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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Grammy Award Winner Dionne Warwick Seeks Bankruptcy Protection

Five-time Grammy award winner Dionne Warwick has filed for bankruptcy protection in New Jersey, listing millions in liabilities, much of which is owed to the Internal Revenue Service. The 72-year-old singer is seeking bankruptcy law protection under Chapter 7 of the Bankruptcy Code, meaning that many of her debts – though not all – may be […]

Author: Joel R. Glucksman

April 4, 2013

Bankruptcy Protection

Trustee Objects to $20 Million Payout to American Airlines Executive

American Airlines Executive, Tom Horton to Receive Severance Package? The bankruptcy of American Airlines has culminated in a multi billion-dollar merger between the distressed carrier and US Airways. While the bankruptcy story may have a happy ending for many workers impacted by the proceedings, there are still several loose ends to tie up, and the […]

Author: Joel R. Glucksman

April 2, 2013

American Airlines

SEC Seeking to Make Punishment Fit the Crime

The Securities and Exchange Commission (SEC) will likely undergo a number of significant changes with Mary Jo White at the helm. She has promised to step up enforcement if confirmed as the agency’s new chairwoman. Changes could also be coming to how the SEC punishes securities violations. The agency is reportedly exploring the use of […]

Author: Dan Brecher

April 2, 2013

Bankrupt Company Leaves Weapons Arsenal

A U.S. Bankruptcy Court is treading carefully on a Chapter 7 bankruptcy liquidation that will leave behind a large cache of weapons. Seattle-based company Advanced Interactive Systems recently sought bankruptcy law protection under Chapter 7 of the Bankruptcy Code. The company owns a number of shooting ranges and also trains security professionals, and as a […]

Author: Joel R. Glucksman

March 29, 2013

Chapter 7

Detroit to Appoint an Emergency Manager

Michigan Gov. Rick Snyder announced Thursday at a news conference in Detroit that he was committed to sending an emergency manager to oversee Detroit’s finances as the city struggles to avoid seeking bankruptcy law protection under Chapter 9 of the Bankruptcy Code. Snyder will recommend the appointment of bankruptcy lawyer Kevyn Orr as the emergency […]

Author: Joel R. Glucksman

March 28, 2013

Drop in Venture Capital Means More Competition for Start-Ups Seeking Funding

Young, emerging growth companies looking to venture capital firms as an alternative to more traditional debt financing sources may experience stiffer competition. VC investments declined for the first time in three years, according to a recent MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA). Overall, venture capitalists invested $26.5 billion in […]

Author: Dan Brecher

March 28, 2013

Start-Up Business

Geokinetics Files for Chapter 11 Bankruptcy Protection

Geokinetics, a provider of seismic data, has filed for bankruptcy law protection under Chapter 11 of the Bankruptcy Code in Wilmington, Delaware. The voluntary bankruptcy will help the company accomplish its previously announced financial restructuring. The Houston-based corporation listed $12 million in assets and $351 million in liabilities. However, an agreement with the holders of […]

Author: Joel R. Glucksman

March 26, 2013

Trustee Wants to Auction Grand Casino Boat and Contents

The bankruptcy trustee overseeing the Chapter 7 liquidation of the Mississippi-based Grand Station Casino has submitted a request to auction off the famous casino boat and most of its inventory. Trustee Stephen Smith asked the court for permission to have the vessel auctioned off with all moveable equipment, including furniture, office equipment, a lift, food and […]

Author: Joel R. Glucksman

March 22, 2013

Chapter 7

Bankruptcy Judge Allows HealthBridge to Slash Union Workers' Benefits

A federal bankruptcy judge has approved a request by New Jersey-based HealthBridge Management to temporarily reduce the benefits of 600 union workers employed by five Connecticut nursing homes while it undergoes bankruptcy proceedings. Bankruptcy Judge Donald Steckroth sided with the distressed company after it noted that the full costs of pension and benefits insurance would […]

Author: Joel R. Glucksman

March 21, 2013

Proposed Bill Would Allow Remote Attendance at Shareholders’ Meetings

Legislation designed to make New Jersey a more “business friendly” has passed both the state Senate and Assembly. The bills are part of a package that includes important changes that limit the opportunity for shareholder derivative suits. Legislation designed to make New Jersey a more “business friendly” has passed both the state Senate and Assembly. […]

Author: Scarinci Hollenbeck, LLC

March 20, 2013

Hostess is Coming Back? Hostess Brands to Make Comeback by Summer

Hostess is coming back to a supermarket near you Thousands of people flocked to grocery stores when Hostess announced that it would no longer make its iconic desserts following its bankruptcy. However, the company has now announced that its popular Twinkies brand, along with other favorites, may return to the shelves as early as summer following […]

Author: Joel R. Glucksman

March 19, 2013

HealthBridge Seeks Chapter 11 Bankruptcy Protection

Five Connecticut nursing homes operated and managed by HealthBridge Management were recently forced to seek Chapter 11 Bankruptcy Protection. The filing resulted after HealthBridge was denied a request to delay a court order forcing it to reinstate 600 union workers that went on strike after the company unilaterally changed their labor contracts, according to The […]

Author: Joel R. Glucksman

March 15, 2013

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