CFOs are adopting a more comprehensive approach to cybersecurity to combat AI-driven threats and navigate regulatory challenges. Partners Jessica Lipson, Esq., CIPP US, co-chair of our Technology, Data and IP Practice, and Brian Forman, chair of our Investment Funds and Advisers Practice, told Private Funds CFO that recent reforms have made cybersecurity vigilance more challenging. “There are so many different requirements, from so many regulatory bodies,” Jessica said. Jessica suggested that when looking for cybersecurity staff, the best candidates will have robust case studies. “Vetting providers involves pulling out the war stories. Find out what happened when that breach was discovered at 2am, and what the vendor did, so that you can understand their approach, and how they think about security,” she said. Relatedly, Brian addressed concerns about the Department of Homeland Security’s proposed new cybersecurity rules mandating that material breaches be announced to the federal government within 72 hours. “We hope that when the rules are finalized it will become clear how the regulator defines ‘materiality’ in terms of a breach,” he said. Exact disclosure requirements are also unclear. “If a firm is to report a breach, what are they supposed to include in that report?” Brian posited. “If it’s the cause of the breach, that can take forensic investigators weeks or months to discern.” Private Funds CFO subscribers, read the full article here: https://lnkd.in/eMRybnG2 Read more here: https://lnkd.in/egAm2ZBc #Cybersecurity #Technology #DataSecurity #PrivateFunds
About us
Morrison Cohen gives you the best of all worlds: the range of experience of a full-service law firm, the personalized, senior-level attention of a boutique firm and the exceptional legal acumen of accomplished practitioners. We are consistently ranked as one of the nation’s best midsize firms, including being named to Vault’s 2024 Best Midsize Law Firms for Diversity and their Top 150 Under 150 list of midsize firms. Our clients receive a full array of legal services across various sectors, benefitting from our lawyers’ ability to collaborate across service lines to structure, negotiate and consummate complex business matters. We leverage the broad range of public and private experience of our transactional lawyers and the trial experience of our renowned litigators and special appellate counsel to deliver end-to-end, business-oriented solutions that optimize outcomes for our clients.
- Website
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http://www.morrisoncohen.com
External link for Morrison Cohen LLP
- Industry
- Law Practice
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Partnership
- Founded
- 1984
- Specialties
- Corporate, Business Litigation, Compensation, Benefits & Employment, Real Estate, Tax, Individual Client Services, Private Equity, Appellate, Business Solutions, Restructuring & Governance, Labor & Employment Law, Alternative Dispute Resolution, Technology, Privacy & Intellectual property, and Digital Assets
Locations
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Primary
909 Third Avenue
New York, NY 10022, US
Employees at Morrison Cohen LLP
Updates
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📅 Morrison Cohen Chair and Co-Managing Partner Y. David Scharf will moderate a panel discussion, “Expanding Miami Lifestyle: An Epicenter of Hospitality, Arts & Culture,” at the Commercial Observer's South Florida Development & Capital Leadership Forum. David will be joined by Joe Furst, founder and managing principal of Place Projects and Jessica Goldman Srebnick, co-chair of Goldman Properties. The panel will discuss opportunities for creative developers and investors to be successful in the Miami market, given the city’s world-class hotels, restaurants, and sports and entertainment venues, and a tourism industry that attracts millions of visitors annually. Date: October 9, 2024 Location: The Bath Club, Miami Beach, FL Learn more and register here: https://lnkd.in/eUTb6s2G Read more here: https://lnkd.in/etuw8iGp #RealEstate #CommercialRealEstate #Leadership
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We are proud to announce that Morrison Cohen has achieved Midsize Mansfield Certification for the second consecutive year, underscoring our unwavering commitment to diversity, equity and inclusion within the legal profession. “Morrison Cohen’s recommitment to the Mansfield process is a testament to our culture, where we foster a sense of belonging and ensure that everyone feels valued and empowered in the workplace,” said Morrison Cohen COO Jenni Eastman. “We firmly believe that by honoring and advancing professionals with diverse backgrounds, perspectives and experiences, we enhance our own strength and success and better serve our clients and community.” Read more here: https://lnkd.in/eiN5EaZ8 #Inclusion #EqualOpportunity #Mansfield #MansfieldRule #DiversityLab #MansfieldCertified Diversity Lab
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⛳ In honor of Breast Cancer Awareness Month, Morrison Cohen was proud to sponsor, and participate in, the Cancer Support Community Greater NY & CT at Gilda's Club ’s Club Golf Classic. Partners Steven Cooperman, Ed Gilbert, Jeff Laska and Daniel J. Studin enjoyed a day on links to support the mission of the Cancer Support Community Greater NY & CT at Gilda's Club, which provides counseling, support groups, workshops, education and social activities, free of charge, for everyone living with cancer. Morrison Cohen was pleased to do our small part to honor our colleagues, clients and friends impacted by cancer. Learn more about ways to give to the Cancer Support Community Greater NY & CT: https://lnkd.in/eg3y-BaA #BreastCancerAwareness #CancerSupport #Community
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📅 Partner Jason Gottlieb, chair of our Digital Assets Practice and White Collar and Regulatory Enforcement Practice, will participate in a panel discussion on Litigation Developments at the Fordham Law Blockchain Regulatory Symposium. Jason will be joined by panelists: Brian Klein, Partner, Waymaker LLP Katherine Minarik, Chief Legal Officer, Uniswap Labs Kayvan Sadeghi, Partner, Jenner & Block Matthew C. Solomon, Partner, Cleary Gottlieb Steen & Hamilton LLP Moderator Samson Enzer, Partner & CahillNXT Co-Chair, Cahill Gordon & Reindel LLP The full day event includes fireside chats with U.S. Securities and Exchange Commissioner Hester Peirce and Senior Judge Jed S. Rakoff, U.S. District Court, Southern District of New York. Invitation Only Date: October 7, 2024 Location: Fordham Law School, Lincoln Center Campus Learn more here: https://lnkd.in/eZaenKcF Read more here: https://lnkd.in/e--2SiGu #Blockchain #Crypto #DigitalAssets
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The SEC recently dropped charges against at least eight accountants facing charges for inadequate audit work. Is the regulator responding to the Supreme Court’s Jarkesy ruling? Partner Richard Hong told Bloomberg Tax that the SEC does appear to be reacting to the ruling, which limited the SEC's authority to handle securities fraud cases through administrative proceedings. Richard, a former SEC trial lawyer and federal prosecutor, explained that bars and suspensions could be considered punitive under the Jarkesy decision. “The SEC might be concerned that Jarkesy can be read broadly to cover those things,” he stated. While the SEC is now being more strategic in the wake of Jarkesy, Richard surmised that the regulator’s administrative options have not ended entirely. “It is severely impaired, but I don’t think it’s dead,” he said. Read the full article here: https://lnkd.in/eJQeV-KT Read more here: https://lnkd.in/dbgqZEp8 #BusinessLitigation #SEC
SEC Drops Auditor Misconduct Cases After In-House Judges Ruling
news.bloombergtax.com
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Private equity firms are pursuing diverse investment opportunities around fertility, an issue with affects 25% of women worldwide. In a PE Hub article that rounds up five notable PE-backed deals in the fertility space, Partner Randi Mason, who works with private investment funds as co-chair of our Corporate Practice, spoke of the opportunities that are particularly interesting in the fertility sector, such as apps and app tie-in wearables. For example, she said, “Oura Ring has partnered with a period tracking app that monitors your temperature and can predict your ovulation. It takes a lot of the work out of monitoring peak fertility. I think we’ve seen a lot of things along those lines.” Subscribers to PE Hub may read the full article here: https://lnkd.in/eRbNik2F Read more here: https://lnkd.in/eJ4i2PtJ #CorporateLaw #PrivateEquity #MergersAndAcquisitions #Fertility #WomensHealth
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🎾 Morrison Cohen Chair & Co-Managing Partner Y. David Scharf, in his role as USTA Foundation Board Secretary, honored Anna Wintour at the US Open with a special paver on the Avenue of Aces for her long-time support of the USTA Foundation, the USTA’s philanthropic arm. In his introduction, David stated, “We are thrilled to be able to recognize Anna Wintour, the editor-in-chief of Vogue and global chief content officer of Condé Nast. In her classy, elegant and understated way, Anna’s friendship and support has been ongoing for over two decades.” While Wintour joked that she is a “terrible tennis player,” she has been a champion of the USTA Foundation’s mission to use tennis as a vehicle to prepare youth from under-resourced communities for life both on and off the court. Wintour was joined by fashion designer Vera Wang, who also has a paver on the Avenue, former USTA Foundation Chairperson James Blake, philanthropist Cheryl Scharf, USTA CEO and Executive Director Lew Sherr, and USTA Foundation CEO Ginny Ehrlich. Read more here: https://lnkd.in/e9-2sRhi #NonProfit #Fundraising #SocialImpact
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Why has the “Versailles in Manhattan” townhouse been on the market for 21 years? Chair and Co-Managing Partner Y. David Scharf recently spoke to the New York Post about the years-long struggle to sell the grand Upper East Side townhouse, owned by Morrison Cohen client Kenneth D. Laub. The property, once listed at $35 million, is now seeking $15.99 million. David told The Post that several potential sales have fallen through over the past few years, some due to the “non-cooperation of the lenders.” Before the pandemic, there was a firm offer for about $17.5 million, but “we couldn’t get all the parties together quickly enough and lost an excellent sale,” he said. “Properties like this are unique,” David continued. “They have individual features and it is difficult to compare. Like all unique properties, it is subject to many vagaries. All it takes is one person who really wants it to pay $18 million, and all you need are two people to have it suddenly be a $19-million or $20-million sale.” Read the full article here: https://lnkd.in/eeRww4K2 Read more here: https://lnkd.in/eWPDAgiw #RealEstate #CommercialRealEstate
Exclusive | Why the ‘Versailles in Manhattan’ townhouse has been on the market for 21 years
nypost.com
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How should private equity sponsors handle the conflicts that can arise from selling investments that have been held by a private equity fund for less than the required three-year holding period for carried interest but more than one year? With the upcoming election and recent tax proposals to increase long-term capital gain rates, private equity sponsors may feel pressure from investors to preemptively sell investments. In a recent article in Tax Notes, Partner and Chair of Morrison Cohen’s Tax Practice Isaac Grossman and Senior Counsel Hunter Book provide private equity sponsors with several strategies to navigate this conflict. Read more here: https://lnkd.in/eDAuMvU5 #TaxLaw #PrivateEquitySponsors #M&A