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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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Relativity Media Files for Chapter 11 Bankruptcy

Relativity Media, the third largest mini-major film studio in the world, has just announced that it will file for Chapter 11 bankruptcy. Following the company’s 11 years of operation, CEO Ryan Kavanaugh confirmed that Relativity Media will put itself up for auction. Relativity Media falls into bankruptcy The company reported that it filed Chapter 11 bankruptcy protection a […]

Author: Joel R. Glucksman

August 21, 2015

For Athletes, Sponsorship Disputes can Kill the Competition

Sometimes it’s neither drugs, rule violations nor performance that complicate an athlete’s ability to compete, but rather, sponsorship disputes with corporations. U.S. runner Nick Symmonds will soon be calling a sports lawyer, if his prior comments were any indication, to deal with his own sponsorship dilemma. The runner is involved in an ongoing dispute with American […]

Author: Scarinci Hollenbeck, LLC

August 21, 2015

Scarinci Hollenbeck

Top Ten Things You Need to Know About the Advisers Act

The Investment Advisers Act of 1940 (Advisers Act) regulates the actions of investment advisers and requires most advisers to register with the Securities and Exchange Commission (SEC). Accordingly, the Advisers Act and the interpretive SEC’s rules form the essential “rule book” for the industry. What you need to know Since compliance with the Advisers Act […]

Author: Dan Brecher

August 21, 2015

Scarinci Hollenbeck

UK’s New Human Trafficking Rules May Impact U.S. Businesses

The United Kingdom’s Modern Slavery Act recently took effect. For U.S. businesses operating across the pond, it is important to understand how the statute’s human trafficking supply chain disclosure rules may impact your compliance initiatives. Under the Modern Slavery Act, a “commercial organization” must prepare a slavery and human trafficking statement for each financial year. […]

Author: Dan Brecher

August 20, 2015

Scarinci Hollenbeck

Trans Coastal Supply Co Files for Bankruptcy

Trans Coastal Supply Co, one of the largest exporters of livestock feed products in the U.S., filed for Chapter 11 bankruptcy protection, according to the Wall Street Journal. The company blamed its $28 million in unsecured debt on losses and broken sales contracts after China rejected corn shipments in 2013. Trans Coastal Supply Co falls […]

Author: Joel R. Glucksman

August 20, 2015

No Deductions for Legal Medical Marijuana Dispensary

Last week, the Ninth U.S. Circuit Court of Appeals ruled that legal medical marijuana dispensaries cannot claim business expenses to the IRS as other commercial enterprises. According to Forbes, the decision is considered a financial setback for legal medical marijuana dispensaries because, with business deductions being disallowed, they must pay taxes on 100 percent of […]

Author: James F. McDonough

August 20, 2015

Tax Abatement Attorney in Jersey City, NJ

New Jersey statutes dictate the availability of tax abatements for development projects throughout the state. However, local municipalities still retain a great deal control over the application and approval process. In light of this substantial local discretion, it is advisable to work with a legal team that understands the unique requirements of each municipalities’ local […]

Author: Donald M. Pepe

August 19, 2015

YouTube Stars Aren't Above the Copyright Law

YouTube is an amazing platform that allows users to upload their own videos, but sometimes people, including entertainers, will use copyrighted music to enhance these videos, which could lead them to be muted or removed, or incite legal action. Source: http://www.classroominthefuture.com/10-ways-to-use-youtube/ YouTube star Michelle Phan recently reached a settlement with a record label following her […]

Author: Scarinci Hollenbeck, LLC

August 19, 2015

Scarinci Hollenbeck

SEC Clarifies Whistleblower Provisions

The Securities and Exchange Commission (SEC) recently published guidance that clarifies who qualifies as a whistleblower under the Dodd-Frank Act. The agency elected to clarify its position in the wake of legal disputes over whether an employer must report misconduct directly to the SEC in order to be eligible for the law’s anti-retaliation protections. Definition […]

Author: Scarinci Hollenbeck, LLC

August 19, 2015

Milagro Oil & Gas Files for Chapter 11 Bankruptcy

Last week, Milagro Oil & Gas, one of the largest U.S. oil producers, filed for chapter 11 bankruptcy protection. The company cited refuge from a collapse of commodity prices and $468 million in debt for its decision to file for Chapter 11. Milagro Oil & Gas restructuring plan According to the Wall Street Journal, as […]

Author: Joel R. Glucksman

August 18, 2015

NY Court: No Statute of Limitations for a Forged Deed

New York’s Highest Court Recently Held that the Six-Year Statute of Limitations Governing Fraud Claims does not Apply to a Forged Deed New York’s highest court recently held that the six-year statute of limitations governing fraud claims does not apply to forged deeds. The New York Court of Appeals’ decision in Faison v. Lewis held […]

Author: Dan Brecher

August 17, 2015

Former Top Lender, Wingspan Portolfio Advisors, Files Chapter 7 Bankruptcy

Wingspan Portfolio Advisors, formerly an Inc. 500 fastest-growing company, recently announced plans to file for Chapter 7 bankruptcy protection. In the Chapter 7 filing document, the company listed $12.07 million in liabilities and $1.24 million in assets. Wingspan falls into debt Upon opening in 2008, Wingspan experienced a meteoric rise as a high touch special […]

Author: Joel R. Glucksman

August 14, 2015

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