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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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Do Supreme Court Decisions Influence the Securities Market?

Can U.S. Supreme Court decisions influence the Securities Market? The impact of U.S. Supreme Court decisions is often far-reaching. However, as highlighted in a recent study, 1 in 20 rulings suggest that Supreme Court decisions influence the securities market. The study’s findings were particularly apparent in the wake of the Supreme Court’s decision to uphold […]

Author: Dan Brecher

September 15, 2015

NY Estate Tax Reform: What it Means for You

The New York State Department of Taxation and Finance recently issued a Technical Memorandum to finalize 2015 legislative amendments to NY estate tax reform. The provisions enacted in 2014 will be effective retroactive to April 1, 2015. The basic NY estate tax reform: exclusion amount increases In the Technical Memorandum, the Department of Taxation and Finance […]

Author: Frank L. Brunetti

September 15, 2015

In Hollywood Arbitration, the Problem is the Process

What’s wrong with the arbitration process? U.S. District Judge Richard Berman recently vacated NFL Commissioner Roger Goodell’s decision, as an arbitrator, to uphold the four-game suspension of the New England Patriot’s Tom Brady due to what he considered a faulty arbitration process. This decision won’t only affect the way the league and its players interact, it could […]

Author: Anthony R. Caruso

September 15, 2015

Response Genetics, Inc. Files for Chapter 11 Bankruptcy Protection

On August 10, Response Genetics, Inc., one of the largest oncology-focused clinical sales companies in the U.S., announced that it filed for Chapter 11 bankruptcy protection. According to a Nasdaq report, the company has entered into an agreement to sell off all its assets to industry rival, Cancer Genetics Inc. Response Genetics falls into debt […]

Author: Joel R. Glucksman

September 14, 2015

Modified Statutes in Issuing a ERISA Benefit Denial Letter

The Third Circuit Court of Appeals recently held that any benefit denial letter sent by ERISA plan administrators must expressly state contractual time limits for bringing suit. The ruling in Mirza v. Insurance Administrator of America is in line with prior decisions by the First and Sixth Circuits. The Third Circuit Court of Appeals recently […]

Author: Gary S. Young

September 14, 2015

“Finders” Acting As a Securities Broker-Dealer Are on the SEC’s Hit List

The Securities and Exchange Commission has been moving more aggressively to state the types of activities that will result in a determination that a “finder” is acting as a securities broker-dealer. The SEC is also focusing on securities broker-dealer issues in its OCIE compliance exams of private investment funds, and has recently instituted a significant […]

Author: Dan Brecher

September 11, 2015

Wage-Violation Lawsuits By Restaurant Workers Featured by NJHRA

Corporate Labor Attorney Gary S. Young authors article titled, “Wage-Violation Lawsuits By Restaurant Workers,” is featured by the New Jersey Restaurant Association. The decade-long, steadily increasing rise of wage-violation lawsuits by restaurant workers against their employers that has been making headlines was recently discussed in an article written by Scarinci Hollenbeck partner Gary Young, published […]

Author: Scarinci Hollenbeck, LLC

September 11, 2015

Samson Resources to File for Bankruptcy Protection

Last week, Samson Resources Corp., one of the largest oil and gas companies in the country, announced plans to file for Chapter 11 bankruptcy protection. According to Oil and Gas Investor magazine, Samson Resources will reach a deal with lenders to restructure its $4.15 billion debt. Samson Resources falls into debt The company is one […]

Author: Joel R. Glucksman

September 11, 2015

Tax Court Decides to Issue Limits to Life Insurance Policy Control

Although all individuals holding a life insurance policy own an investment, they did not have the legal right to exert control over the investments inside the policy. However, according to a recent ruling by the U.S. Tax Court, investors who exercise control over how money is invested are subject to tax on the investment income. […]

Author: James F. McDonough

September 11, 2015

Victim of NFL Roster Cuts? You Still Have a Chance

Many NFL players deal with roster cuts Anyone who watches HBO’s “Hard Knocks,” a behind-the-scenes look at the NFL preseason, understands that getting removed from a team as the organization goes through roster cuts is tough. However, for many players, the pursuit of a dream career in the NFL doesn’t end at these sudden roster […]

Author: Anthony R. Caruso

September 10, 2015

NJ Division of Taxation Defines Nexus Guidelines

The NJ Division of Taxation establishes these guidelines for Corporate Business Tax. The recent Technical Bulletin issued by the NJ Division of Taxation established a final set of nexus guidelines for activities that subject a company to the corporate business tax. These new nexus guidelines include a detailed description of activities that are outside the […]

Author: Frank L. Brunetti

September 9, 2015

Bunker Fuel Supplier Files for Chapter 11 Bankruptcy Protection

On Aug. 28, Bunkers International Corp., one of the largest suppliers of bunker fuel in the world, announced that it had filed for Chapter 11 bankruptcy protection. The bunker fuel supplier company was forced to seek bankruptcy protection after its primary lender terminated its lending agreement. Bunkers International loses primary lender, becomes insolvent The global bunker […]

Author: Joel R. Glucksman

September 9, 2015

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