New York

Located in the Northeastern portion of the United States, and in the Second Federal Circuit, New York is a state that often sets precedent across the country with its court decisions as well as its legislation and regulations. It is the fourth most populous state in the United States and was one of the 13 original colonies. It was admitted as the eleventh state to the union on July 26, 1788. With 29 votes in the Electoral College, the state is highly prominent and influential in national elections.

 

New York City is home to nearly 40% of the state’s residents and is the most populous city in the US. The city is a premier gateway for legal immigration into the US; NYC is also home to the United Nations Headquarters. It has often been referred to as the media, financial, and cultural capital of the world, and the world’s most economically-powerful city.

 

Bordered by New Jersey and Pennsylvania, New York has a very diverse population. The state shares a maritime border with Connecticut and Rhode Island, and an international border with Canada. New York’s education system is comprised of over 200 public colleges and universities, including Columbia University, Cornell, New York University, and Rockefeller University; all which have been ranked in the top 35 universities in the world.

 

New York is known worldwide as a cultural center, and for many dangerous incidents which have occurred throughout its history. From the World Trade Center (911 attacks) on September 11, 2001, where two planes were hijacked and flew into the Twin Towers, to the devastation from Hurricane Sandy in 2012, several natural disasters, and terrorist attacks have been plotted in the State, namely its most prominent city, New York City. Heightened security and police forces are often present, especially during major events in the state.

New York State Government consists of a judicial, an executive and a legislative branch mirroring the federal government. New York has had four constitutions since the original colonial charter was replaced in 1777.  The most recent was in 1894; however, there was a constitutional convention as recently as 1967, however, those provisions and amendments were not adopted by the New York electorate.

 

The Executive branch consists of the elected positions of Governor, Lieutenant Governor,  Attorney General and Comptroller, with over 100 state agencies and 20 departments.  Regulations are compiled in the New York Codes, Rules and Regulations and published by the New York Department of State.  The Legislative branch of New York includes the New York State Senate and the New York General Assembly, with powers and procedures again mirroring the federal government.

 

The New York Unified Court System is overseen by the Chief Judge of the State of New York in concert with the Chief Administrative judge and the Office of Court Administration with other New York agencies playing a smaller role.

 

The New York State Supreme Court has general jurisdiction in civil cases across New York and criminal cases in New York City.  The Appellate Division of the Supreme Court hears appeals, and the Court of Appeals, that sits in Albany is the highest court in the state.  Individual county courts hear felony criminal cases, and New York Civil Court and New York Criminal Court hear cases around the state. 

The National Law Review covers news, legislation, and litigation from New York. From state regulations on data protection and cybersecurity, same-sex marriage, to employment law, disputes within the workplace and FMLA legislation, are a few of the stories readers will find on the site. Agency news from the NLRB, litigation dealing with social media/online media, budget bills, and the NYSE/world markets, are among the many topics visitors will find on the National Law Review.

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Oct
14
2016
CFTC Releases Rule Enforcement Review of the New York Mercantile Exchange, Inc. and the Commodity Exchange, Inc. Katten
Jul
15
2019
Bridging the Week by Gary DeWaal: July 8 – 12, and July 15, 2019 (Crypto Custody; An International Exchange and Truth; One + One = Two) Katten
Jun
19
2020
NYSE Proposes Rule Changes Regarding the Partial Re-Opening of the Trading Floor Katten
Mar
31
2013
New York District Court Bars Discovery of SEC's Requests for Extension Under Dodd-Frank Katten
Jul
29
2014
New York Issues Proposed Bitcoin Regulations Katten
Jan
27
2022
New Year, New Requirements for New York Employers Katten
Nov
14
2022
Katten Financial Markets and Funds Quick Take: November 2022 Katten
Feb
7
2014
US District Court for the Southern District of New York Grants SEC’s Final Summary Judgment Claim in Securities and Investment Advisor Fraud Case Katten
Dec
6
2014
NYS Department of Financial Services (DFS) Publishes All BitLicense Comments; California Considers Regulation Katten
Jan
18
2023
Financial Institutions Require More Oversight of Cybersecurity Risk under NYDFS Katten
Apr
6
2013
Federal Court Dismisses Securities Class Action Alleging Misrepresentations About "Cannibalization" Katten
Aug
29
2014
SEC Charges New York Executive With Insider Trading Ahead of Client Announcements Katten
Nov
12
2014
New York Appellate Division Decision Provides Comfort for Secured Lenders Negotiating With Their Defaulting Borrowers Katten
Oct
18
2017
New York City Ban on Salary History Inquiries Set to Take Effect October 31 Katten
Apr
6
2013
Southern New York District Court Rejects Evidence from "Confidential Witnesses" as Basis for Securities Class Action Katten
May
18
2013
Involuntary Bankruptcy Petitions Dismissed Where Alter Ego Status Was Disputed Katten
Oct
25
2013
Southern District of New York Limits Dodd-Frank Whistleblower Protections to the United States Katten
Jul
12
2014
New York Jury Acquits Former Hedge Fund Manager of Insider Trading Conspiracy Katten
Jan
12
2013
Court of Appeals Affirms Validity of New York Choice-of-Law Provisions Katten
Mar
16
2014
New York Department of Financial Services Issues Public Order to Invite Virtual Currency Exchange Proposals Katten
Nov
25
2014
Bridging the Week: November 17 to 21 and 24, 2014 [VIDEO] Katten
Jun
16
2013
Securities Class Representative Cannot Object to Bankruptcy Release on Behalf of Class Katten
Nov
14
2014
Recent Key Bitcoin and Virtual Currency Regulatory and Law Enforcement Developments Katten
May
25
2015
Section 16(b) Decision Provides Important Guidance Katten
Sep
8
2017
NYSE Issues Proposed Amendment to Limit Issuance of Material News After Market Close Katten
Sep
13
2019
FINRA Issues Call for Candidates in Upcoming Small Firm Advisory Committee Election Katten
May
19
2013
Mississippi District Court Defers to New York Court in Bond Action Katten
Aug
9
2013
Southern District of New York Dismisses Complaint Against Madoff-Invested Fund Katten
May
6
2019
Bridging the Week by Gary DeWaal: April 29 – May 3 and May 6, 2019 (Fintech Charters; Fractional Reserves OK for Stablecoins?) [VIDEO] Katten
Aug
22
2013
New Rules on Use of Child Models in New York Katten
Apr
10
2014
Trusts and Estates Planning Opportunities Arising From Recent Changes to the New York Estate Tax and Trust Income Tax Regimes Katten
Aug
10
2023
Non-Competes: Movement on both sides of the Atlantic Katten
Dec
21
2023
New York Proposes New Cybersecurity Regulations for Hospitals Katten
Apr
11
2014
Foreign Judgment in Criminal Fraud Action Enforceable in New York Katten
Aug
7
2020
California, Illinois and New York File Suit Against OCC’s “Valid When Made” Final Rule Katten
 

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