New York

New York is in the middle of the pack, ranked 18th for lawsuit climate in America. 

New York at a Glance

NERA Study: Impact of Lawsuit Reform Get the Full Report
$4,320 Potential Tort Cost
Reduction ($1,000,000)
0.84% - 2.27% Potential Increase
in Employment

All Results for New York

In The News Today - March 4, 2015

March 04, 2015 | Insights

"Recent reports in the New York media paint the New York City Asbestos Litigation court and its former chief judge as essentially dirty," reports Legal Newsline," giving special treatment to a certain plaintiffs law firm and paving the way for hefty paydays." (Legal Newsline) Read More »

Tags: State Attorneys General, Class Actions, Asbestos, New York, Mississippi

Morgan Stanley Enters Settlement Talks with NY AG

March 04, 2015 | Insights

Reuters reports that Morgan Stanley has entered settlement talks with New York Attorney General Eric Schneiderman over its handling of subprime mortgage deals in the lead up to the 2008 financial crisis. Read More »

Tags: State Attorneys General, New York

In The News Today - March 3, 2015

March 03, 2015 | Insights

After agreeing to a $2.6 billion settlement with the federal government just last week, Morgan Stanley says it now expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds. (Boston Herald) Read More »

Tags: Class Actions, Telephone Consumer Protection Act (TCPA) , Georgia, Louisiana, New York

Retired NY Supreme Court Justice Replaced Amid Federal 'Silver Scandal' Probe

March 03, 2015 | Insights

Retired Manhattan Supreme Court Justice Sherry Klein Heitler is being succeeded by Justice Peter H. Moulton as federal prosecutors continue their probe into whether her court gave "red-carpet treatment" to civil-asbestos related cases connected to former Assembly Sheldon Silver's federal corruption case. Read More »

Tags: Class Actions, Asbestos, New York

In The News Today - February 27, 2015

February 27, 2015 | Insights

New York Attorney General Eric Schneiderman is seeking support for a proposal to offer rewards and protections for "whistle-blowers" who provide information about securities fraud if it generates penalties and fines exceeding $1 million. Read More »

Tags: Legal Ethics, New York, Nevada

WSJ Accuses Feds of "Prosecutorial Abuse," Urges Schneiderman to "Throw Out" Case Against Greenberg

February 20, 2015 | Insights

Last month, The Wall Street Journal editorial board criticized the U.S. Department of Justice for "prosecutorial abuse" for "hiding potentially exculpatory evidence involving former AIG CEO Hank Greenberg" that the feds wouldn't allow Greenberg to make public. Read More »

Tags: Lawsuit Abuse Impact, Legal Ethics, New York

In The News Today - February 20, 2015

February 20, 2015 | Insights

Investment firm Gray Financial Group Inc. has lodged a suit against the U.S. Securities and Exchange Commission in the latest of a wave of challenges against the body's use of administrative courts. Read More »

Tags: Telephone Consumer Protection Act (TCPA) , Legal Ethics, Asbestos, New York

Did 'Silver Arrest' Scrutiny Cause Judge to Slash Record Asbestos Payout?

February 13, 2015 | Insights

Since former New York Assembly Speaker Sheldon Silver's arrest, Manhattan Supreme Court Justice Joan Madden reportedly had "come under scrutiny for the sky-high damages that juries in her court have awarded to Weitz & Luxenberg clients." Read More »

Tags: Asbestos, Legal Ethics, New York

Crain's NY Highlights ILR's Efforts to Rein in Lawsuit Lenders

February 11, 2015 | Insights

"Is this a course we want to take in the U.S. for our civil justice system? Do we want it to become a profit-making entity for private hedge funds?" Read More »

Tags: Third Party Litigation Funding, Lawsuit Lending, New York

In The News Today - February 11, 2015

February 11, 2015 | Insights

A Hofstra University Law School professor hired by Weitz & Luxenberg apparently found that the law firm did "nothing wrong" regarding its relationship with former New York Assembly Speaker Sheldon Silver. Read More »

Tags: Asbestos, Legal Ethics, New York

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