The Trustee overseeing the liquidation under the Securities Investor Protection Act ("SIPA") of Lehman Brothers Inc. ("Lehman") in the U.S. and the Joint Administrator of Lehman Brothers International (Europe) ("LB Europe") in the U.K. have reached an agreement in principle to resolve $38 billion in asserted claims among Lehman, LB Europe and subsidiaries and affiliates.

Bankruptcy plans often include provisions releasing debtors and their officers and directors from certain potential liability.

In June we predicted that increased debt loads, declining advertising revenue and the continued growth of the Internet as a reliable source for news and information could force the print news publishing industry into one of the most difficult periods in its history

The economic downturn has led to a surge of actions for false patent marking. These lawsuits are largely brought by patent attorneys, either on their own behalf or on behalf of holding companies they form, to collect a bounty from patent owners on products with allegedly false patent markings.

On September 5, 2018, Chief United States District Judge Colleen McMahon (S.D.N.Y.) issued a decision denying Plaintiff GeigTech's motion for preliminary injunction in its patent and trade dress infringement suit against Defendant Lutron.

In a ruling in American Express Co. v. Italian Colors Restaurant, the Supreme Court reversed the Second Circuit and held that an arbitration provision that barred class actions was enforceable.

On September 8, 2008, the Internal Revenue Service issued temporary regulations that eliminate the advance ruling period for new Section 501(c)(3) organizations, thus simplifying the approval process for new organizations seeking to be classified as publicly supported charities.

As we previously reported, Capital One Financial Corporation announced in July 2019 a major data security breach when an individual gained unauthorized access to personal information about Capital One credit card customers.

In Accenture's 2018 State of Cyber Resilience for Banking & Capital Markets study, the consulting firm reported the rate at which cyber-attacks on banking and capital markets firms are successful dropped from 36 percent in 2017 to 15 percent in 2018.

The Act is generally applicable to not-for-profit corporations and wholly charitable trusts. Those are broad categories, so let's get more granular about it.

On March 2, 2021, in a rare en banc decision, United States v. Scott, the Second Circuit held in a divided 9-5 opinion that New York first-degree manslaughter...

On October 9, 2014, the Hong Kong Competition Commission and Communications Authority published draft guidelines under the Hong Kong Competition Ordinance.

The long trial in United States v. American Express has come to an end: on September 18, 2014, the parties exchanged post-trial briefing and on October 9, 2014, the court held oral argument.

Nippon Cargo Airlines Co. Ltd last week agreed to pay $36.55 million to settle claims that it conspired with other airlines to fix rates for air cargo services in the early 2000s.

The market the FTC defined in its complaint—sale and distribution of consumable office supplies to large, business-to-business customers—is distinct from the retail market for office supplies sold to consumers.

Earlier this year, we covered the Supreme Court's decision in North Carolina State Board of Dental Examiners v. FTC, which held that a state regulatory board composed of "active market participants" was not immune to federal antitrust laws unless the state "actively supervised" the board.

Last month, the Associated Presswas the first to report that the DOJ is investigating whether American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines have engaged in collusion.

New York City’s Earned Sick Time Act will go into effect for certain employers on April 1, 2014.

The repeal of the federal estate and generation skipping transfer ("GST") taxes, and the decrease in the federal gift tax rate, are scheduled to "sunset" on January 1, 2011, absent further Congressional action.

The IRS formally announced the Form 1023-EZ's introduction on July 1, 2014. Now that the form is live, we would like to highlight the key updated points.