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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New Jersey's Revel Casino Exits Bankruptcy Protection

Atlantic City, New Jersey casino Revel AC, Inc. has formally emerged from bankruptcy protection after struggling to overcome heavy operating losses incurred during its first year of operations. The company said it has completed its restructuring under the terms set forth by its Chapter 11 plan. The restructuring plan that was approved by both the […]

Author: Joel R. Glucksman

June 4, 2013

Battery Maker A123 Systems Wins Final Bankruptcy Approval

Failed battery maker A123 Systems wins final bankruptcy approval and will be permitted to move forward with its reorganization plan, a U.S. bankruptcy judge ruled. U.S. Bankruptcy Judge Kevin Carey approved the company’s plan to exit bankruptcy after using the proceeds from its asset sales to repay its creditors. The battery manufacturer, now named B456 Systems, faced several […]

Author: Joel R. Glucksman

May 31, 2013

Emergency Manager Orr: Detroit Nearing Municipal Bankruptcy

The once-bustling city of Detroit may be weeks from seeking municipal bankruptcy protection, according to the findings of a report from appointed emergency manager Kevin Orr. Orr’s analysis reveals that the city is short of cash and faces the very real risk of running out of funds to maintain city services, pay employees, and fund retirement […]

Author: Joel R. Glucksman

May 30, 2013

FBI Seeks to Open Channels of Communication With Businesses Facing Cyber Attacks

As cyber attacks against U.S. companies continue to increase in number and scope, the federal government continues to increase its efforts to build relationships with the private sector. These efforts are part of the Obama Administration’s recent Executive Order to Improve Critical Infrastructure Cybersecurity. The EO requires government agencies tasked with policing cyber threats to […]

Author: Scarinci Hollenbeck, LLC

May 29, 2013

Business Bankruptcies Declined in 2012 and Q1 of 2013

The number of high-profile corporate bankruptcies that have made national headlines in recent months suggests that business bankruptcies are on the rise. However, a new analysis shows that the opposite is true. According to new research compiled by Credit2B, a Smyyth company that specializes in credit and accounts receivable management technology, business bankruptcy filings fell for […]

Author: Joel R. Glucksman

May 28, 2013

Hedge Fund's Real Estate Unit Placed into Bankruptcy to Avoid Litigation

Hedge fund billionaire John Paulson has placed the real estate unit of his hedge fund into bankruptcy to avoid litigation, including a costly lawsuit brought against it by a lender. Five Mile Capital Partners recently brought a suit against executives of Paulson’s MSR Hotels & Resorts Inc. – the real estate arm of Paulson & Co. […]

Author: Joel R. Glucksman

May 24, 2013

Court Grants ResCap Extension to File Reorganization Plan

A U.S. Bankruptcy Court has granted Residential Capital’s request for a 30-day extension in filing its reorganization plan. During this period, the company will be unencumbered by the risk of rival proposals. In a U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn addressed the progress that’s already been made in the contentious and ongoing bankruptcy dispute, and […]

Author: Joel R. Glucksman

May 23, 2013

Reorganization Plan

Data Breach Can Be Prepared For And Stopped When it Comes Your Business

Last month, Associated Press’ Twitter account fell victim a data breach after hackers sent a fake tweet from their account referencing an explosion at the White House. The tweet caused the Dow Jones Industrial Average to plunge more than 100 points within seconds. This latest incident highlights not only how disruptive a data breach can […]

Author: Scarinci Hollenbeck, LLC

May 22, 2013

Cengage Considering Bankruptcy Proceedings

Cengage Learning, the elite academic content and software corporation, is strongly considering seeking bankruptcy proceedings following the release of disappointing third quarter financial results. In a conference call with reporters, Cengage CEO Michael Hansen explained that the company was forced to borrow the whole of its remaining available credit limit – approximately $430 million – in […]

Author: Joel R. Glucksman

May 21, 2013

Gossip Girl's Kelly Rutherford On the Brink of Bankruptcy Due to Costly Custody Battle

Actress Kelly Rutherford, known well for her role on the TV show Gossip Girl, announced that she is exploring bankruptcy protection as a financial option to overcome piles of legal bills and related expenses associated with a costly custody battle. The 44-year-old thespian entered into a highly public and contentious custody battle with her ex-husband, German […]

Author: Joel R. Glucksman

May 17, 2013

Ally Denies Role in ResCap Bankruptcy

GMAC’s Residential Capital is one of the most recent financial services companies to file for bankruptcy after a period of economic hardship. However, creditors in ResCap bankruptcy insist that Ally Financial is on the hook for much of the company’s liabilities, Dow Jones Newswires reports. In a recent filing with the U.S. Bankruptcy Court in […]

Author: Joel R. Glucksman

May 16, 2013

Another Sports Bar/Restaurant Owner Must Pay the Price for Illegal Interception of Pay-per-View Programming

About a year ago, we wrote about a then-recent decision in the Federal District Court for New Jersey in which the owner of a sports bar and restaurant was found guilty of violating the federal Communications Act, which prohibits the unauthorized reception of radio or television transmissions as well as satellite transmissions. Both sets of […]

Author: Scarinci Hollenbeck, LLC

May 14, 2013

New Jersey Business Regulations

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