• Valtus Capital Grp. LLC v. Parq Equity Ltd. P'ship

    Publication Date: 2019-10-18
    Practice Area: Contractual Disputes | Securities Litigation
    Industry: Financial Services and Banking | Hospitality and Lodging
    Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
    Judge: District Judge Denise Cote
    Attorneys: For plaintiff: For Plaintiff: Joseph B. Schmit, Richard Weingarten, Phillips Lytle LLP, New York, New York.
    for defendant: For Defendants: Thomas J. Hall, Norton Rose Fulbright US LLP, New York, New York.

    Case Number: 19 cv 4737

    Contract Breach Claim Pleaded on Entirety of Five-Part Financing Transaction

  • New York Law Journal | Analysis

    What Is It We're Talking About When We Talk About Crypto?

    May 24, 2019

    In his Blockchain Law column, Robert A. Schwinger addresses the question of where crypto fits in among all the terms the law uses to describe concepts that relate, however closely or loosely, to money. As cryptocurrency use becomes increasingly common in commercial activity, courts have found themselves having to grapple with how to characterize this new form of asset.

  • J.P. Morgan Securities Inc. v. Vigilant Ins. Co.

    Publication Date: 2018-09-28
    Practice Area: Insurance Litigation | Securities Litigation
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: Appellate Division, First Department
    Judge: Justice Richard Andrias
    Attorneys: For plaintiff: For Respondents: Steven E. Obus and Seth Schaffer of counsel, Proskauer Rose LLP, New York
    for defendant: For Vigilant Insurance Company and Federal Insurance Company, appellants: James M. McGuire, Daniel M. Sullivan and Gregory Dubinsky of counsel, Holwell Shuster & Goldberg LLP, New York, Joseph G. Finnerty III, Megan Shea Harwick and Eric S. Connuck of counsel, and DLA Piper LLP (US), New York For Liberty Mutual Insurance Company, appellant: Scott A. Schechter, Andrew E. Oldis and Matthew Mawby of counsel, Kaufman Borgeest & Ryan LLP, New York For The Travelers Indemnity Company, appellant: David F. Abernethy of the bar of the State of New Jersey and the State of Pennsylvania, admitted pro hac vice, of counsel, Drinker Biddle & Reath LLP, Philadelphia, PA Marsha J. Indych of counsel, and Drinker Biddle & Reath LLP, New York For National Union Fire Inssurance Company of Pittsburgh, PA, appellant: Kevin J. Windels, Luke D. Lynch and Liza A. Chafiian of counsel, D'Amato & Lynch, LLP, New York For Certain Underwritters at Lloyd's, London, appellant: Edward J. Kirk, Gabriela Richeimer and Matthew Prutting of counsel, Clyde & Co. US LLP, New York For American Alternative Insurance Corporation, appellant: William Ballaine of counsel, Landman Corsi Ballaine & Ford P.C., New York

    Case Number: 600979/09

    Under 'Kokesh' SEC Disgorgement Is Penalty, Not 'Loss'; Banks Not Entitled to Coverage

  • O'Donnell v. AXA Equitable Life Ins. Co.

    Publication Date: 2018-04-16
    Practice Area: Securities Litigation
    Industry: Financial Services and Banking | Insurance | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Barrington Parker
    Attorneys: For plaintiff: For Plaintiff-Appellant: Joel C. Feffer and Daniella Quitt, Harwood Feffer LLP, New York, NY.
    for defendant: For Defendant-Appellee: Jay B. Kasner and Kurt Wm. Hemr, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY.

    Case Number: 17-1085-cv

    SLUSA Preclusion Not Met by Security's Passive Retention After Unknown Misrepresentation

  • Federal Housing Finance Agency v. Nomura Holding America, 15-1872-cv

    Publication Date: 2017-10-02
    Practice Area: Civil Appeals | Securities Litigation | Litigators
    Court: U.S. Court of Appeals, Second Circuit
    Judge: Before: Wesley, Livingston, and Droney, C.JJ.
    Attorneys: For plaintiff: For Plaintiff-Appellee: Philippe Z. Selendy, Adam M. Abensohn, William B. Adams, Andrew R. Dunlap, Yelena Konanova, on the brief, Kathleen M. Sullivan, Quinn Emanuel Urquhart & Sullivan LLP, New York, NY.
    for defendant: For Defendants-Appellants Nomura Holding America, Inc., Nomura Asset Acceptance Corporation, Nomura Home Equity Loan, Inc., Nomura Credit & Capital, Inc., Nomura Securities International, Inc., David Findlay, John McCarthy, John P. Graham, Nathan Gorin, and N. Dante LaRocca: Amanda F. Davidoff, Sullivan & Cromwell LLP, Washington, D.C.; Bruce E. Clark, Steven L. Holley, Adam R. Brebner, Owen R. Wolfe, Sullivan & Cromwell LLP, New York, NY, on the brief, David B. Tulchin, Sullivan & Cromwell LLP, New York, NY. For Defendant-Appellant RBS Securities, Inc.: Thomas C. Rice, Andrew T. Frankel, Alan C. Turner, Craig S. Waldman, Simpson Thacher & Bartlett LLP, New York, NY; Paul F. Rugani, Orrick, Herrington & Sutcliffe LLP, Seattle, WA; Daniel A. Rubens, Orrick, Herrington & Sutcliffe LLP, New York, NY; Kelsi Brown Corkran, Orrick, Herrington & Sutcliffe LLP, Washington, D.C., on the brief, E. Joshua Rosenkranz, Orrick, Herrington & Sutcliffe LLP, New York, NY. For Amici Curiae Securities Industry and Financial Markets Association and The Clearing House Association LLC, in support of defendants-appellants: Michael J. Dell, Kramer Levin Naftalis & Frankel LLP, New York, NY.

    Case Number: 15-1872-cv(L)

    Second Circuit Affirms Judgment in Fed Suit Over Housing Crisis-Era Secu