NYC Law & Legislation News
NY Secures $400M Sandoz Generic Drug Settlement
- NYC Law & Legislation News
- 4 hours ago
New York has joined a $400 million settlement with Sandoz Inc. and Fougera Pharmaceuticals stemming from multistate litigation over generic drug pricing. Attorney General Letitia James and a coalition of 47 other attorneys general alleged that pharmaceutical companies coordinated the supply and sale of generic drugs to inflate prices and reduce competition. Sandoz will pay approximately $320.6 million plus interest over seven years, bringing the total to $400 million, with funds designated for impacted consumers across participating states and territories. New Yorkers who purchased certain generic prescription drugs between May 2009 and December 2019 may qualify for compensation. The broader litigation against other generic drug manufacturers remains ongoing.
- NYC Law & Legislation News
- 4 hours ago
Cooley Expands NY Securities Litigation With Nicholas Caselli
- NYC Law & Legislation News
- 12 hours ago
Cooley has added Nicholas Caselli as a partner in its securities litigation and enforcement practice and global litigation department in New York. Caselli represents clients in securities class actions, shareholder derivative cases and M&A-related disputes, including matters involving technology and life sciences companies. The firm said his recruitment is part of its effort to expand its securities litigation capabilities in New York, building on a practice historically prominent on the West Coast. Caselli joins Cooley from Freshfields, where he practiced in New York. His arrival follows several other additions to Cooley's New York litigation team as the firm's global litigation department continues to expand.
- NYC Law & Legislation News
- 12 hours ago
NYC Click-to-Cancel Rule Takes Effect With $525 Fines
- NYC Affordability
- 1 day ago
New York City's Click-to-Cancel rule is now in effect, giving consumers new protections against businesses that make subscriptions difficult to cancel. The rule requires businesses offering qualifying automatic-renewal or continuous-service subscriptions to provide straightforward cancellation methods and clearly disclose subscription terms and consumer rights. Businesses that violate the requirements can face restitution and civil penalties starting at $525 per violation. The city has also launched an online portal where New Yorkers can report problems including difficult cancellations, undisclosed automatic renewals and subscription terms that were not clearly explained. City officials say New York City is the first municipality in the country to implement a Click-to-Cancel rule.
- NYC Affordability
- 1 day ago
Crowell & Moring Names NY’s Glen McGorty Next Chair
- NYC Law & Legislation News
- 1 day ago
Crowell & Moring has elected New York managing partner Glen McGorty as the next chair of the firm's Management Board, with his three-year term beginning March 1, 2027. McGorty will become the first chair in the firm's history to be based outside Washington, D.C. He currently serves on Crowell's Management Board and Executive Committee and chairs its Litigation and Trial Department. McGorty joined the firm in 2012 following nearly 15 years as a federal prosecutor and has led the expansion of Crowell's New York office. According to the firm, attorney headcount in the New York office has increased by nearly 50% during the past six years.
- NYC Law & Legislation News
- 1 day ago
Akin Adds Goldman Sachs Tech Lawyer in New York
- NYC Law & Legislation News
- 3 days ago
Akin has strengthened its New York corporate practice with the return of technology transactions lawyer Neil DuChez as a partner. DuChez most recently spent more than nine years at Goldman Sachs, where he served as Vice President and Senior Legal Director and advised on technology, data, artificial intelligence, intellectual property and commercial agreements. At Akin, his practice will include technology-enabled transactions, strategic partnerships, software and cloud agreements, AI and data analytics, payment technologies and technology issues connected to acquisitions and divestitures. The firm said the appointment expands its U.S.-based technology transactions capabilities as technology and data become increasingly important components of major corporate deals. DuChez previously worked at Akin as an intellectual property associate.
- NYC Law & Legislation News
- 3 days ago
Columbia Reports 32% Drop in Discrimination Filings
- NYC Education News
- 4 days ago
Columbia University reported a 32 percent decline in incident reports involving potential violations of its institutional equity policies during the 2025-26 academic year, according to newly released annual data. The University's Office of Institutional Equity documented 2,118 reports and 1,328 cases, with the number of cases declining 27 percent from the previous year. Columbia also identified 99 cases involving allegations of antisemitism, anti-Arab, anti-Muslim or anti-Palestinian discrimination and Islamophobia, representing a 67 percent year-over-year decrease. However, reports of sexual harassment increased from the prior year, while dating and domestic violence reports rose for a second consecutive year. A separate university report found relatively few potential conduct violations among thousands of campus events.
- NYC Education News
- 4 days ago
New York Sues Over $1.4B Offshore Wind Deals
- NYC Law & Legislation News
- 1 week ago
New York is leading a coalition of states in two federal lawsuits challenging $1.4 billion in federal agreements to cancel four planned offshore wind leases. The cases involve agreements with Bluepoint Wind and Invenergy, including projects off New York's coast that had been expected to connect to New York City's electric grid. State officials argue that the federal government improperly used money from the Judgment Fund to compensate the companies for abandoning the projects and are asking federal courts to void the lease cancellations. According to the New York Attorney General's office, the two canceled New York projects were projected to generate more than $16 billion in investment and create more than 2,800 jobs in the state.
- NYC Law & Legislation News
- 1 week ago
Paul, Weiss Adds Private Equity Team in New York
- NYC Law & Legislation News
- 1 week ago
Paul, Weiss is expanding its New York private equity practice with the addition of partner Christopher Machera and five other transactional lawyers. Machera has joined the firm's Private Equity M&A Group in New York, while Timothy Burns, Noah Beck, Amanda Rotkel, Andrew Lawson and Dylan Hans are expected to join in the coming weeks across private equity M&A, tax and executive compensation. The incoming team has worked on hundreds of transactions involving major investment firms including Blackstone, Brookfield, Goldman Sachs Asset Management, TPG and Warburg Pincus. The expansion adds to Paul, Weiss's private equity and mergers and acquisitions capabilities as the New York-based firm continues building its transactional practice.
- NYC Law & Legislation News
- 1 week ago
DoorDash Reaches $131.5M Settlement With NYC
- NYC Business News
- 1 week ago
DoorDash has reached a $131.5 million settlement with New York City following an investigation into payments to the company's delivery workers. More than $115 million will be distributed to over 260,000 workers who experienced underpayments, late payments or other minimum-pay violations, while more than $16 million will go toward civil penalties and costs. The agreement also establishes a three-year monitoring system requiring DoorDash to provide detailed monthly data to the city's Department of Consumer and Worker Protection. Workers will also be able to share trip and earnings information directly with the city through new technology being developed with outside partners. Eligible workers are expected to begin receiving settlement payments this fall.
- NYC Business News
- 1 week ago
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