Insights

Navigating the Waters: A Long Island Community’s Response to the EPA’s PFAS Directive

On May 13, 2024, the U.S. Environmental Protection Agency (“EPA”) and New York State officials broke ground on a clean water infrastructure project at Plant 6 of the Hicksville Water District, located in Nassau County. This groundbreaking step represents just the initial phase of a comprehensive effort to implement a $9 million treatment system to remove a number of hazardous per- and polyfluoroalkyl substances (“PFAS”), also known as “forever chemicals,” from Hicksville’s water supply, and secure clean drinking water for local residents.

Laura K. Fallick

The Potential Impact of Expiring Tax Cuts and Jobs Act Provisions on Taxpayers

It’s hard to believe that the Tax Cuts and Jobs Act (“TCJA”) was enacted in late 2017 – almost seven (!) years ago. During that time, individuals and business owners may have become accustomed to the various changes brought about by that legislation. However, key individual and business tax provisions from the TCJA are set to expire in 2025 – adding yet another highlight to the upcoming presidential election. Regardless of what happens in November, individuals, executives and owners should be mindful of what’s at stake, in the event Congress takes no further action.

Adam P. Margulies

Fair Value Decision Caps Decade-Long Dispute Over Family-Owned Real Estate Holding Companies

About 40 years ago, a son and his mother first teamed up to invest in purchasing and managing over a dozen buildings in New York through 4 co-owned entities, each owned on a 50/50 basis. Fast forward several decades and the successful family business has turned into a bitter family feud.

Becky (Hyun Jeong) Baek

FTC Ban on Non-Competes: Throwing the Baby Out with the Bathwater

Last month, the Federal Trade Commission voted 3-2 along party lines to impose a general ban on non-competes, claiming these arrangements stifle innovation, limit employee mobility and suppress wages. I blogged about the issue when the FTC proposed the ban last year. So far, there have been three separate lawsuits seeking to block the ban, each asserting that the FTC has exceeded its authority and that the ban itself is arbitrary and capricious. Unless any of the legal challenges are successful, the ban will become effective on September 4, 2024.

Alon Y. Kapen