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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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Time Warner Cable Faces Lawsuit Over Sports Package Bundling

Time Warner Cable will soon square off against angry customers who brought a class action lawsuit against the cable giant over sports package bundling. Subscribers are being forced to pay higher costs for sports channels they don’t want. Time Warner recently paid out $8 billion for the rights to carry L.A. Dodgers baseball games and $3 billion […]

Author: Scarinci Hollenbeck, LLC

June 28, 2013

Entertainment and Sports

Detroit Emergency Manager Halts Debt Payments, Urges Creditors To Accept Pennies on the Dollar

Detroit’s appointed emergency manager Kevyn Orr painted a grim picture of the city’s finances in his recent meeting with creditors and investors. Orr, who is tasked with implementing a plan that may help the city avoid falling into bankruptcy law protection, asked creditors and union leaders to accept significantly lesser amounts than what they are owed […]

Author: Joel R. Glucksman

June 28, 2013

Coda Affiliates Forced Into Bankruptcy

U.S. electric car maker Coda Automotive sought bankruptcy law protection in early May, and now it appears that its financial condition is impacting its affiliate companies and they will be forced into bankruptcy as well. Delaware-based Lio Energy Systems Holdings has filed for protection along with Hong Kong-based Miles Electric Vehicles Ltd. The companies are petitioning to […]

Author: Joel R. Glucksman

June 27, 2013

Revlon to Pay SEC Fine for “Going Private” Transaction

The Securities and Exchange Commission (SEC) recently announced that Revlon has agreed to pay an $850,000 fine to resolve charges that it misled investors regarding a “going private” transaction. These transactions generally involve a company delisting and deregistering its stock and cashing out their shareholders so the company or a private equity firm can acquire […]

Author: Dan Brecher

June 27, 2013

Former NBA Team Owner's Estate Challenges IRS on $1.9 Billion in Estate, Gift Tax Dispute

The estate of the former Detroit Pistons’ owner Bill Davidson is challenging the Internal Revenue Service over what could be one of the largest and most substantial estate tax law cases heard in recent years. Representatives for the late Davidson filed a suit in the U.S. Tax Court in Washington, D.C., arguing that the IRS […]

Author: James F. McDonough

June 27, 2013

Doctors to Determine Whether Cheerleading is a Sport

For years, the debate over whether cheerleading is considered a true sport has raged in high schools, universities, and athletic associations. As the number of injuries affecting cheerleaders continues to rise, doctors with the American Medical Association are set to determine whether cheerleading is a sport with the same parameters as recognized sports. Representatives of […]

Author: Scarinci Hollenbeck, LLC

June 26, 2013

Entertainment and Sports

Avoiding State Income Taxation on Portfolio Assets

It is not difficult to construct a trust that will permit an individual to avoid income taxation on portfolio assets in the jurisdiction where he or she resides. The trust is drafted in such a way as to avoid having the grantor of the trust receiving income distributions. The client may, at some point in […]

Author: James F. McDonough

June 26, 2013

Scarinci Hollenbeck Dodgers take the Crown

We are pleased to announce that the Scarinci Hollenbeck Dodgers of North Arlington won the North Arlington Little League World Series on Saturday, June 15, 2013. After practicing twice a week and coming out of the regular season with a record of 12 wins and 0 losses, the Dodgers went on to win the playoffs […]

Author: Scarinci Hollenbeck, LLC

June 25, 2013

Bank of America Says Countrywide Bankruptcy Remains an Option

Bank of America is playing hardball with its Countrywide Financial unit, and recently raised the possibility of putting Countrywide into bankruptcy only two years after reaching a landmark $8.5 billion settlement with mortgage investors. Countrywide, which struggled to stay afloat following a swarm of mortgage-related litigation after the housing market collapse, was purchased by Bank of […]

Author: Joel R. Glucksman

June 25, 2013

Filing Bankruptcy

Kansas Sues Sperm Donor for Child Support

This case in Topeka Kansas has been in the news since December 2012. Mr. William Marotta provided sperm for a child conceived through artificial insemination for a lesbian couple. The State of Kansas is seeking to hold Mr. Marotta responsible for child support despite the fact that Mr. Marotta relinquished his parental rights in a […]

Author: James F. McDonough

June 25, 2013

Scarinci Hollenbeck Attorney Sworn onto Board of Directors of MODC

Patrick J. McNamara begins term on the Board of Directors of the Monmouth-Ocean Development Council Scarinci Hollenbeck wishes to congratulate Patrick J. McNamara on his swearing-in this past Friday, June 21, 2013, to a three year term on the Board of Directors of the Monmouth-Ocean Development Council. The MODC, established in 1965, is a consortium of business, […]

Author: Scarinci Hollenbeck, LLC

June 24, 2013

Warner Music, Atlantic Records Facing Lawsuit Over Unpaid Internships

Justin Henry, a former intern with Atlantic Records, filed a class-action lawsuit against the company, as well as parent company Warner Music Group, over his unpaid internship. The number of lawsuits against music, movie, and entertainment companies for work from an unpaid internship has steadily increased in recent years and may play a bigger role in […]

Author: Scarinci Hollenbeck, LLC

June 24, 2013

Entertainment and Sports

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