Firm Insights

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 […]

The U.S. Tax Court recently issued a surprising decision that invalidated the part of an IRS cost-sharing regulation – under code section 482 – which states that taxpayers are required to take the costs of stock-based compensation into account. The decision regarding the cost-sharing regulation supports taxpayer criticism that questioned the regulatory requirement that cost-based transfer […]

The NFL is cyclical. Each year the same issues arise over and over again…including the franchise tag. The franchise tag is a designation used by teams to navigate the salary cap. The tag isn’t particularly well-liked by players. The contractual devices allow teams to keep unrestricted free agents with them for an additional year, which can […]

The first few weeks of the new school year can be stressful for children and their parents with all the school activities going on, as everyone adjusts to new schedules and routines. In New Jersey, lawmakers are currently considering legislation, the New Jersey Family-School Partnership Act, that would require many employers to allow their workers […]

St. Michael’s Medical Center, one of the oldest hospitals in New Jersey, recently announced that it will file for Chapter 11 bankruptcy protection, according to NJ.com. The hospital hopes to sell its assets to Prime Healthcare Services for $49.2 million. Saint Michael’s becomes insolvent and seeks sale In bankruptcy documents, Saint Michael’s officials cited that […]