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24 Sep 2014, 12:19 pm by Law Lady
"A New York law firm sued a former partner Tuesday, contending that he billed a corporate client $2.3 million over an eight-year period for “nonexistent work on cases that had already been terminated and/or never existed. [read post]
26 Jul 2021, 4:47 am by Peter J. Sluka
Because the fair election of directors—especially in closely-held corporations—is critical to their orderly functioning, New York’s BCL § 619 authorizes the courts to entertain challenges to board elections, hear proofs, and confirm or deny them. [read post]
20 Mar 2023, 11:44 am by Tobin Admin
But in 2011, the New York Liquidation Bureau announced that, due to the hardship of the 2008 financial market collapse, there were no longer enough funds to continue paying all of the company’s annuities at full value. [read post]
28 Aug 2009, 12:37 pm
  From the New York Times: The Federal Deposit Insurance Corporation board on Wednesday imposed tough new restrictions on private equity firms seeking to buy failed institutions, although they eased more onerous proposals in hopes of luring them to the table. [read post]
19 Aug 2021, 12:21 pm by Law Lady
Torts -- Corporations -- Breach of fiduciary duty -- Conversion -- Aiding and abetting -- Dismissal -- Derivative action brought by one of two shareholders in closely-held corporation alleging that the other shareholder, with assistance from his family, froze plaintiff out of corporation and transferred corporate assets to a new competing entity -- Order dismissing complaint with prejudice for failure to state a cause of action is reversed -- Discussion… [read post]
15 Dec 2017, 4:52 am by Eric Turkewitz
New York’s largest medical malpractice insurance company is owned by its doctors. [read post]
29 May 2013, 1:46 am by Kevin LaCroix
” The authors review at length the 2011 opinion of the First Department of New York’s Appellate Division in XL Specialty Insurance Co. v. [read post]
18 Dec 2017, 6:38 am by Kaufman Dolowich Voluck
Marc Voses, partner in the Kaufman Dolowich and Voluck New York City office, wrote an article on cyber insurance trends which was published by PIA Magazine in the December 2017 issue. [read post]
23 Jul 2007, 11:02 am
It appears New York Gov Eliot Spitzer, who became famous for his no-holds-barred prosecution of alleged corporate misdeeds, is enmeshed in a mess of his own. [read post]
3 Nov 2010, 7:07 am by Joe Consumer
The secret corporate money dumped in the campaign against him and the barbarous, inaccurate ads they funded even led the New York Times to editorialize against those efforts. [read post]
3 Nov 2010, 7:07 am by Joe Consumer
The secret corporate money dumped in the campaign against him and the barbarous, inaccurate ads they funded even led the New York Times to editorialize against those efforts. [read post]
30 Apr 2013, 2:29 pm by Lisa Baird
  In 2000, the Appellate Division of the New York State Supreme Court also held that a patient was permitted to sue a health insurer whose records clerk wrongfully disclosed treatment information. [read post]
8 Sep 2009, 8:40 pm
The New York State Insurance Department (a "scrapbook" of related opinion) On September 24, 2007 the New York State Insurance Department issued an opinion in response to this author's questions concerning the manner in which Forge Consulting was advertising to NYSTLA (see background in link to September 28, 2007 blog post below). [read post]
27 Jul 2020, 11:54 am by Kevin LaCroix
  **************************   In recent weeks, The New York Times and the Wall Street Journal have each reported that the Coronavirus crisis may cause already teetering debt laden companies to seek bankruptcy protection in record numbers. [read post]
7 Jul 2022, 12:15 am
  According to the Tax Foundation, California ranks 48th in business tax climate (just ahead of New York and New Jersey). [read post]
26 Feb 2010, 5:00 am by Doug Cornelius
Says by Eric Dash in the New York Times After weathering the nation’s worst run of bank failures in nearly two decades, the Federal Deposit Insurance Corporation announced Tuesday that it had added 450 institutions to its list of challenged lenders in 2009 and warned that the industry was likely to remain under stress. [read post]
8 Aug 2014, 8:36 am by Shawn Ledingham
  In a recent speech given at the New York Stock Exchange, SEC Commissioner Luis A. [read post]