May 2015

Chris Griner quoted in, "Once More, a Data Breach, Dear Friends"

Super Lawyers | The cyber hack on Sony Pictures Entertainment uncovered confidential emails and exposed more than 47,000 Social Security numbers of employees as well as company financials. This trend is increasing; in the past year and a half customer information was compromised from many other leading organizations.

  • May 18, 2015

    Stroock Partner Jayme Goldstein Honored by The M&A Advisor with a "40 Under 40 Emerging Leaders Award"

    Press Release | Jayme Goldstein, a partner in Stroock & Stroock & Lavan's Financial Restructuring Practice Group, was recognized as a winner in the Legal Advisor category of The M&A Advisor's 6th Annual "40 Under 40 Emerging Leaders Awards." Mr. Goldstein was chosen for his notable business and community service accomplishments. ...Read More

    May 14, 2015

    Julia Strickland Named to the Los Angeles Daily Journal's "Top Women Lawyers" List for 2015

    Los Angeles Daily Journal | Julia Strickland, chair of Stroock's Financial Services/Class Action Practice Group, has again been named one of California's "Top Women Lawyers" by the Los Angeles Daily Journal. This is the 10th year Ms. Strickland has been honored for her work and accomplishments. The list recognizes women lawyers in California at the top of their practice....Read More

  • May 7, 2015

    Frank Merola Interviewed by The Deal in "Watch out for these state law pitfalls in energy restructurings"

    The Deal | In a recent interview with The Deal’s Lisa Allen, partner Frank Merola talked about the differences and ambiguities in state law creating uncertainty in energy industry restructurings....Read More

    May 6, 2015

    Stroock Hosts Forum on Voter Turnout: Is New York Still A Democracy?

    Press Release | Stroock & Stroock & Lavan LLP presented a Government Leadership Forum today on voter participation in New York, featuring Congressman Jerrold "Jerry" Nadler; DeNora M. Getachew, Campaign Manager and Legislative Counsel at the Brennan Center for Justice at New York University School of Law; and Douglas A. Kellner, Co-Chair of the New York State Board of Elections. The event was held at the firm’s New York office....Read More

  • May 4, 2015

    Stroock Expands Energy and Project Finance Practice with Addition of Daniel R. Simon

    Press Release | Daniel R. Simon has joined the Energy and Project Finance Practice Group of Stroock & Stroock & Lavan LLP as special counsel in the Washington, DC office....Read More

    April 22, 2015

    Sky Moore and Matt Thompson Featured in Variety's 2015 Legal Impact Report

    Variety | Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, announced today that Schuyler Moore and Matthew Thompson, co-heads of Stroock's Entertainment Practice Group, have been recognized by Variety magazine as Legal Impact Report honorees for 2015. The annual Legal Impact issue highlights leading entertainment attorneys who are making a significant impact in the entertainment industry....Read More

  • April 15, 2015

    Robert Plaze quoted in “Government proposes rules for brokers on retirement accounts”

    Rapid News Network | In February, President Barack Obama endorsed a proposal to ensure that brokers will give impartial advice in the customer’s best interest and make truthful statements about investments and their compensation. In addition, the brokers would not be able to accept any payments creating conflicts of interest unless they qualify for an exemption. President Obama supported the proposal since he believes that Americans are too often the victims of hidden fees that collectively cost billions of dollars. Robert E. Plaze, a partner in Stroock’s Investment Management Practice Group, said, “The broad fiduciary duty standard strengthens the hand of the regulator in dealing with bad conduct.”...Read More

    April 13, 2015

    Stroock Bolsters Litigation Practice Further with Two Partners and Special Counsel in New York and Miami: New Additions Expand on Recent Growth in Los Angeles

    Press Release | Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, announced the addition of two new partners and a special counsel. Joining the firm are Michael C. Keats, a litigation partner in New York, and Laura Besvinick, an insurance litigation partner in Miami. Julie Nevins, who focuses on complex commercial litigation, has joined the firm as special counsel in Miami. The continued expansion of the firm includes two recent additions in the Los Angeles office, Steven D. Atlee, a financial services/class action partner in the Litigation Practice Group, and Yousuf I. Dhamee, an investment management partner....Read More


Steven Rabitz to Speak at SIFMA's DOL Fiduciary Seminar

Stroock Partner Steven Rabitz will be speaking at SIFMA's DOL Fiduciary Seminar "Assessing the intended and unintended consequences" on June 3, 2015 from 8:00 a.m. – 12:30 p.m. EDT. The event will take place in New York at SIFMA’s NYC Conference Center or via Webcast.

  • May 28, 2015 - IAA's Duties and Responsibilities of Compliance Officers
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  • June 3, 2015 - SIFMA's DOL Fiduciary Seminar 
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  • June 15-19, 2015 - New York Energy Week: Emerging Energy Technologies – Investment & Commercialization 
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  • May 19, 2015 | LAW360 - EXPERT ANALYSIS

    "Problems In The 'Fight Of The Century' Class Actions" by James Sammataro

    Ever since this complaint was shouted into the ringside mic after a title fight, complainers from the hard court to Broadway have recycled it. Who hasn't paid to watch an event and been disappointed? But is this really the stuff of lawsuits?

    Can aggrieved pay-per-view customers sue Manny Pacquiao and his corporate constellation for his performance in the overhyped "Fight of the Century" against Floyd "Money" Mayweather? Precedent firmly says "no."


    "IRS Issues Proposed Regulations on Insurance Companies That Will Be Treated as PFICs"

    On April 24, 2015, the Internal Revenue Service (the “IRS”) issued proposed regulations (Prop. Reg. §1.1297-4) addressing when a foreign insurance company’s income is excluded from the definition of passive income under the passive foreign investment company (“PFIC”) rules of Internal Revenue Code Section 1297. Section 1297 defines a foreign corporation as a PFIC if 75 percent or more of its gross income for the taxable year is passive income, or 50 percent or more of its assets produce passive income or are held for the production of passive income.

    PFICs owned by U.S. investors are subject to very unfavorable tax treatment as a general matter. This Stroock Special Bulletin provides an overview of the proposed regulations, which target a perceived abuse in which hedge funds and other entities would rely on reinsurance affiliates to enable them to fall within the “active conduct of an insurance business” exception to passive income and thereby shelter their investment earnings from tax under the PFIC rules.


    "DOL's Fiduciary Re-Proposal: Caveat Venditor or 'Death of a Salesman'?"

    On April 14, 2015, the Department of Labor ("DOL") released its long awaited re-proposal (the "Re-Proposal") to expand the definition of fiduciary as it applies to the many providers of services to employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and individual retirement accounts subject to the Internal Revenue Code of 1986, as amended.

    In the words of one senior DOL official, "obviously, any regulatory project that aims at the fiduciary definition is going to, kind of, right to the core" of ERISA. This Stroock Special Bulletin provides a detailed discussion of the Re-Proposal's framework and the many issues it will pose for market participants if it is adopted in its present form.


    "SEC Cross-Border Security-Based Swap Proposal"

    This Stroock Special Bulletin describes the SEC’s proposed test for whether a security-based swap transaction would be considered to be arranged, negotiated or executed by personnel of a non-U.S.

    person located in a U.S branch or office, or by personnel of an agent of such non-U.S. person located in a U.S. branch or office.


    "Update: Design Patent Filing under Hague Treaty to Begin May 13, 2015 with New USPTO Rules"

    On February 13, 2015, the U.S. deposited its instrument of ratification with the World Intellectual Property Organization, acceding to the Hague System for the International Registration of Industrial Designs and bringing the total membership of the treaty to 64 nations. On April 2, 2015, the U.S. Patent and Trademark Office (USPTO) revised its rules of practices on design patent applications to implement the Hague Agreement for International Registration.

    This Stroock Special Bulletin looks at the new rules, which provide that as of May 13, 2015, U.S. based applicants may apply for design protection in member countries by filing a single, international design application with the USPTO. The changes in this final rule take effect on May 13, 2015.

  • May 6, 2015 | NEW YORK LAW JOURNAL

    "Updated Procedures for Issuing and Selling New Shares"

    This column updates our 2006 column on the procedures to be followed for the issuance and sale of new shares and addresses the 2012 Policy Memorandum issued by the New York State Department of Law regarding the sale of certain spaces in co-ops and condominiums.

    This column also discusses the potential adverse impact on a co-op and its shareholders’ continued eligibility to take certain tax deductions—because the issuance of new shares can result in the loss of such tax benefits—and how to prevent such a loss.