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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 Bankruptcies Rise At Rapid Rate

Reuters reports that publicly traded corporate bankruptcies are at the highest level seen in five years. The article notes a divergence of opinion as to whether the cause is a more aggressive approach by lenders or the collapse of oil and commodity prices. The majority of these bankruptcies appear to be in the oil or […]

Author: Joel R. Glucksman

April 18, 2015

Securities Fraud Claims Resolved By Supreme Court

In Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, the U.S. Supreme Court addressed when statements of opinion are actionable under Section 11 of the Securities Act of 1933 (Section 11). The Court’s decision resolves the existing Circuit split and creates a new legal standard for future securities lawsuits. Facts of the Case […]

Author: Dan Brecher

April 17, 2015

Department of Labor Releases Much-Anticipated Fiduciary Rule

After many delays and prolonged anticipation, the Department of Labor (DOL) finally released hotly contested, proposed a new fiduciary rule, which would increase the number of plan service providers falling within the definition of “fiduciary.” If the new fiduciary rule is adopted, financial advisors will be subjected to significantly higher legal standards governing their retirement […]

Author: Scarinci Hollenbeck, LLC

April 16, 2015

Bad Google, Bad Google. Whatcha Gonna Do When They Come For You?

Google Antitrust Lawsuit Apparently, back in March 2015, Google had to respond to the Wall Street Journal‘s report of how often Google held meetings with the White House (230 times to be exact, since Obama took office). Google’s response claimed that there were several different topics of conversation discussed over the course of these meetings, […]

Author: Scarinci Hollenbeck, LLC

April 16, 2015

Fiscal Matters Coming To A Head For Puerto Rico

The New York Times’ Deal Book reports that Puerto Rico’s debt problems are reaching “a critical point.” According to the article, Puerto Rico cannot handle its existing debt load. Moreover, while American cities and municipal entities may use Chapter 9 of the Bankruptcy Code, American states and territories may not. Therefore, Puerto Rico has no […]

Author: Joel R. Glucksman

April 16, 2015

Scarinci Hollenbeck

Tax Reform Is An Urgent Issue In The U.S.

Washington is in urgent need of tax reform, and as a result, lawmakers should seriously consider improving the current system, writer Nick Novak emphasized in a recent Washington Times article. Urgent need for tax reform Novak, director of communications for think tank the John K. MacIver Institute for Public Policy and contributor for the Washington Times, […]

Author: James F. McDonough

April 16, 2015

Progress For Puerto Rico Utility

The Puerto Rico Electric Power Authority (“PREPA”) is at last making progress in attempting to resolve its finances. Bloomberg Business is reporting that, in negotiations between PREPA and its creditors, the creditors are proposing an interim plan that would diversify PREPA’s fuel sources and thereby stabilize its energy costs. In reaction, PREPA will formulate its […]

Author: Joel R. Glucksman

April 15, 2015

Scarinci Hollenbeck

Internet Domain Suffix Ready For Business

Would you pay to deter someone from creating a website called “[yourcompany].sucks?” The company selling the new internet domain name is hoping that the answer is yes for the owners of many well-known brands. The international body responsible for regulating the Internet, ICANN, continues to roll out new generic top-level domains (gTLD) that expand the […]

Author: Dan Brecher

April 15, 2015

Revel Casino Bankruptcy Turmoil Finally Over

The sale of Revel hotel and casino closed April 7, ending months of uncertainty, when Florida developer Glenn Straub paid $82 million for the property. The deal was completed shortly after noon, Straub’s lawyer told The Associated Press. Finalizing a deal The day before, U.S. Bankruptcy Judge Gloria Burns entered the final sale order, after […]

Author: Joel R. Glucksman

April 15, 2015

Paying For A Passion: Finding Investors For Your Next Entertainment Endeavor

Recording an album, shooting a movie, publishing a book – whatever the pursuit, one of the most crucial elements is finding investors to fund it. Finding investors, taking advantage of various funding outlets and researching available capital for entertainment deals are significant parts of working in the business, and knowing how to secure what you need […]

Author: Scarinci Hollenbeck, LLC

April 15, 2015

Scarinci Hollenbeck

SEC Blows the Whistle on Confidentiality Agreements – Are You Next?

The Securities and Exchange Commission (SEC) recently filed its first enforcement action alleging that a company improperly used confidentiality agreements to deter whistleblowing. The action highlights that securities regulators are taking a much closer look at how companies use non-disclosure provisions in their confidentiality agreements with employees. Late last year, the Financial Industry Regulatory Authority […]

Author: Scarinci Hollenbeck, LLC

April 14, 2015

NJ Business Hit With $22 Million Judgment for Sending Unsolicited Facsimiles

A New Jersey roofing company is on the hook for more than $22 million dollars in damages for sending unsolicited facsimiles. The class-action suit alleged that the company violated the Telephone Consumer Protection Act (TCPA) by sending more than 4,000 fax advertisements via a marketing company. The Legal Background The TCPA is a federal statute […]

Author: Dan Brecher

April 13, 2015

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