
On November 17, 2023, Governor Kathy Hochul signed SB 4516, an amendment to N.Y. General Obligations Law §5-336 that prohibits liquidated damages clauses in nondisclosure provisions of settlement agreements involving discrimination, harassment or retaliation claims, and adds additional protections for individuals alleging such claims. The amendment applies to agreements signed on or after November 17, 2023.
Continue Reading New Law in New York State Impacts Settlement Agreements