Firm Insights

Energy & Exploration Parters file Chapter 11 Recently, major Texas oil drilling company Energy & Exploration Partners announced that it had filed for Chapter 11 bankruptcy protection. According to the Fort Worth Star-Telegram, the company decided to seek Chapter 11 bankruptcy protection after its three major creditors initiated Chapter 7 involuntary bankruptcy proceedings against it on […]

Accutest Laboratories, Inc., One Of New Jersey’s Largest Environmental Testing Laboratories, Settles With The U.S. Department Of Justice And The New Jersey Department of Environmental Protection For Alleged Violations Of Testing Protocols. One of New Jersey’s largest environmental testing laboratories, Accutest Laboratories, Inc. of Dayton, New Jersey, recently entered into settlements with the U.S. Department […]

Business Basics: The Importance of Cash Flow Projections Whether you are starting a new business or looking to grow or sell an established business, it is essential to understand your cash flow. In addition to shaping your future business decisions, cash flow projections will also likely impact future funding. Cash Flow Basics A basic cash […]

New AML Regulations to Combat Terrorism As the government seeks to address the growing threat from ISIS and other terrorist groups, it is also increasing business oversight of financial services organizations which may to be utilized by terrorists as funding mechanisms. Most recently, New York Governor Andrew Cuomo proposed a new anti-money laundering regulation that […]

So, what is the FAST Act and how will it help with securities compliance when it comes to business? On December 4, 2015, President Barak Obama signed the FAST Act (Fixing America’s Surface Transportation) into law. The transportation law is of particular interest to businesses because it also makes several important changes to the JOBS Act […]

What is the Dark Web and why does it exist? The World Wide Web, with which most people are familiar, is generally referred to as the “Surface Web.” The name derives from the analogy of the Internet to an ocean. That is, the Surface Web is the ocean’s surface layers—visible, easily accessible, and where most […]

Corporate business nexus guidelines The recent Technical Bulletin issued by the New Jersey Division of Taxation established a final set of guidelines for activities that subject a company to the corporate business nexus tax. These guidelines include a detailed description of activities that are outside the protection of Public Law 86-272 for in-state companies, according […]

A New Federal Trade Secrets Law for the New Year? Earlier this month, the U.S. Senate Judiciary Committee considered an important piece of intellectual property legislation. The Defend Trade Secrets Act (DTSA) aims to modernize and streamline the country’s trade secret laws by creating a federal claim for trade secret misappropriation. Senators Orrin Hatch (R-UT) […]

Karmaloop Inc. files Chapter 7 Karmaloop Inc., the major web-based streetwear retailer headquartered in Boston, recently announced that it had received approval from the Bankruptcy Court to convert its Chapter 11 bankruptcy case to a Chapter 7 liquidation proceeding. According to a Law 360 report, the company will now face the liquidation of all its remaining […]

During the holiday season, many of us like to say “thank you” to the professionals who provide services throughout the year. Examples include day car providers, mail carriers, delivery people, housecleaners, barbers, hairdressers, and doormen. While it is rewarding to spread holiday cheer, tipping/gifting can also be stressful when it comes to determining who to […]

The Federal Trade Commission (FTC) made waves when it announced earlier this week that it reached a proposed settlement with Wyndham Worldwide Corporation (Wyndham). The agency’s enforcement action against Wyndham alleged that the company’s lax data security practices resulted in three separate consumer data breaches. In defending the suit,Wyndham unsuccessfully challenged the FTC’s authority to […]

Increase of offshore account penalties The IRS recently warned that the agency has collected $8 billion in taxes and fines collected from offshore bank account penalties which were a result of not conforming to the Foreign Account Tax Compliance Act. According to a report by Forbes contributor and tax lawyer Robert Wood, the IRS has begun to […]