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Court Upholds $8.5B Bank of America RMBS Settlement

By Ben Bedell |

The First Department delivered a resounding victory Thursday to institutional investors who backed an $8.5 billion settlement of claims against Bank of America stemming from the 2008 mortgage crisis.

26-38 21st St., Astoria, NY

Building Buyer May Proceed With Claims Against Seller

By Ben Bedell |

Applying the "special facts" doctrine, a divided four-judge panel of the First Department affirmed a ruling that rejected the dismissal of a property case where the buyer claimed the seller hid substantial defects in a 115-unit apartment building.

The Appellate Division, First Department, at 27 Madison Ave.

Panel Reverses Law Firm's Disqualification

By Ben Bedell |

Although it was uncontested that an attorney for the lead plaintiff in a Commercial Division case had represented the defendant in a prior matter, the First Department said the two matters were not substantially related.

Martha Stewart branded merchandise in Macy's department store

Panel Finds for Macy's in Dispute With J.C. Penney

By Ben Bedell |

Macy's three-year-long lawsuit aimed at extracting damages from its leading competitor, J.C. Penney, for tortious interference with Macy's contract with Martha Stewart Living Omnimedia garnered a victory Thursday from a unanimous panel of the First Department.


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