New York Law Journal | Analysis
By John Coffee | July 17, 2024
Everyone realizes that a Trump victory will likely trigger major reversals in securities regulation and SEC policies. In particular, the SEC's much discussed and much litigated climate disclosure rules may be abandoned by a Trump SEC. Alternatively, enforcement actions may just not be brought.
New York Law Journal | Analysis
By Jeremy H. Temkin | July 17, 2024
On July 1, 2024, the Supreme Court concluded its October 2023 Term. While the term will probably be best known for the presidential immunity decision, the court decided two cases addressing tax issues, and one non-tax case that will reduce the deference courts give the IRS's statutory interpretations and therefore will impact tax controversies for years to come.
New York Law Journal | Analysis
By Sandra Holtzman, David A. Kalow and Paula McConnell | July 17, 2024
Because AI is rapidly changing, it must be addressed from a risk perspective, as a new, but significant, demand for both policy and oversight. When ignored, AI will present one of the largest risks an organization can encounter. Preparing for and having a process for ongoing risk mitigation is a crucial requirement.
New York Law Journal | Analysis
By Linton Mann III and William T. Russell Jr. | July 16, 2024
The Court of Appeals recently handed down a significant decision that clarified the choice-of-law principles governing alleged breaches of fiduciary duties in international business disputes. The case questioned whether Scottish law or New York law should govern the fiduciary duty claims that arose from the merger.
New York Law Journal | Analysis
By Erin Applebaum and Taylor Sandella | July 16, 2024
Recent severe turbulence events have caused serious injuries and deaths to passengers, generating an upswing in public interest over a natural phenomenon that is now more dangerous than ever before.
New York Law Journal | Analysis
By Katryna L. Kristoferson and David Paul Horowitz | July 15, 2024
The previous two installments of this column discussed CPLR 2104 and focused on how to create a binding and enforceable stipulation under the statute. Having addressed the mechanics of the three statutory methods, there remain a number of practical considerations when drafting and/or seeking enforcement of stipulations.
The American Lawyer | Analysis
By Patrick Smith | July 15, 2024
The firm's leaders pointed to a strategy for expansion about a decade ago, pinpointing certain markets, practices and large lateral groups.
New York Law Journal | Analysis
By Frances Green and Eleanor Chung | July 12, 2024
While the DOJ is sharpening its sword in preparation for AI-related enforcement actions, health care organizations, providers, payors and device manufacturers should be donning their shields.
New York Law Journal | Analysis
By Elliott Scheinberg | July 12, 2024
While it's well settled law in all four appellate departments that "a court's power to dismiss a complaint, sua sponte, is to be used sparingly and only when extraordinary circumstances exist to warrant dismissal," trial courts continue to disregard this stentorian directive with no end in sight.
New York Law Journal | Analysis
By Thomas Kissane and Samuel Butt | July 11, 2024
This column reports on several recent significant decisions from the United States District Court for the Eastern District of New York. Judge Margo K. Brodie denied defendant's motion for reconsideration in a case involving alleged sexual abuse by a priest. Magistrate Judge Lee G. Dunst granted, but substantially reduced, attorney's fees to plaintiffs' counsel. And Judge Joan M. Azrack granted defendants' motion to dismiss plaintiff's state law discrimination claim under the election of remedies doctrine but allowed plaintiff's federal law discrimination claim to proceed in part.
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