Justice Barbara Kapnick need only determine whether the decision to approve the bond insurer's restructuring was rational, argued an attorney for the state's regulator, not whether it was right.
New York Decision Roundup - May 22, 2012
This daily roundup provides links to summaries of the latest New York state and federal court decisions.
SOCIAL SECURITY BENEFITS - Sullivan v. DiNapoli
OPINION - Petitioner, investigator with Department of Environmental Conservation, was denied accidental disability retirement benefits; after securing loose container of dangerous snakes, he hurriedly lowered himself from bed of pickup truck and injured knees, not an “accident.” (N.Y. App. Div. 3d Dep't)
PRISON DISCIPLINE - Hamilton v. Prack
OPINION - Prisoner received due process in disciplinary hearing; Commissioner of Corrections and Community Supervision found petitioner guilty of violating a prison disciplinary rule and engaging in gang-related activities and unauthorized organizational activities. (N.Y. App. Div. 3d Dep't)
The lawsuits accuse the banks of misrepresenting the risks of residential mortgages they packaged into securities, causing losses for investors.
Mahmoud Abdel-Salam Omar, a former chairman of the Bank of Alexandria and the Egyptian American Bank, pleaded guilty to a misdemeanor charge last year in exchange for no jail time.
Attorneys from Dewey & LeBoeuf continue to spread out among other firms; Kelli Moll joins Akin Gump Strauss Hauer & Feld.
Martin Weisberg was indicted in 2008 on 10 counts of wire fraud and one count of money laundering. He is accused of secretly placing $30 million of the client's money in an interest-bearing account.
A U.S. judge said an analysis of harm to the company's brand was "highly speculative" and allowed just a small fraction of the more than $120 million sought over alleged trademark infringement.
Once a boldface name in business and charity circles, Gupta is the most prominent corporate executive charged in the U.S. government's crackdown on insider trading.
The ACLU and other groups had sued the agency for access to documents on secret programs but judges unanimously ruled that disclosure could jeopardize overseas intel.
Experts say the filing could backfire by giving Nafissatou Diallo's lawyers the freedom to present evidence of Strauss-Kahn's "prior bad acts."
The ailing law firm contends with new debtholders who want to take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation.
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Here’s a look at the more than 100 partners that have left the struggling law firm, Dewey & LeBouef.
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.
The ABA-Tort Trial & Insurance Practice Series on “Disaster Preparedness & Response” begins September 6.
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