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Puerto Rico Electric Power Authority Gets Two Week Extension post image

Puerto Rico Electric Power Authority Gets Two Week Extension

Bloomberg Business is reporting that the Puerto Rico Electric Power Authority (“PREPA”) has obtained a two-week extension from its creditors, so that it can attempt to sort out its finances. The extension runs through June 18, so that PREPA can continue talks with bond holders and banks.  The agency has approximately $9 billion of outstanding […]

Author: Joel R. Glucksman

Link to post with title - "Puerto Rico Electric Power Authority Gets Two Week Extension"
Monsanto's Proposed Tax Inversion Plan post image

Monsanto's Proposed Tax Inversion Plan

U.S.-based agrochemical giant Monsanto Co. is currently negotiating a $45 billion buyout proposal of rival Syngenta as a tax inversion strategy to relocate to the UK, according to the Financial Times. If Monsanto’s proposed tax inversion plan is accepted, this would mark the largest tax inversion in U.S. history with estimated annual savings close to $500 million. […]

Author: James F. McDonough

Link to post with title - "Monsanto's Proposed Tax Inversion Plan"
4 Essential Tips for Organizing a Music Festival post image

4 Essential Tips for Organizing a Music Festival

Organizing a music festival isn’t as simple as setting up a stage and amplifiers in the closest park. A venture such as this, is a business – and like any other – it requires plenty of attention and step-by-step planning to pull off effectively. As the music industry model changes, festivals remain one way that hundreds, […]

Author: Scarinci Hollenbeck, LLC

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Could Your Company’s Social Media Activities Expose You to Legal Liability? post image

Could Your Company’s Social Media Activities Expose You to Legal Liability?

Last year, Cole Haan Inc. received a letter from the Federal Trade Commission (FTC) that alleged its photo contest on the popular social media website, Pinterest, violated Section 5 of the Federal Trade Commission Act. This contest incident proposes to all business owners, could your company’s social media activities expose you to legal liability? According […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Could Your Company’s Social Media Activities Expose You to Legal Liability?"
End the Double Taxation Created by the Estate Tax post image

End the Double Taxation Created by the Estate Tax

Double Taxation & the Federal Estate Tax As many lawmakers push to end the federal estate tax for good, one national senator has written a letter to the Twin Falls Times-News, contending that this particular policy may be one of the least fair taxes on the books due to the double taxation it creates. In […]

Author: James F. McDonough

Link to post with title - "End the Double Taxation Created by the Estate Tax"
Damages in Defamation Suits Restricted by NJ Supreme Court Ruling post image

Damages in Defamation Suits Restricted by NJ Supreme Court Ruling

The Supreme Court of New Jersey recently held that plaintiffs in a defamation suit couldn’t recover both actual and presumed damages. The Supreme Court of New Jersey recently held that plaintiffs in a defamation suit couldn’t recover both actual and presumed damages. The case is NuWave Investment Corp. v. Hyman Beck & Co. The Facts […]

Author: Joel N. Kreizman

Link to post with title - "Damages in Defamation Suits Restricted by NJ Supreme Court Ruling"
Fun & Games with Mortgage Bankruptcy post image

Fun & Games with Mortgage Bankruptcy

Dewsnup v. Timm In 1992, the United States Supreme Court decided a mortgage bankruptcy case entitled, Dewsnup v. Timm, 502 U.S. 410 (1992).  This held that a debtor in a bankruptcy could not use a Chapter 7 liquidation proceeding to “strip down” a mortgage lien to the value of the collateral. In Dewsnup, the mortgage was […]

Author: Joel R. Glucksman

Link to post with title - "Fun & Games with Mortgage Bankruptcy"
The Anatomy of an FTC Data Breach Investigation post image

The Anatomy of an FTC Data Breach Investigation

The Anatomy of an FTC Data Breach Investigation – How does the Commission operate? While we all await national data breach standards, the Federal Trade Commission (FTC) has made it clear that it plans to continue to assert its consumer protection authority and bring privacy and data security enforcement actions. In a recent blog post, […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "The Anatomy of an FTC Data Breach Investigation"
Major Setback for Underwater Homeowners post image

Major Setback for Underwater Homeowners

Underwater Homeowners Experience Setback Owners of homes with underwater second mortgages recently suffered a large setback after the U.S. Supreme Court ruled that they cannot free themselves of their obligation to pay these debts by filing for Chapter 7 bankruptcy protection. The court’s decision on the case – Bank of America, N.A. v. Caulkett – […]

Author: Joel R. Glucksman

Link to post with title - "Major Setback for Underwater Homeowners"
What is a Loss of Value Policy and How do Athletes Collect on it? post image

What is a Loss of Value Policy and How do Athletes Collect on it?

Loss of value policies have long been around for college athletes who were afraid they may fall in the draft should they be injured during the season, but up until recently, a claim had yet to be filed. Now, one player is suing a provider, alleging that it did not provide a payout after he tumbled […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "What is a Loss of Value Policy and How do Athletes Collect on it?"
EEOC Conciliation Efforts Subject to Narrow Judicial Review post image

EEOC Conciliation Efforts Subject to Narrow Judicial Review

The U.S. Supreme Court recently held that courts do not have to take the Equal Employment Opportunity Commission (EEOC) at its word with regard to whether the agency fulfilled its conciliation obligation in discrimination cases. However, it found that the scope of judicial review is limited to whether the EEOC gave the employer notice of […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "EEOC Conciliation Efforts Subject to Narrow Judicial Review"
Is It Time for Employers to Start Preparing for New Overtime Rules? post image

Is It Time for Employers to Start Preparing for New Overtime Rules?

The Department of Labor is expected to unveil its new overtime rules later this month. For New York and New Jersey employers, it is never too soon to start preparing for the new overtime rules. Existing Federal Overtime Laws Under the Fair Labor Standards Act, employees must receive overtime pay for hours worked in excess […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Is It Time for Employers to Start Preparing for New Overtime Rules?"

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