We provide tailored, industry-specific legal updates to our clients and other friends of the firm.
Alerts: Estate Planning Law
Estate Planning Opportunities During the Pandemic
The pandemic’s effect on the economy has led to reduced valuations for many privately-owned and publicly-traded businesses, as well as reduced valuations for real estate and other assets. At the same time, interest rates remain at historically low levels. This unique economic environment can create estate planning opportunities for certain individuals and families. Read more.
May 4, 2020
Alerts
IRS: Forgiven Paycheck Protection Program Loan Expenses Are Not Deductible
On April 30, 2020, the IRS announced in Notice 2020-32 that expenditures of CARES Act Paycheck Protection Program (“PPP”) loan funds that otherwise would be deductible for federal income tax purposes will not be deductible to the extent such loan funds are forgiven pursuant to the PPP. Read more.
May 4, 2020
Alerts: Sports Law
April Sports Industry News 2020
Here’s what’s happening at the intersection of sports, marketing, and entertainment law as we face an unprecedented and difficult entry into Spring. Read more.
May 1, 2020
Published Articles
Tips for Minimizing Law Firm Liability During COVID-19
Law360 published Nicole Hyland’s article “Tips for Minimizing Law Firm Liability During COVID-19.” The article discusses risk management issues that law firms face during the COVID-19 pandemic and offers tips for minimizing risks. View Article
April 29, 2020
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In the Press
Town Sports International: AGs Target Health Clubs For Charging Fees While Closed
MarketScreener shared Jeffrey A. Greenbaum’s blog post “Town Sports International: AGs Target Health Clubs For Charging Fees While Closed.” View Article
April 29, 2020
Courts Grapple with Virtual Proceedings in Quarantined New York
MarketWatch quotes Caren Decter on the immediate cash flow concerns due to the hold on nonessential court filings for current cases in New York State courts. View Article
April 28, 2020
Alerts: Employment Law
EEOC Permits Employers to Test for COVID-19
This week, as parts of the nation began returning to work, the EEOC responded to an increasingly urgent question: May employers test employees for COVID-19? Read more.
April 27, 2020
In the Press
Ryan Hurst, Kristen Schaal Cast in Hulu’s ‘Mysterious Benedict Society’
The News Trace mentions Frankfurt Kurnit as counsel to MaameYaa Boafo who is cast in Hulu’s upcoming collection adaptation of “The Mysterious Benedict Society.” View Article
April 27, 2020
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In the Press
Encantos Launches New Fellowship Program to Discover the Next Generation of Underrepresented Talent
StreetInsider.com mentions Lisa E. Davis as one of the mentors in the Encantos Fellowship program. View Article
April 27, 2020
In the Press
Meryl Poster Options Allison Winn Scotch’s Novel ‘Time Of My Life’ Under Sony Deal
Deadline mentions Victoria Cook as counsel to producer Meryl Poster who optioned the rights to the novel "Time of My Life” under a new deal at Columbia Pictures which Victoria negotiated. View Article
April 27, 2020
Alerts
PPP Loan Program Updates: Additional Funding and Additional Guidance
The Frankfurt Kurnit Corporate Group has been tracking developments in the Paycheck Protection Program (the “PPP”), adopted as part of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). In this alert we highlight some key developments since our last update. Read more.
April 27, 2020
Alerts: Sports Law: In the Press: Quoted
As Facetime Photoshoots Find Favor in Fashion, What Does That Mean for Authorship and Ownership?
The Fashion Law quotes Jeremy S. Goldman on authorship and ownership questions surrounding the rise of FaceTime and Zoom photoshoots. View Article
April 26, 2020
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In the Press: Praise
Frankfurt Kurnit in Chambers 2020
For the sixteenth consecutive year Chambers and Partners included Frankfurt Kurnit practice groups & attorneys. The 2020 guide praised our Advertising, Entertainment and Intellectual Property practices. In addition, 13 of our attorneys are ranked individually. Read more.
April 24, 2020
In the Press: Quoted
Pierce Bainbridge Funder Targets Ex-Partners In Debt Chase
Law360 quotes Ronald C. Minkoff about a funders’ purported lien on Pierce Bainbridge assets. (Behind paywall) View Article
April 23, 2020
In the Press: Quoted
Pandemic Pastime: Playing Esports Against Strangers, With Cash at Stake
The Wall Street Journal quotes Sean Kane on the legality of betting on one’s ability to win at competitive videogames. View Article
April 22, 2020
In the Press: Quoted
Online Retailer Fashion Nova Settles With FTC Over Refunds, Shipping Delays
MediaPost Raw quotes Jeffrey A. Greenbaum on the FTC’s recent complaint against online retailer Fashion Nova over their failure to properly refund customers. Mr. Greenbaum notes this case is a warning to other online retailers. View Article
April 21, 2020
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In the Press: Quoted
Michigan Should Revoke Restrictions On Ads By Big-Box Retailers, Industry Argues
MediaPost quotes Jeffrey A. Greenbaum on the Michigan Governor’s order restricting advertisements. View Article
April 17, 2020
In the Press
In Case You Missed It: Hottest Firms and Stories on Law360
Law360 lists Ronald C. Minkoff’s article “Judicial Shaming of Attorneys is Troubling Even During Pandemic” as one of the top 10 most read expert analyses. (Behind Paywall) View Article
April 13, 2020
Alerts
IRS Provides Further Coronavirus-Related Tax Relief
Individuals or corporations that have quarterly estimated tax payments due between April 1 and July 15, 2020 can wait until July 15 to make that payment without penalty. Read more.
April 9, 2020
In the Press
Lexology Getting the Deal Through: Advertising & Marketing 2020
Lexology Getting the Deal Through published the 2020 edition of Advertising & Marketing. Terri Seligman and Rick Kurnit authored the USA Chapter and Rick served as contributing editor. View Article
April 9, 2020
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Alerts
Interactive Entertainment Alert
In recent years the video game industry has been the subject of several lawsuit trends, including suits related to dance moves within video games and suits related to tattoos on persons depicted in video games. Two recent victories for game publishers have altered the risk calculus for use of third-party intellectual property. Read more.
April 9, 2020
In the Press: Quoted
Small Law Firms, Solo Lawyers Strain for Relief in $350B Pandemic Loan Program
The American Lawyer quotes Tyler Maulsby on the challenges law firms face when applying for Paycheck Protection Program relief. (Behind paywall) View Article
April 8, 2020
In the Press
Global Advertising Lawyers Alliance to Host COVID-19 & Consumer Protection Webinar
Shoot Online mentions the Global Advertising Lawyers Alliance webinar, “COVID-19 & Consumer Protection: Global Advertising in a Time of Crisis.” Jeffrey A. Greenbaum is a speaker during the webinar. View Article
April 8, 2020
Alerts: Estate Planning Law
Executive Order 202.14 Allows Audio-Video Witnessing for Execution of Wills, Trusts, Powers of Attorney, Health Care Proxies, and Appointments of Agent for Disposition of Remains
On April 7, 2020, Governor Cuomo issued Executive Order No. 202.14, which allows for audio-video witnessing of Wills, Trusts, Powers of Attorney, Health Care Proxies and Appointments of Agent for Disposition of Remains. Read more.
April 8, 2020
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Alerts
COVID-19 and Commercial Leasing: What New York Landlords and Tenants Need to Know
A series of New York Executive Orders in response to COVID-19 are now interrupting normal business operations for nearly all landlords and commercial tenants -- including in the office, retail, restaurant and manufacturing sectors. Read more.
April 6, 2020