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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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Avoiding State Income Taxation on Portfolio Assets

It is not difficult to construct a trust that will permit an individual to avoid income taxation on portfolio assets in the jurisdiction where he or she resides. The trust is drafted in such a way as to avoid having the grantor of the trust receiving income distributions. The client may, at some point in […]

Author: James F. McDonough

June 26, 2013

Scarinci Hollenbeck Dodgers take the Crown

We are pleased to announce that the Scarinci Hollenbeck Dodgers of North Arlington won the North Arlington Little League World Series on Saturday, June 15, 2013. After practicing twice a week and coming out of the regular season with a record of 12 wins and 0 losses, the Dodgers went on to win the playoffs […]

Author: Scarinci Hollenbeck, LLC

June 25, 2013

Bank of America Says Countrywide Bankruptcy Remains an Option

Bank of America is playing hardball with its Countrywide Financial unit, and recently raised the possibility of putting Countrywide into bankruptcy only two years after reaching a landmark $8.5 billion settlement with mortgage investors. Countrywide, which struggled to stay afloat following a swarm of mortgage-related litigation after the housing market collapse, was purchased by Bank of […]

Author: Joel R. Glucksman

June 25, 2013

Filing Bankruptcy

Kansas Sues Sperm Donor for Child Support

This case in Topeka Kansas has been in the news since December 2012. Mr. William Marotta provided sperm for a child conceived through artificial insemination for a lesbian couple. The State of Kansas is seeking to hold Mr. Marotta responsible for child support despite the fact that Mr. Marotta relinquished his parental rights in a […]

Author: James F. McDonough

June 25, 2013

Scarinci Hollenbeck Attorney Sworn onto Board of Directors of MODC

Patrick J. McNamara begins term on the Board of Directors of the Monmouth-Ocean Development Council Scarinci Hollenbeck wishes to congratulate Patrick J. McNamara on his swearing-in this past Friday, June 21, 2013, to a three year term on the Board of Directors of the Monmouth-Ocean Development Council. The MODC, established in 1965, is a consortium of business, […]

Author: Scarinci Hollenbeck, LLC

June 24, 2013

Warner Music, Atlantic Records Facing Lawsuit Over Unpaid Internships

Justin Henry, a former intern with Atlantic Records, filed a class-action lawsuit against the company, as well as parent company Warner Music Group, over his unpaid internship. The number of lawsuits against music, movie, and entertainment companies for work from an unpaid internship has steadily increased in recent years and may play a bigger role in […]

Author: Scarinci Hollenbeck, LLC

June 24, 2013

Entertainment and Sports

IRS Seeks $100 Million from Former HP Chairman Ray Lane

Ray Lane, former chairman of Hewlett-Packard Co., and the Internal Revenue Service remain at odds over a reported $100 million tax bill which Lane plans to dispute. The businessman said he will appeal a ruling by the U.S. Tax Court which claims he owes roughly $100 million in taxes as a result of his participation […]

Author: Scarinci Hollenbeck, LLC

June 24, 2013

Why is my Property Tax Appeal taking so long?

Many commercial property owners are turning to their attorneys to prosecute the filing of a tax appeal in order to cut costs. By and large, these appeals are conducted on a contingent fee basis. That is to say the attorney will not earn a fee except as a percentage of savings actually achieved upon resolution […]

Author: Scarinci Hollenbeck, LLC

June 22, 2013

Is Cross-Border Swaps Regulation at a Standstill?

The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have both proposed rules to govern cross-border security-based swap activities, as mandated under Title VII of the Dodd-Frank Act. However, implementation is unlikely any time soon. Security-based swaps, a popular derivative, pose problems for regulators because the market involves counterparties located in different […]

Author: Kenneth C. Oh

June 21, 2013

IRS to Hammer Down on Bitcoins, a Virtual Currency

The Internal Revenue Service is increasing its focus on tax law compliance, as evidenced by the recent crackdown on offshore tax evasion and international financial-account sharing agreements with popular tax havens. However, the IRS is zeroing in on a new potential gateway for tax evasion that may affect taxpayers of all income levels: virtual currency. […]

Author: Scarinci Hollenbeck, LLC

June 21, 2013

Exide Technologies Officially Files for Bankruptcy Law Protection

After weeks of speculation, battery manufacturer Exide Technologies has officially sought bankruptcy law protection under Chapter 11 of the U.S. Bankruptcy Code. Despite its recent attempts to cut costs, the company has been unable to strengthen its finances in light of rising costs for materials and the state’s shutdown of one of its key facilities in Vernon, […]

Author: Joel R. Glucksman

June 21, 2013

Will NCAA Likeness Lawsuit Change College Sports?

Former UCLA basketball player Ed O’Bannon is going after the National Collegiate Athletic Association and several companies that license college sports merchandise and video games in a likeness lawsuit for using players’ likenesses without permission or compensation. O’Bannon and other athletes named in the suit argue that it’s unfair for them to sign away the rights to […]

Author: Scarinci Hollenbeck, LLC

June 21, 2013

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