By Alan W. Clark | July 19, 2024
Judiciary Law section 474-a, as amended effective July 1, 1985 sets forth a contingency fee schedule and provision for application for increased fee in extraordinary circumstances. In practice, the fee schedule creates inherent conflict, is unfair and deprives many victims of malpractice the opportunity to hire competent counsel. Applications for enhanced fees are rarely granted. The proposed Amendment set forth in NYAB 7448 provides much needed changes to the Statute.
New York Law Journal | Analysis
By Anthony E. Davis and Janis M. Meyer | July 19, 2024
The New York State Bar Association Committee on Professional Ethics, which provides a valuable service to New York lawyers (and clients) by giving guidance to practitioners on ethical issues, has issued a number of ethics opinions in the past six months, a few of which are discussed in this article.
New York Law Journal | Analysis
By Robert W. Clarida and Thomas Kjellberg | July 18, 2024
Until the court squarely holds otherwise, plaintiffs seeking the benefit of the discovery rule will bear the burden of showing that no reasonable copyright owner, similarly situated, should have discovered the infringement before plaintiff did in fact discover it.
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.
By Scott Mollen | July 16, 2024
Scott Mollen discusses "294 5th Avenue Realty Partners LLC v. Jimenez," "677 Euromad LLC v. Levy Gorvy LLC," and "Moller v. 68 West 128th Street Partners LLC."
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.
By Jeffrey B. Steiner, Scott A. Weinberg and Tim Swearingen | July 16, 2024
The world of nonprofits represents a wide range of causes and there are different requirements that must be satisfied in connection with such real estate transactions, depending on an organization's purpose and the specifics of the deal. In their Real Estate Financing column, the Jeff Steiner, Scott Weinberg and Tim Swearingen discuss the requirements.
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