• Brad Karp Named to 2016 Democratic National Convention Host Committee

    LitigationCorporateBankruptcyEmployee BenefitsReal EstateEntertainmentPersonal RepresentationTaxBrad S. Karp

    Firm chair Brad Karp has been selected to New York City Mayor Bill de Blasio's host committee for the 2016 Democratic National Convention. Among other responsibilities, the 101-member group, which includes JPMorgan Chase & Co. CEO Jamie Dimon and Goldman Sachs CEO Lloyd Blankfein, will help raise $100 million to host the event at the Barclays Center in Brooklyn. New York is competing with four other cities to host the event.

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  • VOLS Wins Unemployment Insurance Benefits for Pro Bono Client

    Pro BonoLitigation

    Paul, Weiss, through the Volunteers of Legal Service Unemployment Insurance Project, obtained unemployment insurance benefits for a client who was discharged after leaving work to go to the emergency room because of stress from learning that a person who had sexually harassed her, about whom she had complained to her employer numerous times, had entered her office building.

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  • Defamation Claim Against Hyperallergic Dismissed

    Pro BonoLitigationMedia & Entertainment

    Paul, Weiss achieved a significant victory for the art and culture website Hyperallergic and related defendants in a defamation case brought by Peter Paul Biro, who engages in art authentication work via fingerprint analysis. Justice Manuel J. Mendez of the New York State Supreme Court granted Hyperallergic's motion to dismiss in full for failure to state a cause of action. Biro, who previously sued The New Yorker and various re-publisher defendants in New York federal court over a 2010 New Yorker article concerning the practice of art authentication and Biro's fingerprint authentication work, alleged that an article on Hyperallergic, which referenced the New Yorker article as well as the federal court case, defamed him.

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  • BofA Prevails in Appeal of Class Action Settlement

    LitigationSecurities Litigation

    Paul, Weiss client Bank of America Corporation (BofA) and several of its directors and officers achieved a victory in the United States Court of Appeals for the Second Circuit. On appeal, the Second Circuit affirmed the decision by Judge P. Kevin Castel of the Southern District of New York approving BofA's $2.425 billion settlement of a consolidated class action asserting claims related to BofA's 2008 acquisition of Merrill Lynch & Co.

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  • Paramount Pictures Achieves Major Trial Victory

    LitigationSecurities Litigation

    As reported in The Wall Street Journal, The Hollywood Reporter and other media outlets, Paul, Weiss obtained a major trial victory for client Paramount Pictures. At the close of the plaintiffs' case on liability, Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York granted judgment dismissing all of the claims brought against Paramount Pictures by four investors - two insurance companies and two hedge funds - in a slate of Paramount films.

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  • iStar Wins Dismissal of Class Action Derivative Suit


    Paul, Weiss obtained a victory on behalf of the senior management of iStar Financial Inc., a real estate investment trust, when Judge Pamela White of the Baltimore City Circuit Court issued an order granting our motion to dismiss a putative class action on behalf of iStar shareholders. In the complaint, plaintiffs alleged that iStar had improperly modified financial awards granted to its senior management in 2011 after the company had failed to meet certain "performance-based" objectives, in purported violation of the company's long-term incentive plan.

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  • Paul, Weiss Obtains Unemployment Insurance Benefits for Pro Bono Client

    Pro BonoLitigation

    Paul, Weiss, through the Volunteers of Legal Service Unemployment Insurance Project, obtained unemployment insurance benefits for a client who was discharged because he allegedly missed a shift even though he was not scheduled to work on that day. Paul, Weiss took direct testimony from our client in a hearing before the New York State Unemployment Insurance Appeal Board, Administrative Law Judge (ALJ) Section.

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  • Paul, Weiss Obtains Dismissal of Derivative Lawsuits Against Morgan Stanley and Van Kampen

    LitigationSecurities Litigation

    Justice Marcy Friedman of the New York Supreme Court dismissed, with prejudice, two derivative suits alleging that Paul, Weiss clients Morgan Stanley Investment Advisers and Van Kampen Asset Management and their officers breached their fiduciary duties to investors and wasted corporate assets by causing seven closed end investment funds to redeem auction rate preferred securities at their liquidation value and to purchase tender option bonds and other debt securities to maintain the desired level of leverage in the funds.

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  • Paul, Weiss Obtains Civil Rights Settlement for Pro Bono Client

    LitigationPro Bono

    Paul, Weiss obtained a favorable settlement for a client who suffered serious injuries due to corrections officers' misconduct while he was an inmate at Rikers Island. Because of the settlement, the client will be able to afford the surgery he needs to partially repair his injured leg. Paul, Weiss conducted discovery and eventually obtained key video evidence that was not originally produced by defendants.

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  • Court of Appeal Affirms Summary Judgment Ruling for Citigroup


    The Florida Fifth District Court of Appeal affirmed Paul, Weiss client Citigroup's win of summary judgment on all of the claims asserted in Sungate Securities LLLP, et al. v. Citigroup Inc. The plaintiffs were investors in a feeder fund sponsored by Citigroup Alternative Investments that, in turn, invested in a fund managed by private equity manager Terra Firma.

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