Much has been written over the past decade, in this journal and elsewhere, about the manipulation of the London Inter-Bank Offered Rate (LIBOR) and the subse-quent decision to end its use as a benchmark interest rate. This article addresses the challenging issue of LIBOR transition—that is, moving from LIBOR to another benchmark rate—for asset-backed securities such as residential mortgage-backed securities (RMBS). RMBS is one of a class of assets that face the complication of two levels of transition: LIBOR-indexed mortgage notes that are assets of an RMBS securitization trust, and LIBOR-indexed interest rates paid on the securities issued by the securitization trust. Read more>>
The firm’s lawyers write for the New York Law Journal and for other print and online publishers. In particular, Harvey Stone and Richard Dolan write the Eastern District Roundup, a monthly New York Law Journal column summarizing notable decisions in the Eastern District of New York.
Here’s What You Need to Know About the COVID-19 Vaccine, the ADA and EEO Laws The introduction of Covid-19 vaccines is raising new legal issues that employers are grappling with as they consider bringing employees back to physical workspaces. Specifically, employers may have questions regarding whether or not they can require returning employees to take COVID-19 vaccines, and to what extent they can ask employees for proof that they are fully vaccinated without conflicting with the Americans with Disabilities Act (“ADA”).
Schlam Stone & Dolan commercial litigation attorney Joshua Wurtzel published an article in this week's New York Law Journal advising commercial landlords on how to maneuver through the challenges posed by the COVID-19 pandemic.
In their column on International Criminal Law and Enforcement, Vera M. Kachnowski and Alexandra M.C. Douglas examine the case of a Turkish bank claiming immunity from prosecution under the Foreign Sovereign Immunities Act. Read More>>
On October 6, 2020, Governor Cuomo issued a new executive order closing “non-essential” businesses in certain zip codes based on increased COVID positivity rates in those zones. Seven months into the pandemic, it is time to reevaluate the constitutionality of this approach that has so devastated small businesses. Read more>>
Christopher Dyess describes potential employer liability for workers who contract COVID-19 on the job and makes suggestions for reducing legal risks.
SSD partner Elizabeth Wolstein discusses possible Fifth and Fourteenth-Amendment implications of business shut-down orders.
Although the COVID-19 pandemic is far from over, litigation is already well under way. Christopher Dyess discusses potential workplace claims in this New York Law Journal article.
Prior to the Covid-19 pandemic, a defendant's application for compassionate release from a federal correctional facility was often seen as “frivolous on its face.” The Covid-19 health crisis changed all of that. In this Law360 article, Jolene LaVigne-Albert analyzes the issue of the administrative exhaustion requirement: in the midst of the pandemic, a court's willingness to waive the 30-day waiting period could become a matter of life or death.
Travel restrictions and “shelter in place” orders have caused businesses to lose revenue on an unprecedented scale. In this article, Bradley Nash discusses issues confronting business owners who want to file business interruption insurance claims to cover some of these losses.