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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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Could You Find a Key Contract in Less than 15 Minutes?

If you could not quickly locate an important business agreement, you are not alone. But you could be hurting your company’s bottom line. A recent survey highlights that many corporate legal departments are struggling to keep up with contract management. Of the 100 legal technology professionals surveyed by Huron Consulting Group, 57 percent expressed concern […]

Author: Dan Brecher

July 11, 2014

Can New Jersey Employers Set Time Limits for Lawsuits?

Under New Jersey’s statute of limitations, workers generally have two years to file an employment lawsuit. However, employers can amend that deadline by contract, as confirmed by a recent decision by the Appellate Division of the New Jersey Superior Court. The dispute in Rodriguez v. Raymour Furniture Company, Inc. centers on a two-page application form […]

Author: Joel N. Kreizman

July 10, 2014

American Airlines' $388M Bankruptcy Price Tag Approved

U.S. Bankruptcy Judge Sean Lane signed off on American Airlines’ nearly $400 million bill for bankruptcy on July 1, according to The Wall Street Journal. The figure, which was recommended by a fee examiner, includes $16.3 million in expenses and $371.7 million in fees to 47 different firms. American Airlines filed for protection under Chapter […]

Author: Joel R. Glucksman

July 10, 2014

Dodd-Frank Act Still Evolving

The Wall Street Reform and Consumer Protection Act, more commonly referred to as the Dodd-Frank Act, is now four years old, and like many youth, it remains to be seen as to what will be when it reaches its full growth. Dodd-Frank was passed in 2010 in response to the 2008 financial crisis. The Act […]

Author: Dan Brecher

July 9, 2014

New Durbin Bill Seeks To Keep Corporations From Exporting Jobs

With the increasing frequency of corporate inversions in recent years and the breakneck pace at which even domestic corporations are shipping jobs overseas, it isn’t surprising that the U.S. government wants to find a way to incentivize big companies to keep their jobs here. With the election coming up, there seems to be little chance of […]

Author: James F. McDonough

July 9, 2014

U.S. Bond Funds Concerned About Puerto Rico Bankruptcy

U.S. mutual funds holding $1.7 billion in Puerto Rican debt have sued the commonwealth in an attempt to reverse a bill modeled after the protections offered under Chapter 11 of the bankruptcy law, according to Reuters. Puerto Rico is one of the largest issuers of debt in the U.S. municipal bond market, in part because […]

Author: Joel R. Glucksman

July 8, 2014

Will There be a New Loophole For Insider Trading?

Insider trading laws may soon undergo changes that will allow creative professionals to avoid liability, even if they are caught. A three-judge panel of the U.S. Court of Appeals for the Second Circuit recently heard arguments on whether to reverse the convictions of two hedge fund managers. Todd Newman, a portfolio manager at Diamondback Capital […]

Author: Dan Brecher

July 8, 2014

Insider Trading

Some States Cut Taxes July 1

A number of states across the U.S. have elected to lower corporate tax rates and increase tax credits as of July 1, reversing the trend of increasing taxes in order to shore up deficits that began after the recession. According to Stateline, a nonpartisan new service of the Pew Charitable Trusts, Indiana and Rhode Island businesses […]

Author: Scarinci Hollenbeck, LLC

July 7, 2014

Will NY Business Litigation Enjoy Life in the Fast Lane?

Business lawsuits can take months and sometimes years to litigate. While the legal process unfolds, companies lose both time and money. To alleviate the economic burden, courts around the country have initiated programs to “fast track” business litigation. In New York, new accelerated adjudication procedures in the Commercial Division of the Supreme Court promise commercial […]

Author: Dan Brecher

July 4, 2014

Commercial litigation attorney NYC

Second Circuit Revives SEC “Neither Admit nor Deny” Settlements

It turns out reports of the death of “neither admit nor deny” settlements between the Second Circuit Court and the Securities and Exchange Commission (SEC) were greatly exaggerated. In a much-anticipated decision, the Second Circuit Court of Appeals recently reversed the ruling of Judge Jed. S. Rakoff, who had refused to approve the agency’s consent […]

Author: Dan Brecher

July 3, 2014

Settlement Agreement

Atlantic City's Revel To File For Bankruptcy Again

Revel Casino Hotel is a massive 57-story, $2.2 billion casino that was supposed to be the future of New Jersey’s ailing Atlantic City. The casino – a monolith of ocean-facing glass – was constructed over the course of six years, amid union protests, construction stops and government help, before opening for business in May 2012, […]

Author: Joel R. Glucksman

July 3, 2014

Networks Defeat Aereo 6-3 In The Supreme Court

The Supreme Court recently made a powerful ruling that has implications for the way that we watch TV, and more importantly, the development of disruptive technologies. On June 25th, the Court ruled 6-3 in favor of the networks against a TV startup called Aereo, saying that the company will need to pay the networks for […]

Author: Scarinci Hollenbeck, LLC

July 2, 2014

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