What Every Inventor Needs to Know Before Saying Yes to Investors
Farrell Fritz partner Alon Kapen will be joining Brian Fried of the National Inventor Club for the webinar “What Every Inventor Needs to…
2226 Results
Laura K. Fallick Recognized in the Long Island Business News 2026 Emerging Leaders Under 30 List
We are proud to congratulate Laura K. Fallick on being named to Long Island Business News’ 2026 Emerging Leaders Under 30. Selected by…
Farrell Fritz Helps to Secure Victory for Policyholders in $102 Million Insurance Coverage Dispute
On June 4th, 2026 Farrell Fritz Commercial Litigation partner, Frank McRoberts, alongside associate, James Maguire, secured a winning judgment for policyholders issued by…
Lessons on the Art of Drafting Capital Call Provisions
It’s no accident this blog has featured dozens of posts involving disputed capital calls. It’s a common scenario in the world of closely…
Last fall, I blogged about the challenges of overturning an arbitrator’s award (check out that post here). That case illustrated the difficulties of…
Bisnow – Long Island Real Estate Conference
Michael P. Guerriero will be a moderator at the Bisnow Long Island Real Estate Conference. The conference will focus on how developers and…
Majority of Westchester Property Owners Face June 16, 2026 Tax Appeal Deadline
The deadline to challenge property tax assessments for the 2026 tax year for the majority of Westchester County taxpayers is rapidly approaching on…
Navigating Ethical Issues in Surrogate’s Court
Bret Cahn will serve as a speaker at the New York State Bar Association CLE program, “Navigating Ethical Issues in Surrogate’s Court.” The…
Tax Partner, Not True Partner: The Limits of K-1s in Business Divorce Litigation
The Schedule K-1 is a tax form that pass-through entities use to report each owner’s share of the entity’s income, deductions, credits, and…
Bret Cahn will be presenting at the New York City Bar Association CLE “Defensive Estate Planning.” This program will offer practical guidance on…
Practice AreasLand Use & Municipal
Southampton’s Residential Dock Ban Tests Its Authority Over Bay Bottoms
John Armentano examines Southampton’s new residential dock ban in the Peconic Bays, exploring whether the town’s environmental justifications can legally outweigh waterfront property owners’ longstanding rights.
Avigail Goldglancz Quoted in U.S. News on Navigating the Loss of a Spouse
Not only is the death of a spouse devastating, but it also leaves a long list of tasks to complete. Farrell Fritz partner…
Civil RICO’s Losing Streak Continues in the Commercial Division
As noted in the title, civil RICO claims are on such a bad losing streak at the pleading stage in the Commercial Division…
A recent decision from the New York County Commercial Division reminds litigants that even under New York’s liberal discovery standards, sensitive business information…
A Wrong in Search of a Remedy: Promissory Estoppel
Peter Sluka wrote a month ago about Matter of Lin v Sun ___ AD3d ___ (2026 NY Slip Op 02065 [1st Dept Apr….
When Stockholders Come Knocking: Defending Against Section 220 Demands in Delaware
If you’re on the management team of a Delaware corporation or serve as general counsel to one, it’s only a matter of time…
Labor and Employment partner Irene A. Zoupaniotis will be a panelist at the Queens County Bar Association CLE “Protecting Your Client’s Business When…
New Bill Proposes Annual Withholding Tax on Trusts with Assets Exceeding $50M
On May 12, 2026, a Bill entitled the “Fair Trusts for Fiscal Responsibility Act” was introduced in the Senate by Sen. Patty Murray…
Business Succession Planning…Be Prepared
For many business owners, succession planning is easy to put off, until it’s too late. Whether you’re considering a transition to family or key employees, or positioning your company for a third-party sale, preparation is critical to preserving value and ensuring a smooth exit. From identifying successors and structuring ownership transfers to getting your financials and corporate records in order, a successful transition requires thoughtful, long-term planning. The reality is simple: succession is not a single event, but a process and the earlier you start, the more options and control you’ll have when the time comes to step away.
Bloomberg News: Anthropic Sends Jolt Through Market for Buying Shares in Hot Pre-IPO Startups
Farrell Fritz partner Alon Kapen was recently quoted in a Bloomberg News article examining the growing scrutiny surrounding private market investments in leading…
After a person passes away, a decedent’s survivors oftentimes attempt to access the decedent’s electronic communications. Whether motivated by mere curiosity or a desire to better understand the circumstances that led to a decedent’s death, decedents’ survivors have not had much success in accessing the content of decedents’ electronic communications since New York enacted digital assets legislation in 2016. Recently, however, two Surrogate’s Courts have granted applications for access to the content of decedents’ electronic communications.
Some of the most interesting cases we post about on this blog are, of course, the ones where there is more than meets…
Failure to file IRS Form 3520 Reasonable Cause Penalty Relief
A recent federal court decision, Huang v. United States,[1] offers important guidance for U.S. persons who have received large gifts from foreign persons,…
US Workers Displaced by AI Have Limited Legal Options to Fight It
As businesses race to implement the most advanced AI tools, a split is emerging over how to tackle one of the most pressing…
Earlier this month, commercial litigators and judges from across New York headed to the Sagamore Resort on Lake George for the NYSBA Commercial…
With cold winter days a distant memory, Spring brings with it a multitude of decisions from courts throughout the State addressed to issues…
This week, we take a break from our regular coverage of recent developments in business divorce caselaw in favor of a more enduring,…
Farrell Fritz partners, Peter L. Curry, Michael L. Webb, and Dave Curry will be attending the 2026 NYSEDC Annual Meeting in Cooperstown, NY.
Huntington’s Proposed PILOT “Offset” Policy Risks Undermining the Town’s Own Development Goals
The Town of Huntington is reportedly considering a policy that would require developers receiving Payment in Lieu of Taxes (“PILOT”) benefits to make additional contributions intended to offset perceived impacts on taxpayers, schools, and infrastructure. As reported by Newsday, the proposal reflects rising scrutiny of tax incentives tied to major development projects
Technical Difficulties Aren’t Enough: A Lesson from the Commercial Division
Every litigator has experienced a technology hiccup at an inconvenient moment. But courts have made clear that vague references to “technical difficulties” will…
Becky Baek Named to City & State’s 2026 Asian Trailblazers List for Second Consecutive Year
Farrell Fritz, P.C. is proud to announce that partner Becky Baek has been recognized by City & State New York in its 2026…
Family-owned businesses are vital to the economy and I dare say the American way of life. According to a recent estimate, around 90%…
Rethinking Anti-Dilution in Convertible Deals
Most ECVC lawyers can recite from memory the basic architecture of venture anti-dilution protection. The standard NVCA formulation adjusts downward the conversion price…
Already Have Life Insurance? Why an ILIT May Be Worth It
With a federal estate tax rate of 40%, estate planning conversations often start and stop with the relatively high federal exemption (currently $15…
Estate Litigation partner, Eric W. Penzer, will be speaking on the panel “Litigating the Future: Capacity, Conflict, and the Courts” at the New…
Domenique Camacho Moran Featured in Fortune Discussing Rise of Employee Buyouts in Tech
With tech companies continuing to adjust to rising costs and unprecedented investment in artificial intelligence, the impact on their workforce remains significant. More…
Newsday: Wren Kitchens Chapter 7 Bankruptcy Filing and U.S. Store Closings
Wren Kitchens, a United Kingdom-based designer and manufacturer of kitchen cabinets and countertops, has filed for bankruptcy, closing all its stores nationwide last…
One Line Too Few: How Noncompliance with Recently Amended CPLR 2106 Undermines an Affirmation
Rule 2106 of the CPLR permits a written affirmation, made under penalty of perjury, to be submitted in place of an affidavit, carrying…
Promise of Equity Falls to Operating Agreement’s Rigid Admission Requirements
Litigation over who is—and who is not—a member of a limited liability company has become a defining feature of LLCs. The ease with…
Mining for a Joint Venture: A Crypto “Partnership” That Never Got Off the Blocks
Every so often a case comes along that reads less like a business dispute and more like a cautionary tale about the perils…
Sleeping on Your Stock: A $25 Million Lesson
A recent March 20, 2026 letter decision from the Delaware Court of Chancery in Gary T. Turner v. Lam Research Corporation is a…
Patrick T. Collins Quoted by NBC News on Spirit Airlines Bankruptcy and Potential Liquidation
According to recent reports, Spirit Airlines may be nearing liquidation as it struggles with rising jet fuel costs, ongoing operational challenges, and a…
Suffolk County Filing Period for Real Property Tax Grievances Begins May 1, 2026
The Suffolk County deadline for filing a property tax grievance is always the third Tuesday in May – this year, falling on May…
Farrell Fritz Hosts NYSBA ComFed Mentorship Program Kick-Off Event
Farrell Fritz is excited to host the 2026 Mentoring Committee Program kick-off event, organized by NYSBA’s Commercial & Federal Litigation Section, next week…
Farrell Fritz, P.C. (“Farrell Fritz”) experienced a data security event that may have involved personal information belonging to certain individuals and is providing…
Cheryl A. Kraus Recognized in the City & State 2026 Who’s Who in Government Relations
Farrell Fritz is proud to announce that Cheryl A. Kraus has been recognized in City & State 2026 Who’s Who in Government Relations,…
A Cross-Country Trio of Appellate Decisions Tackles Novel LLC Disputes
As I have written in the past, and repeat here, the statutes and judge-made law governing disputes among co-owners of closely held entities can…
Planning Around New York’s Gift Clawback: Managing Income and Estate Tax Exposure
It is important to consider that gifts made within three years of a decedent’s death are “clawed back” into a decedent’s New York…
In 2024, the New York Legislature enacted Real Property Law (“RPL”) § 424, which codified New York’s public policy in favor of transfer-on-death…
Off-the-Table: Pre-Exit Founder Liquidity in Venture-Backed Startups
For founders and executives at venture-backed startups, equity is often the centerpiece of compensation – and the primary driver of long-term wealth. But…
Liquidated Damages or Unenforceable Penalty?
This one hurts to write about (from a trial lawyer’s perspective). Imagine this: Your client sues his former business partners for breach of…
Farrell Fritz is proud to announce Joanna Hazelton has been named a member of the Board of Directors of the Long Island Chapter…
As financial services firms continue to invest billions in new technologies — from AI platforms to digital workforce tools — one critical factor…
Laura K. Fallick Appointed to the Alzheimer’s Association, Long Island Chapter Board of Directors
Farrell Fritz is proud to announce the recent board appointment of Laura K. Fallick at the Alzheimer’s Association, Long Island Chapter. The Alzheimer’s…
Neil V. Carbone Quoted in MarketWatch on Trusts, IRAs, and Estate Planning Pitfalls
Farrell Fritz Trusts & Estates partner Neil V. Carbone was recently quoted in MarketWatch’s The Moneyist column, offering insight into common estate planning…
Can Majority-Authorized Action Still Breach Fiduciary Duty?
Some NYBD posts have staying power. Of the hundreds of posts on this site, my practice brings me back, over and over again,…
The Fine Print of 529 Plans: What New York Doesn’t Cover
Section 529 plans provide a tax-advantaged way to save for education expenses, but account holders should be mindful of important differences between federal…
Considerations for Municipalities When Zoning EV Charging Centers
As demand for electric vehicle infrastructure accelerates, municipalities face new challenges. In his latest New York Law Journal article, Farrell Fritz partner Anthony S. Guardino examines why zoning laws and development standards may need to evolve to keep pace.
Robert M. Harper will be speaking at the New York State Bar Association program “Full House, Split Deed: Real Property Multi-Beneficiary Ownership Issues…
It’s War! Chef’s Table at Brooklyn Fare
Is it the egos? The profits? The risk? The stress? The often poorly-done contracts? Some combination of all of the above? Hard to…
Business Divorce Cases of 2025
For the third consecutive year, this column features an important appellate decision—this time by the First Department—rejecting treatment of an estate fiduciary of…
Privacy Wins the Day: A Meaningful FOIL Decision out of New York
A recent decision from the New York Court of Appeals delivers an important reminder: transparency has limits—especially when it comes to personal privacy….
Nassau County ASIE Filings Due April 1, 2026
As we approach April Fools’ Day 2026, commercial property owners in Nassau County are faced with a much less entertaining deadline on April…
Can a three-person minority outvote a four-person majority to oust the majority-appointed, longtime CEO of a profitable company (who also happens to be…
Practice AreasTrusts & EstatesEstate LitigationPrivate Client
The Risk of Using Generative AI: Did You Waive Your Attorney-Client Privilege?
On February 10, 2026, Judge Rakoff of the United States District Court for the Southern District of New York answered that question with…
When seeking a default judgment, parties often assume that an unanswered complaint puts them in the driver’s seat for a quick and early…
New York Real Property Law Journal’s 2026 Symposium “100 Years of New York Real Property Law”
Anthony S. Guardino will be speaking at the New York Real Property Law Journal’s our 2026 Symposium, “100 Years of New York Real…
American Heart Association 24th Annual New York Trusts & Estates Conference
Robert M. Harper will be speaking at the American Heart Association’s 24th Annual New York Trusts & Estates Conference on the panel “Ethically…
IRS Releases 2026 “Dirty Dozen” List of Tax Scams
Last week, the Internal Revenue Service (“IRS”) announced its annual Dirty Dozen list of tax scams. The Dirty Dozen lists twelve of the…
Michelle E. Espey Recognized in the City & State 2026 Trailblazers in Law
Farrell Fritz proudly congratulates Tax partner Michelle E. Espey on her recognition in the City & State 2026 Trailblazers in Law. City &…
Although publicly exchanged crypto is less than two decades old, it’s already transformed how individuals, institutions and governments conceptualize and regulate digital value. As new crypto, blockchains and trading platforms continue to develop, novel tax and reporting challenges will inevitably arise. By understanding these developments, advisors can better protect clients’ digital wealth and facilitate its smooth succession to future generations.
Winter Case Notes: A Partnership Masquerading as an LLC, and Other Recent Decisions of Interest
Here in New York, we’re about to say goodbye to a winter season like we haven’t seen in many years: prolonged, bitter cold;…
New York Trusts and Estates Legislative Developments of Which to be Aware in 2026 and Beyond
Last year, the New York Legislature (the “Legislature”) enacted, and Governor Kathy Hochul signed, into law several pieces of legislation that are likely…
Avigail Goldglancz Joins Farrell Fritz as a Partner in Expanding Trusts & Estates Practice
Farrell Fritz is pleased to announce that Avigail Goldglancz has joined the firm as a Partner in its Trusts & Estates practice, further…
RICO Strikes (Out) Again in the Commercial Division: Bank of India v Anaya Gems
I have a soft spot for civil RICO: treble damages, enterprise allegations, the chance to elevate ordinary fraud into something operatic. But, as…
Robert M. Harper will be speaking at the Suffolk County Bar Association event “Elder Law Update 2026.” For the general and elder law…
Corporate Afterlife: Deadlock and Accounting in the Winding-Up Phase
A dissolved corporation doesn’t simply vanish. It enters the winding-up phase, where the corporation must “proceed to wind up its affairs . ….
Getting Paid: Attorney Fee Awards in Surrogate’s Court
Robert M. Harper will be a presenter at the New York State Bar Association CLE “Getting Paid: Attorney Fee Awards in Surrogate’s Court.”…
LICP Talks Labor & Employment: Protecting Your Business When Employees Leave
When key employees depart, businesses can face significant risks including the loss of customers, team members, and confidential information. Join Irene A. Zoupaniotis…
From Hallucinations to Sanctions: Perils of the Use of Legal AI
A recent decision from Suffolk County Justice Linda Kevins in Cassata v Michael Macrina Architect, P.C. serves as yet another warning to practitioners…
The BCL § 1118 Buyout Election: A Powerful Defense. With Limits.
A recent decision from Manhattan Commercial Division Justice Robert R. Reed explores some of the mighty defensive powers, and some of the practical…
Nassau County Extends 2027/28 Property Tax Appeal Deadline
Nassau County taxpayers have been granted an extension of time to challenge their property taxes for the upcoming 2027/28 tax year. The Nassau…
Upon Further Review: Post-Equity Forfeiture Non-Competes Enforceable Again in Delaware
In June 2025, New York Venture Hub published “The Forfeited Equity Trap: Why Your Non-Compete Might Be Worthless”. In that post, I blogged…
Ownership Without Partnership: A Lesson from the Second Department on the Plight of the Assignee
Just a few weeks ago, Frank McRoberts authored a post titled, “The Pick-Your-Partner Principle.” It featured a more-than-decade old case about the dissolution…
New Report Highlights Increase in Lifetime Real Estate Transfers in the U.S.
Leaving real estate to heirs through a will or a revocable trust has long been standard practice in estate planning. Many clients expect…
When SAFE is Stock: Implications of Series SAFE Preferred
Early-stage startup financings have long reflected a tension between transactional efficiency and legal precision. Instruments such as convertible notes and SAFEs were developed…
In Delaware, You Live or Die Under Your LLC Operating Agreement
Put on your Member B hat in the following not-so-hypothetical fact pattern: Member A and Member B form a Delaware LLC to invest…
Fiduciary duty claims between closely-held business owners are commonplace in litigation before the Commercial Division. A decision last fall from Suffolk County Commercial…
As the year 2025 drew to a close, the Appellate Courts were busy rendering opinions impacting the field of trusts and estates. Consider…
The IRS has published new FAQs explaining how Executive Order 14247, Modernizing Payments To and From America’s Bank Account (the “Order”), will reshape…
For Close Business Owners, the Toothless Notice of Pendency Remedy Unexpectedly Gets Some Bite
It’s one of those dismaying rules of law many business owners don’t learn until they litigate. Contrary to popular belief, a business owner…
Health Law: Broad Practice on the Cutting Edge
As a healthcare lawyer and the current Chair of the New York State Bar Association Health Law Section, I am frequently called upon…
Practice AreasTrusts & Estates
Court of Appeals Reaffirms SEQRA Standing for Affected Property Owners
New York’s State Environmental Quality Review Act (SEQRA) plays a key role in its municipalities’ decision-making. Designed to ensure that environmental considerations are…
Azriel Baer Quoted in CoinDesk on Protecting Crypto Assets in Estate Planning
As digital assets become a more common part of family wealth, estate planning is getting more complex and the stakes are higher than…
Mark R. Ustin Named to City & State NY’s 2026 Trailblazers in Healthcare List
Farrell Fritz is proud to announce that partner Mark R. Ustin has been named to City & State New York’s 2026 Trailblazers in…
Can an Equitable Accounting Find the Missing Cash?
Allegations of missing cash are a familiar feature of business divorce litigation, particularly in restaurants and other cash-heavy businesses. When the books are…