Special purpose vehicles were always the sort of tool investors used only occasionally, in special circumstances. A hot deal. A founder who didn’t want 100 angels on the cap table. A one-off opportunity that didn’t quite fit inside a fund’s mandate. SPVs were the exception.In 2025, they stopped being that. As Forbes put it recently,
Farrell Fritz, P.C. Blogs
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The More Things Change, the More They Stay the Same: Proposed Rule Expands Attorneys’ Duty to Check For Errors Resulting From Generative AI Use
Artificial Intelligence is rapidly influencing the legal profession and remains a hot topic for attorneys and the courts. AI has proven useful for everything from routine administrative tasks to case-analysis summaries. It helps lawyers research quickly, draft faster, and analyze large amounts of information more efficiently. However, as attorneys’ use and reliance on AI increase,
A Tool to Locate, But Not Analyze: Commercial Division Seeks to Adopt a New Rule Governing GenAI
The Commercial Division Advisory Council (“Advisory Council”) is consistently looking to implement and amend new rules to enhance practice in the Commercial Division. On June 11, 2025, the Advisory Council proposed adding a new Rule 6(e) to the Rules of the Commercial Division. The proposed Rule 6(e) governs the use of generative artificial intelligence (“GenAI”)
Behind the Bench: An Evening with the Westchester Commercial Division Justices
On April 23, 2025, Matt Donovan and Viktoriya Liberchuk moderated a panel featuring Westchester Commercial Division Justices Linda S. Jamieson and Gretchen Walsh. The “town-hall” event covered a wide range of topics, including motion practice, artificial intelligence in legal proceedings, alternative dispute resolution, and trial procedures, to name just a few.
Below are some of
Winter Case Notes: Nice Try, But the Agreements Say What They Say
This week’s New York Business Divorce presents the 2025 Winter Case Notes, where we highlight a few recent decisions of interest featuring strict adherence to statutory language and the parties’ governing agreements.
Does Counsel Have a Duty to Disclose to a Surrogate’s Court the Fact That Hearing Evidence That Counsel Proffers Has Been Generated by Artificial Intelligence?
On February 14, 2025, I will be speaking at the Suffolk Academy of Law’s annual Elder Law Update, addressing current developments in artificial intelligence (“AI”) that are relevant to trusts and estates practice, among other topics. In preparing for that presentation, I came across a recent Surrogate’s Court, Saratoga County, decision in Matter of
Does Counsel Have a Duty to Disclose to a Surrogate’s Court the Fact That Hearing Evidence That Counsel Proffers Has Been Generated by Artificial Intelligence?
On February 14, 2025, I will be speaking at the Suffolk Academy of Law’s annual Elder Law Update, addressing current developments in artificial intelligence (“AI”) that are relevant to trusts and estates practice, among other topics. In preparing for that presentation, I came across a recent Surrogate’s Court, Saratoga County, decision in Matter of
Litigating in the Digital Age: How to Succeed in Justice Driscoll’s Electronic Courtroom
The Executive Committee of the Commercial and Federal Litigation Section of the New York State Bar Association hosted a very special guest speaker at its final meeting of 2024: The Honorable Timothy S. Driscoll from the Commercial Division of Nassau County. Justice Driscoll opened the meeting with some general points about how he runs his
From Algorithms to Altruism: Risks and Rewards of xAI’s Benefit Corporation Strategy
The Wall Street Journal recently reported that xAI, the artificial intelligence startup founded by Elon Musk, completed a funding round of $5 billion at a pre-money valuation of $45 billion ($50 billion post-money). Rumored to participate in the round according to the Journal were Sequoia Capital, a16z and Valor Equity Partners. One could hardly blame
From Algorithms to Altruism: Risks and Rewards of xAI’s Benefit Corporation Strategy
The Wall Street Journal recently reported that xAI, the artificial intelligence startup founded by Elon Musk, completed a funding round of $5 billion at a pre-money valuation of $45 billion ($50 billion post-money). Rumored to participate in the round according to the Journal were Sequoia Capital, a16z and Valor Equity Partners. One could hardly blame