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SECURITIES – Citiline Holdings Inc. v. iStar Fin. Inc.

SETTLEMENT – Plaintiff shareholders of iStar claimed violations of the Securities Act and the Exchange Act. Defendants’ motion to dismiss was denied. The parties mediated, and reached an agreement for defendants to admit no wrongdoing and to pay plaintiffs $29 million. (S.D.N.Y.)

New York Decision Roundup - September 10, 2012

This daily roundup provides links to summaries of the latest New York state and federal court decisions.

New York Decision Roundup - September 7, 2012

This daily roundup provides links to summaries of the latest New York state and federal court decisions.

COURT WIRE: JUST FILED

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1 Raj Rajaratnam REUTERS Shannon Stapleton

Rajaratnam's insider trading appeal set for Oct. 25

9/7/2012

Onetime billionaire Rajaratnam is serving an 11-year prison sentence in what prosecutors called the biggest insider trading case of a generation.

Andrew Cuomo-REUTERS-Brendan McDermid

Cuomo signs bill to outlaw viewing of child porn on Internet

9/7/2012

The law, which closes a loophole created by the state's top court earlier this year, makes it a Class-E felony to "knowingly access" child pornography "with the intent of viewing."

New York State Assembly Chamber, Albany. REUTERS Shannon Stapleton

Special prosecutor's power expanded in Lopez sexual harassment scandal

9/7/2012

Staten Island DA Dan Donovan will investigate whether state Assembly leaders illegally used public and private funds to settle sexual harassment allegations against Assemblyman Vito Lopez.

Hundred dollar bills money sheet. REUTERS Photographer

Analysis: New York AG's private equity probe may have little bite

9/7/2012

Eric Schneiderman's investigation of the private equity industry's tax practices may have attracted a lot of publicity in recent days, but will it result in big settlements?

A businessman with briefcases enters office building, file photo. REUTERS Toru Hanai

Partner's pay at issue in Edwards Wildman lawsuit

9/7/2012

Though Stephen Connoni's claims that he was owed thousands of dollars under a salary guarantee was dismissed, the judge also ruled that Connoni had been improperly fired.

Dow Chemical plant, file 2004. REUTERS Arnd Wiegmann

Dow Chemical loses court decision over R&D tax credits

9/7/2012

The 2nd Circuit upheld a U.S. Tax Court ruling that the Dow unit, Union Carbide, could not claim credit retroactively for manufacturing process improvements.

Examination paper. REUTERS Lisi Niesner_Small

Law School Admission Test is discriminatory, U.S. government says

9/7/2012

The Justice Department has sought to intervene in a class action to support a group of lawyers who accuse those running LSAT of discriminating against test takers with disabilities.

Career Tracker

Lawyers on the move

9/7/2012

Greenberg Traurig adds Vicky Beasley McPherson as shareholder; Robert Shulman leaves Kasowitz Benson Torres & Friedman for Manatt, Phelps & Phillips.

Shepard Fairey leaves court in New York on Feb. 24, 2012. REUTERS Brendan McDermid

Artist spared prison in Obama poster image fraud

9/7/2012

Shepard Fairey was sentenced to 300 hours of community service after admitting he had lied about which image he used for the "Hope" portrait of Barack Obama.


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The U.S. Supreme Court 2011-2012 Term

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U.S. Supreme Court: The immigration story

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While their ancestral back stories don’t necessarily shed light on whether the justices will uphold Arizona’s tough immigration law, the members’ roots are clearly a point of pride. Here’s how the justices came to America. 

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