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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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Shock Jock Loses NY Business Lawsuit Over Key Contract Term

Howard Stern recently suffered another legal setback in his lawsuit against Sirius XM Radio Inc. A New York state appeals court affirmed the dismissal of his $330 million breach of contract lawsuit. The disputes centered on the terms of a 2004 employment agreement under which Stern agreed move his radio program to Sirius XM. The […]

Author: Robert E. Levy

April 23, 2013

Commercial litigation attorney NYC

IRS to Cut Back on Individual, Corporate Audits in 2013

The Internal Revenue Service is seeking out strategies to maximize its efficiency on a lower budget, and this may translate to fewer individual and corporate audits in 2013, a new report suggests. Documents obtained by a non-partisan watchdog group, Transactional Records Access Clearinghouse, revealed that the IRS plans to reduce the number of staffers it places […]

Author: Scarinci Hollenbeck, LLC

April 22, 2013

Military, Law Enforcement Supplier Seeks Chapter 11 Bankruptcy Protection

U.S. Cavalry Store Inc., a provider of military and law enforcement gear and equipment, has filed for Chapter 11 Bankruptcy protection. The Kentucky-based company owes money to between 200 and a thousand creditors. It listed assets of less than $50,000 and liabilities ranging from $1 million to $10 million, according to The Associated Press. However, […]

Author: Joel R. Glucksman

April 19, 2013

Helmet-Maker Riddell Loses $11.5 Million Lawsuit

A Colorado jury awarded a young man who suffered severe brain injuries while playing high school football millions of dollars in a lawsuit brought against helmet-maker Riddell. Rhett Ridolfi, now 22 years old, was awarded $11.5 million in damages after suing Riddell, football coaches and his former high school’s administration. The jury ruled that while […]

Author: Scarinci Hollenbeck, LLC

April 19, 2013

Does Your Small Business LLC Have an Operating Agreement?

New York, like many states, requires all limited liability companies to have an operating agreement, regardless of size. In New Jersey, they are not required, but they are certainly a good idea. An operating agreement is essential to the smooth operation of an LLC because it governs the company’s financial and business decisions. For the […]

Author: Scarinci Hollenbeck, LLC

April 19, 2013

Chinese Buyer Changes Bankrupt A123 Systems' Name to B456

In a streak of creativity following its purchase of bankrupt battery maker A123 Systems, Chinese firm Wanxiang Group changed the company’s name to B456 Systems and announced its plans to renew operations within the U.S. After filing the new name with the U.S. Securities and Exchange Commission, Wanxiang said it plans to maintain the company’s […]

Author: Joel R. Glucksman

April 18, 2013

Battle of the Bulge: Yummie Tummie Sues Spanx for Patent Infringement

The fashion industry has recently become a hotbed for intellectual property suits. New York-based Times Three Clothier LLC is the latest file suit. The company alleges that tank tops sold by Spanx infringe the design patents for its Yummie Tummie brand. Powerful women are behind both companies. Sara Blakely, the founder of Spanx, has been […]

Author: Fred D. Zemel

April 18, 2013

IP attorney NYC

Leaked Documents Reveal Extent of Tax Shelter Abuse

The Internal Revenue Service has made going after Americans who violate U.S. tax law through the improper use of tax shelters a top priority. A new report that exposes millions of leaked documents reveals the large extent of tax shelter abuse occurring in the U.S. The International Consortium of Investigative Journalists reports that 90 journalists […]

Author: Scarinci Hollenbeck, LLC

April 17, 2013

U.S. Supreme Court to Take on Forum-Selection Clauses

The U.S. Supreme Court recently agreed to consider another key business case. Atlantic Marine Construction Company v. J-Crew Management involves whether federal courts should be required to enforce a forum-selection clause in business contracts. The specific issue before the Court is what happens when one party files a lawsuit in a venue other than as contractually […]

Author: Scarinci Hollenbeck, LLC

April 17, 2013

U.S. Supreme court

Municipal Bankruptcies Pit Pensioners, Bondholders Against Each Other

Several cities have sought bankruptcy law protection under Chapter 9 of the Bankruptcy Code in recent months. A new analysis suggests that as the number of municipal bankruptcies in the U.S. increases, pensioners and bondholders may be in the center of the fight, according to Forbes. Following Judge Christopher Klein’s decision to allow Stockton, California, to […]

Author: Joel R. Glucksman

April 16, 2013

Court Denies IRS Request to Reinstate Tax Preparer Rules

The U.S. Court of Appeals for the District of Columbia denied a request made by the Internal Revenue Service to reinstate its tax preparer rules or otherwise known as, tax return preparer regulatory program, pending an appeal. The ruling said that the federal agency had “not satisfied the stringent requirements” to overturn a lower-court judge’s injunction […]

Author: Scarinci Hollenbeck, LLC

April 15, 2013

Fisker Automotive Strongly Considers Bankruptcy

Fisker Automotive, a government-backed manufacturer of luxury, plug-in hybrid sports cars, recently sought legal representation in the likely event that it will file for bankruptcy protection. The company is currently searching for a strategic investor to provide the financial backing that will allow it to avoid bankruptcy proceedings. In the meantime, it was forced to […]

Author: Joel R. Glucksman

April 12, 2013

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