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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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Railroad Company Involved in Deadly Explosion Seeking Bankruptcy Protection

Railroad company Montreal, Maine & Atlantic Ltd., which has recently been in the media spotlight for causing a deadly explosion in Quebec, is seeking bankruptcy protection under Chapter 11 in both the United States and Canada. Earlier in July, a parked train carrying 72 tankers full of crude oil began rolling downtown in the small […]

Author: Joel R. Glucksman

August 20, 2013

Factors That Go Into Television Network Contracts

Many sports analysts are watching the ascent of Fox Sports 1 as it makes multi-year television network contracts with several sports leagues, most recently the United States Golf Association and NASCAR. However, some of these deals – particularly the agreement with NASCAR – seem ill-advised on the surface, and do not appear to financially favor the […]

Author: Anthony R. Caruso

August 19, 2013

Will the Bitcoin Become a New Tax Evasion Tool?

Bitcoins, a controversial but highly popular global digital currency, is being used by more consumers to make several types of transactions. Although no government has recognized the bitcoin as a legitimate currency or placed concrete value on its use, the anonymity afforded to bitcoin users, coupled with the growing trend of bartering them for assets that carry […]

Author: Scarinci Hollenbeck, LLC

August 19, 2013

Verbal Fillers: Are You Guilty of Um, Ah and Sort Of?

Do you have a verbal “tic?” Get a tape of your last public speech, talk, oral argument or sales presentation. Are you starting your sentences with an “uh” or its common replacement “so?” If these verbal fillers seem to find their way into your public speaking, you are not alone. Many of the talking heads […]

Author: Dan Brecher

August 19, 2013

A-Rod Situation Highlights Risks of Long-Term Contracts

The two contracts previously awarded to Alex Rodriguez are widely regarded as being the two worst contracts in the history of professional sports. The second contract with the New York Yankees was signed in December 2007, replacing a 10-year, $252 million deal with the Texas Rangers. The earlier package produced three straight last-place finishes, a 2004 trade […]

Author: Gary S. Young

August 16, 2013

Contract lawyer NYC

National Ambulatory Services Firm Seeks Chapter 11 Bankruptcy Protection

Rural/Metro, an ambulance and fire protection services company, announced it has filed for Chapter 11 bankruptcy protection. The company has already established a reorganization plan following an agreement with its lenders to reduce debt liabilities by half. The company filed paperwork with the U.S. Bankruptcy Court in Wilmington, Delaware, and cited “significant challenges and disruptions operating its […]

Author: Joel R. Glucksman

August 16, 2013

Oil, Gas Industry Faces Scrutiny for Labor Practices

In light of a recent government report that shed light on the prevalence of incorrect worker classification, many companies are coming under fire for their own labor practices. However, some industries are facing more scrutiny than others, particularly the oil and gas industries, a new report reveals. The Pittsburg Post-Gazette reports that the U.S. Department of […]

Author: Frank L. Brunetti

August 16, 2013

Tax Law Violations

APPELLATE COURT REVERSES BPU DECISION APPROVING SALE OF UTILITY PROPERTY

In a recent opinion, the Appellate Division reversed a decision by the majority of the Commissioners of the Board of Public Utilities (Board or BPU) approving the sale by Atlantic City Electric Company (ACE) of property no longer used by ACE in the provision of electric service. The case had its inception in 1999, when ACE […]

Author: Dennis C. Linken

August 15, 2013

New Jersey Department of Environmental Protection

Has Your Business Start-up Registered Its Trademarks?

When starting a new business, intellectual property concerns should certainly be on your “To Do” list. Your company’s name, logo, trade secrets and inventions may one day be your greatest assets. Despite the importance, many start-ups are unsure about their intellectual property concerns when it is the right time to apply for registered trademarks and […]

Author: Kenneth C. Oh

August 15, 2013

IP attorney NYC

Estate of Turco: Is There Clawback For Insufficient Estate Tax Funds?

The lack of liquidity is a serious problem in the administration of an Estate, especially for a fiduciary with the potential for personal liability. The lack of liquidity can arise from no planning, illiquid assets or an unforeseen change in circumstances or market conditions. Federal estate tax is due nine months after death; however, it […]

Author: James F. McDonough

August 15, 2013

American Airlines Nears Bankruptcy Exit, Merger

American Airlines parent AMR Corporation is gearing up to make its formal exit from bankruptcy proceedings, and to enter into a multibillion-dollar merger agreement with US Airways, after receiving approval of its restructuring plan from creditors. AMR announced that preliminary results reveal at least 88 percent of ballots in each creditor class were cast in favor […]

Author: Joel R. Glucksman

August 15, 2013

Bankruptcy Proceedings

Rookies Thrown Out of NBA Transition Program May Struggle to Manage Legal Issues

Shabazz Muhammad made headlines recently when it was announced that he was sent home from the National Basketball Association’s Rookie Transition Program for violating rules. The Minnesota Timberwolves rookie was dismissed from the program for “bringing a female guest into his hotel room,” a direct violation of the program’s rules, USA Today recently reported. However, some sports analysts are wondering how […]

Author: Anthony R. Caruso

August 14, 2013

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