August 22, 2016

Jerry Goldfeder quoted in "Big Law Democrat Reps Republican in Congressional District Case"

BLOOMBERG LAW | Jerry H. Goldfeder, a special counsel in Stroock's Government Relations and Litigation Practice Groups, was quoted in Bloomberg Law's article that discusses how he successfully litigated on behalf of congressional nominee Philip "Flip" Pidot, who had been locked out of the Republican primary for New York's 3rd congressional district.

The Stroock litigation team also included James L. Bernard, Judge Shira A. Scheindlin, David V. Simunovich, Kerry T. Cooperman and Nathaniel H. Benfield.


SEP07

Irene Oria to Speak at HNBA’s Annual Convention

Stroock Special Counsel Irene Oria will be speaking at HNBA’s Annual Convention. The event will take place September 7-10, 2016 in Chicago, IL.

Ms. Oria will participate in the panel discussion "Beware of Spoliation: Civil and Criminal Penalties for Destroying Stale Information."

  • September 7-10, 2016 - HNBA 2016 Annual Convention
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  • September 13-15, 2016 - PREX16: 5th Annual Conference on Preservation Excellence: Tomorrow's E-Discovery
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  • September 22, 2016 - Presidential Politics - Will It Ever Be the Same?
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  • AUGUST 29, 2016 | LAW360

    "Payment Processing Remains CFPB, Litigation Target"

    On Aug. 22, 2016, the Consumer Financial Protection Bureau announced a $4.1 million settlement with Wells Fargo Bank for allegedly illegal student loan servicing practices. While the press release emphasized student loans and general servicing practices as regulatory priorities, this enforcement action also demonstrated the

    CFPB’s continuing focus on payment processing as a target for supervision and enforcement activity — including, specifically, the payment ordering and other processing issues that have been the target of class action litigation.

  • August 25, 2016 | STROOCK ESTATE PLANNING ALERT

    "New Proposed Treasury Regulations Imperil Valuation Discounts for Family Controlled Entities"

    For several years, the elimination of valuation discounts for transfers of minority interests in family-controlled entities has been the target of the Obama administration’s legislative proposals, and the IRS has repeatedly warned practitioners that they intended to issue regulations that would sharply curtail such valuation discounts. The day of reckoning has arrived, as earlier this month the Treasury Department released the long-feared regulations eviscerating valuation discounts. If the proposed regulations are finalized, they will have a dramatic impact on the valuation of closely held business interests – both active and passive. This Stroock Estate Planning Alert provides an overview of the proposed regulations, which fortunately do not become effective until they are finalized, and in some cases not until 30 days after they are finalized.

    There is a last chance opportunity to make discounted transfers until year-end, and possibly beyond, when the window may slam shut on most valuation discounts for family controlled entities, dramatically increasing future gift, estate and generation-skipping transfer taxes for their owners.

  • August 23, 2016 | STROOCK SPECIAL BULLETIN

    "Payment Processing Continued Target of CFPB and Litigation"

    On August 22, 2016, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") announced a $4.1 million settlement with Wells Fargo Bank for allegedly illegal student loan servicing practices. While the press release emphasized student loans and general servicing practices as regulatory priorities, this enforcement action

    also demonstrated the CFPB's continuing focus on payment processing as a target for supervision and enforcement activity – including, specifically, the payment ordering and other processing issues that have been the target of class action litigation.

  • August 22, 2016 | LAW360

    "Food for Thought: SAFE Act Would Add the USDA to CFIUS"

    On July 12, 2016, Senator Chuck Grassley (R-IA) introduced legislation to add the U.S. Department of Agriculture ("USDA") as a full member of the Committee on Foreign Investment in the United States ("CFIUS" or the "Committee").

    This article provides an overview of the "Securing American Food Equity Act of 2016" (or the "SAFE Act of 2016"), which, if enacted, would ensure that the USDA has a permanent seat at the CFIUS table.

  • August 15, 2016 | STROOCK SPECIAL BULLETIN

    "For City-Supervised Mitchell-Lama Cooperatives Thinking About Privatization: Think Again"

    As of August 15, 2016, there are 20 City-Supervised Mitchell-Lama Cooperatives that are eligible to voluntarily dissolve and become either a market-rate cooperative or condominium. This Stroock Special Bulletin provides information regarding a meaningful alternative to privatization that may be helpful to shareholders of these 20 cooperatives.

    It's the Article II to Article XI Conversion Program – a program that is in line with the mission of the Mitchell-Lama law, and which also provides modest equity appreciation to existing shareholders and much-needed middle income housing for future generations to come.