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The 2022 Law Power 100

Phillips Nizer Pulls TTAB Vet From Amster Rothstein

Phillips Nizer has picked up a trademark partner from Amster Rothstein & Ebenstein LLP with over 30 years of experience representing everyone from fashion wholesalers to brand names like Six Flags at the Trademark Trial and Appeal Board.

Ally Law Members Elect 2021-2022 Executive Board at Annual General Meeting

The fall of the Barrons?

Could the Barron political dynasty be overthrown? Charles Barron is vying to win his wife Inez Barron’s New York City Council District 42 seat, which she is leaving this year due to term limits. The majority-Black district encompases East New York and its subsections such as Spring Creek and Starrett City. Charles Barron previously won the same seat in 2001. His wife won the Assembly seat in 2008 and they swapped seats when Charles was term-limited out of the City Council in 2013, with Inez running successfully to replace him and Charles then replacing her in the Assembly.  But some have grown tired of the Barrons’ seat swapping, particularly local politicos who say the district is in need of new leadership, pointing to the neighborhood’s high rates of poverty and unemployment, and a recent upward trend in shootings as some of the most pressing issues in the district. Others remember the iconoclastic, radical couple known for generating their share of controversy, for their

Biden Proposal to Eliminate 1031 Exchange Spurs Investment

President Joe Biden (Getty) Last spring, Newmark broker Ken Zakin was hustling to find a buyer for a client’s retail property in Queens. The tenants had stopped paying rent because of the pandemic, leading to a major loss in income for the landlords, a family that owned the building for four decades. Zakin planned to take advantage of the 1031 exchange program, which allows real estate investors to swap one investment property for another while deferring capital gains taxes. He’d sell the retail complex, then use the proceeds to buy a more stable income-generating property for the family. Then came then-presidential candidate Joe Biden’s campaign proposal to eliminate the popular tax deferral tactic, also known as like-kind exchanges, as part of a broader plan to finance child and elder care. Though it was merely an idea at the time, Zakin said it started a countdown clock he needed to get the deal done on the off chance that his client might lose the deferral benefit.

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