Weekly News Update

weekly-news

* Lawyers licensed outside New York are finally allowed to engage in temporary law practice in the Empire State, thanks to a new court rule adopted December 10th. [Bloomberg]

*DraftKings and FanDuel will be allowed to operate in New York while the state’s appellate court rules on an injunction filed by the attorney general against the daily fantasy sports companies, according to court documents filed on Monday. [USA Today]

*The Supreme Court has declined to hear an appeal in a California lawsuit brought by artists including Chuck Close and the estate of Sam Francis against auction houses over resale royalties. Both sides are interpreting the results to weigh in their favor. [Artnet News]

*Steven Avery, the imprisoned Wisconsin man whose legal odyssey is depicted in the popular documentary series “Making a Murderer,” filed motions arguing that he was denied his right to a fair trial in the 2005 murder of a young woman. [NY Times]

*It turns out the decision 50 years ago to locate NY Law School in Manhattan’s Tribeca neighborhood might just bolster the institution’s finances for the future. The private school, founded in 1891, sold $139 million of tax-exempt debt through the Build NYC Resource Corp. on Tuesday at lower than initial yield levels, with investor demand more than four times the amount of securities sold. [Bloomberg]

*A civil trial has begun in New York to test the boundaries of hundreds of claims remaining against General Motors over faulty ignition switches. [CTV News]

*A rare Picasso sculpture, now on display at the Museum of Modern Art, is center stage in multi-million-dollar fight between two art world behemoths — with each claiming they are the rightful owner. [New York Post]