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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Corporate Disclosures: SEC Adopts Position That Less Is More

Is your company drowning under the burden of ever-growing corporate disclosure requirements? If the answer is yes, we have good news. In a recent report to Congress, the Securities and Exchange Commission (SEC) outlined a new initiative intended to streamline disclosure requirements for U.S. public companies under Regulation S-K. The report, which was mandated by […]

Author: Dan Brecher

January 28, 2014

Recording Artists Should Be Careful When Signing Record Deals

For many recording artists, the ultimate goal is signing a record deal with one of the major record labels. However, it is important that these musicians seek the assistance of an entertainment attorney to ensure there are no clauses that could hurt their careers. Singer-songwriter, JoJo, recently endured a battle with her label that prevented […]

Author: Scarinci Hollenbeck, LLC

January 27, 2014

Music Industry

Maryland Legislators Have Agreed To Cut Estate Tax

After passing on, people want to be sure that their assets are properly disbursed to family members. However, these assets often face estate tax law, which can cut into the value. This tax varies from state to state, and has an impact on where wealthy retirees choose to live after leaving the work force for good. According […]

Author: Scarinci Hollenbeck, LLC

January 27, 2014

Tax Cuts

When Are New Jersey Employers Liable for Workplace Accidents Under New Jersey’s Workers’ Compensation Act?

Under the state’s Workers’ Compensation Act, participating New Jersey employers are obligated to provide compensation to employees who are injured in accidents arising out of and in the course of employment, regardless of whether either party was negligent. Determining whether a given accident falls under the statute is often the subject of New Jersey litigation. […]

Author: Robert E. Levy

January 24, 2014

Should College Athletes Be Prevented from Turning Pro?

Division 1 scholarship college athletes are unable to earn money while participating in amateur athletics. However, there are also rules in place that prevent players from turning professional when they so, please>. This brings up the discussion of whether or not it is fair to athletes that the NCAA prevents college athletes from turning pro […]

Author: Scarinci Hollenbeck, LLC

January 24, 2014

Pensions Could Be Saved in Detroit Bankruptcy

In July 2013, the city of Detroit filed the largest case under Chapter 9 of the bankruptcy laws in the history of the United States. The case didn’t sit well with everyone. The administrators of the city’s pension funds have been steadfastly opposed to the bankruptcy, asserting that it put at risk the money of hard-working employees. […]

Author: Joel R. Glucksman

January 24, 2014

SEC Strikes Out in the Courtroom…Again

The Securities and Exchange Commission’s (SEC) new “get tough” approach continues to hit roadblocks. While the agency has vowed to take more cases to trial rather than settle, the threat only works if prosecutors are largely successful in the courtroom. Following the SEC’s loss in the high-profile case against Mark Cuban, the SEC recently suffered […]

Author: Scarinci Hollenbeck, LLC

January 23, 2014

CFCs, Disregarded Entities, Partnerships and Subpart F Income.

Taxpayers adopt different structures when conducting business around. PLR 201330006 contains such an example where using various entities and the regulations avoids Subpart F inclusions. A U.S. taxpayer was a “U.S. shareholder” in a foreign company, formed in country A, treated as a corporation for U.S. tax purposes (CFC). U.S. shareholders are required to take […]

Author: James F. McDonough

January 23, 2014

Freedom Industries Files for Bankruptcy

For the past couple of weeks, thousands of West Virginians have been unable to use tap water because Freedom Industries spilled chemicals into the Elk River. Just a week after this incident, the company filed for protection under Chapter 11 of the United States bankruptcy law. Bankruptcy documents revealed that Freedom Industries owes $3.6 million to […]

Author: Joel R. Glucksman

January 23, 2014

Cantor Gaming Fines Could Be Bad Sign for Sports Betting Future

Sports betting is legal in four states – Nevada, Oregon, Delaware, and Montana – with only Nevada taking full advantage. However, some states – mainly New Jersey – have been attempting to legalize sports betting, but have been shot down. The recent judgment made against Cantor Gaming probably won’t do anything to help any further legalization […]

Author: Scarinci Hollenbeck, LLC

January 22, 2014

Is It Time to Update Your Employee Handbook? Conflicting Provisions Can Spell Doom in Litigation

As highlighted in a recent federal court decision, New Jersey employers should review their employee handbooks carefully to ensure that none of the provisions conflict. One company learned this lesson the hard way when attempting to enforce an arbitration clause against a former employee alleging discrimination. While the handbook required employees to submit employment-related claims […]

Author: Donald M. Pepe

January 22, 2014

Arbitration

The Top Tax Deductions for Business Owners

The Internal Revenue Service may have delayed tax season, but that doesn’t mean business owners shouldn’t begin preparing. One of the most important things when filing is deductions, as these can save a company money. The Internal Revenue Service may have delayed tax season, but that doesn’t mean business owners shouldn’t begin preparing. One of […]

Author: Scarinci Hollenbeck, LLC

January 22, 2014

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