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  • Article

    Payment Processing Continued Target Of CFPB And Litigation

    On August 22, 2016, the Consumer Financial Protection Bureau announced a $4.1 million settlement with Wells Fargo Bank for allegedly illegal student loan servicing practices.
    United StatesConsumer Protection
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    SCOTUS Limits The Definition Of ‘Debt Collector' Under The Fair Debt Collection Practices Act

    On March 20, 2019, the Supreme Court issued its much-anticipated decision in Obduskey v. McCarthy & Holthus LLP,
    United StatesFinance and Banking
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Stroock Hosts Forum On State Of New York's Mass Transit System And How Best To Synch Transit Development With Region's Economic Growth

    Panel of current/former MTA officials and Stroock government and real estate partners Robert Abrams and Ross Moskowitz address solutions for expanding New York's transportation system...
    United StatesGovernment, Public Sector
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    The Many Moving Parts Of A Foreclosure

    IN LOUIS ZAZZARINO vs. 13-21 East 22nd Street Residence Corp., a shareholder defaulted on a loan made by her bank. The bank held a non-judicial auction of the shares, as was its right ...
    United StatesCorporate/Commercial Law
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Wrestling Over What's "Reasonable"

    WHAT DOES IT mean when a co-op's proprietary lease or a condo's bylaws state that "consent shall not be unreasonably withheld"?
    United StatesReal Estate and Construction
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    New York Electronic Monitoring Notice

    Effective May 7, 2022, the New York State Civil Rights Law (the "CRL") will require any employer with a place of business in New York State that monitors its employees' telephone...
    United StatesMedia, Telecoms, IT, Entertainment
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Stopping The Clock: CFIUS Gives "Excepted Foreign States" Another Year To Get Their House In Order

    The definition of "excepted foreign state" is, however, a two-pronged definition.
    United StatesGovernment, Public Sector
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    NYC Council Approves Modified SoHo/NoHo Rezoning

    Today, the City Council approved the modified SoHo/NoHo Rezoning. This is the final action by the City Council...
    United StatesReal Estate and Construction
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Hop On, Hop Off? Not So Fast!

    Anyone who travels is familiar with the "Hop On, Hop Off" buses that cruise the capitals of so many countries, providing the opportunity to easily get around a new city and see the major sites.
    United StatesGovernment, Public Sector
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Embracing Change: A Pioneer Reflects On Her Varied Career

    "I was often the first and often the only," writes Stroock Of Counsel and former Federal District Judge Shira A. Scheindlin in a new reflection on her distinguished legal career...
    United StatesLaw Department Performance
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    2014 Regulatory And Compliance Ups And Downs - Developments Of Interest To Foreign Investors And Others In The National Security Sector

    Whistleblower awards by the Securities & Exchange Commission ("SEC" or "the Commission") increased in number and dollars in 2014. On September 22, the Commission authorized an award of over $30 million to a whistleblower who provided information that led to a successful SEC enforcement action and successful related actions.
    United StatesCorporate/Commercial Law
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    The Bright Line Gets Brighter: The List Of "Critical Technologies" Requiring CFIUS Review Gets An Update

    For decades, the Committee on Foreign Investment in the United States ("CFIUS" or the "Committee") has assessed the national security implications of transactions that could result in the foreign...
    United StatesGovernment, Public Sector
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Condominium Declaration: When Repairing the Common Elements … Require Extra Agreements and Protection

    The statute which governs condominiums states that a declaration must include, among other things, the number of units in a condo, including how they are designated, their location, the approximate number of rooms, and the overall size.
    United StatesReal Estate and Construction
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Jussie Smollett Is In A Tough Spot, But So Are His Lawyers

    Jussie Smollett, by all accounts a fine actor, has done the unthinkable. He went sobbingly on TV to present himself, especially to the intersectionality of African-Americans and LGBT individuals (he being both), as a defenseless victim.
    United StatesCriminal Law
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    New York City Likely To Require Paid Leave For COVID-19 Child Vaccination Time

    The bill, passed by the Council on November 23, will almost certainly be signed into law by Mayor Bill de Blasio.
    United StatesCoronavirus (COVID-19)
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    CFTC's DSIO Issues Time-Limited No-Action Letter: Will Not Recommend Enforcement Action Against Swap Dealers For Failure To Comply With Variation Margin Requirements For Swaps Subject To March 1, 2017 Compliance Date

    Yesterday the Commodity Futures Trading Commission's Division of Swap Dealer and Intermediary Oversight issued a time-limited no-action letter stating that from March 1, 2017, to September 1, 2017...
    United StatesFinance and Banking
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Federal Reserve Board Announces Procedure For Banking Entities To Qualify For Extension To Conform Investments In "Illiquid Funds"

    Importantly, to qualify for the extension announced by the Board, a banking entity must submit all required materials by no later than Saturday, January 21, 2017.
    United StatesFinance and Banking
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    DC Circuit Reverses The "Ralls" Decision - Promises A Jolt Of Due Process For CFIUS Reviews

    In 2012, President Barack Obama vetoed the acquisition of Oregon windfarms by Ralls Corporation, an American company owned by two senior officials of Sany Group.
    United StatesGovernment, Public Sector
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    Final Fiduciary Rule Means ERISky Business: Will BICkering Follow?

    On April 6, 2016, the Department of Labor (referred to herein as "DOL" or the "Department") issued its long-awaited changes to the definition of an "investment advice" fiduciary and accompanying exemptions.
    United StatesEmployment and HR
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP
  • Article

    "Will Time Derail 'Fiduciary' Delay's Arrival? DOL FABulously Pledges to 'Mind the Gap' on Enforcement"

    On Friday, March 10th, the Department of Labor released guidance concerning its enforcement policy under the "fiduciary" rule scheduled to take effect on April 10th. On March 2nd, the Department asked for comments on a 60-day delay and, separately, the President issued a Memorandum with questions to the Department concerning the rule.
    United StatesEmployment and HR
    Stroock & Stroock & Lavan LLP
    Stroock & Stroock & Lavan LLP

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