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 30, 2015

March 30, 2015 | Insights

The Wall Street Journal editorial board writes that U.S. Attorney for the Southern District of New York, Preet Bharara, is being sued by financier David Ganek "for destroying his business and depriving him of due process and other constitutional rights." Writing that Bharara isn't the "first ambitious prosecutor to abuse his discretion," the editorial board hopefully notes the case could become "a referendum on Mr. Bharara's methods and ethics in his campaign against alleged insider trading." (Wall Street Journal) Read More »

Tags: Legal Ethics, Class Actions Around the Globe, Class Actions, New York

In the News Today - March 27, 2015

March 27, 2015 | Insights

New York attorneys general Eliot Spitzer and Eric Schneiderman "sat on potentially exculpatory evidence" in their case against former AIG CEO Hank Greenberg, writes The Wall Street Journal editorial page, calling the long-running lawsuit a "political case to win headlines and should be dismissed as a first step toward reform of the AG's office." (Wall Street Journal) Read More »

Tags: New York

In the News Today - March 20, 2015

March 20, 2015 | Insights

In a case in which lawsuits were brought by multiple regulators - including the U.S. Attorney, the New York Attorney General, the SEC and the U.S. Labor Department - Bank of New York Mellon Corp. has agreed to a $714 million settlement related to foreign exchange allegations. (Crain's New York) Read More »

Tags: New York

In the News Today - March 16, 2015

March 16, 2015 | Insights

The U.S. Department of Justice is seeking approximately $1 billion each from global banks on allegations of currency manipulation. This comes a year after the DoJ extracted $4.4 billion in settlements over foreign exchange allegations. (Reuters) Read More »

Tags: New York

Report: Weitz & Luxenberg Sits on 15 Bankruptcy Trust Advisory Committees

March 16, 2015 | Insights

"A fox guarding the hen house" is how Measley's Asbestos Bankruptcy Report describes the fact that the Weitz & Luxenberg plaintiffs' firm "sits on 15 advisory committees for trusts set up by bankrupt companies to compensate victims." Read More »

Tags: Asbestos, 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

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