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Banks say MBIA didn't tell NY its true condition before split

5/16/2012

MBIA Inc hid its financial condition from the New York state insurance department in 2009 when it sought approval to restructure the company, according to Bank of America Corp and two other banks challenging that restructuring.

Gavel, NY State Supreme Court, 60 Centre St. REUTERS Chip East

State appeals court rejects lawyer's discrimination suit against Skadden

5/16/2012

The First Department found that a State Supreme Court justice did not abuse his discretion in finding that the firm had offered legitimate reasons for Rita Gordon's termination.

An exterior view of the federal courthouse at 500 Pearl Street is seen in New York. REUTERS Chip East

NY attorney, ex-cop, accused in $4.7 mln real-estate swindle

5/16/2012

Edward Adams and James Monahan are accused of illegally draining money out of an escrow account set up to build a 1,200 unit condominium building in the Dominican Republic.

Rajat Gupta, in a courtroom sketch. REUTERS Handout

Judge inclined to allow 3 key calls at Gupta trial

5/16/2012

Jed Rakoff tentatively approved the admission of recordings between Gupta and convicted hedge funder Raj Rajaratnam, so long as prosecutors show they further allegations of a conspiracy.

Ruling in e-books class action is blow to defense in DOJ antitrust suit

5/16/2012

Apple, Penguin, and Macmillan -- the remaining defendants in the Justice Department’s suit alleging an illegal antitrust conspiracy in the e-books market -- have to be mighty discouraged by U.S. District Judge Denise Cote’s ruling Tuesday in the parallel class action. Cote, who is also overseeing the DOJ case, makes short work of all the defenses Apple and the publishers might raise.

E-books antitrust MTD opinion

Obama nominates Frank Paul Geraci for federal bench in New York

5/16/2012

Prior to his judicial career, Geraci was a partner at the firm Geraci & Feldman, a federal prosecutorand an assistant district attorney.

New York State Senator Pedro Espada (R), July 2009. REUTERS Chip East

Prosecutors to retry former New York state senator-source

5/16/2012

Pedro Espada was found guilty on four counts of theft and fraud, following a six-week trial. Jurors, however, were deadlocked on an additional four counts against him.

Protestors rally against the NYPD's stop and frisk program. REUTERS Keith Bedford

Judge grants class action status to NYPD frisk challenge

5/16/2012

Shira Scheindlin said that a suit filed in 2008 by four black men claiming they were improperly targeted by police established that their cases were emblematic of a city-wide problem.

Settlement of lawsuit over New York taxi rider frisks