Dear Clients and Friends:

We write to update you on recent activities at FRB.

FRB is giving away its generative AI policy. The Firm has publicly released customizable AI policy templates that small and medium-sized businesses can adapt and put to work. Why give it away? Because a written policy is only the starting point. The templates were developed by FRB's Artificial Intelligence Practice Group, which helps companies navigate everything that comes after, from autonomous agents and AI notetakers to employment-related AI issues and beyond. Read the full press release here to learn more and access the templates.

Next, we are proud to congratulate FRB General Counsel and Corporate & Securities Partner James Black on his appointment to the Board of Directors of ADDAPT, Long Island’s defense and aerospace trade organization. Jim’s appointment reflects his extensive experience advising businesses on corporate compliance, government contracts, and complex regulatory matters, as well as his longstanding commitment to supporting Long Island’s business community. We are also pleased to share that Jim was recently appointed Vice Chair of the New York State Bar Association Committee on Attorney Professionalism, a recognition of his dedication to ethics, civility, and professional service within the legal profession. Congratulations, Jim!

Also, we are pleased to congratulate FRB Partner Steven Cooper on his election as President of the Greater Bridgeport Bar Association. Steven officially assumed the role at the Association’s Annual Dinner last month, where FRB was proud to serve as a sponsor and celebrate this well-deserved achievement alongside members of the Greater Bridgeport legal community. Learn more about Steven’s appointment and check out photos from the dinner here.

In June, FRB Partner Allen Abraham was a featured speaker at Legal Tech Talk London on the panel "Passing the Baton: What to Do When Your Tech Champion Leaves," discussing how law firms can prepare for technology leadership transitions through strong AI governance, institutional knowledge, building repeatable processes, and successfully implementing AI legal tools that drive long-term innovation. Learn more and see photos from the panel here.

Lastly, FRB was honored to support SIBSPlace’s 2026 Sunshine Luncheon. Co-Managing Partner Kenneth Falcon and Susan Falcon attended on behalf of the firm, joining community leaders in support of children and families navigating serious illness, grief, and loss. The event served as a meaningful reminder of the power of compassion, connection, and community, and we are proud to support SIBSPlace’s mission. Learn more about the organization and its mission here.

 

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Register for Our Upcoming Deep Bench Briefing

 

 

• Turning AI governance from a written policy into a repeatable business practice
• How to implement an AI governance framework
• Creating clear processes your team can follow as AI adoption grows
• Reducing legal and operational risk

 

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Register for What High Net Worth Clients Want to Know About the New IRA Distribution Rules

 

 

Join FRB Vice Managing Partner Matthew Rappaport and Taxation Partner Angela Stockbridge for "What High Net Worth Clients Want to Know About the New IRA Distribution Rules," on Thursday, July 16, from 12:00 PM - 1:30 PM ET and explore the latest inherited IRA distribution rules under the SECURE Act, SECURE 2.0, and recent IRS guidance.

Together with industry professionals Kenneth Horowitz (Integrated Benefit Consultants), Erik Gary (Andersen), and Seymour Goldberg (Goldberg & Goldberg PC), they will discuss planning strategies for inherited IRAs, Roth conversions, trusts, retirement income planning, and wealth transfer. Earn 1.5 NY CLE/NY CPE/CFP CE and 1.0 IRS CE credit by attending.
 

 

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Register for Our Upcoming Webinars & Events

 

Webinar: Real Estate in the News (Pied-à-Terre Tax - 1.0 CLE Credit)

• Join FRB Partner Michael Landsman on Wednesday, July 8, from 10:00 AM - 11:00 AM ET for an informative webinar examining New York's proposed pied-à-terre tax and its potential impact on luxury residential real estate. Gain practical insights into this developing issue and what it could mean for property owners, investors, and real estate professionals.
• Learn more and register here.

 

Webinar: Townhouse Due Diligence (2.0 CLE Credits)

• Join FRB Partner Michael Landsman on Thursday, July 16, from 10:00 AM - 12:00 PM ET and explore the key legal and practical considerations involved in townhouse due diligence. This webinar will cover critical issues attorneys should evaluate when representing buyers and sellers in townhouse transactions.
• Learn more and register here.

 

Webinar: When AI Notetakers Break Privilege in Internal Investigations (Up to 2.4 CLE Credits)

• Join FRB Partner Elizabeth Schlissel and Associate Daryl Caffarone on Thursday, July 16, from 1:00 PM - 2:00 PM ET and examine the legal risks that can arise when AI tools are integrated into internal investigations, hiring, and employee management workflows, and offer practical guidance for attorneys navigating privilege, discovery, compliance, and risk management in an evolving landscape.
• Learn more and register here.

 

Webinar: NIIT for Trusts and Estates: Net Investment Income Tax Planning Strategies to Minimize Surtax (2.0 CPE Credits)

• Join FRB's Vice Managing Partner Matthew Rappaport on Monday, August 3, at 1:00 PM ET and explore practical strategies for minimizing the 3.8% Net Investment Income Tax (NIIT) on trusts and estates, including guidance on Form 1041 reporting, DNI deductions, material participation rules, and key tax planning considerations.
• Learn more and register here.

 

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Check Out Our Latest Podcasts

 

 

How Tax Works - Ep. 55: 

Entity Selection Part II: Payroll Taxes in the Era of Soroban Capital Partners and Sirius Solutions

• In episode 55 of How Tax Works, Matthew Foreman discusses S Corps (again), the viability of the GP/LP structure, the Fifth Circuit’s decision in Sirius Solutions, and the future of section 1402(a)(13) of the Internal Revenue Code.
• Listen to the episode here.

 

 

Block & Order #56:
Autonomous AI, Crypto Infrastructure & the Future of the Internet with Adam Sternbach

• Adam Sternbach, VP of Legal at Yuma AI, joins hosts Kyle Lawrence and Moish Peltz to explore the rapidly evolving intersection of AI, blockchain infrastructure, and decentralized systems.
• Watch the episode here.

 

 

The Moral Machine: 
Is Your AI Hiring Breaking the Law?

• AI is transforming hiring, but many companies don’t realize the legal risks that come with it. In this episode of The Moral Machine, host Christopher Warren sits down with Labor & Employment Practice Group Co-Chair Elizabeth Schlissel to discuss New York City’s Local Law 144, one of the first regulations designed to address AI bias in hiring and recruiting.
• Watch the episode here.

 

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Check Out Our Past Webinars

 

Real Estate 199A Aggregation and 469 Grouping Rules: Notice 2019-38, Real Estate and Safe Harbor Election (2.0 CPE Credits)

• Matthew Foreman explores 199A and the final regulations, depreciation, grouping under Section 469, aggregating properties under 199A, deductible expenses, and planning techniques for real estate owners.
• Watch here.

 

How to Startup a Real Estate Fund: Legal and Tax Strategies for Small Business Success (2.0 CLE Credits)

• Matthew Rappaport delivers a practical guide to forming and operating real estate investment funds, covering legal, tax, and operational considerations, investor alignment, compliance obligations, structuring strategies, and key issues arising throughout the fund lifecycle to help attorneys navigate complex transactions and fund management challenges.
• Watch here.

 

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Check Out Our Latest Insights & News

 

Maryland and Connecticut Show Where 401(k) Fund Litigation Goes Next

Angela Stockbridge examines these recent cases in Connecticut and Maryland and what these filings mean for plan sponsors and the practical steps fiduciaries can take to reduce litigation risk. Read more.

 

Why Shadow AI Use by Employees is Creating Hidden Legal Exposure

Moish Peltz explores the rise of "shadow AI," the legal issues it creates, and the practical steps organizations can take to build a defensible AI governance strategy before problems arise. Read more.

 

Is Your Target-Date Fund Lineup Ready for the Next ERISA Class Action?

Matthew Foreman and Tonya Hurd examine the DOJ and DEA’s new executive order reclassifying state-legal medical marijuana to Schedule III, and what the change could mean for cannabis businesses, federal taxation, and Section 280E relief. Read more.

 

Employee Benefits in an S Corporation: Key Issues Every Company Should Know

Angela Stockbridge breaks down the key rules affecting more-than-2% shareholders and the benefits planning considerations every S corporation should understand. Read more. 

 

Executive Compensation Planning Series

Angela Stockbridge's newest Executive Compensation Planning series explores key executive compensation strategies and the legal and tax considerations behind them, including stock options and equity compensation to deferred compensation and Section 409A compliance, provides practical insights to help employers, executives, and advisors navigate today's compensation landscape. Read more.

 

Elder Abuse Awareness Series

Elder abuse can take many forms, including physical, emotional, and financial abuse, and often goes undetected for far too long. In recognition of World Elder Abuse Awareness Day, Dana Walsh Sivak has launched a multi-part series on elder abuse and neglect, beginning with why older adults are vulnerable to abuse and why it so often goes unnoticed. Read more.