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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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Cannabis Inc.: Are Banks Finally Ready to Take the Plunge?

Some form of marijuana use is legal in more than 20 states, with Colorado and Washington going so far as decriminalizing and regulating recreational use. Similar efforts are also underway here in New Jersey, where 57 percent support legalization. Despite changing public sentiment and state-level marijuana legalization proposals, cannabis is still illegal under federal law. […]

Author: Robert A. Marsico

March 13, 2014

New Jersey Medical Marijuana Dispensaries

Sbarro to file for bankruptcy protection

In another fast food retailer bankruptcy, pizza chain Sbarro is preparing to file for protection under Chapter 11 of the bankruptcy law, according to The Wall Street Journal. The company is in the process of soliciting votes for a pre-packaged restructuring plan, and could file by as early as March 9 if it gets the […]

Author: Joel R. Glucksman

March 13, 2014

Chapter 11

Guess who turns 25 years old today? The Internet

Happy Birth- day To You, Happy Birth- day To You . . .Happy Birth- day I-N-T-E-R-N-E-T . . .Happy Birth- day To YOU! [dropcap style=”style1, style2, style3, or style4″]I[/dropcap]Recently, a reporter posed the following question to me: “What is the biggest challenge facing the legal profession?” After thinking about it, I said something along the […]

Author: Scarinci Hollenbeck, LLC

March 12, 2014

Tax Issues Could Hurt Bitcoin

Bitcoin is an unregulated currency that has made a big splash in the economy during the past couple of years. At first, it was the chosen form of payment for black market dealings, but more and more legitimate merchants are beginning to accept Bitcoin. According to Entrepreneur.com, Overstock and TigerDirect have already begun accepting the […]

Author: James F. McDonough

March 12, 2014

Could Environmental Law Help Address Data Breaches?

Data breaches are a growing threat to U.S. businesses. In the wake of Target’s high-profile data theft, which impacted more than 110 million consumers, and the more recent theft of consumer data from Neiman Marcus who disclosed that hackers invaded its systems for several months in a breach that involved 1.1 million credit and debit […]

Author: Scarinci Hollenbeck, LLC

March 12, 2014

International Business Publication CorporateINTL Names 2014 Tax Law Firm of the Year in New Jersey

Local Law Firm Recognized for their Domestic and International Tax, Trust & Estate law Group Lyndhurst, New Jersey – March 12, 2014 – CorporateINTL, a U.K. based international business magazine, has named Scarinci Hollenbeck the “Tax Law Firm of the Year in New Jersey.” CorporateINTL is a leading, monthly publication for business leaders and financiers, […]

Author: Scarinci Hollenbeck, LLC

March 12, 2014

Supreme Court Decision Expands Whistleblower Protections

The U.S. Supreme Court recently ruled that the whistleblower protections of the Sarbanes-Oxley Act not only shield employees of public companies, but also employees of privately held contractors and subcontractors, such as lawyers, advisers, and accountants, who perform work for the public company. The U.S. Supreme Court recently ruled that the whistleblower protections of the […]

Author: Scarinci Hollenbeck, LLC

March 11, 2014

Federal Business Tax Overhaul Could Fund Infrastructure Projects

President Barack Obama recently announced a four-year, $302 billion transportation bill to repair the nation’s aging roads, rails, bridges and tunnels. According to The New York Times, one method Obama plans to use to fund this initiative is a business tax overhaul. In the State of the Union Address, Obama said he would use the […]

Author: James F. McDonough

March 11, 2014

Business Tax

Gold River businessman gets 17 years for bankruptcy fraud

Gold River businessman Steven Zinnel and his wife were divorced in 1999, and as proceedings dragged on, things got ugly. According to the Sacramento Bee, Zinnel told his wife in an angry email in 2001 that he intended to file for bankruptcy, and that she and the ex-couple’s two teenage children would get nothing. The problem […]

Author: Joel R. Glucksman

March 11, 2014

Chapter 7

U.S., Australia Agree to Battle Tax Evasion

Tax evasion is currently a major topic of conversation, with a Senate Hearing in the near future focusing on Swiss banks. In another major move, U.S. Treasury Secretary Jacob Lew said that Australia has agreed to sign a tax evasion agreement, according to Bloomberg Businessweek. The U.S. and Australia have yet to sign the agreement, but plan […]

Author: Scarinci Hollenbeck, LLC

March 10, 2014

Are You Ready for Your Close Up? SEC Targeting Unexamined Investment Advisers

The Securities and Exchange Commission (SEC) typically examines just eight percent of the 11,000 registered investment advisers it oversees. As a result, many advisers have been able to operate under the radar. That may soon change. The SEC recently announced an initiative to examine registered investment advisers who have never been subjected to review, with […]

Author: Dan Brecher

March 10, 2014

Business Compliance

Facebook Post Leads to Costly Breach of Settlement Agreement

A daughter’s ill-advised Facebook post recently cost her father $80,000 of his settlement in an age-discrimination case. As has been widely reported in the media, Gulliver Preparatory School agreed to pay Patrick Snay, 69, an $80,000 lump-sum payment to resolve alleged violations of the Age Discrimination in Employment Act (ADEA) and retaliation. However, four days […]

Author: Robert E. Levy

March 7, 2014

Settlement Agreement

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