NY Swap Contract Ruling Means Defenses Hinge On ‘S-Word’ – Law360
NY Swap Contract Ruling Means Defenses Hinge On ‘S-Word’ – Law360
Investment pacts must explicitly bar actions tied to the products they govern to be invoked as a defense against common-law or statutory claims, New York’s top court ruled Tuesday, a decision experts say will send lawyers scrambling to make sure their financial industry clients’ no-suit clauses feature the crucial word ‘securities.’
Past President Vince Chang, partner at Wollmuth Maher & Deutsch LLP, is prominently quoted in Law360’s “NY Swap Contract Ruling Means Defenses Hinge on ’S-Word,’” by Pete Brush. Among other insights, Vince shared his opinon: "The absence of one word — literally one word — makes a big difference in how these things are litigated,“ said Wollmuth Maher & Deutsch LLP complex litigation partner Vincent Chang. "If you already are in litigation, you’d better check to see if [securities] is in there.” Click on the link to read more.
AABANY Joins KALCA in Congratulating Kevin Kim on his Appointment as New York State Liquor Authority Commissioner
KALCA has shared the news of Kevin Kim’s appointment as the first Asian American Commissioner of the New York State Liquor Authority. Kevin is a graduate of Columbia Law School, a former clerk for Hon. Denny Chin and was an associate at Davis Polk. AABANY joins KALCA in congratulating Commissioner Kim on his appointment. For the full press click here
NAPABA APPLAUDS APPOINTMENT OF SCOTT H. YUN TO THE U.S. BANKRUPTCY COURT FOR CENTRAL DISTRICT OF CALIFORNIA
WASHINGTON — On June 23, Scott H. Yun was sworn into office to the U.S. Bankruptcy Court for the Central District of California. Judge Yun will be the 5th Asian Pacific American to ever be appointed as a bankruptcy judge in U.S. history.
“We congratulate Judge Scott H. Yun on his appointment to U.S. Bankruptcy Court,” said William J. Simonitsch, president of the National Asian Pacific American Bar Association (NAPABA). “Judge Yun is highly qualified, and was selected from a very competitive field. As just the fourth sitting Asian Pacific American bankruptcy judge, his appointment is significant for Asian Pacific American bankruptcy practitioners and the Asian Pacific American legal community as a whole.”
Chief Judge Alex Kozinski of the U.S. Court of Appeals for the Ninth Circuit appointed Judge Yun to the court on June 20, 2014. Judge Yun will take the place of Judge Deborah J. Saltzman in the bankruptcy court’s Riverside division.
Prior to his appointment, Judge Yun was a shareholder at the law firm of Stutman, Treister & Glatt. Judge Yun also clerked for bankruptcy Judge Ernst M. Robles of the Central District of California. Judge Yun holds a B.A. from University of California, Los Angeles and a J.D. from the University of Southern California Gould School of Law.
SDNY BOARD OF JUDGES ADOPTS LOCAL RULE 83.10, A PLAN FOR CERTAIN § 1983 CASES AGAINST THE CITY OF NEW YORK
The Board of Judges of the United States District Court for the Southern District of New York has adopted Local Civil Rule 83.10, which governs how certain 1983 cases against the City of New York are managed.
Initially a pilot program implemented in 2011, the goal of the Local Rule is to improve the administration of justice by standardizing discovery and the dates of production, resulting in more material being produced earlier in the process so as to aid in the required early mediation or settlement conference. The 1983 Plan is responsible for the settlement of 70% of Plan-eligible cases in the first six months after the filing of a complaint.
The Board of Judges extended the pilot program in 2013, and it adopted the plan into the courts Local Rules after soliciting public feedback on the program. The rule will become effective upon approval by the Second Circuit Judicial Council. Prior to the revised rule taking effect, the public is invited to comment. Comments are to be submitted in writing on or at the close of business on Friday, July 20, 2014 to:
Edward A. Friedland
District Court Executive
U.S. District Court for the Southern District of New York
500 Pearl Street, Room 820
New York, NY 10007-1312
A complete version of the Plan and the codified Local Rule follows this notice and can be found at the court’s website at http://www.nysd.uscourts.gov.
From NYIC: GOT DACA? IT’S TIME TO RENEW!
- Everyone MUST renew!
- Send during the 5th month before your DACA expires
- Remember to use the NEW Form I-821D
- Don’t forget the Form I-765 and Form I-765WS
- Renewing your DACA will cost $465
WANT MORE INFORMATION?
Join the New York Immigration Coalition and the United States Citizenship and Immigration Services for an informational session in Manhattan!
When:
June 26th, 2014 – 6:00pm to 8:00pm
Where:
Community Church of New York
40 East 35th Street (between Madison and Park) New York, New York 10016
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On June 18, 2014, the Prosecutors’ Committee celebrated its 6th Annual Reception at the New York County Lawyers Association with over 100 state and local prosecutors, law enforcement partners, and friends. The Committee was pleased to honor two Asian American women trailblazers in law enforcement: Wen Ting Cheng, NY ICE Chief Counsel, US Department of Homeland Security and Belle Chen, Assistant Special Agent in Charge NY FBI, US Department of Justice. Congratulations to these extremely deserving recipients.
Some of the city’s best prosecutors and law enforcement agents gathered to honor their fellow colleagues. US Attorney Preet Bharara, Bronx District Attorney Robert Johnson, Richmond County District Attorney Daniel Donovan, New York County District Attorney Cyrus Vance, Special Narcotics Prosecutor Bridget Brennan and Queens Executive Assistant District Attorney Jesse Sligh also attended and delivered uplifting and inspiring remarks. Each speaker delved into the importance of having a diverse staff, one that reflected the community of which they had dedicated their lives to serving. We were also grateful that The Honorable Pamela Chen, The Honorable Doris Ling-Cohan and The Honorable Gilbert Hong were among the dignitaries to join us for this joyous occasion.
Thank you to Co-Chairs Rosemary Yu & Brian Lee, Monica Huang, Sabrina Thanse, and the rest of the Prosecutors’ Committee for organizing this wonderful event.