New York

Greenberg battles back against Schneiderman in N.Y. fraud case

By Alex Vorro | May 15, 2012

The tensions rose another notch yesterday in the 7-year-old fraud case against former AIG CEO Maurice Greenberg and CFO Howard Smith. Greenberg bit back at New York Attorney General Eric Schneiderman, claiming that the state should be barred from invoking a 91-year-old state law in the case.
AIG fraud case cleared for trial

By Julie Beck | May 9, 2012

New York’s fraud case against former American International Group (AIG) CEO Maurice Greenberg has been cleared for trial as of Tuesday.
Dewey warns employees that firm could shut down

By Alex Vorro | May 7, 2012

Signs are now solidly pointing toward the end for New York law firm Dewey & LeBoeuf. Dewey issued advance notice to its employees under the Federal Worker Adjustment Retraining and Notification Act (WARN) last Friday that they may soon lose their jobs if the firm is forced to shutter.
Disbarred lawyer pleads guilty to theft

By Cathleen Flahardy | May 4, 2012

A former N.Y. lawyer, who was disbarred, pled guilty yesterday to stealing almost $140,000 from his clients.
Litigation: Illinois Supreme Court rejects the “legitimate business interest” test

By Matthew Walsh | May 3, 2012

A recent Illinois Supreme Court decision provides corporate counsel with an overdue reminder to re-examine the language and scope of their companies’ non-compete agreements. While non-compete agreements are often swept under the rug when a new employee begins work, the potential outcomes are catastrophic.
Regulatory: The Obama administration agrees to expedite development of Great Lakes offshore wind projects

By Barbara Lichman | May 2, 2012

The Obama administration has taken the first regulatory action toward development of offshore wind energy projects in the Great Lakes by entering into a Memorandum of Understanding (MOU) with certain states bordering the Great Lakes to expedite environmental review of proposed projects.
New York to require aspiring lawyers to complete pro bono work

By Ashley Post | May 2, 2012

While celebrating Law Day yesterday, New York Court of Appeals Chief Judge Jonathan Lippman made a special announcement: Beginning next year, New York will require prospective lawyers to complete mandatory pro bono service.
Shield law protects reporter from cross-examination

By Mary Swanton | April 30, 2012

A 2nd Circuit case against Goldman Sachs turns into a debate over New York's shield law
NY Attorney General sues Sprint-Nextel for $300 million

By Cathleen Flahardy | April 24, 2012

Last week, New York Attorney General Eric Schneiderman sued Sprint-Nextel Corp. for allegedly under-collecting and underpaying $100 million in sales taxes in order to keep its competitive prices low.
Technology: Ethical and business concerns over employee’s use of virtual storage

By James Hanft | April 20, 2012

Virtual storage offers a convenience that should not be overlooked