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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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Global Aviation Holdings Files Fourth Bankruptcy Case

Global Aviation Holdings may have made history after announcing on Nov. 12 its plans to file for protection under Chapter 11 of the bankruptcy law for the fourth time since its inception. The company, which is the largest commercial provider of charter air services to the U.S. military, filed bankruptcy proceedings with the U.S. Bankruptcy Court in […]

Author: Joel R. Glucksman

November 26, 2013

Chapter 11

Sampling Music Can Create Legal Issues for Artists

Whether a recording artist is trying to pay homage to a favorite musician or simply like a song and want to make it their own, sampling past music for their own use. Before releasing the music commercially, artists need to be sure that they get legal permission for sampling another artists music – or else […]

Author: Scarinci Hollenbeck, LLC

November 25, 2013

U.S., France Sign Intergovernmental Agreement to Combat Offshore Tax Evasion

The U.S. Department of the Treasury and the government of France have partnered up to combat egregious tax law violations carried out through the use of offshore accounts, the federal department said. The two countries have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA). IGAs have been instrumental in helping countries […]

Author: Scarinci Hollenbeck, LLC

November 25, 2013

Are Letter Agreements Binding Contracts or Not?

New Jersey business partners often execute letter agreements, which outline the fundamental terms of the business transaction prior to consummating the final contract. However, when deals go south, poorly drafted letters of intent can lead to messy breach of contract lawsuits. In a recent breach of contract case, a New Jersey judge refused to compel […]

Author: Scarinci Hollenbeck, LLC

November 25, 2013

Will Banks’ Latest Round of Dodd-Frank Resolution Plans Pass Muster?

The requirement that large banks submit written plans for rapid and orderly resolution in bankruptcy in the event of financial failure is a key feature of the federal government’s plan to keep the 2008 financial crisis from repeating. However, many banks still need to fine-tune their resolution plans, according to federal regulators. Under the Dodd-Frank […]

Author: Robert A. Marsico

November 22, 2013

Financial Regulations

U.S. Officials Granted Access to Bank Records in Tax Evasion Probe

A federal judge granted a request made by government officials to obtain the account data and identifying information of American banking clients suspected of committing tax law violations through offshore accounts managed by the Bank of N.T. Butterfield & Son. Butterfield currently has several offices throughout the Caribbean and Switzerland, and officials have long suspected […]

Author: Scarinci Hollenbeck, LLC

November 22, 2013

Offshore Tax Evasion

Fitch: Stockton Bankruptcy Likely To Affect Future Municipal Bankruptcy Negotiations

A new analysis asserts that court approval of Stockton, California’s plan of reorganization under Chapter 9 of the bankruptcy law could have far-reaching implications for future municipal bankruptcy cases, particularly with regard to labor negotiations. Fitch Ratings recent report, “Stockton Bankruptcy Perspectives,” discusses the ways in which negotiations among labor unions, employees, bondholders, and taxpayers […]

Author: Joel R. Glucksman

November 22, 2013

College Sports Recruiting Has Now Targeted Grade School

Sports programs have become increasingly profitable for colleges and universities in recent years, which has led many schools to begin targeting top athletes as early as grade school. There is currently no rule in place that prevents colleges and universities from recruiting kids this age, but this could become a major topic of conversation in the near […]

Author: Scarinci Hollenbeck, LLC

November 22, 2013

Atlantic Club Casino Seeks Bankruptcy Protection

The Atlantic Club Casino Hotel recently announced that it has filed for protection under Chapter 11 of the bankruptcy law, and that it plans to seek bids from potential buyers over the coming weeks. The company, which filed bankruptcy proceedings in the U.S. Bankruptcy Court in Camden, N.J., hopes to be sold at a bankruptcy auction […]

Author: Joel R. Glucksman

November 21, 2013

Adobe Facing Class Action Over Data Breach

Adobe Systems, Inc. is one of the latest to face a class action lawsuit related to a wide-scale data breach. Hackers reportedly gained access to sensitive customer information for users of Adobe’s popular software programs, such as Photoshop and InDesign. The stolen data included personal information, passwords, and credit card numbers. The class-action suit, filed […]

Author: Scarinci Hollenbeck, LLC

November 20, 2013

Can You Trademark Your Name?

Athletes, celebrities and other well-known people have recognizable names. For this reason, other parties may try to profit from their likeness. In response, famous people may want to trademark their name, but is this possible? If the Trademark Office views a name as “distinctive,” it can, in fact, be trademarked. Celebrities can hire an entertainment […]

Author: Scarinci Hollenbeck, LLC

November 20, 2013

Twitter Tax Break Deal May Cost San Francisco Millions

Twitter’s initial public offering has been a boon for investors, but a tax deal agreement the company negotiated with San Francisco may end up costing the city millions of dollars in the future. Twitter recently forged a unique agreement with San Francisco, whereby the company would keep its headquarters in the city in exchange for lucrative […]

Author: Scarinci Hollenbeck, LLC

November 20, 2013

Initial Public Offering

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