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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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NJ Bankruptcy Court Approves Atlantic City Casino Liquidation

Last week, the U.S. Bankruptcy Court in Trenton, N.J. approved the casino liquidation plan for Revel AC Inc. in Atlantic City. The ruling resolves Revel’s long Chapter 11 case with a proposal that permits the casino to repay $45 million in debt for roughly $5 million. Revel’s long Chapter 11 case The long Chapter 11 […]

Author: Joel R. Glucksman

July 15, 2015

Proposed SEC Clawback Rules to Cut Out Erroneous Compensation

Earlier this month, the Securities and Exchange Commission (SEC) proposed new rules that would require companies to adopt policies that require executive officers to pay back incentive-based compensation that they were awarded erroneously. These SEC clawback rules for executive compensation, which are required under Section 954 of the Dodd Frank Act, are intended to improve the quality […]

Author: Dan Brecher

July 14, 2015

Scarinci Hollenbeck

Largest Rare Earth Miner in the US Files for Bankruptcy

Molycorp, Inc. which is the largest rare Earth miner in the US, is filing for bankruptcy, as they have recently announced plans to file for Chapter 11 to reduce their $1.7 billion debt, according to a WSJ report. The filing is significant because Molycorp Inc. is the only source of rare earth metals in North America and […]

Author: Joel R. Glucksman

July 14, 2015

It's Time for a Film Financing Revolution with New SEC Rule

With the Securities and Exchange Commission’s new securities registration process, film financing may never be the same. The SEC’s recent exemption, called “Reg A ,” will give filmmakers a new way to offer securities. Though the regulation wasn’t intended to control crowdfunding websites specifically, it will offer filmmakers and investors new ways to use them. For some time, […]

Author: Scarinci Hollenbeck, LLC

July 14, 2015

Scarinci Hollenbeck

SEC is Offering Guidance Regarding Regulation A+

The Securities and Exchange Commission, also known as the SEC is offering guidance regarding Regulation A+, which took effect on June 29, 2015. The speed with which the agency’s Division of Corporation Finance published responses to several frequently asked questions suggests that the new securities exemption may be living up to the buzz. Regulation A+ […]

Author: Dan Brecher

July 13, 2015

Start-Up Financing: Due Diligence Is a Two-Way Street

When launching a new venture, it can be tempting to accept start-up financing from anyone who offers it. However, entrepreneurs should always take the time to get to know their potential investors when it comes to start-up financing. After all, you will likely be married to them for several years. So while investors are checking […]

Author: Dan Brecher

July 10, 2015

How to Get Away with Using a Logo without Permission

Trademarks cannot be used without consent and using a logo without permission of the owner is not possible – most of the time. The legal world has been abuzz following HBO’s decision to use intellectual property owned by NFL teams without the league’s consent, but it turns out that as long as logos are used properly, permission is not […]

Author: Scarinci Hollenbeck, LLC

July 9, 2015

Scarinci Hollenbeck

Updated Overtime Rules Released By The DOL

On July 6, 2015, the Department of Labor (DOL) published its highly anticipated proposals for updated overtime rules. The updated overtime rules would significantly modify tests that determine whether executive, administrative, and professional employees (frequently referred to as “white collar workers”) will be entitled to minimum wage and overtime pay protections under the Fair Labor […]

Author: Scarinci Hollenbeck, LLC

July 8, 2015

Scarinci Hollenbeck

Scarinci Hollenbeck Alum is New Hudson County Prosecutor

Scarinci Hollenbeck Alumna Judge Esther Suarez Nominated to Hudson County Prosecutor Scarinci Hollenbeck is pleased to congratulate Passaic County Judge Esther Suarez on her nomination to the position of Hudson County Prosecutor by Governor Chris Christie. Suarez, a former associate at Scarinci Hollenbeck, was chosen to fill the three-year vacancy and become Hudson County’s first […]

Author: Scarinci Hollenbeck, LLC

July 7, 2015

A Major Gold Producer Filed Chapter 11 & What We Can Learn From It

A major gold producer filed Chapter 11 bankruptcy protection recently, according to the Wall Street Journal. Midway Gold Corp. suspended operations last week after failing to pay off a $63.5 million debt to the Commonwealth Bank of Australia and a $10.5 million subordinate debt to Hale Capital Partners. Midway fails to generate revenue The company […]

Author: Joel R. Glucksman

July 7, 2015

Are Politicians Allowed to Use Songs Without Permission?

Every four years or so, a few musicians cause a stir when their music is played at political rallies as politicians often use songs without permission. Often times, any legal threats dissipate before they make it to court, but if a judge were to rule on such a case, there’s a chance the politician could […]

Author: Scarinci Hollenbeck, LLC

July 7, 2015

Scarinci Hollenbeck

Pre-Employment Credit Checks Are Now Prohibited in NYC

New York City recently joined the growing list of jurisdictions that prohibit employers from conducting pre-employment credit checks. On April 16, 2015, the NYC City Council passed the law that will prohibit pre-employment credit checks, “Stop Credit Discrimination in Employment Act”. The new law will become effective 120 days after being signed into law by […]

Author: Scarinci Hollenbeck, LLC

July 7, 2015

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