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  • Partner Randall Fox quoted in Law360 article discussing newly-expanded New York tax whistleblower law signed by Governor Kathy Hochul
    05/03/2023 | Law360

    KM Partner Randall Fox is quoted in a Law360 article discussing the recent expansion of tax-related whistleblower cases under the New York False Claims Act, now allowing for cases to be brought against wealthy individuals and businesses that do not file New York tax returns and pay New York taxes they owe.  Previously, such non-filers could escape liability because the statute applied only where a whistleblower could point to specific false statements or records related to tax obligations.

    Fox described that the importance of the amendment is that it will lead to enforcement against non-filers who are notoriously difficult to find through the traditional audit process: “if tax audits are akin to finding a needle in a haystack, ‘here, you don’t even have a haystack.’”

  • Partner Randall Fox authors an article on NY’s correct treatment of the False Claims Act’s knowledge element, an issue now before the U.S. Supreme Court
    03/10/2023 | Law360

    KM partner Randall Fox has published an article in Law360 discussing how New York has already decided an important issue about the “knowledge” element of the False Claims Act that will be argued next month before the U.S. Supreme Court. In the Sprint case under the New York False Claims Act, New York’s high court ruled in 2015 that the knowledge element depends upon a defendant’s contemporaneous understanding of the applicable rules. In the cases now before the Supreme Court, the defendants are arguing that they can instead rely on interpretations asserted for the first time after the False Claims Act case was filed.

  • Partner Randall Fox quoted in Tax Notes article on Washington D.C. and New York tax whistleblower laws

    In a September article, KM partner Randall Fox is quoted sharing his expertise on tax whistleblower cases. Mr. Fox’s comments are included in an article in Tax Notes written by Andrea Muse regarding the first publicly-disclosed case filed under Washington D.C.’s False Claims Act (FCA).

  • Ponzi Schemes and Tips to Avoid Them
    08/10/2022 | Chicago Bar Association

    KM Partner and member of the CBA Record Editorial Board Anthony Fata discusses the mechanics of a Ponzi Scheme and how to steer clear of one.

  • Partner Randall Fox’s Whistleblower Case under the False Claims Act Results in Indictment of Long Island Doctor


    New York Attorney General Letitia James is pursuing criminal charges that were first brought to light by a False Claims Act lawsuit filed by Kirby McInerney partner Randall Fox on behalf of a whistleblower client against a Queens, New York radiologist and his company.

  • Decentralized vs Regulated: what is the cost to Bitcoin investors?
    07/06/2022 | FIDERAS Partners

    David Kovel commented to FIDERAS Partners regarding manipulation on cryptocurrency exchanges and the legal hurdles facing those who seek restitution despite their being "huge amounts of fraud…almost too much fraud to even address.”

  • Randall Fox Comments to Law360 Regarding Passage of Tax Whistleblower False Claims Act Expansion

    ​Partner Randall Fox discussed with Law360 New York lawmakers' recent passage of an amendment to the New York False Claims Act to close a loophole in the state’s tax whistleblower law by permitting actions against corporations and wealthy individuals who knowingly fail to file New York tax returns. 

  • Big Banks Are Accused Of CDS Market Manipulation Scheme
    07/02/2021 | Law360

    Major Wall Street banks have taken part in a more than decadelong, multibillion-dollar scheme to manipulate the benchmark prices used to value credit default swap contracts at settlement, New Mexico's State Investment Council has alleged in a new proposed antitrust class action.  

  • New York False Claims Act & Tax Whistleblower Podcast
    06/30/2021 | Fraud in America

    Did you know there is more than one False Claims Act? States all across the country passed their own versions, with some being even more robust than the original law!

    On today’s Fraud in America, we examined New York’s False Claims Act, which has a provision allowing whistleblowers to alert the state to tax frauds. Randy Fox and David Koenigsberg are two lawyers who’ve won big tax cases, recovering millions of dollars for the state. They discuss how the New York False Claims Act works, how these cases are different from typical False Claims Act cases, and whether this law could work at a federal level.

  • NY Lawmakers OK Expanding Tax Whistleblower Law
    06/10/2021 | Law360 Tax Authority

    The New York Legislature passed a bill that would expand the state's False Claims Act to hold taxpayers liable for failing to file state returns, as opposed to only for providing false records.

  • NY Panel OKs Bill To Expand Scope Of Tax Whistleblower Law
    04/27/2021 | Law360 Tax Authority

    A New York Senate committee advanced a bill that would expand the state's False Claims Act to hold taxpayers liable for failing to file state returns, as opposed to only for providing false records.

  • Md. Lawmakers OK Bill For IRS-Like Whistleblower Plan
    04/14/2021 | Law360

    Maryland residents who suspect tax fraud would be able to tip off the state tax agency and receive a monetary reward if the agency recovered money, in an IRS-like program approved by state lawmakers and sent to the state's governor.

  • Five Tax Whistleblowing Fallacies
    03/15/2021 | Bloomberg Tax

    In 2010, New York amended its False Claims Act to enable whistleblowers to sue individual and corporate defendants with a net income or sales exceeding $1 million that cheated on their taxes in excess of $350,000. Other states are considering similar legislation. Randall Fox of Kirby McInerney LLP debunks some common fallacies regarding the New York law.

  • New York’s Tax Cheat Haul Has States Eyeing Whistleblower Laws
    03/4/2021 | Bloomberg Tax

    New York’s record $105 million fraud settlement against a hedge fund billionaire is sparking renewed interest in aggressive state whistleblower laws to bust tax cheats and replenish coffers emptied by the pandemic.

  • Facilitating Tax Fraud? Sotheby's Faces New York False Claims Act Action
    12/23/2020 | Bloomberg Tax

    New York state is going after businesses that help their clients and customers avoid taxes using the state’s False Claims Act. The targets include such esteemed businesses as Sotheby’s and its wealthy clients. Randall Fox of Kirby McInerney tells how Sotheby’s allegedly ran afoul of the Act and explains how the state is pursuing facilitators of tax fraud.

  • Judge Consolidated JPMorgan Spoofing Suits, Taps Counsel
    10/09/2020 | Law360

    A New York federal judge on Friday consolidated seven proposed class actions alleging JPMorgan Chase has been illegally spoofing the futures market since 2009 and appointed Lowey Dannenberg PC and Kirby McInerney LLP as interim lead co-counsel.

  • Lowey, Kirby appointed lead counsel for JPMorgan treasury spoofing lawsuit

    A Manhattan federal judge appointed law firms Lowey Dannenberg and Kirby McInerney as lead counsel for proposed class action litigation accusing JP Morgan of deceptive trading in the treasury futures markets.  In his ruling, U.S. District Judge Paul Engelmayer cited the two firms’ experience litigating large commodities lawsuits, implicitly rejecting an argument by competitors Nussbaum Law Group (NLG) and Kessler Topaz Meltzer & Check that such an appointment would allow “repeat players” to dominate, which has been identified as a problem by some courts.

  • Legal Association Leader-Settles Obstruction Suit with Board
    05/01/2020 | Law360

    A Spanish attorney and officials with an international legal nonprofit told a D.C. federal court on Friday they struck a deal to settle claims that board members blocked him from assuming his duties as the organization's president after he was elected.

  • Investors’ $187M Big Bank Deals OK’d In Libor Rigging Case
    03/03/2020 | Law360

    The exchange-based investor class, represented by attorneys at Kirby McInerney LLP and Lovell Stewart Halebian Jacobson LLP, won initial approval of a $187 million settlement with Deutsche Bank, JPMorgan and five other big banks in a complex, multidistrict case claiming that the banks rigged the London Interbank Offered Rate benchmark.

  • California, Michigan, D.C. Eye Revenue From Tax Whistleblowers
    02/20/2020 | Bloomberg Tax

    Kirby McInerney Partner Randall Fox was quoted in this Bloomberg Tax article about tax-related false claims suits. California, Michigan, and the District of Columbia are considering bills that add tax code violations to the list of actionable frauds coming under their false claims laws. Mr. Fox notes that New York’s tax whistleblower law has resulted in “very stong and important cases.”

  • Roche Cyrulnik, Kirby, Robbins Geller Vie To Lead Bitcoin Suit
    02/10/2020 | Law360

    Kirby McInerney filed a response in support of interim lead counsel motion highlighting the firm’s experience and rigorous investigation regarding the direct impact on proposed class members in both the bitcoin and bitcoin related futures markets.

  • JP Morgan Whistleblower Case Tests Unclaimed Property Compliance
    02/09/2020 | FinOps Report

    Unclaimed property operations and compliance managers at US financial firms will soon find out that the task is more difficult than they thought should JP Morgan Chase lose its appeal of a New York civil court judge’s ruling about the bank’s required interest payment on unclaimed accounts reported late to New York State.

  • Chief Justice launches report on litigation funding and class actions
    01/31/2020 | Irish Legal News

    Kirby McInerney Partner Meghan Summers recently presented a report before the Chief Justice of Ireland. The report, which Ms. Summers co-authored, focuses on how class actions could be implemented in Ireland.

  • Antonopoulos Writes to Judge Vouching for Law Team Suing Bitfinex for BTC Manipulation
    01/29/2020 | Cointelegraph

    One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over alleged market manipulation leading to Bitcoin’s 2017 bull run. 

  • Roche Cyrulnik, Kirby McInerney Bid For Lead In Bitcoin Suit
    01/28/2020 | Law360

    Kirby McInerney filed a motion for interim lead counsel in the recently consolidated case in the Southern District of New York, highlighting the firm’s in-depth pre-filing investigation of market participants in consultation with experienced experts.

  • Quartet of Bitcoin Manipulation Cases Consolidated in SDNY
    01/27/2020 | Law360

    The Southern District of New York consolidated a case brought by Kirby McInerney and three others that all concern the manipulation of Bitcoin prices by cryptocurrency companies, costing investors hundreds of billions of dollars. 

  • Bitfinex, Tether manipulation lawsuit moves forward
    01/13/2020 | Coingeek

    If Bitfinex and Tether thought their problems would just fizzle out, they’re discovering that luck’s not on their side. According to an update provided by The Block, the two individuals behind a lawsuit accusing the duo of manipulating the price of Bitcoin have updated the suit and are pushing forward with their claims. The amended suit was entered only about a month after the plaintiffs had stated that they wouldn’t be making any changes.

  • Kirby McInerney Settles Moody’s Captive Fraud Case
    01/09/2020 | Captive International

    Moody’s has reached a settlement with New York-based law firm Kirby McInerney after it was accused of underpaying New York State and New York City business taxes between 2002 and 2014. Moody’s is alleged to have mischaracterised its income as premiums to its captive, Moody’s Assurance Company (MAC).

  • Tips for Japanese Companies When Responding to Discovery
    01/01/2020 | Kigyo Gaikyo

    Christopher Studebaker, Partner, and Yasuo Inada, Foreign Attorney, co-authored this article that provides a brief overview of discovery under federal law and outlines steps that the legal/IT departments in Japanese companies should undertake to ensure compliance with federal discovery obligations both before and during litigation.  The article is published (in Japanese) in a Japanese newspaper.

  • Recent Trends in U.S. Securities Litigation– ADR Litigation Risk
    Part II: ADR Cases Involving Japanese Companies
    11/06/2019 | Business Lawyers

    Christopher Studebaker, Partner, and Sawa Nagano, Of Counsel, co-authored this article discussing recent trends in ADR issuances and post-Morrison cases involving ADRs.  The article is published (in Japanese) in a leading Japanese legal news service.

  • Recent Trends in U.S. Securities Litigation– ADR Litigation Risk
    Part I: Overview of ADRs and Risks Related to Japanese Companies
    10/30/2019 | Business Lawyers

    Christopher Studebaker, Partner, and Sawa Nagano, Of Counsel, co-authored this article discussing recent trends in ADR issuances and post-Morrison cases involving ADRs.  The article is published (in Japanese) in a leading Japanese legal news service.

  • Firms Want $2M In Fees For Quantum Accounting Settlement
    10/11/2019 | Law360

    Kirby McInerney and Glancy Prongay & Murray asked a California federal court Thursday for roughly $2 million in fees for their efforts securing a tentative $8 million from data storage company Quantum Corp. to resolve a shareholder lawsuit over its accounting practices.

  • Treasure hunter helps companies, residents recover ‘lost’ money
    09/16/2019 | Crain’s New York Business

    Kirby McInerney Partner Randall Fox represents a whistleblower client in a case against JPMorgan Chase alleging that Chase held $60 million worth of unclaimed assets longer than it should have, depriving the state of about $12 million in interest income over roughly two years.

  • Kirby McInerney Achieves 3rd Circuit Victory Reviving State-Law Fraud Claims in Merck Opt-Outs
    09/12/2019 | Law360

    The Third Circuit on Thursday revived fraud claims brought under state law by investors that opted out of class actions involving Merck & Co. Inc.’s statements about cholesterol drugs. 

  • JPMorgan Must Defend Claim It Saved Millions on Abandoned Assets
    09/03/2019 | Bloomberg Law

    JPMorgan Chase & Co. could be on the hook for millions in unpaid interest and penalties for delaying transfers of unclaimed property to the state of New York following a first-of-a-kind state court ruling.

  • Cattle Price-Fixing Cases Consolidated in Minnesota
    07/11/2019 | Law360

    A Minnesota federal court ruled Wednesday that some of the country’s largest meatpacking companies, including Tyson and Cargill, will now face consolidated allegations of colluding to drive down prices of cattle used for beef production.

  • Philly And Citibank Resolve Libor-Rigging Claims in MDL
    06/26/2019 | Law360

    Up next on Judge Buchwald’s docket is the distribution agreement of $182 million worth of deals the exchange-based plaintiffs struck with Bank of America, Barclays, Citibank, Deutsche Bank, HSBC and JP Morgan.

  • Schwab, Investors Ask 2nd Circ. To Revive Libor Claims
    05/24/2019 | Law360

    Charles Schwab Corp. and investors in financial instruments tied to the London Interbank Offered Rate on Friday urged the Second Circuit to reinstate claims against a slew of banks over their alleged manipulation of the benchmark, arguing they have proper antitrust standing and that the litigation belongs in U.S. federal courts.

  • Citi, JPM Get Nod For $182.5M Euribor Settlement Payout
    05/17/2019 | Law360

    A Manhattan federal judge on Friday approved a $182.5 million settlement between JPMorgan Chase & Co., Citigroup and investors who accuse the two megabanks of rigging a key euro rate, signing off also on a roughly $36 million haul for plaintiffs’ firms that brought the antitrust class action.

  • Class-action lawsuit seeks damages for county ‘discriminatory conduct’ in tax assesment
    02/20/2019 | The Island Now

    Three Nassau residents have filed a class-action lawsuit against the county on behalf of non-white property owners who they contend were forced to bear the property tax burden of wealthier, white communities due to county policies beginning in 2010.  Kirby McInerney represents the plaintiffs.

  • Sprint To Pay NY $330M In Tax FCA Case, $63M For Tipster
    12/21/2018 | Law360

    Mobile giant Sprint Corp. will pay $330 million to resolve a New York False Claims Act suit that accused the company of shirking $100 million in state taxes, with almost $63 million of that sum going to a whistleblower, the state attorney general said Friday.

  • Spa Castle to fork over $2.5 million: AG
    08/30/2018 | Queens Chronicle

    Settling with the state, Spa Castle is going to pay $2.5 million in civil damages and criminal restitution over a tax fraud scheme, New York Attorney General Barbara Underwood and Acting Department of Taxation and Finance Commissioner Nonie Manion announced last Thursday.  “This is a case where tax cheaters would have stayed under the radar had it not been for a brave whistleblower reporting on the fraud,” Randall Fox of Kirby McInerney LLP, one of the two attorneys who represented the source.

  • 3rd Circuit rules banks can’t push clients out of FINRA arbitration, breaks with 2nd, 9th
    08/08/2018 | Reuters

    Kirby McInerney Partner Mark Strauss is quoted in this article about the Third Circuit’s recent decision that banks can’t push clients out of FINRA arbitration.

  • JP Morgan Can’t Duck FINRA Arbitration, 3rd Circuit Says
    08/07/2018 | Law360

    A Third Circuit panel ruled Tuesday that J.P. Morgan Securities must arbitrate a Pennsylvania health system’s claims over several pre-2008 auction rate securities offerings, finding the system hadn’t waived its right to arbitration before the Financial Industry Regulatory Authority by signing on to agreements with clauses pegging New York’s Southern District as the forum for any disputes.

  • The Erosion of American Pipe Tolling
    06/26/2018 | Law360

    Kirby McInerney Partner Meghan Summers authored an article published in Law360 about the erosion of American Pipe tolling of the statute of limitations.

  • Tax Qui Tams Reach Maturity
    03/07/2018 | Bloomberg Tax

    Thanks to 2010 amendments to New York’s False Claims Act, whistleblowers can receive incentive awards of 15 to 30 percent of the government's recovery for bringing actions — called “qui tam” actions — on behalf of the government to help recover tax monies lost by fraud.

  • Cigarette Kickbacks are Burning Small Distributors
    02/26/2018 | New York Post

    The suit was filed last week in Brooklyn state court by several small New York distributors of cigarettes and other candy store items — Amsterdam Tobacco, Donohue Candy, Kingston Candy, Mountain Candy and Sunrise Candy — claiming that bigger out-of-state distributors for years have been allegedly giving kickbacks to stores that buy cigarettes from them.

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