Firm News
Schulte Scores Victory in Lease Litigation
March 21, 2019
On March 21, 2019, the Appellate Division for the First Department affirmed the lower court’s dismissal of breach of contract, fraudulent transfer, conversion and breach of fiduciary duty claims against Stanley Arkin and his dissolved law firm Arkin Kaplan Rice LLP (“AKR”). Two former AKR partners had sued Arkin, AKR, the firm’s former landlord and its principals in 2017, alleging a purported “conspiracy” and other misconduct. The First Department held that the complaint failed “to state a cause of action” and that the plaintiffs’ arguments were “without merit.”
Michael L. Cook represented Arkin and AKR in the lower court and on appeal.
Related Insights
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]