Kylie Marshall

December 22, 2023 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell reflects on the Tax Reform Act of 1969, as he has been doing in recent years during the month of December, and shares a memory associated with the subject.

By Conrad Teitell

2 minute read

December 22, 2023 | New York Law Journal

If you do a lot of business with financial institutions, banks and law firms, you are probably routinely warned about the risks of wire transfers. This article will discuss recommended steps to help avoid your wire transfer from being the target of the unscrupulous, as well as current case law illuminating some issues in the litigation of misdirected and purloined wire transfers.

By Peter A. Crusco

8 minute read

December 21, 2023 | New York Law Journal

The victorious plaintiffs in 'Hoffmann v. New York State Independent Redistricting Commission' are counting on new lines to help Democratic congressional candidates in next year's election to make Rep. Hakeem Jeffries (D-NY) Speaker of the House of Representatives.

By Jerry H. Goldfeder

5 minute read

December 21, 2023 | New York Law Journal

The Southern District of New York issued an unprecedented sanctions order in 'Mata v. Avianca', arising from counsel's citations to fictional cases fabricated by a ChatGPT chatbot. This article discusses (i) the Avianca sanctions order; (ii) the limitations of generative artificial intelligence (AI) for litigation use; (iii) the danger of AI "hallucinations"; and (iv) ethical and practical considerations for attorneys using generative AI tools.

By Siddartha Rao and Andrew Ramstad

13 minute read

December 20, 2023 | New York Law Journal

Under some circumstances, sellers of stock of a corporation may be liable as transferees for corporate obligations arising before or in connection with the closing. In 'Dillon Trust Co. v. United States', the Court of Federal Claims concluded that the sellers of the stock of two corporations were liable for tax obligations of the corporations attributable to sales of assets for notes prior to the closing of the stock sale.

By David E. Kahen and Elliot Pisem

9 minute read

December 20, 2023 | New York Law Journal

Children aged 13 and under can log in to social media by lying about their age or pretending to be an adult; yet, social media contains vast quantities of content that is inappropriate for very young users. In his Privacy Matters column, Peter Brown discusses how and why 33 states acted together to file a massive litigation against Meta to protect the children in their respective states.

By Peter Brown

9 minute read

December 20, 2023 | New York Law Journal

In his Foreign Relations Law column, Samuel Estreicher discusses two cases out of the Southern District of New York, in which the court entered a judgment of $16.1 billion in damages against Argentina (one of the largest—if not the largest—judgments in the court's history) relating to conduct occurring nearly entirely outside the United States.

By Samuel Estreicher

6 minute read

December 19, 2023 | New York Law Journal

The statute that governs arbitrations seated in England is in the process of being amended, with the U.K. government having a new Arbitration Bill into parliament in November 2023. In this article, John Fellas discusses one amendment, of which it is important that practitioners in other countries are aware.

By John Fellas

12 minute read

December 19, 2023 | New York Law Journal

The New York Court of Appeals released 18 opinions in November, the most in a single month in more than four years. One such opinion was 'People v. Cuencas' , in which the Court of Appeals considered whether the police had a reasonable basis to believe that a third party provided consent to enter a premises where the police found and arrested the defendants without a warrant.

By Linton Mann III and William T. Russell Jr.

10 minute read

December 18, 2023 | New York Law Journal

A 2021 survey by Common Sense Media found that 88% of children between the ages of 13 and 18 had their own smartphone and 57% of children between the ages of 8 and 12 had their own tablet. The survey results caught the attention of the FTC, which actively enforces the Children's Online Privacy Protection Rule. The FTC now has issued a staff report, "Protecting Kids from Stealth Advertising in Digital Media", based on what it learned from its October workshop on the topic.

By Amanda R. Griner and Deborah M. Isaacson

9 minute read