The federal appeals court ruled that there was a "compelling government interest in security" around the Madison Square Garden convention site.
BANKRUPTCY – U.S. Dep’t of the Treasury v. Official Comm. of Unsecured Creditors of Motors Liquidation Co.
OPINION – An action by the old General Motors Corp.’s unsecured creditors committee seeking an order declaring that the government lenders that provided debtor-in-possession financing had no right to proceeds hypothetically resulting from potential avoidance claims is not ripe for adjudication until the avoidance claims are decided, a federal judge has ruled.
New York Decision Roundup - August 3, 2012
This daily roundup provides links to summaries of the latest New York state and federal court decisions.
TORTS – In re Terrorist Attacks on Sept. 11, 2001
REPORT AND RECOMMENDATION – The Magistrate Judge recommends economic damages for listed individuals, and recommends damages for loss of solatium in the amounts of: $12,500,000 for loss of a spouse, $8,500,000 for loss of a parent, $8,500,000 for loss of a child and $4,250,000 for loss of a sibling. (S.D.N.Y.)
The money will be paid to 73 firms that reportedly spent almost 200,000 hours litigating the antitrust action.
The 2nd Circuit found that a lower court wrongly denied Finbar McGarry a chance to argue that he was forced, against his will and under threat, to work in a prison laundry.
The exchange says it's cooperating with an investigation by the Securities and Exchange Commission into problems during the $16 billion IPO.
Rejecting a "very broad request" for records of proposed settlement negotiations, Justice Barbara Kapnick said investors should look to witness testimony instead.
Long Island police had reasonable cause to pull over a defendant sitting in a car at a red light after seeing him with what they suspected was marijuana, a New York appeals court ruled.
Pamela Ki Mai Chen, if confirmed, would be the second female Chinese-American judge in U.S. history, and one of the first openly gay women on the federal bench.
The 2nd Circuit threw out the convictions of six people accused of conspiring to misuse company speaker systems for insider trading, ruling that prosecutors withheld evidence.
The group, all of whom worked with the firm's longtime client British American Tobacco, includes the litigation department head Thomas Riley.
After a $440 million trading loss, the company has "about 48 hours to shore up confidence," according to an industry advocate.
Trevor Murray, who filed a whistle-blower suit, is seeking reinstatement and two times the amount of back-pay that the firm allegedly owes him.
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