Morrison Cohen LLP

Thank you to leading legal directory Chambers and Partners for including us, for the third year in a row, in its High Net Worth Guide 2024. Morrison Cohen was ranked in Band 3 for Private Wealth Law: Mid-Market New York, and Partners Darcy Katris and G. William Haas were named Band 2 and 3 practitioners, respectively. We are honored that our clients and peers provided the strong feedback and positive recommendations that helped us achieve this recognition! Read more in Chambers: https://lnkd.in/ew9yVg43 Read more here: https://lnkd.in/etY3YT7g #HighNetWorth #ClientService #PrivateWealthManagement

What is a deepfake scam, and how can your business safeguard against falling victim to one? In our latest Client Alert, “Top Tips for Protecting Your Business from Deepfake Scams” – the second in our series on safely navigating the cyber landscape – our Technology, Data & IP lawyers, Jessica Lipson, Esq., CIPP US, Fred Perkins, Tess Bonoli and Allison O’Hara, with technical insights from our Chief Information Security Officer, Thomas Catenaccio, discuss common deepfake scam tactics and how to spot red flags. Our Technology, Data & IP team is available to assist clients with any questions regarding potential deepfake issues, including mitigating the effects of deepfake scams and developing and implementing protocols aimed at reducing a business’s susceptibility to deepfakes. Read more here: https://lnkd.in/esjDzmk8 #IntellectualPropertyLaw #IP #Deepfake #Scams

Partner Christopher Milito was quoted in a July 16 article in The Real Deal that discussed a lawsuit filed by Morrison Cohen on behalf of developer Acier Holdings against lender Parkview Financial, stating that Parkview is undercapitalized and failing to fund The Halo, a massive three-tower development in Newark. Christopher stated, “We expect that the courts will compel the lender to act appropriately and award our clients the damages its failures have caused.” Read the full article here: https://lnkd.in/ekZZ8A8e Read more here: https: //https://lnkd.in/e3zz_yF6 #Litigation #RealEstate

Law.com Pro quoted Partner Keith Markel in an article about the launch of Morrison Cohen’s Luxury Brands industry sector. The new group was created in response to an increase in work from the firm’s luxury brand clients. "Luxury retail has become a predominant part of our practice over the past 10 years," said Keith, who co-chairs the Labor & Employment practice. "Since COVID, we have been working hand in hand with a lot of luxury retail brands with respect to their day to day employment issues." The Luxury Brands team is led by Keith, Andy Bank, chair of the firm's Real Estate practice, and Karim Momin, co-chair of the firm's Emerging Companies and Venture Capital practice. The trio regularly work with luxury brand clients across the U.S., Europe and Australia. Law.com subscribers can read the full article here: https://lnkd.in/ehxMwm6h Read more here: https: https://lnkd.in/e2UMM4pd #LuxuryBrands #LuxuryLaw #ClientService

Cross-border investments can be tricky because parties often are coming from different perspectives. In a recent article in Bloomberg’s Tax Management International Journal, Partner and Chair of the Tax Practice Isaac Grossman discussed several key US tax concerns facing US investors making capital investments abroad. Isaac explained how understanding these issues can help non-US companies smoothly structure and, ultimately negotiate, a mutually beneficial arrangement with US investors. 💡 US Income Tax Status of the Issuer 💡 Special US Status 💡 US Tax Status of the Instrument 💡 US Tax Rates 💡 Local Tax Obligations 💡 Availability of Tax Information 💡 Financial Reporting Read the full article here: https://lnkd.in/eAXKueTu #TaxLaw #CrossBorderInvestments

Congratulations to Hunter Book on being promoted to senior counsel in our Tax Practice. “Hunter’s knowledge and experience with complex tax matters is an asset to our firm, and his promotion to senior counsel is well-deserved,” said Isaac Grossman, partner and chair of the Tax Practice. Hunter advises clients across a range of industry sectors on complex tax issues arising in mergers and acquisitions, partnerships and private investment funds. Learn more about our Tax Practice here: https://lnkd.in/ehBW2tpN #Leadership #LawFirmLeaders #TaxLawyers

🏆 We are thrilled to debut at #9 for Firm Culture in Vault's annual associate survey this year! The firm is also included on its list of "Top 150 Under 150" law firms and is ranked Top 25 in 13 categories for 2025, including five new categories. Significantly, Morrison Cohen leaped to #17 (from #24) in Best Midsize Firms to Work For; #10 (from #19) in Associate/Partner Relations; and #15 (from #25) in Compensation. In addition to Firm Culture, new categories for the firm included Satisfaction; Quality of Work; Informal Training, Mentoring & Sponsorship; and Career Outlook. “We are thrilled to be included in an impressive 13 categories in Vault’s Top 25 rankings and to make major leaps in almost every category,” said Morrison Cohen Chair & Co-Managing Partner Steven Cooperman. “We are particularly proud of our debut in the top 10 for Firm Culture. We proactively foster a collegial and friendly work environment, where we value inclusion, engagement and exceptional client service, and it is gratifying to see our people-first efforts recognized in Vault’s rankings and feedback.” Read more about Morrison Cohen’s inclusion in Vault’s “Top 150 Under 150” here: https://lnkd.in/eD3qG6Vr Read more here: https://lnkd.in/eNiYh7C4 #Culture #Community #Results

Morrison Cohen client Ziel Feldman scored a win in a lawsuit brought by Wix Co-Founder Avishai Abrahami. Business Litigation Partner David Ross successfully defended a complex summary judgment motion on behalf of Feldman, the former CEO of real estate firm HFZ Capital Group. The Court, which adopted many of David’s arguments, denied Abrahami’s summary judgment motion, which sought a judgment in excess of $30 million. Earlier this year, Nir Meir was charged by prosecutors as the mastermind behind an $86 million criminal fraud scheme that involved moving money from different HFZ projects. In the instant lawsuit brought by Abrahami, he sought to hold Feldman responsible for a guarantee on a $30 million loan secured in the fall of 2020. However, New York Supreme Court Justice Andrea Masley ruled that Feldman cannot be held liable on the guarantee and ordered the case to go to trial. Justice Masley further said that “Meir misappropriated most of the proceeds from the Abrahami loan,” and that “a trial is necessary to determine whether Feldman ratified the guarantee.” “We are pleased with the court’s well-reasoned decision,” David told The Real Deal. The ruling could be consequential for Feldman who can likely use the judge’s decision to further appeal other lawsuits where judges have ruled that Feldman should be responsible for loans bearing his signature. Read the full article here:  https://lnkd.in/ezZbqTCf https://lnkd.in/esbq4f-5 #BusinessLitigation #RealEstateLitigation

Attention Employers: On July 3, 2024, the U.S. District Court for the Northern District of Texas issued a limited preliminary injunction staying enforcement of the Federal Trade Commission's (the “FTC”) Final Rule banning non-compete agreements (the “Final Rule”) solely with respect to the named plaintiffs in Ryan LLC v. Federal Trade Commission. This means that the FTC may not enforce the Final Rule against Ryan LLC, the U.S. Chamber of Commerce, the Longview Chamber of Commerce, Business Roundtable and the Texas Association of Business. However, in her ruling, Judge Ada Brown signaled that the plaintiffs are likely to succeed on the merits and that a full nationwide injunction may follow. Judge Brown intends to rule on the merits by August 30, 2024. For now, non-competes remain effective and enforceable to the same extent as prior to the Final Rule. The Morrison Cohen team continues to monitor these challenges and is available to provide additional information. Read more in the latest Client Alert from Compensation, Benefits and Labor & Employment lawyers Jeff Laska, Alina Grinman, Keith Markel, Jeffrey Englander, John B. Fulfree, Brian Snarr, Tali Newman and Michael McGovern. https://lnkd.in/ezGBQYdb #LaborLaw #EmploymentLaw #NewYorkLaborLaw #WageandHour #Overtime

We are excited to announce the launch of our Luxury Brands practice! With a long history of representing many of the most exclusive and sophisticated public and private brands, Morrison Cohen's luxury group helps clients ranging from startups to the most established names in luxury fashion with a full spectrum of legal services, including day-to-day strategic advice and counseling on operations and employee relations, labor and employment, real estate and construction, corporate transactions, commercial contracts, technology, brand protection and intellectual property matters, and business-related disputes.   The group is led by Keith Markel, co-chair of the firm’s Labor and Employment practice, Andy Bank, chair of the firm’s Real Estate practice, and Karim Momin, co-chair of the firm’s Emerging Company and Venture Capital practice.   “After advising countless luxury brands on the most sophisticated matters for years, we are excited to formally launch this A-team to further support our clients and prospective clients in this ever-growing sector,” said firm Chair & Co-Managing Partner, Y. David Scharf. “As our clients’ needs have expanded and we’ve started to provide multidisciplinary services to meet them, it inspired us to move from providing à la carte offerings to a full-service package.” “We are thrilled to bring together our collective, in-depth knowledge of the luxury retail market,” said Keith. “We are incredibly grateful for the long-term partnerships we’ve developed with our clients over the years, and we are looking forward to building on those relationships as we work together to help brands navigate the ever-evolving post-pandemic retail climate in a manner that ensures their continued success. We don’t just provide legal guidance; we provide sustainability advice for our clients to prosper in any financial climate.”  Read more here: https://lnkd.in/ePGDnCdP #LuxuryBrands #LuxuryLaw