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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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Obama To Veto Corporate Tax Bill

President Barack Obama to veto corporate tax bill that would result in $440 billion in tax breaks. The bill, which would make 56 of the so-called “tax extenders” permanent, would primarily benefit businesses, according to Vox. Tax extenders refers to a collection of tax breaks that have been inserted into the tax code on a […]

Author: Scarinci Hollenbeck, LLC

December 2, 2014

Too Close for Comfort? Federal Reserve Oversight of Big Banks Under Fire

The Federal Reserve Bank of New York is facing growing criticism over its Wall Street oversight. Critics, including several high-ranking members of Congress, contend that it is too cozy with the entities it is charged with regulating. One of the top concerns is the so-called revolving door through which employees move to and from the […]

Author: Robert A. Marsico

December 2, 2014

Judge Delays Taj Mahal Bankruptcy Filing

A federal bankruptcy judge has just added to the uncertainty surrounding the Trump Taj Mahal, an Atlantic City casino whose owner filed for protection under Chapter 11 of the bankruptcy law. Trump Entertainment Resorts Inc., the current owner of the Trump Taj Mahal, recently filed a revised bankruptcy plan ahead of a Nov. 5 court […]

Author: Joel R. Glucksman

December 2, 2014

NJ Appeals Court Rules Insurance Violation Does Not Destroy Law Firm’s Limited Liability Protection

Failing to carry the proper legal malpractice insurance can lead to significant sanctions, but it does not destroy a law firm’s limited liability protection, according to the Appellate Division of the New Jersey Superior Court. The Facts of the Case Seeking to dismiss a legal malpractice lawsuit, defendant John Ward argued that he is shielded […]

Author: John M. Scagnelli

December 1, 2014

NFL Agent: Real Talk About Agents and Amateurism

For NFL-bound college football players, walking the thin line between acceptable screening of agent candidates and violating NCAA amateurism requirements is often a difficult prospect. This problem is not made easier by the countless agents in the industry who won’t hesitate to risk a player’s potential career by making offers that violate these requirements in […]

Author: Scarinci Hollenbeck, LLC

December 1, 2014

Judge Rhodes Endorses Detroit Bankruptcy Plan

Less than a year and a half after filing for protection under Chapter 9 of the bankruptcy law, the city of Detroit is ready to begin implementing its plan of restructuring. Judge Steven Rhodes of the United States Bankruptcy Court for the Eastern District of Michigan approved the Detroit plan to cut $7 billion of […]

Author: Joel R. Glucksman

November 27, 2014

Many companies paying CEOs more than Uncle Sam

In a report released recently, the Institute for Policy Studies found that seven of the largest 30 companies by revenue in the U.S. paid their chief executives more than they did in corporate tax last year. According to the report, Boeing, Ford, Chevron, Citigroup, Verizon, J.P. Morgan and GM all paid more to their CEOs […]

Author: Scarinci Hollenbeck, LLC

November 26, 2014

Judge Approves Stockton's Bankruptcy Plan

Shortly after the closing arguments in the Detroit bankruptcy, Stockton’s Bankruptcy plan was approved. U.S. Bankruptcy Judge Christopher Klein issued a ruling on Oct. 30, which approved a restructuring plan proposed by Stockton, California, according to the Associated Press. The city will be allowed to reorganize over $900 million in long-term debt as a part of Stockton’s bankruptcy […]

Author: Joel R. Glucksman

November 25, 2014

Chapter 9

Could New Discovery Rules Help Reduce Business Litigation Costs?

Discovery is one of the most expensive and burdensome phases of any business litigation. To help reign in the process, the Judicial Conference of the United States recently approved amendments to the Federal Rules of Civil Procedure. The proposed changes limit the scope of discovery and clarify the sanctions for failing to preserve electronic documents. […]

Author: Robert E. Levy

November 25, 2014

PROSECUTORS CONSIDER CIVIL ACTION AGAINST COUNTRYWIDE FINANCIALS CHIEF EXECUTIVE

The business website DealBook reported on November 17 that the Justice Department is considering filing civil fraud claims against Countrywide Financials former chief executive Angelo Mozillo. Countrywide was one of the prime purveyors of mortgages to people with a questionable credit history, and the federal prosecutors are alleged to be considering a lawsuit against Mozillo […]

Author: Joel R. Glucksman

November 24, 2014

Business Groups Urge Supreme Court to Prevent Regulatory Flip-Flopping

Several prominent business groups, including the U.S. Chamber of Commerce and the National Association of Manufacturers, recently filed amicus briefs urging the Supreme Court to require federal agencies to follow the procedures set forth in the Administrative Procedure Act (APA) when altering interpretative guidance. These arguments are grounded in the requirements of the Fifth and […]

Author: Scarinci Hollenbeck, LLC

November 24, 2014

Does Your Company Need Key Person Insurance?

Would your business be able to survive if one of its partners or top executives died suddenly? If you are unsure, you may want to look into “key person” insurance. While the idea may seem morbid, taking out life insurance and/or disability insurance policies on key employees is more common than many might think. According […]

Author: Scarinci Hollenbeck, LLC

November 21, 2014

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