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February 5, 2025 | New York Law Journal

'FTX' One Year Later: The Impact on Examiner Practice in Bankruptcy Courts

In November 2023, the Third Circuit issued a decision in ‘FTX Trading Ltd.’ that bankruptcy practitioners feared could have nationwide consequences for Chapter 11 proceedings. William Curtain and Chelsea McManus of Sidley Austin discuss the decision and its implications.

1 minute read

McLoughlin v. Cantor Fitzgerald, L.P.

Publication Date: 2024-12-17
Practice Area: Antitrust
Industry: Financial Services and Banking | Investments and Investment Advisory
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor P.A., Wilmington, DE; Velvel Freedman, Freedman Normand Friedland LLP, Miami, FL; Amos Friedland, Kyle W. Roche, Alex Potter, Stephen Lagos, Freedman Normand Friedland LLP, New York, NY for plaintiffs.
for defendant: C. Barr Flinn, Anne Shea Gaza, Robert M. Vrana, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Benjamin R. Nagin, Eric G. Hoffman, Sidley Austin LLP, New York, NY; Tacy F. Flint, Frank J. Favia, Jr., Sidley Austin LLP, Chicago, IL for defendants.
Case Number: 23-CV-256-CFC

Plaintiffs' antitrust claims failed where valid and enforceable non-compete provisions between employers and employees did not implicate antitrust concerns.

Doe v. Int'l Fin. Corp.

Publication Date: 2024-10-15
Practice Area: Class Actions
Industry: Financial Services and Banking | Agriculture
Court: U.S. District Court of Delaware
Judge: District Judge Fallon
Attorneys: For plaintiff: Misty A. Seemans, Office of the Public Defender, Wilmington, DE; Marco Simons, Richard Herz, Marissa Vahlsing, Bejamin Hoffman, EarthRights International, Washington, DC; Jonathan Kaufman, Law Office of Jonathan Kaufman, New York, NY; Judith Brown Chomsky, Law Offices of Judith Brown Chomsky, Elkins Park, PA for plaintiffs.
for defendant: Susan Hannigan Cohen, Travis S. Hunter, Alexandra M. Ewing, Richards, Layton & Finger, P.A., Wilmington, DE; Jeffrey T. Green, Green Law Chartered, Bethesda, MD; Marisa S. West, Sidley Austin LLP, Washington, DC for defendant.
Case Number: 17-1494-JFB-SRF

Court approved class action settlement on behalf of farmers where most of the settlement funds went to fund community programs for class members, who constituted economically disadvantaged farmers in developing countries.

June 20, 2024 | The American Lawyer

With 'Fractional' C-Suite Advisers, Midsize Firms Balance Expertise With Expense

While the fractional C-suite model may sound similar to the consulting model, these professionals focus on smaller firms and boast a more hands-on approach to their work

4 minute read

Bangladesh Bank v. Rizal Commercial Banking Corp.

Publication Date: 2024-03-08
Practice Area: Civil Procedure
Industry: Financial Services and Banking
Court: Appellate Division, First Department
Judge: Justice Bahaati E. Pitt-Burke
Attorneys: For plaintiff: For Respondent: Jesse R. Loffler and John J. Sullivan of counsel, Cozen O'Connor, New York.
for defendant: For Rizal Commercial Banking Corporation, Brigitte B. Capiña, Nestor O. Pineda, and Romualdo Agarrado, Appellants: Eamon P. Joyce, Tai-Heng Cheng, Melissa Colón-Bosolet, Melanie Berdecia, Tyler J. Domino and James R. Honer of counsel, Sidley Austin LLP, New York. For Lorenzo V. Tan, Raul Victor B. Tan, and Ismael S. Reyes, Appellants: Brian Kochisarli of counsel, The Kochisarli Law Firm, New York. For Kam Sin Wong, Appellant: John J.P. Howley of counsel, The Howley Law Firm P.C., New York.
Case Number: 652051/20

Trial Court Has Discretion to Deny Motion to Dismiss on Forum Non Conveniens Grounds

Cantor Fitzgerald, L.P. v. Ainslie

Publication Date: 2024-02-12
Practice Area: Contracts
Industry: Financial Services and Banking
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: C. Barr Flinn, Paul J. Loughman, Alberto E. Chávez, Skyler A. C. Speed, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; David A. Paul, Virginia J. Cardenas, Sid Nadkarni, Cantor Fitzgerald, New York, NY; Benjamin R. Nagin, Eric G. Hoffman, Sidley Austin LLP, New York, NY; Tacy F. Flint, Frank J. Favia, Jr., Sidley Austin LLP, Chicago, IL for appellant.
for defendant: Blake A. Bennett, Cooch & Taylor P.A., Wilmington, DE; Kyle W. Roche, Kyle Roche P.A., New York, NY; Velvel Freedman, Alex Potter, Freedman Normand Friedland LLP, New York, NY for appellees.
Case Number: 162, 2023

A "forfeiture-for-competition" provision in a partnership agreement did not qualify as a restraint on trade, and thus partners who had negotiated and benefitted from such a term would be held to the terms of their agreement due to the Delaware Revised Uniform Limited Partnership Act's express favor for the enforceability of contracts.

November 3, 2023 | New York Law Journal

Teaching an Old Bond New Tricks: Blockchain-Based Digital Bonds Are Reinvigorating the Global Bond Market: Part 2

Part two of a two-part series on how blockchain-based digital bonds are reinvigorating the global bond market. This part provides an overview of digital bonds and the growing digital bond market.

8 minute read

September 1, 2023 | Law.com

Ruling Against Robinhood Could Lead to Compliance Headaches: The Morning Minute

The news and analysis you need to start your day.

4 minute read

Bruce v. Citigroup Inc.

Publication Date: 2023-08-08
Practice Area: Bankruptcy | Creditors' and Debtors' Rights
Industry: Financial Services and Banking
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys: For plaintiff: For Plaintiff-Appellee: Adam R. Shaw, Jenna C. Smith, Boies Schiller Flexner LLP, Albany, NY; Charles Juntikka, Charles Juntikka & Associates LLP, New York, NY, on the brief, George F. Carpinello, Boies Schiller Flexner LLP, Albany, NY.
for defendant: For Defendants-Appellants: Benjamin R. Nagin, Jonathan W. Muenz, James R. Horner, on the brief, Eamon P. Joyce, Sidley Austin LLP, New York, NY. For Amici Curiae National Consumer Bankruptcy Rights Center; National Association of Consumer Bankruptcy Attorneys in Support of Plaintiff-Appellee: Robert J. Pfister, KTBS Law LLP, Los Angeles, CA.
Case Number: 22-100

Bankruptcy Court Cannot Adjudicate Nationwide Debtors' Contempt Claims Against Citi

September 13, 2022 | Daily Business Review

$25.5M in Attorney Fees—After Wading Through Millions of Pages of Documents

"Those U.S. consumers who enjoy salmon, and consumers generally, are today better off because of the court's approval of this settlement," said Chris Lebsock, co-lead counsel and a partner at Hausfeld.

4 minute read