• Wells Fargo Bank v. Aegon USA Investment Mgmt. LLC

    Publication Date: 2021-08-31
    Practice Area: Contracts
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: Appellate Division, First Department
    Judge: Associate Justice Sallie Manzanet-Daniels
    Attorneys: For plaintiff: For Aegon USA Investment Management, LLC, BlackRock Financial Management, Inc., Cascade Investment, LLC, Federal Home Loan Bank of Atlanta, Federal Home Loan Mortgage Corp., Federal National Mortgage Association, Goldman Sachs Asset Mgmt L.P., Voya Investment Mgmt LLC, Invesco Advisers, Inc., Kore Advisors, L.P., Metropolitan Life Ins. Co., Pacific Investment Mgmt Company LLC, Teachers Ins. and Annuity Assoc. of America, TCW Group, Inc., Thrivent Financial for Lutherans and Western Asset Mgmt. Co. (the "Institutional Investors"), Appellants: Kenneth E. Warner of counsel, Warner Partners, P.C., New York, and David M. Sheeren of the bar of the State of Texas, admitted pro hac vice of counsel, Gibbs & Bruns LLP, Houston, TX. For American General Life Insurance Company, American Home Assurance Company, Lexington Insurance Company, National Union Fire Insurance Company of Pittsburgh, PA., The United States Life Insurance Company in the City of New York and The Variable Annuity Life Insurance Company (the "AIG Parties"), Appellants: Kevin S. Reed of counsel, Quinn Emanuel Urquhart & Sullivan, LLP, New York. For DW Partners LP and Ellington Management Group, L.L.C. (the "DW/Ellington Parties"), Appellants: David I. Greenberger of counsel, Bailey Duquette P.C., New York, and Isaac M. Gradman of the bar of the State of California, admitted pro hac vice of counsel, Perry Johnson Anderson Miller & Moskowitz LLP, Santa Rosa, CA. For Tilden Park Investment Master Fund LP, Tilden Park Management I LLC, and Tilden Park Capital Management LP (the "Tilden Park Parties"), Appellants: Jonathan L. Hochman and Anna Vinogradov of counsel, Schindler Cohen & Hochman LLP, New York, and Philip Bentley and Andrew Pollack of counsel, Kramer Levin Naftalis & Frankel LLP, New York.
    for defendant: For Ambac Assurance Corporation, Appellant: Henry J. Ricardo of counsel, Patterson Belknap Webb & Tyler LLP, New York. For Poetic Holdings VI LLC, Poetic Holdings VII LLC, and Prophet Mortgage Opportunities LP (the "Prophet and Poetic Parties"), Appellants: Felix J. Gilman and Donald W. Hawthorne of counsel, Axinn, Veltrop & Harkrider LLP, New York. For U.S. Bank N.A., solely in its capacity as NIM Trustee for the Poetic and Prophet Trusts and as NIM Trustee for the HBK Trusts, Appellant: Martin Gilmore and Sean Connery of counsel, Perkins Coie LLP, New York. For U.S. Bank N.A., solely in its capacity as NIM Trustee for the HBK Trusts (the "HBK Parties"), Appellant: Danielle L. Rose, Zachary D. Rosenbaum and Darryl G. Stein of counsel, Kobre & Kim LLP, New York. For Nover Ventures LLC, Respondent: Robert W. Scheef, Gayle R. Klein, David I. Schiefelbein and Steven R. Fisher of counsel, McKool Smith, P.C., New York. For D.E. Shaw Refraction Portfolios, L.L.C. ("D.E. Shaw"), Respondent: Charles R. Jacob III of counsel, Goulston & Storrs PC, New York, and Isaac M. Gradman of the bar of the State of California, Edward P. Allinson, of the bar of the State of California, admitted pro hac vice of counsel and Kristin A. Mattiske-Nicholls, Perry, Johnson, Anderson, Miller & Moskowitz LLP, Santa Rosa, CA. For Strategos Capital Management, LLC, Respondent: Mauricio A. España of counsel, Dechert LLP, New York. For Olifant Fund, Ltd., FFI Fund Ltd. and FYI Ltd. (the "Olifant Funds"), Respondents: Diana M. Conner and Peter W. Tomlinson of counsel, Patterson Belknap Webb & Tyler LLP, New York. For GMO Opportunistic Fund and GMO Global Real Return (the "GMO Parties"), Respondents: Joshua S. Sturm and Marie Killmond of counsel, Davis Polk & Wardwell LLP, New York. For Amicus Curiae: Maya D. Cater of counsel, Kleinberg, Kaplan, Wolff & Cohen, P.C., New York.

    Case Number: 657387/17

    Court Determines the Distribution of Global Settlement Payment by JPMorgan to Investors

  • Rogers v. Wilmington Trust Co.

    Publication Date: 2021-03-10
    Practice Area: Trusts and Estates
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff: David A. Felice, Bailey & Glasser, LLP, Wilmington, DE; T. Randolph Catanese, Doug R. Hume, David Y. Yoshida, Catanese & Wells, Westlake Village, CA for plaintiff.
    for defendant: Benjamin P. Chapple, Justin M. Forcier, Reed Smith LLP, Wilmington, DE; John M. McIntyre, Traci S. Rea, Reed Smith LLP, Pittsburgh, PA; Elizabeth J. Betta, M&T Bank, Buffalo, NY for defendant.

    Case Number: D69324

    The court denied relief to plaintiffs because they failed to prove that a previous trustee breached its fidu-ciary duty or engaged in any fraud.

  • Pursuit Partners, LLC v. Reed Smith, LLP

    Publication Date: 2020-06-22
    Practice Area: Deals and Transactions
    Industry: Investments and Investment Advisory | Legal Services
    Court: Connecticut Appellate Court
    Judge: Judge Moll
    Attorneys: For plaintiff:
    for defendant:

    Case Number: AC 41551

    Court Upheld Lower Court's Decision That Defendant Law Firm Was Not Bound To The Confidentiality Provision Of A Previous Settlement Agreement

  • January 7, 2020 | Legaltech News

    Ramping Up Ahead of Launch, Reynen Court Secures $3 Million Investment

    Reynen Court said the additional capital will help support its full launch as it prepares to reveal its metric-tracking and subscription management features.

    1 minute read

  • November 14, 2019 | Legaltech News

    Decreasing Spend May Underscore 'Zombie Company' Problem for Legal Tech

    There's concern that legal tech investments are keeping "zombie companies," and their indistinguishable legal tech products, afloat. Still, most don't see a market bubble, but instead expect more consolidation on the horizon.

    1 minute read

  • Gupta v. U.S.

    Publication Date: 2019-01-18
    Practice Area: Criminal Law | Securities Litigation | White Collar Crime
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Per Curiam
    Attorneys: For plaintiff: For Petitioner‐Appellant: David S. Frankel, Alan R. Friedman, Robin M. Wilcox, Elliot A. Smith, Kramer Levin Naftalis & Frankel, New York, New York, on the brief, Gary P. Naftalis, New York, New York
    for defendant: For Respondent‐Appellee: Preet Bharara, United States Attorney for the Southern District of New York, Margaret Garnett, Assistant United States Attorney, New York, New York, on the brief, Damian Williams, Assistant United States Attorney, New York, New York

    Case Number: 15-2707

    Denial of Securities Fraud Convictions' §2255 Vacatur Over Jury Instruction Is Affirmed

  • July 23, 2018 | Corporate Counsel

    Pennsylvania Investment Firm SEI Announces New General Counsel

    New GC Michael Peterson is a veteran of Reed Smith and Morgan Lewis. He'll replace Jeffrey Klauder in SEI's top legal role.

    1 minute read

  • June 25, 2018 | Legaltech News

    Seal Software Secures $30 Million in Latest AI Contract Market Investment

    The investment comes as law firms are stepping up their efforts to purchase equity in other AI contract review platforms.

    1 minute read

  • U.S. v. Bergstein

    Publication Date: 2018-06-04
    Practice Area: Criminal Law
    Industry: Investments and Investment Advisory
    Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
    Judge: District Judge P. Kevin Castel
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 16-cr-746

    Evidence Supports Finding Misrepresentations Were Made in Connection With Securities

  • Pursuit Partners, LLC v. Reed Smith, LLP

    Publication Date: 2018-04-16
    Practice Area: Contractual Disputes | Dispute Resolution | Law Firm Client Relationships
    Industry: Investments and Investment Advisory | Legal Services
    Court: Connecticut Superior Court, Stamford/Norwalk J.D., at Stamford
    Judge: Judge Povodator
    Attorneys: For plaintiff:
    for defendant:

    Case Number: CV15-5015213

    Counsel Not Bound by Agreement From Which Client Had Already Been Excused