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November 07, 2012 |

Don't Bend 'American Pipe'

Barbara J. Hart and David C. Harrison, partners at Lowey Dannenberg Cohen & Hart, review decisions that have eviscerated the tolling protections of 'American Pipe' for the vast bulk of investors in MBS class litigation, and the recent Second Circuit holding that has mitigated this harsh trend in favor of a standing approach based upon Rule 23's class action requirements.
12 minute read
Baron v. Galasso, 1510/09
Publication Date: 2011-04-12
Practice Area: Legal Profession
Industry:
Court: Appellate Division, Second Department
Judge: Before: Prudenti, P.J., Angiolillo, Florio, Sgroi, JJ.
Attorneys:
For plaintiff: Anthony A. Capetola, Williston Park, N.Y. (Robert P. Johnson of counsel), for appellants-respondents.
For defendant: Westerman Ball Ederer Miller & Sharfstein, LLP, Uniondale, N.Y. (Richard Gabriele and William E. Vita of counsel), for respondent-appellant
Case number: 1510/09

Cite as: Baron v. Galasso, 1510/09, NYLJ 1202489606881, at *1 (App. Div., 2nd, Decided April 5, 2011)Before: Prudenti, P.J., Angiolillo, Florio, Sgroi, JJ.

January 28, 2013 |

VERDICTS & SETTLEMENTS

6 minute read
June 21, 1999 |

FTC Follows The Money

Seven years ago, as the zealous director of the FTC's Bureau of Competition, Kevin Arquit helped conjure up a novel legal stratagem. Now, as the zealous lead counsel for generic drug maker Mylan Laboratories Inc., he has found his past returning to haunt him. Citing Arquit9s handiwork, the FTC is trying to collect $120 million from his client in a suit filed in D.C. federal court. The case is potentially groundbreaking: If the agency is successful, it would fundamentally expand its institutional powers.
7 minute read
March 07, 2005 |

Pro Bono Digest

William J. Dean, executive director of Volunteers of Legal Service, writes that in its pro bono projects, VOLS matches law firms with other major institutions. For example, in the VOLS Children's Project, six law firms are matched with hospitals in New York City.
8 minute read
November 01, 2012 |

Hotel recovery hurt as superstorm Sandy causes cancellations

Revenue growth at U.S. hotels, already hurt by slowing traveler demand, will be hampered further by Sandy, the superstorm that blacked out much of southern Manhattan and flooded areas along the East Coast.
5 minute read
November 05, 2004 |

Pro Bono Digest

William J. Dean, executive director of Volunteers of Legal Service, writes that he often hears from volunteer lawyers on how pro bono work has enriched their professional and personal lives.
7 minute read
Susan Beck's Summary Judgment: Is Mary Jo White Tough Enough? Here's One Way to Find Out
Publication Date: 2013-01-30
Practice Area:
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By tackling the glaring conflict of interest created by a credit rating system beholden to issuers, Obama's pick to lead the SEC could prove she plans to live up to her reputation for toughness.

June 05, 2013 |

Lewis Tein's Defense Tab Against Miccosukees Tops $1 million

The Miami law firm of Lewis Tein asks a federal judge to stay a discovery order to produce its tax returns and acknowledges being billed $1 million for its defense against suits filed by the Miccosukee Indian tribe.
4 minute read
February 05, 2007 |

Mutual funds: Inside India's rally

MUMBAI, India - Stock researcher Ashit Kothari is living the Indian growth story he spends his days analyzing.Step into the hallway outside his fourth-floor office and find workers with head wraps and slippers installing an air-conditioning system for the building. On the ground floor, find a directory of employee-recruiting and computer-software companies that are rapidly filling the floors.
8 minute read

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