Legal Alerts
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January 12, 2026
Groundbreaking New York Law Regulates Third-Party Litigation Funding for the First Time
On December 19, 2025, New York Governor Kathy Hochul signed the Consumer Litigation Funding Act (A804-C/S1104A) into law. The new statute takes aim at abusive third-party litigation funding practices statewide.
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January 08, 2026
New York LLC Transparency Act Took Effect January 1, 2026
The New York LLC Transparency Act (NYLTA) became effective January 1, 2026, and requires the disclosure of information concerning the beneficial owners of certain limited liability companies (LLCs) authorized to do business in New York. The NYLTA requires LLCs formed under the laws of a foreign country that are authorized to conduct business in New York to make certain beneficial ownership disclosures or to file an exemption form if they are deemed exempt from the disclosure requirement. At present, New York LLCs and LLCs that are formed in another state in the United States or in a U.S. territory, including Puerto Rico, that are authorized to do business in New York State, are exempt from the reporting requirements under the NYLTA.
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December 31, 2025
2025 Connecticut Labor & Employment Year End Review
2025 brought new developments to Connecticut labor and employment law. Changes have been made to the Connecticut Fair Employment Practices Act (CFEPA) as well as the Paid Sick Leave Law (CGS § 31-57r). The minimum wage in Connecticut has increased. Multiple impactful decisions were also issued this year by the Connecticut Appellate Court. An overview of these key updates is below.
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December 30, 2025
2025 Illinois Labor & Employment Year End Review
2025 brought significant changes for Illinois employers, driven by new legislation and regulatory updates that will soon be in effect or were recently implemented. These developments will have a substantial impact on workplace policies and practices.
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December 24, 2025
The New York State Legislature Has Drastically Changed Third-Party Practice
On December 19, 2025, Governor Kathy Hochul signed the “Avoiding Vexatious Overuse of Impleading to Delay (AVOID) Act” into law, drastically changing third-party practice in New York (see L 2025, ch 704; 2025 N.Y. Senate Bill S8071A; 2025 N.Y. Assembly Bill A08728). The AVOID Act amends Civil Practice Law and Rules (CPLR) § 1007 – the primary statute regulating third-party practice – by establishing new time limits for the commencement of third-party actions. The new law does not take effect for a few months, however, as discussed in further detail below. Attorneys, insurers, and risk management professionals should all familiarize themselves with the new standards before the effective date, so as to avoid potentially negative consequences flowing from a failure to comply.
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December 23, 2025
FTC Issues Warning Letters to Property Management Software Providers on Price Transparency
On December 8, 2025 the Federal Trade Commission (“FTC”) sent what it is describing as a “Warning Letter” to companies that provide property management software to landlords (“Software Providers”). While the letter does not speak specifically to landlords, landlords can still use the information contained in the letter to adopt best practices to avoid potential enforcement action.
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December 23, 2025
Companies Line Up with Lawsuits for Tariff Refunds
Beginning in early November, a multitude of companies have filed claims in the U.S. Court of International Trade seeking refunds of the Trump administration’s “reciprocal” tariffs imposed under the International Emergency Economic Powers Act (IEEPA) in the event that the Supreme Court determines that such tariffs are unlawful.
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December 19, 2025
OFAC Assesses $7M Civil Monetary Penalty Against Property Management Company for Willful Sanctions Violations
On December 4, 2025, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) assessed a $7,139,305 penalty against a New York-based property management company, Gracetown, Inc., for violating OFAC’s Russia-related sanctions and “for failing to file reports of blocked assets.”
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