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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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New Study: Paying Top Salaries Does Not Guarantee Good Results

We recently wrote about the pay of top athletes and how the outlandish compensation paid to attract or keep a superstar often backfires as performance and pay often fail to correlate. According to a new study by the Institute for Policy Studies, paying a “superstar” chief executive officer a very lucrative salary may similarly backfire. […]

Author: Gary S. Young

November 11, 2013

SAC Capital Advisors Settles Insider Trading Charges in Record Settlement

The Department of Justice recently announced a landmark settlement involving SAC Capital Advisors. The firm, which was once the world’s most powerful and successful players in the hedge fund industry, has agreed to pay nearly $1.8 billion in penalties to resolve allegations of insider trading. According to a press release from U.S. Attorney Preet Bharara, […]

Author: Scarinci Hollenbeck, LLC

November 8, 2013

Insider Trading

Comcast SportsNet, Astros Square Off in Bankruptcy Court

On Oct. 28th, a bankruptcy court presided over a cable channel dispute between Comcast SportsNet and local sports teams involving the fate of Comcast SportsNet Houston. The regional sports network, which broadcasts games from the Houston Astros, Houston Rockets and Houston Dynamos, has failed to generate sufficient revenue and instead, has been dependent upon the […]

Author: Joel R. Glucksman

November 8, 2013

Bankruptcy Court

Agents Could Face Stricter Sports Laws

Amateur athletes are prohibited from having any contact with a sports agent before declaring themselves eligible for a professionals sports league’s draft. But, this hasn’t stopped agents from trying to secure top clients while they are still in school. In an effort to strengthen the penalties agents face for providing gifts to college athletes or […]

Author: Anthony R. Caruso

November 8, 2013

Report: IRS Contract Workers Owe $5.4M in Back Taxes

Close to 700 contract workers of the Internal Revenue Service owe the agency $5.4 million in back taxes, according to a report released on Oct. 23 by a Treasury Department inspector general. “The IRS takes tax compliance for taxpayers and those who work for the IRS very seriously,” the IRS said in a statement. “For […]

Author: Frank L. Brunetti

November 8, 2013

Lawsuit Over Tech Anti-Poaching Pact Receives Class Action Certification

A lawsuit alleging that several of the country’s most powerful high-tech companies had a secret, non-compete deal recently received class-action certification. More than 60,000 employees of Adobe Systems Inc., Apple Inc., Google Inc., and Intel Corp. are members of a class that allege that the pact not to recruit or hire each other’s employees resulted […]

Author: Gary S. Young

November 7, 2013

Class Action Lawsuit

Prominent Massachusetts Real Estate Developer Files for Bankruptcy

On Oct. 24, following a failed effort to develop a golf community in Ipswich, Massachusetts, real estate developer Ted Raymond filed for bankruptcy protection. Citing more than $46 million in debt in his official bankruptcy filings, Raymond revealed his substantial debts arose from his attempts to develop a golf course and residences at Turner Hill, […]

Author: Joel R. Glucksman

November 7, 2013

BMC Software – The Complexity of the Code

One of the irritating aspects of the Internal Revenue Code is the complexity its tax law interactions and its various provisions. BMC Software Inc. v Comm., 141 TC No. 5 (2013) illustrates this point. BMC and its European Holding Company entered into a cost sharing arrangement (“CSA”) to develop computer software. Later, in 2002, BMC […]

Author: James F. McDonough

November 7, 2013

How Will Immigration Reform Impact the Business Community?

As Congress continues to debate how best to overhaul of the nation’s immigration laws, small businesses are understandably concerned about how immigration reform will impact them. While much of the attention is focused on addressing undocumented aliens and tightening border security, several proposals would directly impact the business community: Wider availability of green cards The […]

Author: Scarinci Hollenbeck, LLC

November 6, 2013

Aggressive Tax Collection Policies in Greece Frustrate Residents

Rampant tax evasion in Greece has led state officials to restructure collection practices in an effort to improve public finances and revitalize the economy. However, newly conceived tax laws – 22 in the last two years in Greece – have yielded greater frustration among Greek residents, who feel the country’s policies are unwieldy and ultimately, have […]

Author: Scarinci Hollenbeck, LLC

November 6, 2013

Detroit's Bankruptcy Eligibility Trial Kicks Off

The highly publicized trial that will determine Detroit’s eligibility to file the largest municipal bankruptcy in U.S. history kicked off on Oct. 23, with the expected opposition from creditors and labor unions. Representatives for the city are urging U.S. Bankruptcy Judge Steven Rhodes to approve the city’s petition to file for protection under Chapter 9 of […]

Author: Joel R. Glucksman

November 5, 2013

Detroit Bankruptcy

FCC Seeks To Eliminate NFL Blackout Rule

Acting Federal Communications Commission Chairwoman Mignon Clyburn has shaken up the regulatory agency – and potentially the National Football League – by eliminating a longstanding NFL blackout rule. In a statement to the press, Clyburn announced that the agency is considering dismantling the commission’s rule that mandates sporting events to be blacked out in certain conditions. […]

Author: Anthony R. Caruso

November 4, 2013

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