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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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What Does SEC’s Yahoo Settlement Mean for Cyber Enforcement?

The SEC recently announced that it has reached a $35 million settlement with Altaba Inc. (formerly known as Yahoo! Inc.). The settlement resolves allegations that the company misled investors by failing to timely report its massive 2014 data breach. What does this settlement mean for cyber enforcement?

Author: Scarinci Hollenbeck, LLC

May 23, 2018

What NJ Businesses Need to Know About Conducting Virtual Shareholder Meetings

More than 20 states currently allow virtual shareholder meetings, which are often more convenient and cost efficient. However, companies must take steps to ensure that a virtual shareholder meeting is just as effective as a physical one.

Author: Fred D. Zemel

May 22, 2018

New Jersey

SH Partner Successful in Representing LabCorp in Major Lawsuit

Scarinci Hollenbeck recently secured victory for its client, LabCorp, in a lawsuit against Fusion Diagnostics Laboratories. The plaintiff, LabCorp, had performed medical tests for Fusion, a smaller laboratory that was unable to conduct those particular tests. The lawsuit arose from money owed to LabCorp for its services rendered to Fusion, which Fusion did not pay. Then, Fusion counterclaimed, making claims against LabCorp, including antitrust violations, violation of New Jersey’s Consumer Fraud Act, tortious interference with its clients and breaches of contract.

Author: Scarinci Hollenbeck, LLC

May 18, 2018

Congratulations

Ways to capitalize on the burgeoning cybersports industry

The popularity of eSports is growing at a rapid pace, creating a wealth of new business opportunities. The industry is estimated to have reached $696 million in 2017 and is predicted to top $1.5 billion by 2020, according to Newzoo, a gaming industry research company.

Author: Scarinci Hollenbeck, LLC

May 18, 2018

The Tax Cuts and Jobs Act Makes Modifications Created by the ABLE Act

The Tax Cuts and Jobs Act Makes Modifications to ABLE Accounts Created by the Achieving a Better Life Experience Act of 2014 I have been involved with planning for the disabled for many years. In 1984, I prepared a trust for a disabled child so that the child could qualify for SSDI. The article, “Special […]

Author: Scarinci Hollenbeck, LLC

May 18, 2018

Tax Cuts

Gov. Murphy Signs NJ Offshore Drilling Ban into Law

New Jersey Gov. Phil Murphy recently signed an offshore drilling ban that aims to protect New Jersey’s shorelines, as well as the tourism industry that depends on it. The legislation was prompted by the Trump Administration’s plan to open much of the East Coast for oil exploration.

Author: Daniel T. McKillop

May 17, 2018

Will IRS Modify Schedule UTP for Uncertain Tax Positions or Not?

Additional tax changes may be on the horizon for U.S. businesses. However, at this point, it is too soon to tell whether they will ease or expand compliance burdens. The Internal Revenue Service (IRS) is currently evaluating whether to eliminate or modify Schedule UTP, the Uncertain Tax Position Statement, following a report by the Treasury Inspector General for Tax Administration that raised concerns about its effectiveness.

Author: Scarinci Hollenbeck, LLC

May 16, 2018

The Offshore Voluntary Disclosure Program Is Closing

The Offshore Voluntary Disclosure Program (OVDP) closes September 28, 2018 and account holders that fail to disclose offshore accounts will be investigated by IRS and DOJ.

Author: James F. McDonough

May 15, 2018

How Internal Cyber Audits Can Help Lower Your Company’s Cyber Security Risks

If your company does not yet conduct internal cyber audits to assess and manage your cybersecurity risks, it’s time to start. For those businesses that do, it is equally important to promptly address any vulnerabilities that are detected.

Author: Scarinci Hollenbeck, LLC

May 15, 2018

Business

President Trump Pledges to Protect State Marijuana Rights, Is Federal Bill Next?

Should New Jersey legalize recreational marijuana, the federal government will not interfere. At least that’s what President Donald Trump is currently promising. According to White House officials, Trump has pledged to protect state marijuana rights.

Author: Daniel T. McKillop

May 14, 2018

NJ Supreme Court Says Consumers Must Show Actual Harm in TCCWNA Suits

Class-action lawsuits under the Truth-in-Consumer Contract, Warranty & Notice Act (TCCWNA) can be devastating, even for large New Jersey businesses. Thankfully, a recent ruling by the Supreme Court of New Jersey will make it easier for businesses to defend these suits.

Author: Robert E. Levy

May 11, 2018

New Jersey

New Jersey Legislature Advancing Bill to Expand Medical Marijuana Program

The New Jersey Assembly Health and Senior Services Committee recently advanced legislation that aims to expand the state’s medical marijuana program. A-3740-3437 (the “Bill”), would expand access to medical marijuana for patients as well as clear the way for additional alternative treatment centers (ATCs).

Author: Daniel T. McKillop

May 10, 2018

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