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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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Corporate tax break back in Senate package

The Senate tax committee approved a package of so-called tax extenders April 3, according to The Columbus Dispatch. The tax extenders are a collection of special-interest tax breaks that regularly expire and are extended, including breaks for wind energy, Hollywood, teachers, college tuition and more. About 50 temporary tax breaks were extended for two years […]

Author: James F. McDonough

April 18, 2014

'Jersey Shore' Producer Sued for Unfair Pay

Creating a television show takes a lot of work, money and long, hard hours. However, this doesn’t mean that producers can neglect compensation laws. It appears as though this may have happened during the production of MTV’s popular reality show “Jersey Shore,” as the production company – 495 Productions – was recently hit with a class-action lawsuit […]

Author: Anthony R. Caruso

April 18, 2014

Genco filing for bankruptcy

Genco Shipping & Trading Ltd., owned by New York shipping tycoon Peter Georgiopoulos, is planning to file for protection under Chapter 11 of the bankruptcy law in a debt-for-equity deal that the company has already reached with creditors, according to The Wall Street Journal. Genco now has until April 21 to file in order to stay […]

Author: Joel R. Glucksman

April 18, 2014

Chapter 11

Is a Federal Data Breach Notification Law on the Horizon?

Nearly all 50 states have data breach notification laws in place. Generally, these laws dictate how private and government entities must notify individuals of data breaches involving personally identifiable information, commonly referred to as PII. However, when a widespread data theft occurs and impacts customers across the country, there is no singular response procedure required. […]

Author: Fernando M. Pinguelo

April 18, 2014

Momentive Performance preparing for filing protection under chapter 11

Momentive Performance Materials, Inc. said on April 1 that it is meeting with stakeholders to discuss the restructuring of its debt before it files for protection under Chapter 11 of the bankruptcy law, according to Reuters. The silicon and quartz producer held total liabilities of $4.14 billion as of Sept. 30, the company said in […]

Author: Joel R. Glucksman

April 17, 2014

Chapter 11

EEOC Challenges Restrictive Separation Agreement

The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against CVS Pharmacy, Inc. alleging that the pharmacy chain’s standard separation agreement is “overly broad.” Specifically, the EEOC claims that the separation agreement interferes with a former employee’s right to communicate with the EEOC or to file discrimination charges. Employers should take note of […]

Author: Gary S. Young

April 17, 2014

EEOC

Are Gay Athletes Protected Against Discrimination?

In the past year, both Jason Collins and Michael Sam came out as the first gay male athletes actively participating in a sport. Most recently, UMass Amherst basketball player, Derrick Gordon, came out. One would think this isn’t an issue in sports locker rooms, but last year’s bullying issue with the Miami Dolphins showed differently. For […]

Author: Anthony R. Caruso

April 16, 2014

Discrimination

Digital Data & Cyber Security: What Businesses Need To Know

Cybersecurity, digital data, data protection…What are these buzz words and how do they affect business? With cybersecurity being at the forefront of clients’ and customers’ minds, businesses should take reasonable precautions to protect digital data that they create, collect, process, and/or maintain. And, according to The New York Times, companies are now requiring their law […]

Author: Fernando M. Pinguelo

April 16, 2014

Imputed Interest, Gifts and Family Loans

Family Loans are an integral part of life, as well as estate and gift tax planning. Until the IRS victory in Dickman in 1980, interest-free loans were a staple of tax planning. Today, however, the rules that apply are designed to force interest income to be reported, even if not paid. Certified Public Accountants (CPAs) […]

Author: James F. McDonough

April 15, 2014

Coldwater Creek, Inc. may file for bankruptcy

The women’s clothing retailer Coldwater Creek, Inc. may seek protection under bankruptcy law as early as this week, sources told Bloomberg Businessweek. The company hasn’t been profitable since 2007, and may seek to liquidate its assets in order to repay its creditors. Five months ago, the retailer said that it was exploring “strategic alternatives,” including selling itself, […]

Author: Joel R. Glucksman

April 15, 2014

Third Circuit Endorses Successor Liability for Wage and Hour Violations

In the recent case of Thompson v. Real Estate Mortgage Network, the U.S. Court of Appeals for the Third Circuit has endorsed successor liability for claimed wage-and-hour violations of the Fair Labor Standards Act (FLSA). The ruling reinstates a class action lawsuit against a mortgage underwriter for allegedly cheating employees out of overtime. Facts of […]

Author: Gary S. Young

April 15, 2014

FLSA

What Benefits Could College Athletes Receive From Collective Bargaining?

When Peter Sung Ohr – regional director of the Chicago Office of the National Labor Relations Board – ruled in favor of Northwestern University football players, this group was given the right to unionize. As a result, the college athletes received the right to collectively bargain with the university – as they are now considered […]

Author: Anthony R. Caruso

April 14, 2014

NCAA

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