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After filing for chapter 11 bankruptcy earlier this year, renewable energy developer SunEdison recently found a buyer for some of its assets. In a recent blog post, NRG Energy announced it had purchased 1,500 megawatts worth of assets from SunEdison. Those properties consist of utility-scale wind and solar-photovoltaic projects that are either currently in operation or […]

Recently, the IRS issued regulations to clarify definitions of partnership disguised sales and allocation of liabilities. Recently, the IRS issued regulations to clarify definitions of partnership disguised sales and allocation of liabilities. The new regulations have two specific stipulations relating to final and temporary and proposed rules: What are disguised sales? The regulation will prevent partners from […]

Understanding Contract Warranties Many business contracts include representations and warranties. While often considered “standard” or “boilerplate,” these key provisions become essential if the other party fails to live up to its promises. What is a representation? In basic terms, a representation is a statement of fact made by one party to another regarding the accuracy […]

How Did Boston Lose a Long-Running Trademark Infringement Suit? Rock band Boston recently lost its long-running trademark infringement suit against former guitarist Barry Goudreau. Boston founder, Tom Scholz, sued Goudreau for using the term “original” member of the band instead of “former” in promotion and advertising related to the guitarist’s new band, Ernie and The […]

Seasoned mergers & acquisitions lawyer Jeffrey K. Cassin joins Scarinci Hollenbeck’s Corporate Transactions and Business practice group as Counsel. Lyndhurst, New Jersey, December 7, 2016 – Scarinci Hollenbeck is pleased to announce that it has continued to grow with the addition of Counsel Jeffrey K. Cassin to the firm’s Corporate Transactions/Business law group. Mr. Cassin will […]

It’s been a rough year for the oil industry. According to Debtwire, as of mid-July, North American upstream energy service enterprises with more than $45 billion in secured debt, have filed for bankruptcy. The reason why so many exploration and production companies are going under is due to plummeting profits. Casey Research noted the price of […]

Murphy Energy Corp., one of the largest oil and natural gas transporters in the nation, recently announced it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company’s financial struggles are due in large part to the collapse of oil prices. Currently, Murphy Energy is looking for potential buyers for […]

Why Business Owners May Want to Reconsider Using Robotexts Businesses hoping to boost sales this holiday season should exercise caution when sending autodialed text messages. The Federal Communications Commission (FCC) recently issued a warning that so-called “robotexts” are subject to restrictions on making autodialed calls to cell phones imposed by the Telephone Consumer Protection Act (TCPA). […]

Businesses and individuals subject to white-collar investigations don’t just have to worry about the FBI knocking on their office door. The proposed amendment to the Federal Rules of Criminal Procedure 41 took effect December 1, 2016, and gives judges authority to grant the government a warrant to hack a computer located anywhere. Proposed Amendments to […]

Scarinci Hollenbeck Wins Awards for its Educational Constitutional Law Website Scarinci Hollenbeck is proud to announce that, in the 10th annual New Media Awards competition, New Media Institute (NMI) has awarded its prestigious Best in Industry award to Scarinci Hollenbeck’s newly revamped Constitutional Law Reporter (www.ConstitutionalLawReporter.com).   According to NMI President John Spagnuolo, “It is an […]

When tax season comes around, there are several factors to keep in mind as a small business owner in New Jersey; specifically with income tax returns. Tracking taxable income and ensuring compliance with requisite tax forms can be an ongoing struggle with the pressures of running a business. On top of everything else, a small business […]

Recently, Black-eyed Pea restaurants announced that it had filed for Chapter 11 bankruptcy protection. According to National Restaurant News, the company plans to close a portion of its casual dining chain locations. Black-eyed Pea falls into insolvency The restaurant chain’s financial struggles have mounted over the last year. WFAA reported that 12 of the company’s restaurants […]