Firm Insights

The Securities and Exchange Commission has been moving more aggressively to state the types of activities that will result in a determination that a “finder” is acting as a securities broker-dealer. The SEC is also focusing on securities broker-dealer issues in its OCIE compliance exams of private investment funds, and has recently instituted a significant […]

Corporate Labor Attorney Gary S. Young authors article titled, “Wage-Violation Lawsuits By Restaurant Workers,” is featured by the New Jersey Restaurant Association. The decade-long, steadily increasing rise of wage-violation lawsuits by restaurant workers against their employers that has been making headlines was recently discussed in an article written by Scarinci Hollenbeck partner Gary Young, published […]

Last week, Samson Resources Corp., one of the largest oil and gas companies in the country, announced plans to file for Chapter 11 bankruptcy protection. According to Oil and Gas Investor magazine, Samson Resources will reach a deal with lenders to restructure its $4.15 billion debt. Samson Resources falls into debt The company is one […]

Although all individuals holding a life insurance policy own an investment, they did not have the legal right to exert control over the investments inside the policy. However, according to a recent ruling by the U.S. Tax Court, investors who exercise control over how money is invested are subject to tax on the investment income. […]

Many NFL players deal with roster cuts Anyone who watches HBO’s “Hard Knocks,” a behind-the-scenes look at the NFL preseason, understands that getting removed from a team as the organization goes through roster cuts is tough. However, for many players, the pursuit of a dream career in the NFL doesn’t end at these sudden roster […]

The NJ Division of Taxation establishes these guidelines for Corporate Business Tax. The recent Technical Bulletin issued by the NJ Division of Taxation established a final set of nexus guidelines for activities that subject a company to the corporate business tax. These new nexus guidelines include a detailed description of activities that are outside the […]

On Aug. 28, Bunkers International Corp., one of the largest suppliers of bunker fuel in the world, announced that it had filed for Chapter 11 bankruptcy protection. The bunker fuel supplier company was forced to seek bankruptcy protection after its primary lender terminated its lending agreement. Bunkers International loses primary lender, becomes insolvent The global bunker […]

Do you lack cybersecurity confidence? Don’t worry many Business Executives don’t understand cybersecurity confidence. As cyber threats against U.S. businesses continue to grow, most companies have increased their investment in cybersecurity. However, according to a new survey, a number of high-level business executives revealed they did not possess much cybersecurity confidence. The March 2015 survey polled […]

In the legal world, a concept exists that prevents the prosecution of a person twice for the same offense. In the wake of Judge Richard Berman’s ruling on the now infamous Deflategate scandal, it is important to understand that in the NFL double jeopardy – as the concept is called – is virtually nonexistent. What […]

On August 20, the town of Hillview, Kentucky announced that it had filed for Chapter 9 bankruptcy protection, according to the Louisville Courier-Journal. In court documents, the town noted that it had sought bankruptcy protection following an $11.4 million jury verdict, which was approximately four times the town’s budget. Hillview’s legal dispute lands them in […]

A New Jersey appeals court recently clarified the circumstances under which New Jersey real estate disclosure is required for a property’s tragic past. In Petrosino v. Ventrice A New Jersey appeals court recently clarified the circumstances under which New Jersey real estate disclosure is required for a property’s tragic past. In Petrosino v. Ventrice, the […]

Last week, Alpha Natural Resources, one of the largest U.S. coal producers, announced plans to file for Chapter 11 bankruptcy protection, according to the Wall Street Journal. In court papers, the coal producer announced that it is entering Chapter 11 bankruptcy protection to cut its debt load, currently listed at $7.1 billion. Alpha Natural Resources falls […]