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Business Law

Scarinci Hollenbeck's Corporate Transactions & Business Law practice group regularly provides guidance and representation to clients in a range of areas including mergers, acquisitions, divestitures, commercial finance, strategic alliances, joint ventures, technology transactions, licensing, employment, shareholder relations, and much more. The Corporate Transactions & Business practice group is made up of accomplished practitioners with many years of experience who regularly publish articles relating to the industry.
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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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Detroit Businesses See Bankruptcy as Opportunity for 'Stability' post image

Detroit Businesses See Bankruptcy as Opportunity for 'Stability'

When cities file for municipal bankruptcy protection, public works projects, civil servants, and public institutions typically suffer. In the case of the most recent historic filing, many Detroit businesses see it as an opportunity to gain more traction in an economy that has been unpredictable and sluggish for the last several years. Sandy Baruah, head of the […]

Author: Joel R. Glucksman

Link to post with title - "Detroit Businesses See Bankruptcy as Opportunity for 'Stability'"
First Detroit Bankruptcy Hearing Set by Judge post image

First Detroit Bankruptcy Hearing Set by Judge

Legal challenges to a historic petition to file for Chapter 9 municipal bankruptcy continue, as the city braces for the initial Detroit bankruptcy hearing this week. Less than one week after Detroit filed for the largest municipal bankruptcy in U.S. history, the city has requested that U.S. Bankruptcy Judge Steven Rhodes suspend pensioners’ lawsuits and prevent new […]

Author: Joel R. Glucksman

Link to post with title - "First Detroit Bankruptcy Hearing Set by Judge"
SEC Moves Away From “Neither Admit Nor Deny" Settlement Policy: What’s Next? post image

SEC Moves Away From “Neither Admit Nor Deny" Settlement Policy: What’s Next?

The Securities and Exchange Commission (SEC) recently announced changes to its long-standing practice of settling cases on a “neither admit not deny basis.” Under the terms of the SEC’s policy, defendants are not required to admit to the SEC’s allegations of wrongdoing in settlement agreements and consent judgments. However, they are also not allowed to […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "SEC Moves Away From “Neither Admit Nor Deny" Settlement Policy: What’s Next?"
Patriot Coal To Impose Less Severe Cuts Than It Could Have post image

Patriot Coal To Impose Less Severe Cuts Than It Could Have

Bankrupt company Patriot Coal Corporation recently obtained court permission to eliminate its collective-bargaining agreements with unionized miners. However, the company said it plans to impose less severe cuts than it could under the court’s ruling in order to protect and maintain relationships with its workers. In a statement, the company announced that it has made […]

Author: Joel R. Glucksman

Link to post with title - "Patriot Coal To Impose Less Severe Cuts Than It Could Have"
Finally! SEC Approves Rule to Assist Companies Raising Capital post image

Finally! SEC Approves Rule to Assist Companies Raising Capital

As required by the JOBS Act, the Securities and Exchange Commission (SEC) finally enacted rules to allow for general solicitation of private security offerings. The move is good news for early stage and emerging companies, as it will open the door to billions of dollars in new funding. The new rule specifically amends Rule 506 […]

Author: Dan Brecher

Link to post with title - "Finally! SEC Approves Rule to Assist Companies Raising Capital"
Global Shipping Company TMT Seeks Bankruptcy Protection under Chapter 11 post image

Global Shipping Company TMT Seeks Bankruptcy Protection under Chapter 11

The TMT Group, a global shipping company, has sought bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code in a Houston court after failing to restructure roughly $1.46 billion in debt. The TMT filing includes 23 related entities. The company – whose 17 vessels transport oil, vehicles, and other large cargo items – cites […]

Author: Joel R. Glucksman

Link to post with title - "Global Shipping Company TMT Seeks Bankruptcy Protection under Chapter 11"
Detroit Files for Chapter 9 Municipal Bankruptcy post image

Detroit Files for Chapter 9 Municipal Bankruptcy

After months of closed-door negotiations and speculation, the city of Detroit officially filed for Chapter 9 municipal bankruptcy, making it the largest municipal bankruptcy in U.S. history. The city, which is facing billions of dollars in debt due to decades of mismanagement, high unemployment, and tax revenue losses, failed to reach an accord over the recent […]

Author: Joel R. Glucksman

Link to post with title - "Detroit Files for Chapter 9 Municipal Bankruptcy"
The U.S. Supreme Court, in Overturning Section 3 of DOMA, Creates Issues for Benefit Plans post image

The U.S. Supreme Court, in Overturning Section 3 of DOMA, Creates Issues for Benefit Plans

Historically, the definition and regulation of the marriage relationship was deemed to be the exclusive domain of the states. With passage of the Defense of Marriage Act of 1996 (“DOMA”), Congress changed this assumption in two important respects: In United States v. Windsor (Case No. 12–30, decided June 26, 2013), the U.S. Supreme Court ruled […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "The U.S. Supreme Court, in Overturning Section 3 of DOMA, Creates Issues for Benefit Plans"
Commercial Lease Insurance Language is Upheld post image

Commercial Lease Insurance Language is Upheld

In many of today’s commercial leases, the parties generally gloss over the insurance clauses considering them to be simply boiler plate or standard language. Generally speaking, little thought is given to the insurance clauses until in fact something bad happens. In a properly drafted Triple Net Lease, each party provides its own insurance to protect […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Commercial Lease Insurance Language is Upheld"
Cengage Learning Files for Bankruptcy Protection post image

Cengage Learning Files for Bankruptcy Protection

Textbook publisher and education company Cengage Learning announced that it has sought Chapter 11 bankruptcy protection as part of a pre-arranged restructuring plan that will enable it to reduce its $5.8 billion in outstanding debt. The company filed for protection in the U.S. Bankruptcy Court in Brooklyn, New York. Like many other textbook publishers, it […]

Author: Joel R. Glucksman

Link to post with title - "Cengage Learning Files for Bankruptcy Protection"
Alabama Grocery Chain Files For Bankruptcy under Chapter 11 post image

Alabama Grocery Chain Files For Bankruptcy under Chapter 11

Alabama grocery conglomerate – Belle Foods – filed for bankruptcy law protection under Chapter 11 of the Bankruptcy Code, citing excessive debt and insufficient cash flow as the cause of its financial strain. The company, which once operated the former Bruno’s and Food World stores, said it was finding it difficult to meet its creditor […]

Author: Joel R. Glucksman

Link to post with title - "Alabama Grocery Chain Files For Bankruptcy under Chapter 11"
Twinkies Make Their Way Back to the Shelves as the Brand Seeks to Reinvent Itself post image

Twinkies Make Their Way Back to the Shelves as the Brand Seeks to Reinvent Itself

If you’re a regular reader, you know I always post on Tuesday. However, I wanted to post this article today because Hostess Twinkies made their way back on the shelves this morning. Everyone at the office is excited about this; perhaps it calls for an office-wide get together featuring a few boxes of our old […]

Author: Joel R. Glucksman

Link to post with title - "Twinkies Make Their Way Back to the Shelves as the Brand Seeks to Reinvent Itself"

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