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Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Our attorneys develop content covering various legal topics ranging from Environmental to Corporate Transactions & Business to Litigation, Labor & Employment and much more.

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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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Bankrupt San Bernardino Favors CalPERS Over Bondholders

The city council of bankrupt San Bernardino announced it will resume making payments to the state pension fund – the California Public Employees’ Retirement System, or CalPERS – to the chagrin of the city’s bondholders. Municipal lawmakers approved a new 14-month budget that will require it to prioritize some creditors over others. The council voted to continue […]

Author: Joel R. Glucksman

May 3, 2013

California Public Employees' Retirement System

More Companies Change Business Designation for Tax Purposes

A growing number of companies across a variety of industries are changing their business designations in an effort to lower their liability under federal tax law. The New York Times exclusively reported on this increasingly common scenario, in which corporations that operate in several sectors – including prisons, casinos and infrastructure – are classifying themselves […]

Author: Scarinci Hollenbeck, LLC

May 3, 2013

Tax Attorney

Energy Future Holdings Proposes Bankruptcy Plan

Private energy giant Energy Future Holdings proposed a pre-packaged bankruptcy plan to its creditors in the event that it’s forced to seek bankruptcy law protection under Chapter 11 of the Bankruptcy Code. Under the proposal to restructure roughly $32 billion in debt, the company’s largest creditors would forgive $25 billion in debt in exchange for […]

Author: Joel R. Glucksman

May 2, 2013

Monmouth County to Participate in Newly Enacted Property Tax Program

In February 2013, Governor Christie signed legislation that creates a pilot program for revising the timing for submission of real property tax appeals at the County Board level. The program is known as the “Real Property Assessment Demonstration Program (“Program”). Under the present system, tax assessors are required to submit their books for finalization by […]

Author: Scarinci Hollenbeck, LLC

May 2, 2013

Scarinci Hollenbeck Launches Cyber Security & Data Protection Practice

New practice group, headed by Scarinci Hollenbeck partner and industry pioneer Fernando M. Pinguelo Lyndhurst, NJ, May 1, 2013 – Scarinci Hollenbeck is pleased to announce the formation of a new legal practice group as part of its ongoing strategic plan to integrate new legal specialties that address clients’ changing legal needs – Cyber Security […]

Author: Scarinci Hollenbeck, LLC

May 1, 2013

Justice Department Files Formal Lawsuit Against Lance Armstrong

The U.S. Justice Department filed a lawsuit against Lance Armstrong ahead of the April 23 deadline to file a formal complaint, alleging that he violated his contract with the U.S. Postal Service. USPS paid roughly $40 million to sponsor Armstrong between 1998 and 2004, and the Justice Department argues that the cyclist violated his contract […]

Author: Scarinci Hollenbeck, LLC

May 1, 2013

IRS May Lean on Social Media to Gain Information About Taxpayers

The Internal Revenue Service is receiving a great deal of criticism after allegations that it relies on social media and emails as an investigative tool into potential tax law violations being committed by Americans. For example, if a person submits a suspicious tax return in which they claim little income, but then post pictures of a […]

Author: Scarinci Hollenbeck, LLC

May 1, 2013

USPTO Reverses Course on iPad Mini Trademark

The U.S. Patent and Trademark Office (USPTO) has withdrawn its refusal to grant Apple Inc.’s trademark application for mark “iPad Mini.” The examining attorney previously denied the request on several grounds, including that the word “mini” was merely descriptive. If the USPTO determines that a mark is “merely descriptive,” then it cannot be registered unless […]

Author: Fred D. Zemel

May 1, 2013

Apple

Are Certain Non-Compete Agreements on the Way Out in New Jersey?

Non-compete agreements, also known as restrictive covenants, are employment contracts designed to limit the ability of an employee to compete with the employer by its stealing customers or trade secrets. Although somewhat controversial and frowned upon as being “restraints on trade,” most states permit such agreements (California is a notable exception). Under current New Jersey […]

Author: Scarinci Hollenbeck, LLC

April 30, 2013

Asset Protection – State Law Does Matter

State law does matter in the selection of a jurisdiction in which to create a domestic asset protection trust (APT). A brief (and incomplete) history of APTs may help the reader understand why. Common law prevented an individual from establishing a trust to protect one’s assets from the claims of creditors where he or she […]

Author: James F. McDonough

April 30, 2013

Income Tax

Scooter Store Seeks Bankruptcy Protection After Federal Raid Uncovers Fraud

The Scooter Store Holdings, a popular company that sells motorized scooters and wheelchairs throughout the U.S., was forced to file for bankruptcy protection under Chapter 11 of the Bankruptcy Code after a federal raid proved the company was guilty of fraud. In March, the Federal Bureau of Investigation, the Office of the Inspector General, the […]

Author: Joel R. Glucksman

April 30, 2013

NFLPA Announces Agreement With Electronic Signature Solutions Company

In the wake of the Elvis Dumervil contract fax mishap, the National Football League Players Association has found a solution to ease players’ fears that key paperwork won’t be submitted in time. The NFLPA announced a deal with electronic signature solutions company DocuSign, which will allow draft picks and current players to submit sports contracts and […]

Author: Scarinci Hollenbeck, LLC

April 29, 2013

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