Indemnification for Wage and Hour Related Violations–Developments Under New York and Federal Law

Corporate practitioners and their clients are accustomed to allocating risks between parties through the use of indemnification clauses in various commercial transactions. The rules differ with respect to indemnification of wage related exposures. This article addresses the evolution and recent developments about enforcement of wage-related indemnification provisions. It also provides guidance for addressing wage related risks in connection with the purchase and sale of businesses.…

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Amendment To Insurance Law Regarding Supplemental Spousal Liability Coverage Under Automobile Insurance Policies Effective August 1, 2023

Until August 1, 2023, supplemental spousal liability insurance was an optional coverage available under automobile insurance policies issued in New York State that few drivers purchased. However, as of August 1, 2023, New York Insurance Law § 3420(g) was amended to provide that supplemental spousal liability insurance is automatically included in all new or renewal automobile insurance policies issued in New York State on or…

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Four Female Forchelli Deegan Terrana LLP Attorneys Featured in 2023 Women in CRE Spotlight

Forchelli Deegan Terrana LLP Land Use & Zoning partners Judy L. Simoncic and Kathleen Deegan Dickson, Real Estate partner Lindsay Mesh Lotito, and Tax Certiorari attorney Julia J. Lee were featured in the New York Real Estate Journal‘s 2023 Women in Commercial Real Estate Spotlight.

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Multifamily Assets Suffer Excessive Property Taxation

Multifamily construction and renovations are enjoying a resurgence after taking a pause during the pandemic. And with residential, apartment-style rental units back in vogue with renters and investors, developers are even converting underutilized office buildings and shopping malls into multifamily complexes. As developers step up construction spending to tempt renters with an assortment of amenities, tax assessors are having a field day, tabulating costs on renovations…

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Forchelli Deegan Terrana LLP has a Combined Total of 53 Attorneys Selected to the 2023 New York Metro Super Lawyers and Rising Stars Lists

UNIONDALE, NY, SEPTEMBER 22, 2023 – Forchelli Deegan Terrana LLP (“FDT”) is pleased to announce that the firm has a combined total of 53 attorneys selected to the 2023 New York Metro Super Lawyers and New York Metro Rising Stars lists. FDT congratulates the following attorneys for being selected to the 2023 New York Metro Super Lawyers list: Stephanie M. Alberts (Estate & Probate); Joseph…

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New York Salary Transparency Law Takes Effect September 17th

Employers with job postings in New York should be ready to update their job postings to ensure compliance with the New York’s Salary Transparency Law, which takes effect on Sunday, September 17, 2023. The Law Under the New York Salary Transparency Law, any job posting for a position that will be either performed in New York State, or “that will physically be performed outside of…

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Supreme Court Calls Real Property Tax Foreclosure into Question

A recent United States Supreme Court opinion has significant impact on New York’s Real Property Tax Law. Tyler v. Hennepin County, Minnesota, decided on May 25, 2023, ruled it unconstitutional for a taxing authority to foreclose upon and sell property based upon a failure to pay taxes without a procedure for the property owner to recover any surplus from the sale. In Tyler, the county…

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WHO’s WHO in Women in Professionals Services – Cheryl L. Katz-Erato

Q: What trend/issue has stood out in your industry or company this year? A: In May 2023, FDT hired me as a Partner to expand the firm’s already well-established and impressive Tax, Trusts and Estates practice group. Although my practice encompasses all facets of trusts and estates matters – i.e., estate and asset protection planning and probate and estate administration, my primary area of practice…

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Fourteen Forchelli Deegan Terrana LLP Attorneys Named to The Best Lawyers in America® 2024 & Best Lawyers: Ones to Watch in America™ Lists

UNIONDALE, NY, AUGUST 17, 2023 – Forchelli Deegan Terrana LLP’s (“FDT”) Chairman and Co-Managing Partner, Jeffrey D. Forchelli, was selected by his peers for inclusion in the 30th Edition of The Best Lawyers in America® for Land Use & Zoning Law. He has been recognized annually since 2018. FDT partner Gregory S. Lisi was recognized for a fourth consecutive year for his work in Litigation…

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Cannabis and Lending

Would there be a better business landscape today for the cannabis industry had Thomas Jefferson’s concept for the U.S. banking system prevailed in 1791? At the inception of our country, there was a bitter rivalry between those that favored states’ rights and those that supported a strong central government. Alexander Hamilton, the first secretary of the treasury, believed a strong central bank, controlled by the…

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