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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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SEC Seeking to Make Punishment Fit the Crime

The Securities and Exchange Commission (SEC) will likely undergo a number of significant changes with Mary Jo White at the helm. She has promised to step up enforcement if confirmed as the agency’s new chairwoman. Changes could also be coming to how the SEC punishes securities violations. The agency is reportedly exploring the use of […]

Author: Dan Brecher

April 2, 2013

Growing Number of States Consider Legalizing Sports Gambling

A recent court ruling that barred New Jersey from legalizing sports gambling should have served as a lesson for other states, but many states have become emboldened by the court’s decision and are contemplating allowing sports betting regardless of the ban. For example, Illinois recently announced that it is considering a measure to allow betting […]

Author: Anthony R. Caruso

April 1, 2013

IRS Updates Voluntary Worker Classification Settlement Program

The Internal Revenue Service has been cracking down on businesses that misclassify employees as independent contractors. In an effort to urge employers to come forth with this tax law violation without facing heavy penalties, the federal agency has expanded its Voluntary Worker Classification Settlement Program. The expansion is designed to allow more companies to take advantage of […]

Author: Frank L. Brunetti

April 1, 2013

Costco Facing IP Lawsuit Over Tiffany Rings

Although the signature little blue box may have been missing, Tiffany and Co. has filed a lawsuit against Costco Wholesale Corp. for selling “counterfeit” engagement rings. The federal lawsuit, currently pending in New York, alleges trademark infringement, dilution, counterfeiting, unfair competition, injury to business reputation, false and deceptive business practices and false advertising. According to […]

Author: Scarinci Hollenbeck, LLC

April 1, 2013

Bankrupt Company Leaves Weapons Arsenal

A U.S. Bankruptcy Court is treading carefully on a Chapter 7 bankruptcy liquidation that will leave behind a large cache of weapons. Seattle-based company Advanced Interactive Systems recently sought bankruptcy law protection under Chapter 7 of the Bankruptcy Code. The company owns a number of shooting ranges and also trains security professionals, and as a […]

Author: Joel R. Glucksman

March 29, 2013

Chapter 7

Puerto Rico Entices Wealthy Americans With Chance to Avoid IRS Scrutiny

Puerto Rico is categorized as an unincorporated territory of the United States, and this designation has facilitated its current efforts in appealing to wealthy Americans and corporations. The small island has launched a campaign encouraging wealthy individuals to relocate to shield future income from the Internal Revenue Service without giving up their passports, according to Bloomberg […]

Author: Frank L. Brunetti

March 29, 2013

Detroit to Appoint an Emergency Manager

Michigan Gov. Rick Snyder announced Thursday at a news conference in Detroit that he was committed to sending an emergency manager to oversee Detroit’s finances as the city struggles to avoid seeking bankruptcy law protection under Chapter 9 of the Bankruptcy Code. Snyder will recommend the appointment of bankruptcy lawyer Kevyn Orr as the emergency […]

Author: Joel R. Glucksman

March 28, 2013

Drop in Venture Capital Means More Competition for Start-Ups Seeking Funding

Young, emerging growth companies looking to venture capital firms as an alternative to more traditional debt financing sources may experience stiffer competition. VC investments declined for the first time in three years, according to a recent MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association (NVCA). Overall, venture capitalists invested $26.5 billion in […]

Author: Dan Brecher

March 28, 2013

Start-Up Business

MLB Lawsuit May Inadvertently Target Players

MLB Lawsuit Against BioGenesis Major League Baseball’s recent lawsuit against Florida clinic BioGenesis may have unintended consequences for players, a new report shows. MLB is currently suing the clinic for allegedly providing banned performance-enhancing drugs to the league’s players, a heavy sports law violation. Court documents show that MLB believes BioGenesis owner Anthony Bosch gave illicit […]

Author: Anthony R. Caruso

March 27, 2013

Pflueger Cleared of Tax Fraud Charges

A U.S. District Court acquitted Jimmy Pflueger, an 87-year-old retired auto dealer, of four federal tax fraud charges. Pflueger, who founded a string of dealerships, was charged with several tax law violations, including filing false tax returns, hiding roughly $15 million in offshore Swiss bank accounts, and failing to pay roughly $27.5 million in taxes […]

Author: Frank L. Brunetti

March 27, 2013

Geokinetics Files for Chapter 11 Bankruptcy Protection

Geokinetics, a provider of seismic data, has filed for bankruptcy law protection under Chapter 11 of the Bankruptcy Code in Wilmington, Delaware. The voluntary bankruptcy will help the company accomplish its previously announced financial restructuring. The Houston-based corporation listed $12 million in assets and $351 million in liabilities. However, an agreement with the holders of […]

Author: Joel R. Glucksman

March 26, 2013

NJ Business Litigation Decision Highlights Broad Reach of Full Faith and Credit Clause

A recent business litigation decision highlights that the full faith and credit clause can make it very difficult to challenge the enforcement of a judgment rendered outside of New Jersey. The case specifically involved an Iowan judgment where the exertion of personal jurisdiction over defendant, with no contact with Iowa, was based on a “floating […]

Author: Robert E. Levy

March 25, 2013

New Jersey Business Litigation Attorney

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