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If a collection company calls you repeatedly, threatens litigation or tells you it can cause you to lose your driver’s license, or contacts you or your employer after you write and tell them to stop harassing you, the collection company is violating laws and rules applicable to the collection industry. Under the Fair Debt Collection Practices Act (FDCPA), businesses must follow certain rules when attempting to collect a debt. The federal law also imposes penalties for violations and provides protections for debtors.

To allow a larger number of companies to undertake securities offerings in reliance on the revamped Regulation A, additional changes are forthcoming. Under the Economic Growth, Regulatory Relief, and Consumer Protection Act (Act), which President Donald Trump signed into law on May 24, 2018, the Securities and Exchange Commission (SEC) must again revise Regulation A+, this time to allow public companies to use it to offer securities.

Pursuant to 31 U.S.C. 5314(a) and 31 C.F.R. 1010.350, a United States person is required to annually report financial accounts in which it has a financial interest or signature authority over to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts Form (FBAR).

SH recently secured victory in the NJ Superior Court, Appellate Division for its client, Your Way Construction, Inc., in a $3 million bid challenge.

The Securities and Exchange Commission (SEC) is exploring ways to improve its whistleblower program in its first major overhaul since inception

Scarinci Hollenbeck Partner Patrick J. McNamara & Team Successful in Receiving 7 to 1 Vote from Eatontown Planning Board for Monmouth Mall Redesign Plan Approval Red Bank, NJ, July 18, 2018 – Scarinci Hollenbeck, Scarinci Hollenbeck, Attorneys at Law, successfully received a seven to one vote from the Eatontown Planning Board in favor of its […]

New Jersey is moving forward with efforts to expand its medical marijuana program. The state is currently seeking applicants to operate six new medicinal marijuana dispensaries — two each in the northern, central and southern regions of New Jersey. “We look forward to the opening of six new dispensaries so we can ensure that all […]

Scarinci Hollenbeck is proud to announce that Liana M. Nobile, an Associate in the firm's Litigation practice, has been appointed as a member of the Monmouth County Bar Association. Ms. Nobile will be a member of the Bar Association's Legal Education Committee for the 2018-19 term. She is one of just three legal professionals to be appointed to the 1-year term position.

According to a pronouncement by the SEC's Division of Corporation Finance director Bill Hinman, Bitcoin and Ether are not securities.

The New Jersey Senate recently advanced legislation that aims to address the state’s aging stormwater systems, which are designed to prevent runoff from causing pollution and flooding. The bill, Senate Bill No. 1073, would authorize municipalities and counties to establish stormwater utilities, which could then assess fees on property owners.

Various Agreements Among Business Owners Can Cover A Number of Important Issues Shareholder Agreements, Buy-Sell Agreements, Partnership and Operating Agreements (collectively, “Agreements”) are frequently-used terms to describe agreements among business owners.  Hopefully, the Agreement, whatever its title, covers issues such as contributions of property and services, management, voting, dispute resolution, and ownership transition.  One of […]

In Information Letter 2018-0009, the IRS has implied that actions taken in Dec. 2017 by the New Jersey Department of Community Affairs, which ordered NJ municipalities to accept payments for 2018 property taxes in the calendar year 2017, will not result in those payments generating 2017 federal income tax deductions.