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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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New York Estate Tax Law Change Could Hurt Home Gifting

New York Gov. Andrew Cuomo and lawmakers are currently considering changes to the Empire State’s estate tax law. If passed, one of the biggest benefits would be an increase to the estate tax exemption from $1 million to $5.25 million by 2019, which means New Yorkers could pass on assets to children worth $5.25 million without […]

Author: James F. McDonough

March 7, 2014

New York

Hostess Brands Inc. bankruptcy posed risk to other pensions

When Hostess Brands Inc. filed for protection under chapter 11 of the bankruptcy law in 2012, it posed risk to other pensions and medical charges for its employees as one of the the driving reasons behind the filing. At the time, the company was involved in a struggle with workers’ unions over a new contract […]

Author: Joel R. Glucksman

March 7, 2014

Cincinnati Bengals May Have Violated Fair Labor Standards Act

Fair Labor Standards Act Violation NFL teams employ cheerleaders to roam the sidelines during games for the purpose of entertaining fans and cheering on the players. It also appears that some teams may be taking advantage of these women with poor wages as the second complaint in a few months was recently filed against a team. […]

Author: Scarinci Hollenbeck, LLC

March 7, 2014

Will Crisis in Ukraine Unfold on the Internet With Twitter Again Playing a Critical Role In Global Affairs?

Businesses around the world are closely monitoring the escalating crisis in the Ukraine. With both the United States and Russia threatening economic sanctions, including trade bans and asset freezes, the tension poses a real threat to companies with business interests in the region as well as to global markets. While much of mainstream media coverage […]

Author: Scarinci Hollenbeck, LLC

March 6, 2014

Estate of Hughes: A Graegin Loan And A Great Result

A Graegin Loan is one obtained by an estate to pay death taxes and administration fees. Typically, court approval of the transaction is necessary for the loan to be considered necessary for the administration of the estate. Once that hurdle is cleared, the interest expense is deductible which is of considerable benefit. Estates that are […]

Author: James F. McDonough

March 6, 2014

Could a Bad Case of the Flu Fall Under the FMLA?

While the 2013–2014 influenza season got off to a slow start, the illness is now becoming widespread in many parts of the country, including both New York and New Jersey. Given that the late “peak” flu season is expected to continue well into May, employers should expect sick calls to continue for the foreseeable future. […]

Author: Scarinci Hollenbeck, LLC

March 5, 2014

Indiana, Michigan Changing Business Tax Laws

Businesses face many taxes, but a Senate-approved plan in the Indiana House could provide some relief to companies in the state. According to Bloomberg Businessweek, lawmakers are considering amendments that would overhaul the plan for cutting the property tax on business equipment. The biggest challenge facing Indiana lawmakers is finding a happy medium between cutting […]

Author: Scarinci Hollenbeck, LLC

March 5, 2014

Business Tax

Is Copyright Infringement an Issue in Hollywood?

Is there any originality left? When movie and show creators come up with an idea, many people may think it is original, but that isn’t always the case. For example, director Spike Jonze was recently sued with a copyright infringement lawsuit by two writers who claim he stole their ideas for “HER” from a script […]

Author: Scarinci Hollenbeck, LLC

March 5, 2014

When Can a Tweet Lead to Criminal Prosecution?

In Spain, Alba González Camacho was recently convicted of inciting terrorism. While such allegations are far from rare in today’s world, her modus operandi—social media. As reported in The New York Times, prosecutors contend that Camacho’s Twitter posts, which called on the disbanded terror group Grapo to kill several Spanish politicians, crossed the free speech […]

Author: Scarinci Hollenbeck, LLC

March 4, 2014

A Change in Form: F Reorganizations in Foreign Context

Reorganizations under IRC §368(a)(1)(F) (“F Reorganizations”) are mere changes in form, such as changing a state of incorporation. This change may be made for any number of reasons, although choice of law or no longer doing business in the state are common. F Reorganizations in the international context involve consideration of many more substantive issues. […]

Author: James F. McDonough

March 4, 2014

Mt. Gox insolvency may lead to bankruptcy

The Mt. Gox exchange has been the largest financial exchange for Bitcoin throughout most of the currency’s existence. All of that changed in recent weeks, when a error in the exchange’s transaction protocol led Mt. Gox to halt all Bitcoin withdrawals, according to The New York Times. On Monday, Feb. 24, the exchange appeared to be on the verge […]

Author: Joel R. Glucksman

March 4, 2014

Mt. Gox

Can Paparazzi Be Charged With Harassment?

Celebrity Life Part of being an A-List celebrity is having paparazzi photograph you wherever you go. Whether you are on the way to the gym or eating a meal with your family, these photographers can be difficult to escape. In some cases, they can get up close and personal, which may seem to be a […]

Author: Scarinci Hollenbeck, LLC

March 3, 2014

Celebrity lawsuit

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