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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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Bankruptcy Judge Postpones Revel Hotel and Casino Ruling Once Again

Revel Hotel and Casino has repeatedly encountered challenges finding a buyer, and these difficulties persisted after a U.S. Bankruptcy Court Judge decided March 13 that she cannot approve a proposed $82 million agreement to sell the property – this time involving a Florida developer. The troubled hotel and casino has suffered a string of failed […]

Author: Joel R. Glucksman

March 26, 2015

Even Company Officers Can Blow the Whistle on Securities Fraud

Highlighting that anyone can become a whistleblower on securities fraud under the right circumstances, the Securities and Exchange Commission (SEC) recently announced that it plans to award between $475,000 and $575,000 to a former company officer. As previously discussed on the Scarinci Hollenbeck Business News Blog, the SEC’s whistleblower program provides financial incentives to individuals […]

Author: Robert A. Marsico

March 26, 2015

Corporate Directors Struggling to Address Moving Targets

Ever wonder what keeps corporate directors awake at night? NYSE Governance Services recently released its annual What Directors Think Survey, which sheds light on the challenges facing the boardroom as well as what corporate directors are doing to manage risk. The report, which was prepared in conjunction with consulting firm Spencer Stuart, surveyed nearly 500 […]

Author: Scarinci Hollenbeck, LLC

March 25, 2015

NC Senate Proposes Reducing Corporate Income Tax

On March 18, North Carolina lawmakers introduced an economic development plan that aims to make the state more competitive through reducing corporate income tax rates and enacting other reforms. In addition to reducing corporate income tax rates, the proposal would simplify the method used to calculate their tax liability and provide incentives for manufacturers to invest in the […]

Author: Scarinci Hollenbeck, LLC

March 25, 2015

Foreign Real Estate Investors Flocking to the United States

The United States has regained its ranking as the world’s largest real estate investment market, according to Cushman & Wakefield’s annual global capital markets report International Investment Atlas. Globally, real estate investment fell in 2014; however, the decline is solely attributed to decreased land sales in China. Overall, investment in real estate in the United […]

Author: Scarinci Hollenbeck, LLC

March 24, 2015

Will 'Blurred Lines' Lawsuit Change Music?

The family members of the late Marvin Gaye seem as though they’re not quite as happy as they should be following a victorious copyright infringement suit over Robin Thicke and Pharrell’s hit song “Blurred Lines”. Rumors have been swirling regarding the outcome of the lawsuit, which has many experts worried that the concept of copyright in music […]

Author: Scarinci Hollenbeck, LLC

March 24, 2015

Federal Judge Declares Examiner Must Look Into Caesars Asset Transfers

A U.S. bankruptcy judge decided March 12 that an independent examiner must investigate transactions that involve one of Caesars Entertainment Corp’s operating units. Earlier this year, Caesars Entertainment Operating Co. filed for Chapter 11 bankruptcy protection, but before taking this legal action, it participated in several intercompany deals, according to Reuters. Before the company filed to obtain protection from its […]

Author: Joel R. Glucksman

March 24, 2015

House Committee To Vote On Estate Tax Repeal

The House Committee plans to vote on legislation that would repeal the federal estate tax during the week starting Monday, March 23. The group of lawmakers will consider such a move after Rep. Kevin Brady (R-Texas) introduced the Death Tax Repeal Act of 2015 in February, according to Accounting Today. Estate tax proposal While opponents of the […]

Author: James F. McDonough

March 23, 2015

Scarinci Hollenbeck

Here's How To Avoid March Madness Trademark

The NCAA men’s basketball tournament aka March Madness always creates a nation wide stir. While it may be tempting to incorporate the frenzy surrounding the games into your company’s marketing efforts, it is important to be mindful that “March Madness” is a trademarked phrase. History of the March Madness Trademark Dating back to the 1940s, […]

Author: Kenneth C. Oh

March 23, 2015

Scarinci Hollenbeck

Offering Incentives for Online Reviews Can Lead to Liability

Consumers increasingly look to online reviews when buying a product or service. However, businesses looking to boost their online reviews with offers of compensation or other financial incentives could face legal action by the Federal Trade Commission (FTC). In a recent enforcement action, the FTC charged a California shipping company with deceptive advertising after the […]

Author: Joel N. Kreizman

March 20, 2015

SEC Reviewing Rule Regarding Conflicting Proxy Proposals

In January 2015, Securities and Exchange Commission Chair Mary Jo White recently directed agency staff to review the scope of Rule 14a-8(i)(9) promulgated under the Securities Exchange Act of 1934 and report to the Commission on its review regarding conflicting proxy proposals. In light of the directive, the Division of Corporation Finance announced that it […]

Author: Kenneth C. Oh

March 19, 2015

Four of Nation’s Biggest Banks Pass Federal Reserve Stress Test

According to the Federal Reserve, four of the largest names on Wall Street have passed the Federal Reserve’s “Stress Test”. Goldman Sachs, JP Morgan Chase, and Morgan Stanley were all green lighted to be able to return income to their investors, although they were required to adjust their initial requests to insure that they had […]

Author: Joel R. Glucksman

March 19, 2015

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