Firm Insights

Newark employers are reminded that the city’s sick leave ordinance takes effect on June 21, 2014. It requires all private sector employers with 10 or more employees working in the City of Newark to provide up to five days of paid sick leave per year. Employers with fewer than 10 employees are only obligated to […]

Two important votes are scheduled in the Detroit bankruptcy case, the results of which will influence how the city will exit the protection of its case under Chapter 9 of the bankruptcy law. The City Council is set to vote on a resolution that would approve the transfer of Detroit’s assets in the Detroit Institute […]

eBay is the latest U.S. company to suffer a serious data breach, so whats the cost of data breaches? When it affects such a large company? Late last month, the online auction site revealed that hackers had gained access to its primary database, which was used to store user passwords. Although the company maintains that […]

There seem to be more and more ongoing lawsuits against the NFL A majority of these suits (most of them are of the concussion lawsuit nature) involve players who are asserting the league is responsible for their severe and chronic injuries, including the legendary quarterback Dan Marino who joined the latest suit, but subsequently withdrew his […]

More than 70 percent of Fortune 500 companies maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” a report released May 5 by the U.S. More than 70 percent of Fortune 500 companies maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” a report released […]

Experts largely agree that Steve Ballmer overpaid for the Los Angeles Clippers. The former Microsoft executive paid a record $2 billion for the franchise. By comparison, the Milwaukee Bucks sold for $550 million earlier this year. On paper, the Clippers are not worth the high price tag. In fact, Forbes estimated the value of the […]

The popular Sbarro pizza chain is officially out of bankruptcy after filing for protection under Chapter 11 of the bankruptcy law last March, according to NBC News. A judge approved the company’s reorganization plan May 19, to take effect June 2, according to the news source. Sbarro has said that it will move its company […]

A California measure that would have tied the state tax rate on publicly traded companies to the ratio between the CEO’s salary and that of the median worker stalled in the state’s Senate, according to the Associated Press. The measure would have decreased the tax rate in the state – currently 8.84 percent of net […]

If your business includes automatic renewal provisions in your service contracts, you could be setting yourself up for unintended liability. States across the country are increasingly passing legislation that limits or conditions the use of such provisions. Automatic contract renewal clauses typically state that a service will automatically be renewed for a specified price on […]

With warm and sunny weather finally arriving to the East Coast, business owners and managers may notice that their offices seem a bit emptier on Fridays and Mondays. While most employees take vacation time to legitimately lengthen the weekend, some will attempt this through abuse of sick time instead. If you need proof, we invite […]

The Internal Revenue Service (IRS) has announced that it will revise, without holding a public hearing, the proposed rules governing nonprofit groups’ involvement in politics. The rules, released last year, attempted to provide guidance for the political activity groups organized under section 501(c)(4) of the U.S. tax code could take without risking the loss of […]

Data brokers are businesses that collect consumers’ personal information and resell or share that information with others. Data brokers are important participants in the Big Data economy.  After its lengthy investigation of the data-broker industry concluded, the Federal Trade Commission (FTC) released its report titled “Data Brokers: A Call For Transparency and Accountability.” The report […]