U.S. District Court For The Southern District Of New York
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Parties contesting motion for judgment, in legal malpractice case linked to $1 million bankruptcy action
PITTSBURGH – Parties involved in litigation connected to allegedly inadequate representation of a Pennsylvania contractor, one who lost $1 million in an underlying bankruptcy action, are continuing to contest a motion for judgment on the pleadings to potentially decide the case. -
Motion for judgment in play, in legal malpractice case linked to $1 million bankruptcy action
PITTSBURGH – Parties involved in litigation connected to allegedly inadequate representation of a Pennsylvania contractor, one who lost $1 million in an underlying bankruptcy action, are currently battling over a motion for judgment on the pleadings to potentially decide the case. -
Financial firm will face claims from investors, like Lehigh University, that it mismanaged hedge funds during pandemic
NEW YORK – A federal judge has ruled that a German financial services company will face claims from investors that it wrongly administered hedge funds which took billions of dollars in losses, at the start of the COVID-19 pandemic in 2020. -
Class action from Pittsburgh trade group alleges benefit provider Insperity violated Securities and Exchange Act
NEW YORK – A class action lawsuit filed in a New York federal court accuses a benefit provider of not being transparent in reporting its financial condition, and thus violating the Securities and Exchange Act. -
City of Philadelphia sues financial institutions for 'billions' in alleged overcharging on bond interest rates
PHILADELPHIA – The City of Philadelphia has filed an antitrust class-action lawsuit in a New York federal court last week, charging seven prominent financial institutions with conspiracy in forcing it and other municipal borrowers to pay steep sums of interest on variable-rate bonds over an eight-year period spanning 2008 to 2016. -
Dismissal status of Pittsburgh financial mismanagement lawsuit against Morgan Stanley amended by Third Circuit
PHILADELPHIA – The U.S. Court of Appeals for the Third Circuit modified the dismissal status of a lawsuit brought by a woman who claimed finance giant Morgan Stanley mismanaged her accounts and withheld information from her as to same based on its absence of prejudice. -
Class action plaintiffs suing Montgomery McCracken for $619M attempting a second bite at the apple, firm argues
SCRANTON – A law firm facing a $619 million legal malpractice lawsuit in Pennsylvania federal court wants the case dismissed for failure to state a claim and other causes or alternatively, transferred to federal court in New York. -
'They're always wrong': NYC's hired guns cite overturned case as authority for climate change lawsuit
It was a surprising opening move, to say the least. Arguing for the City of New York in its climate lawsuit against five major oil companies, attorney Michael Pawa cited AEP v. Connecticut, a 2009 decision by the U.S. Court of Appeals for the Second Circuit, as “persuasive authority” in his clients’ favor. -
SugarHouse Casino believes embattled WFAN radio host Craig Carton paid it $405K in bad checks
PHILADELPHIA – A local casino believes a shock-jock host for WFAN Radio in New York, who has been arrested for alleged participation in a multimillion-dollar concert ticket investment scam, overplayed his hand by paying them $405,000 with checks that later bounced and is seeking immediate restitution. -
Panel explores overlapping criminal enforcement actions against companies and how penalties are determined
NEW YORK – Insight into the process of crafting of financial penalties for companies alleged to have engaged in corporate misconduct was a prominent topic of discussion in a recent seminar held June 7. -
Judge cuts over $10 million in attorneys' fees from BoA settlement
MANHATTAN — A judge in United States District Court for the Southern District of New York reduced the cost of attorney's fees in a settlement against Bank of America after a firm used temporary attorneys for document review and billed at normal staff rates. -
City of Philadelphia files class action antitrust lawsuit over interest rate swaps as part of MDL
CHICAGO – Recently, the City of Philadelphia initiated a major class-action lawsuit in Illinois federal court against a number of world financial institutions, claimed they violated federal antitrust law in colluding to prevent the purchase and sale of interest rate swaps (IRS). -
Second Circuit affirms dismissal of PSERS from investment fraud lawsuit
NEW YORK – A federal appeals court in New York City affirmed a ruling which denied class certification to a large-scale investment fraud lawsuit, which had included Pennsylvania’s Public School Employees’ Retirement System (PSERS) as a plaintiff. -
Pittsburgh firm among those with blind clients targeting companies’ websites with disabilities lawsuits
Defense attorneys say there has been an “explosion of activity” from payment-seeking plaintiffs lawyers and their blind clients who are alleging violations of federal disabilities law in lawsuits over companies’ websites – particularly in three jurisdictions. -
Photograph copyright infringement case headed to New York federal court
A motion from one of the world’s top textbook publishers to transfer a copyright infringement case against it to the U.S. District Court for the Southern District of New York has been granted. -
ACLU files suit over NSA's domestic surveillance of phone records
The American Civil Liberties Union this week joined the legal fight challenging the