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The Anatomy of a Commercial Insurance Contract Most businesses have at least one insurance policy. However, many business professionals, including some who work in risk management areas, may not fully be aware of what coverage is provided. An insurance policy is a legal contract, and failing to understand the terms of a commercial insurance contract […]

The Securities and Exchange Commission (SEC) recently proposed a rule that would require registered investment advisers to adopt or amend their current business continuity and transition plans (BCP). Under the proposed BCP rule, the plans must be reasonably designed to address operational risks related to a significant disruption in the adviser’s business. Why the need […]

With this new rule passed, will New York commercial litigation settlements become the norm for resolution? Commercial litigation is often contentious. Yet the large majority of cases are still resolved short of going to trial – this is where commercial litigation settlements will come into play. In the State of New York, a new rule recently […]

Landmark NJ Supreme Court Ruling for NJLAD Lawsuits Time Restraint Under New Jersey’s statute of limitations, workers generally have two years to file an employment lawsuit under the New Jersey Law Against Discrimination (NJLAD). In a landmark decision, the Supreme Court of New Jersey recently held that employers can’t amend that deadline by contract. Facts […]

What You Need to Know About UNICAP Rules If a small business designated as a C corporation, partnership, S corporation or limited liability company is not aware of uniform capitalization rules, they will need to read closely. The IRS has UNICAP rules that require partnerships to capitalize some costs instead of deducting them as they […]

Are you doing everything you can to prepare for a search warrant? While prosecutors generally use grand jury subpoenas to gather evidence of white-collar crimes, search warrants are also employed in some cases. Although search warrants are more difficult to obtain, they allow prosecutors immediate access to documents and largely avoid the risk that records […]

Vertellus Specialties Inc. files Chapter 11 Vertellus Specialties Inc., a major U.S. chemical manufacturer, recently announced that it had filed for Chapter 11 bankruptcy protection for its domestic operations. According to The Wall Street Journal, the company reached an agreement with its term lenders to seek an auction sale for the majority of its remaining […]

Medical marijuana use in the NFL Each NFL offseason, various storylines surface. This year, of course, Deflategate continues to be a topic of conversation. However, another, more unique, plot has emerged: medical marijuana use.  Player pushes for medical marijuana acceptance  Eugene Monroe, an offensive tackle and former member of the Baltimore Ravens, began pushing the league […]

FTC Fines Set to Skyrocket Next Month The Federal Trade Commission (FTC) recently announced an adjustment to the maximum civil penalty dollar amounts for violations of 16 provisions of law under the agency’s jurisdiction. The FTC fines hike is noteworthy given the agency’s stepped-up enforcement efforts in a number of key areas, including deceptive advertising, data security, […]

John Scagnelli and William Sullivan of Scarinci Hollenbeck’s Environmental Land Use Group Secure Significant Victory in CERCLA and Spill Act Environmental Clean-Up Liability Suit Scarinci Hollenbeck has announced a significant victory for its client, the Estate of Vernon G. Browne, in a Florida federal court CERCLA and New Jersey Spill Act environmental cost recovery case.  […]

Knowing Your Rights While Under Federal Investigation Martha Stewart likely did not envision serving jail time when federal investigators first requested to speak with her regarding potential insider trading. However, she was ultimately convicted under federal law for misleading investigators from the Securities and Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI). This […]

How is the U.S. Supreme Court vacancy affecting business? The U.S. Supreme Court has been shorthanded since the death of Justice Antonin Scalia in February. With just eight justices on the bench dealing with this Supreme Court vacancy, the Court has split 4-4 in several key cases and issued narrow rulings in several others after […]