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  • Saba Capital CEF Opportunities 1 LLC v. Nuveen Floating Rate Income Fund

    Publication Date: 2023-12-08
    Practice Area: Securities Litigation
    Industry: Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard C. Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellees: Jacob W. Buchdahl, Susman Godfrey LLP, New York, NY, on the brief, Mark P. Musico, Susman Godfrey LLP, New York, NY.
    for defendant: For Defendants-Appellants Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, and Nuveen Senior Income Fund: Parker Rider-Longmaid, Kyser Blakely, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC; Scott Musoff, Boris Bershteyn, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY; Eben Colby, Emily Jennings, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, on the Brief, Shay Dvoretzky, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC. For Defendants-Appellants Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff, Robert L. Young, and Matthew Thornton III, in their capacity as Trustees of the Nuveen Trusts: Robert A. Skinner, Douglas Hallward-Driemeier, Amy D. Roy, Ropes & Gray LLP, Boston, MA. For Amicus Curiae The Investment Company Institute in Support of Defendants-Appellants: Susan Olson, Dorothy Donohue, Kenneth Fang, The Investment Company Institute, Washington, DC; Steven A. Engel, David A. Kotler, Michael H. McGinley, Dechert LLP, New York, NY. For Amicus Curiae Bulldog Investors, LLP in Support of Plaintiffs-Appellees: Aaron T. Morris, Andrew W. Robertson, Morris Kandinov LLP, New York, NY.
    Case Number: 22-407

    Firm's Bylaws Amendment Violates ICA as Restriction on Shareholders, Not on Shares

  • State of New York v. Raimondo

    Publication Date: 2023-10-19
    Practice Area: Administrative Law | Energy and Natural Resources | Environmental Law
    Industry: Federal Government | Mining and Resources
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard C. Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellants: Barbara D. Underwood, Solicitor General, Judith N. Vale, Deputy Solicitor General, on the brief, Stephen J. Yanni, Assistant Solicitor General, for Letitia James, Attorney General of the State of New York, New York, NY.
    for defendant: For Defendants-Appellees: Benjamin H. Torrance, Assistant United States Attorney, on the brief, Lucas Issacharoff, Assistant United States Attorney, for Damian Williams, United States Attorney for the Southern District of New York, New York, NY. For Amicus Curiae Suffolk County: Hope Senzer Gabor, Assistant County Attorney, for Dennis M. Cohen, Suffolk County Attorney, Suffolk, NY.
    Case Number: 22-1189

    2020 Summer Flounder Quota Rules Partly Based on Shifted Location of Fish

  • Arkansas Teacher Ret. Sys. v. Goldman Sachs Group Inc.

    Publication Date: 2023-08-23
    Practice Area: Class Actions
    Industry:
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard C. Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellees: Kevin K. Russell, Goldstein & Russell, P.C., Bethesda, MD; Spencer A. Burkholz, Joseph D. Daley, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Thomas A. Dubbs, James W. Johnson, Michael H. Rogers, Irina Vasilchenko, Labaton Sucharow LLP, New York, NY, on the brief, Thomas C. Goldstein, Goldstein & Russell, P.C., Bethesda, MD. For Defendants-Appellants: Richard H. Klapper, David M.J. Rein, Benjamin R. Walker, Julia A. Malkina, Jacob E. Cohen, Sullivan & Cromwell LLP, New York, NY; Morgan L. Ratner, Sullivan & Cromwell LLP, Washington, D.C., on the brief, Robert J. Giuffra, Jr., Sullivan & Cromwell LLP, New York, NY. For Defendants-Appellants: Audra J. Soloway, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, on the brief, Kannon K. Shanmugam, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Washington D.C. For Amicus Curiae Former United States Securities and Exchange Commission Officials and Law Professors in Support of Defendants-Appellants: Todd G. Cosenza, Willkie Farr & Gallagher LLP, New York, NY.
    for defendant: For Amicus Curiae Economic Scholars in Support of Defendants-Appellants: Victor L. Hou, Jared Gerber, on the brief, Carmine D. Boccuzzi, Jr., Cleary Gottlieb Steen & Hamilton LLP, New York, NY. For Amicus Curiae Securities Industry and Financial Markets Association, Bank Policy Institute, American Bankers Association, Chamber of Commerce of the United States of America, American Property Casualty Insurance Association in Support of Defendants-Appellants: Craig S. Waldman, Joshua C. Polster, Daniel H. Owsley, Simpson Thacher & Bartlett LLP, New York, NY; Ira D. Hammerman, Kevin Carroll, Securities Industry and Financial Markets Association, Washington, D.C.; Thomas Pinder, American Bankers Association, Washington, D.C.; Gregg Rozansky, Bank Policy Institute, Washington, D.C.; Tyler S. Badgley, U.S. Chamber Litigation Center, Washington, D.C.; Kenneth Stoller, American Property Casualty Insurance Association, Washington, D.C., on the brief, Jonathan K. Youngwood, Simpson Thacher & Bartlett LLP, New York, NY. For Amicus Curiae Society for Corporate Governance in Support of Defendants-Appellants: Jeremy C. Marwell, James T. Dawson, Vinson & Elkins LLP, Washington, D.C.; Darla C. Stuckey, Randi V. Morrison, Society for Corporate Governance, New York, NY, on the brief, Christopher E. Duffy, Vinson & Elkins LLP, New York, NY. For Amicus Curiae Washington Legal Foundation in Support of Defendants-Appellants: George Anhang, Shearman & Sterling LLP, Washington, D.C.; William Marsh, Shearman & Sterling LLP, Dallas, TX; Cory L. Andrews, John M. Masslon II, Washington Legal Foundation, Washington, D.C., on the brief, Lyle Roberts, Shearman & Sterling LLP, Washington, D.C. For Amicus Curiae Financial Economists in Support of Plaintiffs-Appellees: Jeremy Lieberman, Emma Gilmore, Pomerantz LLP, New York, NY; Andrew L. Zivitz, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Stacey M. Kaplan, Kessler Topaz Meltzer & Check, LLP, San Fransisco, CA, on the brief, Ernest A. Young, Apex, NC. For Amicus Curiae Securities Law Scholars in Support of Plaintiffs-Appellees: Linnet R. Davis-Stermitz, Gupta Wessler PLLC, Washington, D.C.; Salvatore J. Graziano, Jai K. Chandrasekhar, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Joseph E. White, III, Saxena White P.A., Boca Raton, FL, on the brief, Deepak Gupta, Gupta Wessler PLLC, Washington, D.C. For Amicus Curiae Better Markets, Inc. in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C. For Amicus Curiae Former SEC Officials in Support of Plaintiffs-Appellees: John Paul Schnapper-Casteras, Schnapper-Casteras PLLC, Washington, D.C.; Daniel P. Chiplock, Lieff Cabraser Heimann & Bernstein, LLP, New York, NY, on the brief, Carolyn E. Shapiro, Schnapper-Casteras PLLC, Washington, D.C.
    Case Number: 22-484

    Misrepresentations Did Not Impact Stock Price; Shareholder Class Decertified

  • U.S. v. Greebel

    Publication Date: 2022-08-31
    Practice Area: Criminal Law | White Collar Crime
    Industry:
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Appellee: Varuni Nelson, Rachel G. Balaban, Beth P. Schwartz, on the brief, Thomas R. Price, Assistant United States Attorney, for Breon Peace, United States Attorney for the Eastern District of New York, Brooklyn, New York.
    for defendant: For Defendant-Appellant: Reed Brodsky, Gibson, Dunn & Crutcher LLP, New York, NY.
    Case Number: 21-993

    Notwithstanding ERISA Provision MVRA Authorized Garnishment of 401(k) Retirement Funds

  • Grajales v. Comm'r of Internal Revenue

    Publication Date: 2022-08-30
    Practice Area: Tax
    Industry: Federal Government
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiff-Appellant: Phillip J. Colastano and Andrew D. Lendrum, Agostino & Associates, P.C., on the brief, Frank Agostino, Agostino & Associates, P.C., Hackensack, NJ.
    for defendant: For Defendant-Appellee: David A. Hubbert and Jacob Christensen, Department of Justice, Tax Division, on the brief, Pooja A. Boisture, Department of Justice, Tax Division, Washington, D.C.
    Case Number: 21-1420

    Borrower Is Liable Under 10 Percent 'Exaction' Deemed a Tax, Not a Penalty, Under Tax Code

  • Mochary v. Bergstein

    Publication Date: 2022-08-02
    Practice Area: Civil Procedure
    Industry:
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiff-Appellant: Zachary J. Phillipps, Wofsey, Rosen, Kweskin & Kuriansky, LLP, Stamford, CT, on the brief, Steven M. Frederick, Wofsey, Rosen, Kweskin & Kuriansky, LLP, Stamford, CT.
    for defendant: For Defendant-Appellee: Howard K. Levine, Carmody Torrance Sandak & Hennessey LLP, New Haven, CT.
    Case Number: 21-1972

    'Colorado River' Abstention Vacated; Replevin, Divorce Actions Not Concurrent, Parallel

  • D.S. v. Trumbull Bd. of Educ.

    Publication Date: 2020-09-23
    Practice Area: Education Law
    Industry: Education
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiff-Appellant: Mark Sargent, Westport, CT; Richard C. Pepperman II, James J. Browne, Sullivan & Cromwell LLP, New York, NY, on the brief, Leonid Traps, Sullivan & Cromwell LLP, New York, NY.
    for defendant: For Defendant-Appellee: Ryan P. Driscoll, Berchem Moses PC, Milford, CT. For Amici Curiae Connecticut Associations of Boards of Education, National School Boards Association, and New York State School Boards Association, Inc. in support of Defendant-Appellee: Rebecca Adams Rieder, Connecticut Association of Boards of Education, Wethersfield, CT. For Amici Curiae Advocates for Children of New York, Legal Services, New York City, Mobilization for Justice, Inc., New York Lawyers for the Public Interest, and New York Legal Assistance Group in support of Plaintiff-Appellant: Alan E. Schoenfeld, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY. For Amici Curiae Council of Parent Attorneys and Advocates, Inc., National Disability Rights Network, and Disability Rights Connecticut in support of Plaintiff-Appellant: Catherine Merino Reisman, Selene Almanzan-Altobelli, Council of Parent Attorneys and Advocates, Inc., Towson, MD; Andrew Feinstein, Mystic, CT, on the brief, Ellen Saideman, Law Office of Ellen Saideman, Barrington, RI.
    Case Number: 19-644

    FBA Not 'Evaluation' Under IDEA; Dissatisfaction With FBA Does Not Entitle Parents to IEE

  • Setzer v. Omega Healthcare Investors Inc.

    Publication Date: 2020-08-07
    Practice Area: REITS | Securities Litigation
    Industry: Health Care | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiffs-Appellants: David Dean, on the brief, Jacob A. Goldberg, The Rosen Law Firm, P.A., Jenkintown, PA.
    for defendant: For Defendants-Appellees: Heather S. Goldman, on the brief, Eric Rieder, Bryan Cave Leighton Paisner, LLP, New York, NY.
    Case Number: 19-1905

    Omega's Failure to Disclose Loan Renders Statements of Orianna's Performance Misleading

  • Bascun v. Elsaca

    Publication Date: 2019-06-19
    Practice Area: White Collar Crime
    Industry: Financial Services and Banking
    Court: U.S. Court of Appeals for the Second Circuit
    Judge: Circuit Judge Richard Wesley
    Attorneys: For plaintiff: For Plaintiffs‐Appellants: Jesse T. Conan, on the brief, Robin L. Alperstein, Becker, Glynn, Muffly, Chassin & Hosinski LLP, New York, NY.
    for defendant: For Defendants‐Appellees: Jennifer M. Selendy, on the brief, David S. Flugman, Selendy & Gay PLLC, New York, NY.
    Case Number: 18-2731

    Only One Fraud Scheme Is Extraterritorial in Civil RICO Action Between Chilean Nationals

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

    Publication Date: 2017-10-02
    Practice Area: Civil Appeals | Securities Litigation | Litigators
    Industry:
    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