NYC Press Releases

"> ">

Cooley Expands NY Securities Litigation With Nicholas Caselli

Cooley has added Nicholas Caselli as a partner in its securities litigation and enforcement practice and global litigation department in New York. Caselli represents clients in securities class actions, shareholder derivative cases and M&A-related disputes, including matters involving technology and life sciences companies. The firm said his recruitment is part of its effort to expand its securities litigation capabilities in New York, building on a practice historically prominent on the West Coast. Caselli joins Cooley from Freshfields, where he practiced in New York. His arrival follows several other additions to Cooley's New York litigation team as the firm's global litigation department continues to expand.

"> ">

NYC Click-to-Cancel Rule Takes Effect With $525 Fines

New York City's Click-to-Cancel rule is now in effect, giving consumers new protections against businesses that make subscriptions difficult to cancel. The rule requires businesses offering qualifying automatic-renewal or continuous-service subscriptions to provide straightforward cancellation methods and clearly disclose subscription terms and consumer rights. Businesses that violate the requirements can face restitution and civil penalties starting at $525 per violation. The city has also launched an online portal where New Yorkers can report problems including difficult cancellations, undisclosed automatic renewals and subscription terms that were not clearly explained. City officials say New York City is the first municipality in the country to implement a Click-to-Cancel rule.

"> ">

Crowell & Moring Names NY’s Glen McGorty Next Chair

Crowell & Moring has elected New York managing partner Glen McGorty as the next chair of the firm's Management Board, with his three-year term beginning March 1, 2027. McGorty will become the first chair in the firm's history to be based outside Washington, D.C. He currently serves on Crowell's Management Board and Executive Committee and chairs its Litigation and Trial Department. McGorty joined the firm in 2012 following nearly 15 years as a federal prosecutor and has led the expansion of Crowell's New York office. According to the firm, attorney headcount in the New York office has increased by nearly 50% during the past six years.

"> ">

NYC Begins $40M Box Street Park in Greenpoint

Construction has begun on the $40 million Box Street Park in Greenpoint, advancing a project envisioned for the North Brooklyn waterfront more than two decades ago. The 2.5-acre park will transform a former MTA facility along Newtown Creek into public green space featuring an elevated esplanade, ADA-accessible pathways, gardens, a lawn, basketball court, picnic area, dog runs and public restroom. The project will also connect with waterfront esplanades on either side of the site, helping close a gap along the northern Greenpoint waterfront. Construction is expected to be completed by the end of summer 2028. The park is planned to eventually expand by another half-acre following the relocation of an MTA facility.

"> ">

Bronx Recreation Center Reopens After $20.7M Upgrade

St. Mary’s Recreation Center in the Bronx has reopened following a $20.7 million renovation that upgraded the historic facility and expanded accessibility. Improvements include a reconstructed façade, entrance and lobby, a new elevator, widened doorways, updated mechanical and electrical systems and repairs to the center’s indoor swimming pool. The facility also received new fitness equipment, upgraded flooring and improved lighting. The city says 33 new staff positions have been funded to support programming, operations and maintenance at the center. St. Mary’s has served the South Bronx for generations and includes the only indoor public swimming pool operated by NYC Parks in the borough.

"> ">

NYU Langone Uses AI to Improve Radiology Training

NYU Langone Health researchers have developed an artificial intelligence-based approach designed to identify gaps in radiology residents' clinical training and provide personalized teaching cases. The system tracked the types of conditions residents encountered during their regular clinical work and identified important pathologies they had seen less frequently. Researchers then used ChatGPT-4o to help select three to five supplemental cases for each resident, which appeared alongside their regular clinical work and were reviewed with supervising physicians. The study found that the AI could identify exposure gaps and recommend needed case pathologies with more than 90% accuracy. Researchers say the approach could eventually be expanded to additional radiology specialties.

"> ">

Studio Museum in Harlem Opens New Exhibitions

The Studio Museum in Harlem has opened the final exhibitions of the inaugural year in its new West 125th Street building. A sustained becoming: Studio Museum Artists in Residence 2026 presents new work by Derriann Pharr, Simonette Quamina and Taylor Simmons, the first Artist-in-Residence cohort to work from studios in the Museum's purpose-built home. A second exhibition, Tone, brings together paintings, drawings, photographs and sculptures exploring tonal variation as an artistic language. The exhibitions join several recently opened presentations from the Museum's collection and other artists. Looking ahead to 2027, the Studio Museum will present solo exhibitions featuring Woody De Othello and Jamaican-born artist Mavis Pusey.

"> ">

NYC Says 2026 World Cup Generated $2B Economic Impact

The 2026 FIFA World Cup generated an estimated $2 billion in economic impact for New York City, according to a preliminary analysis released by the city. The estimate includes $1.2 billion in direct visitor spending and $162 million in operational spending, while tournament-related activity supported an estimated 12,100 jobs. New York City accounted for 56% of the estimated $3.5 billion economic impact across the New York-New Jersey region and 70% of regional visitor spending. The city also reported a 16% year-over-year increase in foot traffic at sports bars during the tournament, while international Visa card spending increased in Manhattan, Brooklyn and Queens.

"> ">

NY Pension Funds Push Starbucks on Labor Oversight

New York City and state pension investors are seeking changes to Starbucks' board oversight of labor relations ahead of the company's 2027 annual shareholder meeting. New York State Comptroller Thomas DiNapoli, NYC Comptroller Mark Levine on behalf of four city pension funds, and a Trillium Asset Management fund filed a shareholder proposal asking Starbucks to restore its Environmental, Partner, and Community Impact Committee. The committee, established in 2023 and later dissolved, had responsibilities that included monitoring labor relations. The investors argue that dedicated independent oversight is needed as Starbucks continues to face unresolved collective bargaining and labor disputes. The filers collectively held 2.82 million Starbucks shares as of June 30, 2026.