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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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Business Owners and Wealthy Individuals: Don't Forget to Account for State Estate Taxes

Lawmakers’ decision to allow for a $5.25 million exemption for estates may have served as a great relief to wealthy individuals and small business owners who want to pass on considerable wealth to future generations. However, during estate tax planning, it’s important for individuals to also take estate taxes that their particular state may impose […]

Author: Scarinci Hollenbeck, LLC

April 29, 2013

Judge Rules Madoff Trustee Cannot Block $410 Million Merkin Settlement

A U.S. District Judge ruled that Irving Picard, the bankruptcy trustee in charge of the Bernard Madoff case, will not be permitted to block the $410 million Merkin settlement resolving New York state’s claims against Wall Street hedge fund manager Ezra Merkin, the man accused of secretly steering client money to Madoff. Picard argued that a […]

Author: Joel R. Glucksman

April 26, 2013

IRS Data Shows 'Clusters' of Potential Tax Evaders in Five Cities

Internal Revenue Service data analyzed by the National Taxpayer Advocate sheds light on five metropolitan areas in which the likelihood for tax evasion – and audits for potential tax evaders – is the highest. The Associated Press provided an exclusive report on the study’s findings, which reveal that small business owners and individuals living in wealthy areas […]

Author: Scarinci Hollenbeck, LLC

April 26, 2013

Does Corporate Citizenship Pay Dividends?

Being a good corporate citizen does matter, according to recent studies involving both consumers and executives. Marketing agency Good.Must.Grow (GMG) found that many consumers consider social responsibility when purchasing products or services. Of the 1,015 survey respondents, 60 percent indicated that buying goods from socially responsible companies is important to them. Treatment of employees ranked […]

Author: Donald M. Pepe

April 25, 2013

Boise State Petitions Court to Void $5 Million Big East Cancellation Penalty

In light of an announcement from the Big East Conference – soon to be the American Athletic Conference – that it will pursue a lawsuit against Boise State University for failing to pay the $5 million cancellation policy for exiting the conference, BSU has filed a counter lawsuit. In a statement released by the university, BSU has […]

Author: Scarinci Hollenbeck, LLC

April 24, 2013

Department of Justice Calling for Rule Change to Pursue Foreign Businesses

The federal government has recently stepped up its efforts to pursue legal action against foreign businesses that have broken U.S. laws. After a series of legal setbacks, the Department of Justice (DOJ) is looking to amend the Federal Rules of Criminal Procedure. Companies and individuals may be held liable to breaking U.S. criminal laws without […]

Author: Scarinci Hollenbeck, LLC

April 24, 2013

Shock Jock Loses NY Business Lawsuit Over Key Contract Term

Howard Stern recently suffered another legal setback in his lawsuit against Sirius XM Radio Inc. A New York state appeals court affirmed the dismissal of his $330 million breach of contract lawsuit. The disputes centered on the terms of a 2004 employment agreement under which Stern agreed move his radio program to Sirius XM. The […]

Author: Robert E. Levy

April 23, 2013

Commercial litigation attorney NYC

IRS to Cut Back on Individual, Corporate Audits in 2013

The Internal Revenue Service is seeking out strategies to maximize its efficiency on a lower budget, and this may translate to fewer individual and corporate audits in 2013, a new report suggests. Documents obtained by a non-partisan watchdog group, Transactional Records Access Clearinghouse, revealed that the IRS plans to reduce the number of staffers it places […]

Author: Scarinci Hollenbeck, LLC

April 22, 2013

Military, Law Enforcement Supplier Seeks Chapter 11 Bankruptcy Protection

U.S. Cavalry Store Inc., a provider of military and law enforcement gear and equipment, has filed for Chapter 11 Bankruptcy protection. The Kentucky-based company owes money to between 200 and a thousand creditors. It listed assets of less than $50,000 and liabilities ranging from $1 million to $10 million, according to The Associated Press. However, […]

Author: Joel R. Glucksman

April 19, 2013

Helmet-Maker Riddell Loses $11.5 Million Lawsuit

A Colorado jury awarded a young man who suffered severe brain injuries while playing high school football millions of dollars in a lawsuit brought against helmet-maker Riddell. Rhett Ridolfi, now 22 years old, was awarded $11.5 million in damages after suing Riddell, football coaches and his former high school’s administration. The jury ruled that while […]

Author: Scarinci Hollenbeck, LLC

April 19, 2013

Sports Attorney

Does Your Small Business LLC Have an Operating Agreement?

New York, like many states, requires all limited liability companies to have an operating agreement, regardless of size. In New Jersey, they are not required, but they are certainly a good idea. An operating agreement is essential to the smooth operation of an LLC because it governs the company’s financial and business decisions. For the […]

Author: Scarinci Hollenbeck, LLC

April 19, 2013

Chinese Buyer Changes Bankrupt A123 Systems' Name to B456

In a streak of creativity following its purchase of bankrupt battery maker A123 Systems, Chinese firm Wanxiang Group changed the company’s name to B456 Systems and announced its plans to renew operations within the U.S. After filing the new name with the U.S. Securities and Exchange Commission, Wanxiang said it plans to maintain the company’s […]

Author: Joel R. Glucksman

April 18, 2013

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