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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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No Deductions for Legal Medical Marijuana Dispensary post image

No Deductions for Legal Medical Marijuana Dispensary

Last week, the Ninth U.S. Circuit Court of Appeals ruled that legal medical marijuana dispensaries cannot claim business expenses to the IRS as other commercial enterprises. According to Forbes, the decision is considered a financial setback for legal medical marijuana dispensaries because, with business deductions being disallowed, they must pay taxes on 100 percent of […]

Author: James F. McDonough

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Tax Abatement Attorney in Jersey City, NJ post image

Tax Abatement Attorney in Jersey City, NJ

New Jersey statutes dictate the availability of tax abatements for development projects throughout the state. However, local municipalities still retain a great deal control over the application and approval process. In light of this substantial local discretion, it is advisable to work with a legal team that understands the unique requirements of each municipalities’ local […]

Author: Donald M. Pepe

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YouTube Stars Aren't Above the Copyright Law post image

YouTube Stars Aren't Above the Copyright Law

YouTube is an amazing platform that allows users to upload their own videos, but sometimes people, including entertainers, will use copyrighted music to enhance these videos, which could lead them to be muted or removed, or incite legal action. Source: http://www.classroominthefuture.com/10-ways-to-use-youtube/ YouTube star Michelle Phan recently reached a settlement with a record label following her […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "YouTube Stars Aren't Above the Copyright Law"
SEC Clarifies Whistleblower Provisions post image

SEC Clarifies Whistleblower Provisions

The Securities and Exchange Commission (SEC) recently published guidance that clarifies who qualifies as a whistleblower under the Dodd-Frank Act. The agency elected to clarify its position in the wake of legal disputes over whether an employer must report misconduct directly to the SEC in order to be eligible for the law’s anti-retaliation protections. Definition […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "SEC Clarifies Whistleblower Provisions"
Milagro Oil & Gas Files for Chapter 11 Bankruptcy post image

Milagro Oil & Gas Files for Chapter 11 Bankruptcy

Last week, Milagro Oil & Gas, one of the largest U.S. oil producers, filed for chapter 11 bankruptcy protection. The company cited refuge from a collapse of commodity prices and $468 million in debt for its decision to file for Chapter 11. Milagro Oil & Gas restructuring plan According to the Wall Street Journal, as […]

Author: Joel R. Glucksman

Link to post with title - "Milagro Oil & Gas Files for Chapter 11 Bankruptcy"
NY Court: No Statute of Limitations for a Forged Deed post image

NY Court: No Statute of Limitations for a Forged Deed

New York’s Highest Court Recently Held that the Six-Year Statute of Limitations Governing Fraud Claims does not Apply to a Forged Deed New York’s highest court recently held that the six-year statute of limitations governing fraud claims does not apply to forged deeds. The New York Court of Appeals’ decision in Faison v. Lewis held […]

Author: Dan Brecher

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Former Top Lender, Wingspan Portolfio Advisors, Files Chapter 7 Bankruptcy post image

Former Top Lender, Wingspan Portolfio Advisors, Files Chapter 7 Bankruptcy

Wingspan Portfolio Advisors, formerly an Inc. 500 fastest-growing company, recently announced plans to file for Chapter 7 bankruptcy protection. In the Chapter 7 filing document, the company listed $12.07 million in liabilities and $1.24 million in assets. Wingspan falls into debt Upon opening in 2008, Wingspan experienced a meteoric rise as a high touch special […]

Author: Joel R. Glucksman

Link to post with title - "Former Top Lender, Wingspan Portolfio Advisors, Files Chapter 7 Bankruptcy"
Football Players Thrive Off Of Endorsement Deals over Contract Bonuses post image

Football Players Thrive Off Of Endorsement Deals over Contract Bonuses

Signing your first NFL contract is an important moment The professional sports salary that many people dream of but only a select few actually obtain can be enough to support an individual who handles his finances wisely for a long time. However, many football players have other sources of income besides the teams that signed […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Football Players Thrive Off Of Endorsement Deals over Contract Bonuses"
Is Delaware Losing Its Luster for Corporations? post image

Is Delaware Losing Its Luster for Corporations?

Thanks to its business-friendly legal environment, Delaware is the home to many of the country’s largest corporations.  In fact, more than half of the Fortune 500 companies are incorporated in Delaware. As an added incentive to incorporate a business in Delaware, the Delaware Court of Chancery’s large body of corporate case law often makes it […]

Author: Robert A. Marsico

Link to post with title - "Is Delaware Losing Its Luster for Corporations?"
Clinton Offers Capital Gains Tax Increase post image

Clinton Offers Capital Gains Tax Increase

Presidential contender, Hillary Clinton, announced a proposal for capital gains tax reform. In the plan, capital gains taxes will be increased for assets held for less than six years by top-bracket investors. The proposed capital gains tax increase As part of her proposal, the top-ranking tax rate will be 43.8 percent for assets held less […]

Author: James F. McDonough

Link to post with title - "Clinton Offers Capital Gains Tax Increase"
Brexit & Trademark Concerns post image

Brexit & Trademark Concerns

On June 23, 2016, the United Kingdom voted to leave the European Union. The UK-EU divorce-nicknamed “Brexit”- will be negotiated over the next several years. In a recent blog post, we discussed recent changes in the EU system. On June 23, 2016, the United Kingdom voted to leave the European Union. The UK-EU divorce-nicknamed “Brexit”- will […]

Author: Scarinci Hollenbeck, LLC

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Major Oil Rig, Signal International, Files for Bankruptcy Due to Labor Trafficking Accusations post image

Major Oil Rig, Signal International, Files for Bankruptcy Due to Labor Trafficking Accusations

Signal International LLC, one of the largest marine and fabrication companies on the Gulf Coast, filed for Chapter 11 bankruptcy protection on Sunday, apparently to deal with a $14 million settlement as part of a lawsuit accusing Signal of labor trafficking. Signal International declares bankruptcy Signal International announced that it had filed for Chapter 11 […]

Author: Joel R. Glucksman

Link to post with title - "Major Oil Rig, Signal International, Files for Bankruptcy Due to Labor Trafficking Accusations"

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