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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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House Makes Small-Business Tax Break Permanent

The House voted to make a tax break that allows small businesses to write off up to $500,000 in equipment purchases permanent on June 19, amid a push to end the annual process of renewing tax extenders. Tax extenders are breaks for individuals and corporations that expire and are renewed on a regular basis. The vote […]

Author: Frank L. Brunetti

June 30, 2014

NJ Supreme Court to Decide Extent of CEPA Whistleblower Protections

The Facts of the Case The Supreme Court of New Jersey recently agreed to consider Lippman v. Ethicon. The issue before the court is whether a plaintiff who reports conduct as part of his or her job is entitled to the whistle-blowing protections afforded under the Conscientious Employee Protection Act (CEPA). Plaintiff Joel S. Lippman, […]

Author: Joel N. Kreizman

June 30, 2014

Is Cybersecurity a Top Priority in Your Boardroom?

Cybersecurity deserves the attention of a company’s top executives, according to the Securities and Exchange Commission’s Luis Aguilar. Commissioner Aguilar addressed growing data protection concerns during his remarks at the “Cyber Risks and the Boardroom” Conference at the New York Stock Exchange earlier this month. “Effective board oversight of management’s efforts to address these issues […]

Author: Fernando M. Pinguelo

June 26, 2014

Mt. Gox's US bankruptcy approved

U.S. Bankruptcy Judge Stacey Jernigan approved Mt. Gox’s filing for protection under Chapter 15 of the bankruptcy law in Dallas on June 17, according to Bidness Etc. The beleaguered bitcoin exchange closed down earlier this year after losing over $300 million worth of the cryptocurrency. Under its Chapter 15 filing, Mt. Gox will be able to commence […]

Author: Joel R. Glucksman

June 26, 2014

Scarinci Hollenbeck Partner Appointed To the Board of Directors of the Land Use Law Section of the NJ State Bar Association

Scarinci Hollenbeck is pleased to announce that Partner Patrick J. McNamara has been appointed to serve as a Member of the Board of Directors of the Land Use Law Section of the New Jersey State Bar Association. Lyndhurst, NJ, June 25, 2014- Scarinci Hollenbeck is pleased to announce that Partner Patrick J. McNamara has been […]

Author: Scarinci Hollenbeck, LLC

June 25, 2014

New Jersey Lawmakers Pass Equal Pay Legislation

The New Jersey Legislature recently passed two bills designed to strengthen existing equal pay laws. If signed into law, employers could face increased liability, as well as additional regulatory burdens. The Unfair Wage Recovery Act The proposed wage legislation amends the New Jersey Law Against Discrimination (NJLAD) so that a discriminatory compensation decision or other […]

Author: Gary S. Young

June 25, 2014

Medtronic the Latest Company to Propose Tax Inversion

Yet another U.S. health care company is set to take part in a corporate inversion, in which a U.S.-based firm merges with a foreign company in order to take advantage of lower tax rates abroad. Medtronic Inc. is set to become the largest company yet to perform a tax inversion with its plans to merge with former-U.S. company Covidien […]

Author: Frank L. Brunetti

June 25, 2014

Luke Brugnara Case: Stolen Art, Mail Fraud and $11 Million

I came across a case recently involving Luke Brugnara Luke Brugnara is a former real estate investor who managed to attract media attention to himself over the years first with his bombastic claims about his personal wealth, then with his conviction for tax evasion and trout poaching, for which he was sentenced to 30 months and […]

Author: Anthony R. Caruso

June 25, 2014

NJ Lawsuit Highlights High Costs of Negligent Security Claims

Allegations of negligent security can be costly for New Jersey businesses, as evidenced by a recent $7.8 million settlement. An apartment owner, management company, and security provider will all pay millions of dollars for failing to prevent a stabbing death at an apartment complex in Jersey City. While New Jersey businesses are typically not responsible […]

Author: Robert E. Levy

June 24, 2014

Supreme Court rules on inherited IRAs

The Supreme Court ruled June 12 that inherited individual retirement accounts, also known as inherited IRAs, are not protected from creditors in bankruptcy proceedings, according to Reuters. As baby boomers die and pass on their assets to their children, this ruling is likely to have wide-reaching effects. The case before the Supreme Court began in […]

Author: Joel R. Glucksman

June 24, 2014

International Tax Trends

It is easy to discern a trend, especially in international taxation. One of the largest Swiss banks plead guilty to criminal charges for helping U.S. taxpayers avoid income taxes. Countries continue to enter into FACTA agreements with the U.S. rather than be shut out of the international banking system and U.S. markets. U.S. Senators rail […]

Author: James F. McDonough

June 23, 2014

Have You Translated Your Employee Policies?

New York and New Jersey businesses should ensure that all of their employees understand (entender, comprendre, wakaru) their workplace policies. This includes those who are not native English speakers. In some cases, failing to translate key employee policies and legal notices can lead to costly liability. Translation Obligations in the U.S. To start, some laws […]

Author: Jorge R. de Armas

June 23, 2014

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