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  • Article

    Debt Derailment

    Brightline's ambitious expansion to Orlando promised a new era of transportation, but nearly three years later, the intercity rail service faces mounting financial pressures as ridership falls short...
    United StatesInsolvency/Bankruptcy/Re-Structuring
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    New Jersey Takes The Lead On AI Accountability In The Workplace

    New Jersey has positioned itself at the forefront of regulating artificial intelligence in employment decisions through comprehensive guidance and regulations issued in 2025. The state's Attorney General and Division on Civil Rights have clarified that AI-enabled hiring and workforce management tools remain subject to the Law Against Discrimination, establishing that automated decision-making systems cannot shield employers from liability for discriminatory outcomes based on protected characteristics.
    United StatesEmployment and HR
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    The Pied-à-Terre Tax: New Rules, Exemptions, Appeal Deadlines And Penalties

    New York's groundbreaking pied-à-terre tax takes effect July 1, 2026, imposing substantial surcharges on non-resident luxury second homes valued over $5 million. With a complex two-phase implementation, aggressive compliance deadlines, and penalties up to 50% for documentation errors, property owners face critical decisions about exemption eligibility and appeal strategies. Understanding the valuation methodologies, primary residence requirements, and procedural pathways is essential for high-net-worth
    United StatesTax
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard
  • Article

    Can Pied-à-terre Tax Liability Survive A Sale? FAQ For Owners, Purchasers And Co-op Boards

    New York City's pied-à-terre tax has entered its implementation stage with final rules from the Department of Finance. What documentation requirements, appeal deadlines, and valuation methods will affect owners of luxury properties, and how might purchasers inherit tax liabilities from previous owners?
    United StatesReal Estate and Construction
    Cole, Schotz, Meisel, Forman & Leonard
    Cole, Schotz, Meisel, Forman & Leonard

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