Recent Publications
January 19, 2024 |
On January 18, Long Island Business News published Chris Murray’s opinion piece, “Sewers: Good for the Environment, Good for the Economy.”
Here is the full text.
Not often is a policy initiative good for both the environment and business. Sewer expansion is one of those initiatives. The development of sewer systems in Suffolk County would not
Read MoreJanuary 18, 2024 |
Michael Heller’s, Matthew Spero’s and Lawrence Han’s Fall issue of the Title Reporter was published in the Real Estate Finance Journal.
This article discusses the following court rulings and other title insurance-related developments, among others:
- “Deed Theft: Recent New York Developments” explains that New York State prosecutors, and the New York State legislature, have
January 18, 2024 | |
The current combined federal estate and gift tax exemption amount of $13.61 million per person ($27.22 million per married couple) is scheduled to “sunset” automatically on January 1, 2026, and revert to $5 million indexed for inflation (guesstimated at $7 million), unless Congress takes action. This exemption amount applies to the total taxable gifts made
Read MoreJanuary 16, 2024 |
On January 10, the New York Court of Appeals heard oral arguments on a COVID-19 coverage appeal by a restaurant operator, Consolidated Restaurant Operations, Inc. (CRO), which posed issues of first impression. Courts nationwide are looking to see how New York’s highest court will decide the case.
The case before the Court of Appeals stems
Read MoreJanuary 8, 2024 | |
Here is what we cover in this issue of Title Insurance Update Winter 2024:
- The U.S. Court of Appeals for the Eleventh Circuit, affirming a decision by the U.S. District Court for the Northern District of Florida, has ruled that Standard Exclusion 3(a) of a title insurance policy precluded coverage of fees and costs
January 8, 2024 |
Here is what we cover in this issue of The Employment Law Reporter:
- A federal district court in New York has dismissed employment discrimination claims brought under the Age Discrimination in Employment Act of 1967 and Title I of the Americans with Disabilities Act of 1990, finding that the plaintiff failed to meet the
January 2, 2024 | |
Many of us would like our children to inherit our home once we are gone. More than a few of us think it makes sense to give our home to our children while we are still living. That is not a good idea! Here’s why.
Loss of Step-Up in Basis
Gifting your home to someone
Read MoreDecember 28, 2023 |
On November 29, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an update to the Corporate Transparency Act (CTA), extending the deadline for reporting companies to disclose beneficial ownership information. Once the CTA goes into effect on January 1, 2024, reporting companies created in 2024 will now have 90 days
Read MoreDecember 27, 2023 |
Second Circuit Finds That Criminal Activities Exclusion Defeats Coverage For Disability Benefits
Jason Brand made a claim for disability benefits under his disability policy with Principal Life Insurance Company on the basis that he was totally disabled by extreme anxiety that began in July 2014 after a warrant was served on him by the
Read MoreDecember 21, 2023 |
Update: Governor Hochul signed this law (S.6897/A.7328) on December 22, 2023, following the publication of this article. The Governor’s press release can be found here.
A law that would incentivize reductions in the use of temporary staffing agencies in nursing homes awaits action by Governor Hochul, who must either sign or veto the law by December 23.
Read MoreDecember 21, 2023 |
Our December Insurance Update features a few firsts from state high courts. For the first time:
- The Supreme Court of Hawaii addresses reimbursement of defense costs.
- The Supreme Court of Illinois addresses coverage for construction defects.
- The Supreme Court of Appeals of West Virginia addresses trigger.
At the federal level:
- The Ninth
December 20, 2023 | |
The pen is mightier than the sword — especially a pen held by a sitting governor. Currently sitting on the desk of New York’s governor is a piece of proposed legislation known as the “Grieving Families Act” which, if signed into law, will significantly broaden not only the categories of damages available in New York
Read MoreDecember 18, 2023 |
Foreign corporations, open your rolodexes. You will need New York counsel more than ever.
Days ago, New York Senate Bill S7476 was delivered to Governor Hochul for signature. If signed, the bill would make all foreign businesses authorized to do business in New York subject to general jurisdiction in the state’s courts. This is an
Read MoreDecember 12, 2023 |
Robert Tugander wrote an article on the production company that produces the show “My 600-Lb Life,” and its the argument that its insurer fraudulently led it to believe it would have coverage for liability arising out of the show’s production.
To read the article, click the link below.
Law360 – Insurer’s ‘600-Lb Life’ Win Shows
Read MoreDecember 1, 2023 |
The holiday season is one of the most magical times of year in New York, filled with excitement and festive decorations. It is also one of the busiest, from holiday gatherings with friends and family to decorating and checking off the holiday shopping list. For many, the days of holiday shopping in bustling stores have
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