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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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Walgreens urged to undergo tax "inversion"

Walgreens, a staple U.S. drugstore, has been headquartered in Illinois for almost a century. The company got its start in downstate Dixon, Ill., before moving its corporate headquarters to Chicago and then eventually to Deerfield, Ill., according to the Chicago Tribune. The company’s next corporate move may take it further away – to Bern, Switzerland. […]

Author: James F. McDonough

April 30, 2014

Income Tax

Copyright and Trademark Violation Repercussions

Showing a pay-per-view event at your bar is something that can draw customers and increase revenue. But, be careful you may be violating copyright and trademark laws if you obtain the event improperly. To increase the night’s pull, you may be tempted to broadcast such events via pay-per-view programming, which if not licensed properly, equates […]

Author: Anthony R. Caruso

April 30, 2014

No Pension Cuts For Detroit's Uniformed Retirees

One of the biggest obstacles to the successful resolution of the Detroit bankruptcy filing so far has been opposition from pensioners, who represent a significant portion of the city’s debt. In an unexpected announcement April 15, Gerald Rosen, Detroit’s bankruptcy mediator, revealed that the city has reached a deal with the Retired Detroit Police and Fire […]

Author: Joel R. Glucksman

April 29, 2014

Detroit

Supreme Court to Decide Hobby Lobby’s Challenge to Affordable Care Act

The United States Supreme Court will decide whether a business such as Hobby Lobby is required to provide its female employees with health insurance that includes access to birth control, even if doing so violates the religious beliefs of the company’s owners. Oral arguments in the case of Sebelius v. Hobby Lobby Stores were heard […]

Author: Sean D. Dias

April 29, 2014

NCAA Facing Lawsuit Over the Value of Scholarships

The NCAA has been under fire recently The organization is facing multiple lawsuits over its definition of amateurism and whether or not collegiate athletes are fairly treated. Former University of Minnesota football player Kendall Gregory-McGhee recently added to the NCAA’s legal issues by filing a lawsuit claiming the value of scholarships is below the actual […]

Author: Anthony R. Caruso

April 28, 2014

NCAA

NY Budget Ends Corporate Income Tax For Manufacturers

A number of states have been lowering their corporate tax rates in recent years in order to remain competitive for businesses and high-net-worth individuals. The most recent state to do so is New York, in which, for the first time since 1917, manufacturers will no longer pay the state’s corporate income tax, according to Newsday. Ending […]

Author: Frank L. Brunetti

April 28, 2014

New York

Will New Jersey Legalize Marijuana?

Senate Judiciary Committee Chairman Nicholas Scutari (D-Union) has introduced Senate Bill 1896 for consideration by the New Jersey Senate. The proposed legislation would legalize possession, cultivation and the sale of small amounts of marijuana. He believes that it is time for New Jersey to stop prosecuting and start regulating and taxing minor marijuana use. However, […]

Author: Robert A. Marsico

April 28, 2014

Are You Breaking Copyright & Trademark Laws at Your Restaurant?

If you own a bar or restaurant, broadcasting the upcoming boxing match between Floyd Mayweather and Marcos Maidana may seem like a no brainer. By attracting people who want to watch the fight, you can increase food and drink sales to help the bottom line. Also, if the opportunity presents itself, it could be tempting to […]

Author: Anthony R. Caruso

April 25, 2014

Mt. Gox founder won't appear for U.S. bankruptcy hearing

Mark Karpeles, the founder of former Bitcoin exchange Mt. Gox, has announced that he will not be coming to the U.S. to answer questions about his company’s U.S. bankruptcy filing, according to Reuters. In a court filing, Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN, […]

Author: Joel R. Glucksman

April 25, 2014

U.S. posts smallest March deficit since 2000

An improving economy and reductions in federal spending led the U.S. to the smallest federal budget deficit for March in the past 14 years, according to Bloomberg. The federal government spent $36.9 billion more than it took in last month, marking a dramatic decrease year-over-year, the Treasury Department said on April 10. In March 2013, the […]

Author: Frank L. Brunetti

April 25, 2014

EEOC Settles Lawsuit Alleging Sex Discrimination Against Males

The U.S. Equal Employment Opportunity Commission (EEOC) has announced that it is settling the sex discrimination lawsuit filed against Ventura Corporation. Ventura, based in Puerto Rico, is the wholesaler of beauty products, jewelry and other personal care items to retail sellers. This case should serve to remind us that discrimination is not just a “one […]

Author: Gary S. Young

April 25, 2014

New York Estate Tax Law Changes Are Paid For By Taxing INGs?

On March 31, 2014, New York State enacted legislation that would begin to raise the New York estate tax exclusion over five years to eventually equal the federal figure. The table set out below shows the increases and the effective dates of such increases. Most readers will agree that everything has a price and, as […]

Author: Frank L. Brunetti

April 24, 2014

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