Judge Thomas Griesa, who was appointed by President Nixon and spent 45 years on the Southern District bench, passed away Sunday. For more, see coverage in the New York Daily News and Reuters.… Continue Reading
In an opinion today in the long-running Argentina bond litigation, Judge Griesa ruled that, subject to certain conditions, he would lift injunctions requiring that Argentina pay all debt ratably, including so-called “holdout” bondholders (see our prior post here). He did so because: “Put simply, President Macri’s election changed everything.” Specifically, Judge Griesa found that Argentina, unlike before, … Continue Reading
On Friday, as part of the long-running litigation against Argentina concerning its bond defaults, Judge Griesa granted injunctive relief to a series of follow-on (or “me too”) plaintiffs, along the same lines as the injunction entered for the lead plaintiffs in 2013. The injunction requires Argentina to treat the bondholders equally, or parri passu, with other external … Continue Reading
In an opinon issued yesterday, Judge Griesa reinstated state law fraud claims of investors in so-called Madoff “feeder funds” that he had previously dismissed under the Securities Litigation Uniform Standards Act (SLUSA). SLUSA bars large class actions brought under state law that allege “a misrepresentation or omission of a material fact in connection with the … Continue Reading
The Supreme Court today granted certiorari to review the legality of Aereo, a service that streams live broadcast television over the internet (with a slight delay). In July 2012, Judge Nathan denied the TV networks’ motion to preliminarily enjoin the service, and the Second Circuit affirmed in April 2013. Prior posts on the case are … Continue Reading
Emma Thompson and her husband, Greg Wise, wrote a screenplay about the love triangle between John Ruskin – an influential art critic of the Victorian era – his teenage bride, Euphemia (“Effie”) Gray, and John Everett Millais, Ruskin’s protégé. That screenplay has since been turned into a movie – Effie – starring Thompson, Wise, Dakota Fanning, … Continue Reading
