Newsletter

Summer 2017 Newsletter Print

President's Message

Greetings!

Summer and the heat are officially here. I hope everyone is staying cool, and has great summer plans, whether traveling out of town or staying local and visiting a beach or air conditioned museum.  For those of us who happened to be in town on June 15th, our Chapter held a wonderful full day event at the Convene Center – the In-House Toolkit 2017, featuring 10 different CLE sessions, attended by over 150 members, guests and sponsors. A good time, and great information was had by one and all, followed by wine, networking, and great raffle prizes from our sponsors. This was our second core programming event of the year - mark your calendars and be ready to reserve your spot for our Compliance event on September 19 (complete with a reception after the event at the 21 Club), and our CyberSecurity Summit on November 15th. And also check our Chapter website for other upcoming events, including a summer social on July 11.

Speaking of our Chapter website, we have a proud new addition to our Chapter social media presence since our last newsletter.  The ACC-NYC now has blog - check it out at  https://accnewyorkcityblog.tumblr.com/ for pictures and information about our past events. And don’t forget to check out our Twitter feed and our LinkedIn Group.

I’m also pleased to tell you that ACC has announced the 2017 ACC Value Champions winners and our Chapter boasts one of the winners. Please join me in congratulating member James Gilmartin and the team at Bankrate for their winning initiative. The ACC Value Challenge provides resources and training for legal executives to effect change within the legal industry, and I am thrilled to have a local team take one of the prizes. You can read about their winning initiative and profile in the official press release.  

Enjoy your summer to the fullest, and I very much hope to see you at our upcoming events.  As always, this is your Chapter, and I invite you to give us feedback and suggestions, and consider volunteering for a role with the Chapter or speaking on a panel.

Best regards,

Simon Kyriakides
President, ACC New York City Chapter

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Featured Articles


The Truth about Contract Lifecycle Management
By: Rachita Maker of Integreon

Contract Lifecycle Management, or CLM, as it is more popularly known, is the end-to-end process of managing a contract’s lifecycle from initiation to execution to post-execution. Given the complex nature of both business transactions and organizational structures in our increasingly global economy, CLM can seem an inherently drawn-out and cumbersome process. [Read More]


New York Wants Its Cybersecurity Regulation to Reach Nationwide
By:Josh Garcia and Andy Roth of Cooley LLP

The new cybersecurity regulation went into effect on March 1 and requires certain financial services companies licensed under New York law, including insurance companies, to maintain a robust cybersecurity program. This mandate applies far and wide to a range of licensed entities. Various commenters have expressed concerns over how burdensome the requirements can be for small businesses. Notwithstanding this objection, Superintendent Vullo expressed that states should have a "consistent framework" and the "New York regulation is a road map with rules of the road." [Read More]


Upset about FLSA Retaliation? There's a Remedy for That
By: Michelle T. Olson and Blythe E. Lovinger of Vedder Price

As if employers were not already sufficiently concerned about potential back pay exposure posed by wage and hour lawsuits, a relatively recent appellate court decision now puts emotional distress damages in play when employees bring claims for emotional distress damages in cases involving claims of retaliation. Specifically, the Fifth Circuit held late last year that emotional distress damages are available under the anti-retaliation provision of the Fair Labor Standards Act (FLSA), 29 U.S.C. § 215(a)(3), exposing employers to heightened penalties for retaliating against employees who bring FLSA claims. [Read More]


Get Ready For U.S. Tax Reform:  Maybe It Will Happen (Or Maybe Not)
By: Thomas May of Baker McKenzie

There are few things that Democrats and Republicans can agree on but the need for U.S. tax reform seems to be one of those few things.  The United States has one of the highest statutory business tax rates in the world, i.e., 35% Federal plus state and local, but many companies can (and do), through proper U.S. tax planning, achieve a much lower effective tax rate.  When your tax rate depends largely on the abilities of your lawyers to tax plan, that's a situation that cries out for reform.  [Read More]


 The Federal Circuit Strikes Several Pharma Patents
By: Robert C. Scheinfeld of Baker Botts

It has been tough sledding recently in the Court of Appeals for the Federal Circuit
for some pharmaceutical patent owners. In three recent decisions, each pharmaceutical patent considered by the Federal Circuit was invalidated. But these cases also give insight on some important issues. The first two decisions address how the Federal Circuit reviews evidence and determinations of obviousness by the Patent Trial and Appeal Board (PTAB) in postgrant proceedings governed by the America Invents Act (AIA). The third decision clarifies a debate among the patent bar as to whether the AIA changed the law regarding the “on-sale” bar by overruling prior case law as to so-called “secret sales.” This article reports on these recent Federal Circuit decisions. [Read More]


Securities Litigation: Kokesh v. SEC
By: Adam G. UnikowskyStephen L. AscherChristian R. BartholomewMichael K. LowmanThomas C. Newkirk and Howard S. Suskin of Jenner & Block

On June 5, 2017, the US Supreme Court unanimously ruled in favor of Jenner & Block’s client, Charles Kokesh, in Kokesh v. SEC, No. 16-529, briefed and argued by Adam Unikowsky.  The Court held that a claim by the SEC for disgorgement is subject to the five-year statute of limitations under 28 U.S.C. § 2462 that also governs claims for civil penalties in such cases.  As a result of the Supreme Court’s decision, over $29 million of the disgorgement judgment against Mr. Kokesh has been swept away; and the SEC’s ability to extract judgments and settlements in enforcement actions alleging long-running schemes is likely to be substantially constrained. [Read More]

 

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Welcome New Members

ACC-NYC is pleased to welcome new members to the Chapter!


Tania Ali, Senior Legal Counsel, Travelex, North the and South America
Thomas Amico, Associate General Counsel, Syncora Holdings Ltd.
Kenneth Anand, General Counsel,YEEZY
Jill Anderson, General Counsel - Real Estate, HQ Capital Real Estate L.P.
Jennifer Bleys, Associate Director - Global Brand Protection & Enforcement, Chanel, Inc.
Richard  Boyden, Assistant General Manager & Senior Counsel, Marubeni America Corporation
Michael Ciraolo, Vice President & Chief Intellectual Property Counsel, Ovid Therapeutics, Inc.
Colleen Collins, Catholic Health Services of Long Island
Maria Eugenia Cortez, Associate Counsel, Humanscale Corporation
George Despotopoulos, General Counsel, MoFin Lending
Charles Donefer, General Counsel, Squishable.com, Inc.
Richard Elbert, General Counsel, Bjarke Ingels Group (BIG) Architects
Jesse Ellis, Senior Counsel, Digital Realty
Sarah Feingold, General Counsel, Vroom, Inc.
Zelda Ferguson, Legal Counsel, Vodafone Americas Inc.
Julie Fulop, Corporate Counsel, Yipit, Inc.
Hayley Gorenberg, General Counsel, Lambda Legal
Manuel Gottlieb, Counsel    
Susanna Guffey, Associate Director of Business and Legal Affairs, Universal Music Group
Gary Hacker, SVP, Head of Legal, Dataminr
Christine Kim, Assistant General Counsel, Time Warner Inc.
Christopher Lalan, Sr Vice President and Director of the Legal Division, Banco Popular North America
Neil Lane, General Counsel, New Meridian Corporation
Anna Lindeman, Legal Counsel, Bright Power Inc
Ileana McCalip, Senior Legal Counsel, Taboola
Laura McNally, Corporate Counsel, Intercept Interactive, Inc. (dba Undertone)
Ashumi Merchant, Staff Attorney, Clover Health
Edwina Myer, Contracts Associate, CogState, Inc.
Shana Neiditch, Vice President, Legal, ClassPass Inc.
Sunayna   Ramdeo, Counsel and Compliance Manager, Mitsubishi Corporation (Americas)
Neil Rifkind, General Counsel, Tiptree Inc,
Lili Rogowsky, Corporate Counsel, Intercept Interactive, Inc. (dba Undertone)
Juan Roman, First VP and Assistant General Counsel, Ambac Assurance Corporation
Nishat Ruiter, General Counsel, TED Conferences LLC
Carole Salamone, Contracts Counsel, Ovid Therapeutics, Inc.
John-Paul Sardi, Counsel, Engine Group
Liz Schutte, Corporate Counsel, Vroom, Inc.
Louis Shansky, Deputy General Counsel, Upgrade, INc.
Yonina Siegal, General Counsel, Cordium
Michael Sofia, Assistant General Counsel, Time Warner Inc.
Meriem Soliman, General Counsel, Ace Group International LLC
Madhu Southworth, Sr Vice President, Legal and Business Affairs, AMC TV & Sundance TV
J. Andrew Stephenson, Assistant General Counsel, Leviton Manufacturing Co., Inc.
Marisa Sternstein        
Lina Telese, General Counsel, Jaros, Baum & Bolles
Keith Wolf, General Counsel, SBH Health System
Sara Yood, Senior Counsel, Jewelers Vigilance Committee
Patrick Yu, General Counsel, East Coast Abstract, Inc.
Lyon Zachary, Regional Counsel, Sartorius North America Inc.


 

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Join Us!

As one of largest Chapters, the Association of Corporate Counsel New York City provides its members with high quality and relevant programming spanning across multiple industries and topics.  Member involvement is the keystone of our success and provides valuable opportunities to hone leadership skills and develop professional relationships! Complete the ACC-NYC participation interest form to get involved today! 


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Most of our CLE event materials are posted online shortly after the event. Click here to view ACC-NYC Chapter event presentations.


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