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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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White House bill takes $276 billion from multinationals

President Barack Obama is planning a tax increase on U.S. multinational businesses that would add a total of $276 billion to the U.S. budget, according to The Washington Post. The 2015 plan includes six new measures to plug leaks in the tax code that multinationals are using to avoid paying the 35 percent federal corporate […]

Author: James F. McDonough

March 19, 2014

Commercial Property Alert: New Jersey Law Imposes Notification Requirements for Rooftop Solar Panels

Solar panels are an increasingly popular way for New Jersey commercial property owners to both reduce energy costs and protect the environment. In fact, the latest statistics show that a new system is installed in the United States approximately every four minutes. Unfortunately, roof-mounted solar panels can pose dangerous risks for emergency responders in the […]

Author: Victor E. Kinon

March 18, 2014

Temporary Mt. Gox bankruptcy filing accepted

After scandal, uncertainty and accusations of massive fraud, Mt. Gox has been afforded some good news. According to PYMNTS.com, the embattled Tokyo exchange was granted protection in the U.S. under Chapter 15 of the bankruptcy law on March 10. This determination will allow the crypto-currency exchange to continue to operate internationally while negotiating the resolution […]

Author: Joel R. Glucksman

March 18, 2014

Indiana Making Changes to Business Tax Law

Businesses in the state of Indiana could see tax law change in the coming months, as legislation is currently moving through the Senate and House. According to the NWI Times, Senate Bill 1 would permit counties to eliminate the business personal property tax on new equipment, which could help keep companies in state, as their […]

Author: Frank L. Brunetti

March 17, 2014

Mums the Word: Firms Agree to Restrict Early Access to Analyst Reports

Several prominent Wall Street firms have reached an agreement with New York regulators to end the practice of cooperating with surveys that provide early access to analysts’ opinions. New York Attorney General Eric T. Schneiderman requested the deal as part of his investigation into the early release of analyst sentiment to preferred investors, a practice […]

Author: Dan Brecher

March 17, 2014

"The Wolf of Wall Street" Filmmakers Sued for Defamation

“The Wolf of Wall Street” Defamation suit The creators of “The Wolf of Wall Street” are currently dealing with the disappointment of being shut out at the Academy Awards, but it appears as though they may have some bigger problems on their hands. When movies are based on a true story, characters will closely mirror […]

Author: Anthony R. Caruso

March 14, 2014

Detroit finds bankruptcy deal with big banks

The city of Detroit is still in the process of seeking approval for a plan to restructure its debt, amid complaints from a number of affected parties, including pensioners of the city. In a recent development, on March 3, the city reached a deal with two large investment banks to end expensive interest rate swaps, […]

Author: Joel R. Glucksman

March 14, 2014

Detroit

4 Overlooked Tax Breaks

Many taxpayers rush to file their returns as soon as the Internal Revenue Service begins accepting them, but others take their time to ensure they are receiving all possible tax breaks. The following are some of the most overlooked breaks: 1. Charitable giftsGift tax law allows people to make monetary contributions to charity, which can […]

Author: Frank L. Brunetti

March 14, 2014

Justin Bieber Demonstrates How Not to Act in a Deposition

Justin Bieber’s deposition testimony in a lawsuit involving the paparazzi went viral earlier this month. While most business professionals likely have little in common with the 20-year-old pop star, it is possible to make the same missteps if you are not properly prepared. The primary purposes of a deposition are to record your version of […]

Author: Robert E. Levy

March 14, 2014

Celebrity lawsuit

Cannabis Inc.: Are Banks Finally Ready to Take the Plunge?

Some form of marijuana use is legal in more than 20 states, with Colorado and Washington going so far as decriminalizing and regulating recreational use. Similar efforts are also underway here in New Jersey, where 57 percent support legalization. Despite changing public sentiment and state-level marijuana legalization proposals, cannabis is still illegal under federal law. […]

Author: Robert A. Marsico

March 13, 2014

New Jersey Medical Marijuana Dispensaries

Sbarro to file for bankruptcy protection

In another fast food retailer bankruptcy, pizza chain Sbarro is preparing to file for protection under Chapter 11 of the bankruptcy law, according to The Wall Street Journal. The company is in the process of soliciting votes for a pre-packaged restructuring plan, and could file by as early as March 9 if it gets the […]

Author: Joel R. Glucksman

March 13, 2014

Chapter 11

Guess who turns 25 years old today? The Internet

Happy Birth- day To You, Happy Birth- day To You . . .Happy Birth- day I-N-T-E-R-N-E-T . . .Happy Birth- day To YOU! [dropcap style=”style1, style2, style3, or style4″]I[/dropcap]Recently, a reporter posed the following question to me: “What is the biggest challenge facing the legal profession?” After thinking about it, I said something along the […]

Author: Fernando M. Pinguelo

March 12, 2014

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