April 18, 2017

Stroock Featured in "The Best of 2016: Deals, Dealmakers, Places & Placemakers"

REAL ESTATE FORUM | In a strong display of the recent success of Stroock's Real Estate Practice, Real Estate Forum has recognized five separate transactions in which the firm played a pivotal advisory role in this year's "Best of 2016: Deals, Dealmakers, Places & Placemakers" special issue. Highlighted for their enormous impact on the industry, national and local real estate markets, the annual report spotlights the most significant transactions and projects, and the players behind them, that were completed in 2016.

  • April 12, 2017

    Pierre Yanney quoted in "Fed. Circ. Upholds Rejection Of Wireless Pointer Patent"

    LAW360 | Pierre R. Yanney, a partner in Stroock's Intellectual Property Practice Group, was quoted in a Law360 article that discusses the Federal Circuit siding with Stroock client Movea Inc. in a dispute over a patent for a gyroscope-like mechanism in a wireless remote, agreeing that the patent held by a rival is not valid. ...Read More

    April 12, 2017

    Ross Moskowitz quoted in "Key Aspects of 421a Remain Foggy"

    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 The Real Deal in an article that discusses the new 421a developer tax exemption, now called "Affordable New York." ...Read More

  • April 7, 2017

    Stroock Prevails at Federal Circuit on Behalf of Digital Product Maker Movea Inc.

    PRESS RELEASE | An intellectual property team from Stroock & Stroock & Lavan LLP won its third victory in a row on behalf of client Movea Inc. when the Court of Appeals for the Federal Circuit affirmed on April 6 an earlier ruling by the Patent Trial and Appeal Board of the U.S. Patent and Trademark Office.

    Movea, a maker of digital motion-sensing equipment for business, home entertainment, and educational uses, was advised by Stroock patent litigator Pierre Yanney, along with associate Stephen Underwood. (Movea was acquired during the course of the case by InvenSense, a maker of chip-based sensor systems.)...Read More

    April 4, 2017

    Schuyler Moore featured in "Variety 2017 Legal Impact Report"

    VARIETY | Schuyler M. Moore, a partner and head of Stroock's Entertainment Practice Group, has been recognized as a leading lawyer in Variety magazine's "2017 Legal Impact Report." Variety's annual Legal Impact issue highlights leading entertainment lawyers who are making a significant impact in the entertainment industry. ...Read More

  • March 30, 2017

    Irene Oria featured in "Hispanic Bar Pushes for Inclusion in the Legal Profession"

    MIAMI HERALD | Irene Oria, special counsel in Stroock's Litigation Practice Group, wrote an Op-Ed for the Miami Herald that discusses the Hispanic National Bar Association being at the forefront of effectively promoting diversity and inclusion to increase Hispanics' representation in the legal profession. ...Read More

    March 28, 2017

    Schuyler Moore quoted in "The Reckoning: Why the Movie Business Is in Big Trouble"

    VARIETY | Schuyler M. Moore, a partner and head of Stroock's Entertainment Practice Group, was quoted in the cover story of this week's Variety magazine in an article that discusses the mounting anxiety among theater owners, studio executives, filmmakers and cinephiles as Hollywood scrambles to adapt to the change in consumer tastes and demands. ...Read More

  • March 26, 2017

    Anita Rosenbloom quoted in "Where There's a Will, There's a Way"

    SUPER LAWYERS | Anita S. Rosenbloom, a partner in Stroock's Personal Client Services Practice Group, was quoted in a Super Lawyers article that discusses why everyone should have a will....Read More

    March 25, 2017

    Gail Suchman quoted in "US Health and Science Advocates Gear Up For Battle Over EPA"

    THE LANCET | Gail Suchman, special counsel in Stroock's Environmental Law Practice Group, was quoted in an article in The Lancet that discusses the Trump administration's proposed budget which makes large cuts to the U.S. Environmental Protection Agency. ...Read More


Join Lewis Kruger at PLI's Bankruptcy & Reorganizations 2017: Current Developments

Stroock Of Counsel Lewis Kruger will be speaking at PLI's seminar "Bankruptcy & Reorganizations 2017: Current Developments" on April 26-27, 2017 in New York, NY.

Mr. Kruger will participate in the following panel discussions: "Potpourri of Current Market Developments in Chapter 7 and 11 Business Cases" and "Ethics in Diverse Bankruptcy Practice Areas."

  • April 25-29, 2017 - ABA Section of International Law 2017 Spring Meeting
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  • April 26-27, 2017 - PLI's Bankruptcy & Reorganizations 2017: Current Developments
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  • April 24-26, 2017 - Platts 32nd Annual Global Power Markets Conference
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    Good News for Developers: New York Adopts the 421-a "Affordable Housing NY Program"

    More than a year after New York State’s 421-a tax exemption program expired on January 16, 2016, the state legislature has adopted a 421-a replacement law, known as the “Affordable Housing NY Program.” The law, which passed following extensive back and forth in the legislature on issues such as an expansion of the maximum number of units for a condominium project, is almost unchanged from the version introduced by Governor Cuomo earlier this year.

    The most notable change is that the New York City Comptroller, rather than HPD, will be the agency charged with overseeing newly added wage mandates that apply to certain projects with 300 or more units in qualifying areas. The new law resurrects the provisions of the Rent Act of 2015 that require every project receiving the 421-a tax exemption to meet certain on-site affordable housing requirements, which vary depending on the specifics of the project.

    Now that the law is on the books, the next step will be structuring new deals.

    Existing tools, such as inclusionary housing requirements and the requirements for structuring condominiums, will be paramount for making deals work. Careful attention must be paid to meeting the affordability requirements, and how to layer additional subsidies and requirements into a deal.

    Stroock stands ready to advise developers on these requirements and on how best to structure deals to take advantage of the Affordable Housing NY Program.


    Stroock Reports – Public Employee Law

    Welcome to the Spring 2017 issue of Stroock Reports – Public Employee Law. Our cover story –"With America's Attention on Supreme Court Nominations, Congress Pushes Federal 'Right-to-Work' Bill" – provides an analysis of recent attacks on agency fees and developments in the federal and state legal landscapes that are threatening or protecting such fees.

    This issue also reports on the developing Supreme Court jurisprudence regarding free speech in the public employment sector, and addresses the implications of attempts to amend the New York State Constitution with so-called ethics reforms, the status of the soon to be implemented Paid Family Leave law, the NLRB's recognition of the right of teaching assistants in private universities to organize, and whether the City of Miami can unilaterally reduce the wages, pension benefits and other economic terms of employment of police union members because of a declared "financial urgency."

    We are pleased to provide this issue to our public sector union clients, government relations clients and other friends of the firm.

    Let us know if you find the material informative.


    Alan M. Klinger, co-managing partner

    Dina Kolker, special counsel


    "Quoth the DOL, 'Nevermore'?"

    On April 4, 2017, the Federal Register posted a notice of delay of 60 days by the U.S. Department of Labor of the first scheduled applicability date for the so-called investment advice "fiduciary" (or conflict of interest) rule under the Employee Retirement Income Security Act of 1974, as amended, originally scheduled for April 10, 2017. This Stroock Special Bulletin provides an overview of the notice, which revises the first "applicability date" to now be June 9, 2017.

    The January 1, 2018 "applicability date" remains unchanged. The Fiduciary Rule would impact many accounts subject to Title I of ERISA and other arrangements subject to similar provisions of the Internal Revenue Code and those financial services companies that deal with them.


    2017 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act

    Class action lawyers in California wield two powerful tools: the Unfair Competition Law, California Business and Professions Code sections 17200 - 17209 ("UCL"); and the Consumers Legal Remedies Act, California Civil Code sections 1750 - 1784 ("CLRA"). With its sweeping liability standards and broad equitable remedies, the UCL has long been a weapon of choice for plaintiffs' lawyers. The CLRA is more defined in structure, but no less potent. The plaintiffs' bar as well as California regulators and prosecutors, including the Attorney General and local district attorneys, continue to actively pursue claims under both of these consumer protection statutes.

    This article discusses decisions from California and Federal courts in 2016 and years prior that provide important direction in areas of liability, reliance and causation, preemption, injunctive relief, and other issues under the UCL and CLRA.