December 9, 2016

Robert E. Plaze quoted in "With Time Running Out, Industry Forges Ahead on Sales Pricing Reform"

IGNITES.COM | Robert E. Plaze, a partner in Stroock’s Investment Management Practice Group, was quoted in an Ignites.com article that discusses the fund industry’s efforts to reform a section of the ’40 Act to prevent a major proliferation of share classes that many predict the DOL fiduciary rule will trigger.


  • December 9, 2016

    James G. Sammataro quoted in "Pandora argues no protections for Flo & Eddie"

    THE DAILY JOURNAL | James G. Sammataro, a partner in Stroock’s Entertainment and Litigation Practice Groups and managing partner of the firm’s Miami office, was quoted in a Daily Journal article that discusses Pandora Music Inc.’s request to a 9th Circuit Court of Appeals panel to overturn an adverse district court opinion in a lawsuit filed by Flo & Eddie Inc. in an ongoing multi-state battle over the rights of pre-1972 song authors....Read More

    December 7, 2016

    Robert Plaze quoted in "Trump Revives ‘Triple-X’ ETFs That Regulators Wanted to Kill"

    THESTREET.COM | Robert E. Plaze, a partner in Stroock’s Investment Management Practice Group, was quoted in TheStreet.com’s article that discusses a proposed rule by the U.S. Securities and Exchange Commission to crack down on “triple-X” ETFs and the possibility that the rule will not see the light of day under a Trump administration....Read More

  • December 7, 2016

    James Sammataro and Ronald Kriss quoted in "The Biggest Fla. Court Cases Of 2016"

    LAW360 | James G. Sammataro, a partner in Stroock’s Entertainment and Litigation Practice Groups and managing partner of the firm’s Miami office, and Ronald A. Kriss, of counsel in Stroock’s Real Estate Practice Group, were quoted in a Law360 article that discusses high profile Florida cases from 2016 that will continue to make waves in 2017....Read More

    December 6, 2016

    Kristopher Hansen mentioned in "Caesars Judge Debates Trustee’s Stand-Alone Objection"

    LAW360 | Kristopher M. Hansen, a partner and chair of Stroock’s Financial Restructuring Practice Group, was mentioned in a Law360 article that discusses Tuesday’s hearing in the bankruptcy proceedings of Caesars Entertainment Operating Co....Read More

  • December 6, 2016

    Erica Buckley quoted in "De Blasio Says 'Enough is Enough': Landlords Getting Big Tax Break Must Cap Rent Hikes"

    PROPUBLICA | Erica F. Buckley, special counsel in Stroock’s Real Estate Practice Group, was quoted in a ProPublica article that discusses Mayor de Blasio’s formal announcement of a large-scale enforcement program targeting more than 3,000 rental buildings....Read More

    December 6, 2016

    Stroock Hosts Forum on Impact of Media on Justice

    PRESS RELEASE | Stroock & Stroock & Lavan LLP hosted a Government Leadership forum on whether and how news impacts justice, with guests Judge Shira A. Scheindlin (Ret.), of counsel at Stroock; Judge Alvin K. Hellerstein, Senior Judge, United States District Court for the Southern District of New York; Justice John M. Leventhal, Associate Justice, Appellate Division of the Supreme Court of the State of New York Second Judicial Department; and New York Times reporter William K. Rashbaum....Read More

  • December 1, 2016

    Ross F. Moskowitz quoted in "The sloppy 421a Dispute"

    THE REAL DEAL | Ross F. Moskowitz, a partner in Stroock’s Real Estate Practice Group and the head of its Land Use Practice Group, was quoted in a Real Deal article that discusses the possible return of the 421a developer tax exemption after a year of negotiations....Read More

    December 1, 2016

    James Bernard Elected President of the Federal Bar Foundation

    PRESS RELEASE | James L. Bernard, a partner in Stroock & Stroock & Lavan LLP’s Litigation Practice Group, has been elected as President of the Federal Bar Foundation, serving the courts and legal community of the Second Circuit, effective November 23, 2016....Read More

DEC19

Andrew DeNatale to speak at PLI's Nuts and Bolts of Corporate Bankruptcy 2016

Stroock Of Counsel Andrew DeNatale will serve as Co-Chair of PLI's Nuts and Bolts of Corporate Bankruptcy 2016 conference. The event will take place December 19-20, 2016 in New York, NY.

  • December 14, 2016 - What's the Future of the CFPB?
    Read More
  • December 19-20, 2016 - PLI's Nuts and Bolts of Corporate Bankruptcy 2016
    Read More
  • March 2-3, 2017 - IAA's Investment Adviser Compliance Conference
    Read More
  • December 2016 | HABITAT

    "Floor Price vs. Board Price"

    Can a cooperative’s board of directors reject a sale because it believes the purchase price is too low? Can it set a price below which an apartment cannot be sold? An appellate court ruled, in Singh v. Turtle Bay Towers Corp., that a board’s denial of a purchase application because the purchase price was significantly below market value was okay.

    A case decided by a trial-level court, Graham v. 420 East 72nd Tenants Corp., dealt with another aspect of this issue.

  • November 30, 2016 | STROOCK SPECIAL BULLETIN

    "New York City Finalizes 2016/17 Real Estate Tax Rates"

    The City of New York has finalized the real estate tax rates for tax year 2016/17, which began July 1, 2016 and will end June 30, 2017. The rate for Class 2 residential properties is up slightly, while the rate for Class 4 non-residential properties (i.e., commercial) is down slightly from last year.

    This Stroock Special Bulletin compares the annualized tax rates for tax years 2015/16 and 2016/17.

  • November 28, 2016 | STROOCK SPECIAL BULLETIN

    "Rushaid v. Pictet & Cie.: New York Court of Appeals Decision Has Important Implications for Foreign Banks with New York “Correspondent” Accounts"

    On November 22, 2016, the New York Court of Appeals handed down a decision in Rushaid v. Pictet & Cie., which will have important implications for foreign banks with New York "correspondent" accounts.

    This Stroock Special Bulletin provides an overview of the litigation, in which the plaintiffs had alleged that

    some of plaintiffs' faithless employees, located in Saudi Arabia, had accepted bribes and kickbacks – totaling many millions of dollars – from vendors, in exchange for paying inflated prices, and ignoring various deficiencies in the vendors' products and services.

  • November 18, 2016 | STROOCK SPECIAL BULLETIN

    "New IRS Partnership Regulations Shut Down Bottom Guarantees and Significantly Limit Use of Leveraged Partnerships"

    On October 5th, 2016, the Internal Revenue Service published final, temporary and reproposed regulations under Sections 707 and 752 of the Internal Revenue Code of 1986. These regulations, which substantially modify regulations proposed in 2014 effect significant changes to the partnership disguised sale and debt allocation rules.

    Notably, the new regulations restrict the ability to enter into “leveraged” partnership transactions by modifying the disguised sale rules so as to take into account all liabilities for disguised sale purposes as if such liabilities were nonrecourse, thereby preventing partners from guaranteeing debt in order to avoid recognition of gain.

    The regulations also preclude the use of “bottom-dollar” guarantees to allocate debt for basis purposes, even outside the context of a disguised sale.

    This Stroock Special Bulletin examines these changes, which are particularly important for those entering into real estate deals involving partnerships or joint ventures, as real estate often has significant debt and built-in gain, which would be recognized on a deemed sale.

  • November 11, 2016 | STROOCK SPECIAL BULLETIN

    "421-a Makes a Comeback"

    On November 10, 2016, with the full support of Governor Andrew Cuomo, the Building and Construction Trades Council of Greater New York (“BCTC”) and the Real Estate Board of New York (“REBNY”) released news that they have reached an agreement to extend the 421-a tax exemption program.

    The agreement is contingent on the State passing a new bill, but Governor Cuomo is urging legislators to call an extraordinary session to pass the legislation as quickly as possible. This Stroock Special Bulletin provides an overview of the agreement and what to expect next.