Manhattan, Bronx Courts Require Party Who Produces Discovery to Bear the Cost of Production

The New York Appellate Division, First Department, whose rulings are binding upon state courts in Manhattan and the Bronx, has ruled that the cost of producing discovery should be borne by the party who produces that discovery. The February 28 decision, U.S. Bank National Association v. Greenpoint M...
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New York Attorney General Sues Banking Giants Over Fraudulent Foreclosures

New York Attorney General Eric Schneiderman filed a lawsuit in a Brooklyn Supreme Court alleging that banking giants Bank of America, JP Morgan Chase, and Wells Fargo created and maintained a mortgage database and then used that information to institute defective foreclosure proceedings against home...
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Trial Update: Trial of Allen Stanford of Stanford Financial Group begins

The trial of R. Allen Stanford, a money manager and chairman of the now defunct Stanford Financial Group, began on Monday, January 23, 2012.  Stanford has been accused of running a $7.2 billion Ponzi scheme after being arrested in 2009 in Virginia.  As with most fraudulent Ponzi schemes, Stanford ...
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General Patent Corporation Sues Wi-Lan in the Wake of a Failed Acquisition

New York patent firm General Patent Corporation (“GPC”) is suing the Canadian Ottawa-based patent and licensing company Wi-Lan for fraud and misappropriation of confidential information. The claims allege that Wi-Lan faked an interest in acquiring GPC in order to gain access to its private trade...
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Breach of Fiduciary Duty: Faruqi & Faruqi, LLP Investigate the Buyout of Caliper Life Sciences, Inc

Faruqi & Faruqi, LLP, a national securities law firm based in New York City, has begun an investigation into the sale of Caliper Life Sciences, Inc. to PerkinElmer, Inc. The latter announced this past Thursday that it sought to acquire all of Caliper’s outstanding common stock for $10.50 per s...
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