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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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Bitcoin Company Files For Bankruptcy Protection post image

Bitcoin Company Files For Bankruptcy Protection

Only three months after its inception, Alydian Inc., a provider of Bitcoin mining solutions, has filed for protection under Chapter 11 of the bankruptcy law. The company – which is a unit of Bitcoin start-up and promoter CoinLab, Inc. – filed bankruptcy proceedings in the U.S. Bankruptcy Court in Seattle. It listed less than $50,000 in assets. Alydian owes […]

Author: Joel R. Glucksman

Link to post with title - "Bitcoin Company Files For Bankruptcy Protection"
Concussions Causing a Stir in the Sports World post image

Concussions Causing a Stir in the Sports World

The impact of concussions in sports has been a major topic of conversation in recent years, and it appears that a new sports law may need to be implemented to better protect players from long-term damage stemming from head injuries. The National Collegiate Athletic Association and four former college athletes recently entered the mediation process that […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Concussions Causing a Stir in the Sports World"
Sequester Puts School Districts In Danger of Bankruptcy post image

Sequester Puts School Districts In Danger of Bankruptcy

The federal sequester has created budget constraints for many cities and towns, and this has put many school districts that rely upon municipal funding to maintain operations in danger of bankruptcy. This is particularly true in rural districts that provide education to low-income children. A recent article in The Huffington Post highlighted the plight of […]

Author: Joel R. Glucksman

Link to post with title - "Sequester Puts School Districts In Danger of Bankruptcy"
SEC Moving Forward on CEO Pay Disclosure Rules post image

SEC Moving Forward on CEO Pay Disclosure Rules

The Securities and Exchange Commission (SEC) is moving forward on rules that will require companies to disclose their CEO-to-worker pay ratio. The rule is mandated under the Dodd-Frank Act. The proposal toward the SEC would specifically amend existing executive compensation disclosure rules to require companies to disclose: In good news for companies, the SEC elected […]

Author: Kenneth C. Oh

Link to post with title - "SEC Moving Forward on CEO Pay Disclosure Rules"
Tax Law Milestone for Amazon post image

Tax Law Milestone for Amazon

Beginning on Nov. 1, many consumers across the U.S. will pay sales tax on purchases made from Amazon.com, representing a significant change from the company’s previous policies, which hedged on avoiding collection of the tax. In Massachusetts, Connecticut and Wisconsin, state lawmakers enacted tax laws that break away from Amazon.com’s previous non-tax collection policies. An […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Tax Law Milestone for Amazon"
Jay Z May Have Broken Sports Agent Law post image

Jay Z May Have Broken Sports Agent Law

Rapper turned sports agent Shawn Carter, better known as Jay Z, is being investigated by the Major League Baseball Players Association for a potential violation of sports law. The MLBPA is alleging that Carter purchased Robinson Cano – one of his clients – a $33,900 watch, which might have been a breach of the union’s […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Jay Z May Have Broken Sports Agent Law"
Is Your Shareholder Succession Plan Subject to ERISA or Not? post image

Is Your Shareholder Succession Plan Subject to ERISA or Not?

Up to now, many firms could not conceive of a succession plan as being subject to ERISA. Fortunately, the Fifth Circuit, in Cantrell v. Briggs & Veselka Co., confirmed a 2-1 decision after a rehearing and held that deferred compensation provisions in two employment contracts did not constitute a plan under ERISA. This decision does […]

Author: James F. McDonough

Link to post with title - "Is Your Shareholder Succession Plan Subject to ERISA or Not?"
IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes post image

IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes

NASCAR driver Juan Pablo Montoya is currently facing a series of tax law violations in the U.S. Tax Court, for allegedly failing to pay nearly $3 million in federal back taxes owed to the Internal Revenue Service. The IRS recently filed a lawsuit against the driver for these back taxes, arguing that he did not disclose the […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes"
Oregon Basketball Players Suspended For Selling Shoes post image

Oregon Basketball Players Suspended For Selling Shoes

Amateur athletes are not able to profit from their likenesses until they leave school upon graduation for a professional league’s draft. Two University of Oregon basketball players recently violated this sports law when they sold shoes provided to them by the school. Sophomores Dominic Artis and Ben Carter were both suspended, and could miss from […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Oregon Basketball Players Suspended For Selling Shoes"
New Study: Paying Top Salaries Does Not Guarantee Good Results post image

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: Scarinci Hollenbeck, LLC

Link to post with title - "New Study: Paying Top Salaries Does Not Guarantee Good Results"
SAC Capital Advisors Settles Insider Trading Charges in Record Settlement post image

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

Link to post with title - "SAC Capital Advisors Settles Insider Trading Charges in Record Settlement"
Comcast SportsNet, Astros Square Off in Bankruptcy Court post image

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

Link to post with title - "Comcast SportsNet, Astros Square Off in Bankruptcy Court"

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