Firm Insights

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 […]

All sorts of entertainment – music, movies, books and television – are copyrighted to ensure that they are safe from people attempting to profit off of ideas that are not their own. However, sometimes it is okay to “rip-off” someone else’s work under a legal concept called fair use. What is Fair Use? Basically, fair […]

Last week, the New York Division of Tax Appeals ruled that the New York Division of Taxation did not have the right to impose a non-resident income tax. This income tax against Patrick J. Carr, a nonresident lawyer, was voided because he is licensed to practice in New York. In the case, the Court ruled […]

As the natural resources on Earth grow scarce, some businesses are looking outside our atmosphere. While sending miners to an asteroid may seem like the plot of a science fiction movie, it could become a reality in the foreseeable future. If this is true, then attorneys may need to start looking into space laws. In […]

Decisions have been made regarding the FTC’s cybersecurity authority… In a precedential decision, the Third Circuit Cmorourt of Appeals recently affirmed the cybersecurity authority of the Federal Trade Commission (FTC) to hold businesses liable for data breaches under Section 5 of the FTC Act. The Facts of the Case During 2008 and 2009, hackers breached […]

The Supreme Court of New Jersey recently addressed whether the homeowners association and management company of a common-interest community had the duty to clear snow and ice from the community’s private sidewalks or in short, sidewalk liability. According to the justices’ opinion in Qian v. Toll Brothers, the answer is yes. Plaintiff Cuiyun Qian filed […]

One of the few things that a rookie to the NFL may negotiate is what is referred to as “offset language” in his contract. However, chances are, teams won’t be inclined to remove such a clause from a first-year player’s contract. Offset language isn’t a topic typically discussed beyond meeting rooms occupied by agents, players […]

On August 3, 2015, the Environmental Protection Agency (EPA) published the final version of its “Clean Power Plan,” which seeks to reduce carbon emissions from existing power plants by fostering the creation of renewable energy. It is estimated that power plants account for nearly 40 percent of carbon dioxide emissions in the United States which […]

Under the above headline, The Wall Street Journal recently reported that wage disputes against restaurants have proliferated in troubling and damaging numbers: “…The number of wage-violation lawsuits has been on the rise for more than a decade, driven by a successful worker-organization movement, increased attention by plaintiffs’ attorneys and complicated labor laws that leave some […]