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Stroock & Stroock & Lavan LLP
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By Howard Lavin, Elizabeth DiMichele
On March 7, 2019, the U.S. Department of Labor issued its long-awaited proposal to increase the salary threshold for employees to be classified as exempt from the minimum wage and overtime requirements of the federal FLSA.
By Jerry Goldfeder
If it were not for fusion voting — allowing a candidate to run on multiple lines and aggregating their vote totals — John F. Kennedy may not have been elected president in 1960.
By Joel Cohen, Dale Degenshein
Jussie Smollett, by all accounts a fine actor, has done the unthinkable. He went sobbingly on TV to present himself, especially to the intersectionality of African-Americans and LGBT individuals (he being both), as a defenseless victim.
By Dale Degenshein, Anita Rosenbloom
For many years, co-op and condo boards have been averse to allowing the purchase or transfer of apartments through trusts. Under these financial arrangements the trustor (or grantor) gives the trustee
By Quyen Truong
On February 6, 2019, the Bureau of Consumer Financial Protection (Bureau or CFPB) released a proposal to rescind the payday rule's requirements that lenders conduct a comprehensive
By Dale Degenshein
IN LOUIS ZAZZARINO vs. 13-21 East 22nd Street Residence Corp., a shareholder defaulted on a loan made by her bank. The bank held a non-judicial auction of the shares, as was its right ...
By Chris Griner, Anne W. Salladin, Shannon Reaves, Gregory Jaeger, Bibek R. Pandey, Erin Bruce Iacobucci
A little-noticed provision of new law, relating to the treatment of filings with the Committee on Foreign Investment in the United States during a U.S. federal government shutdown, has suddenly taken on significance.
By Anita Rosenbloom, Kevin Matz, Mayer Greenberg, Shifra Herzberg, Etta Brandman, Sharon B. Soloff
On December 20, 2017, Congress passed far-reaching changes to the Internal Revenue Code (the "2017 Tax Reform Act")[1] that provide significant estate planning opportunities.
By Ross F. Moskowitz, E. Gail Suchman, John Egnatios-Beene, Ashley Doukas, Eva C. Schneider
In April of last year, the New York City Council approved Local Law 91, establishing the Charter Revision Commission 2019 ("the Commission").
By Alex Cota, Lucas Charleston, Jeffrey Uffner, Elizabeth A. Loonam
The Financial Accounting Standards Board recently implemented two new rules under GAAP that may affect credit agreements, including the way a company calculates EBITDA and total liabilities when determining compliance with financial covenants.
By Micah Bloomfield, Michelle M. Jewett
This month the Treasury Department issued proposed regulations that affect many taxpayers making payments to foreign counterparties.
By Erez Gilad, Kenneth Pasquale, Jason Pierce
In a recent decision in the high-profile Momentive bankruptcy cases, the United States District Court for the Southern District of New York upheld the Bankruptcy Court's dismissal of an intercreditor action brought by senior debt holders against junior debt holders.
By Joseph Giminaro
The City of New York has finalized the real estate tax rates for tax year 2018/19, which began July 1, 2018 and will end June 30, 2019.
By Christopher Brewster, Chris Griner, Gregory Jaeger, Bibek R. Pandey
On November 27, the Treasury Department's Office of Foreign Assets Control ("OFAC") announced a settlement agreement with a Virginia-based global technology ...
By Christopher Brewster, Erin Bruce Iacobucci, Chris Griner, Gregory Jaeger, Bibek R. Pandey, Shannon Reaves, Anne W. Salladin
November 10, 2018 was the effective date for a new pilot program administered by the Committee on Foreign Investment in the United States ("CFIUS") ...
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