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Venoco files Chapter 11 Venoco, one of the biggest oil and gas companies in the U.S., recently announced that it had filed for Chapter 11 bankruptcy protection. According to the Pacific Coast Business Times, the company cited the fall of oil prices and a pipeline spill last year for its $1 billion debt total. As […]

Reality TV Doesn’t Always Pay Well All reality television stars are not created equal. Some reality TV cast members are hauling in millions through their contracts, while others aren’t making much at all. The cast of the iconic MTV reality TV show, “The Real World,” for example, did not make much per week. However, their […]

So when does a partnership exist? The IRS has strict rules for what constitutes a partnership. Under Section 761(a), a partnership as defined by the IRS needs to involve ”a syndicate, group, pool, joint venture, or other unincorporated organization through or by means of which any business, financial operation, or venture is carried on, and which […]

Small businesses are exchanging hands at a rapid rate throughout the country. The current economic conditions are favorable for both buying and selling a business. Whether you are interested in buying or selling a business, preparation is the key to success. Once you decide to sell your business, it is time to begin preparing for […]

NYC Human Rights Commission Proposes Rules to Implement Fair Chance Act The New York City Human Rights Commission recently proposed rules to implement the Fair Chance Act (FCA), which took effect last fall. As New York City employers should be aware, the law amends the New York City Human Rights Law by prohibiting covered employers […]

Emerald Oil Inc files Chapter 11 Recently, oil and gas producer Emerald Oil Inc. announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, Emerald became just the latest victim of the collapse and subsequent sluggish recovery of oil prices. As a result, the company officials stated that Emerald […]

Sundevil Holdings LLC files Chapter 11 Sundevil Holdings LLC, a major West Coast power plant operator, has announced that it filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Wilmington, Delaware. According to the Dow Jones Bankruptcy and Debt report, Sundevil sought bankruptcy protection after it had defaulted on more than $237 million in […]

Drones in filmmaking may be changing the way films are being made, but they’re also raising plenty of legal questions. Filmmakers can offer audiences a new perspective when they use drones, but these flying machines are the subject of plenty of legal scrutiny. Though certainly helpful in many ways, drones in filmmaking can  however be considered a […]

CFPB Makes Example of Dwolla Inc. in Monmouth County Monmouth County businesses have another “cybercop” to worry about. The Consumer Financial Protection Bureau (CFPB) recently pursued its first cybersecurity enforcement action, alleging that Dwolla, Inc., an online payment platform, misled consumers about its data security practices. The CFPB’s Allegations Dwolla operates an online payment system […]

John Scagnelli, Chair of Environmental Land Use Group to Weigh in on Pilgrim Pipeline Issues Lyndhurst, NJ – April 6, 2016 – The Township of Mahwah and a group of fourteen New Jersey municipalities plan to call upon Scarinci Hollenbeck Partner John Scagnelli, Chair of the firm’s Environmental and Land Use Group, for legal assistance […]

As the weather begins to turn warmer, many of us get the itch for a little “spring cleaning.” For small businesses, your efforts should not stop at home. It is also good idea to channel this energy into reviewing, organizing, and purging your human resources records. Properly maintaining human resources records has several distinct advantages for […]

Are networks and producers liable when reality TV takes a wrong turn? If there’s one thing audiences have seen repeatedly on reality television shows, it is people getting hurt. Programs such as “Naked and Afraid” and “Deadliest Catch” depict people in dangerous and even life-threatening situations. Other times, bystanders are caught up in the action […]