also some unconventional choices spurred by political motives, and at least one glaring omission. Connecticut Attorney General's Office Read full article » Delaware Attorney General's Office EPA's Legal Leader Will Head Back To Private Practice Delaware River Basin Commission The U.S. Environmental Protection Agency's top lawyer said Thursday he's Federal Reserve System stepping down after more than two and a half years to return to private Florida Department of practice, while a Gibson Dunn alumnus will step up to fill his shoes. Environmental Protection Read full article » Georgia Supreme Court Hawaii Attorney General's Office Ex-Jones Day Atty Says Nix Of Equal Pay Claim 'Erroneous' Illinois Attorney General's Office A former Jones Day associate suing the legal powerhouse over its parental leave policy said a D.C. federal judge misinterpreted the term "equal work" Internal Revenue Service when he threw out her Equal Pay Act claim. Maryland Attorney General's Office Read full article » Michigan Attorney General's Office Minnesota Attorney General's Ex-BigLaw Atty Takes 3-Year Suspension For Insider Trading Office A former Hunton & Williams LLP attorney on Thursday was formally barred Nevada Attorney General's Office from practicing law until next summer after a drunken tip to his friend and investment adviser about a Pfizer Inc. acquisition led to his conviction for New Jersey Attorney General's Office insider trading. Read full article » New Jersey Supreme Court New Mexico Attorney General's NJ Justices Scrap Rule Requiring Firms To Include Atty Name Office The New Jersey Supreme Court has nixed the requirement that a law firm's New York Attorney General's Office trade name include the name of an attorney and describe the nature of its New York City Council practice, but maintained that firm names cannot be misleading or suggest New York State Department of their ability to obtain results, state judiciary officials said Thursday. Financial Services Read full article » Office of the Comptroller of the Currency Texas Bar Drops Proposal To Limit President's Powers Ohio Supreme Court A State Bar of Texas director on Thursday withdrew a proposal to limit the right of the Bar president to act as the organization's spokesperson in light of Oregon Attorney General's Office racist and sexist social media posts, saying at a virtual Bar meeting that it's Pennsylvania Attorney General's "highly likely" the president would sue in retaliation and that the Bar should Office instead develop a code of conduct for officers. Pennsylvania Supreme Court Read full article » Rhode Island Attorney General's Office Michigan Bar Prevails In Fight Over Mandatory Atty Dues State Bar of Texas A Michigan federal court declined to consider whether recent U.S. Supreme U.S. Army Corps of Engineers Court precedent has rendered compulsory bar membership unconstitutional, ruling against a challenge to the State Bar of Michigan and saying the U.S. Attorney's Office constitutional question would be something for higher courts to weigh. U.S. Bankruptcy Court for the Read full article » Southern District of New York U.S. Court of Appeals for the Ninth Pa. Justices Reject Diploma Privilege Petition Circuit The Pennsylvania Supreme Court on Thursday denied a petition asking that U.S. Court of Appeals for the it consider axing the bar exam requirement and allow law school graduates to Second Circuit begin practicing on an emergency basis this year as a result of the ongoing U.S. Department of Commerce coronavirus pandemic. U.S. Department of Health and Read full article » Human Services Fed. Circ. Grants Atty Fees In 'Demeaning' Goat IP Case U.S. Department of Homeland Security The Federal Circuit ordered a New York attorney to pay legal fees Thursday, after the U.S. Supreme Court refused to take up his challenge to a U.S. Department of Justice U.S. Department of Labor EFTA00025530 restaurant's registered trade dress that he personally found "demeaning" to U.S. Department of State goats. U.S. Department of Transportation Read full article » U.S. District Court for the Eastern Bank Of The West Hires Ex-Regions Financial Atty As GC District of Pennsylvania Bank of the West, a subsidiary of BNP Paribas, has hired financial services U.S. District Court for the Northern industry veteran Hope Mehlman as general counsel and corporate secretary, District of California the bank announced Thursday. U.S. District Court for the Southern Read full article » District of New York Law360's Weekly Verdict: Legal Lions & Lambs U.S. District Court for the Western District of Michigan Mayer Brown made it on the legal lions list this week by helping to secure an order favoring foreign citizens who won green cards in the Diversity Visa U.S. Environmental Protection lottery, while Edelson ended up among the legal lambs after a judge tossed Agency its client's proposed data disclosure class action against Google. U.S. House of Representatives Read full article U.S. Immigration and Customs Enforcement JOBS U.S. Securities and Exchange Search full listings or advertise your job opening Commission U.S. Senate U.S. Supreme Court Vermont Attorney General's Office Washington Attorney General's Office Not sure if your firm subscribes? Ask your librarian. We hope you found this message to be useful. However. if you'd rather not receive fume emails of this soil you may unsubsctibe here. 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