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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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Judge to Rule Whether GM Bankruptcy Favored Hedge Funds Over Creditors

Bankruptcy Judge to Provide Ruling U.S. Bankruptcy Judge Robert Gerber is expected to hand down a ruling shortly on a controversial provision of the 2009 restructuring of General Motors, the results of which may cost GM upwards of $1 billion dollars. The issue is whether GM unfairly favored hedge fund investors over its unsecured creditors […]

Author: Joel R. Glucksman

January 18, 2013

Investors

Baltimore Behavioral Health Files For Bankruptcy Protection

Filing for Bankruptcy Protection A mental health rehabilitation and addiction facility in Baltimore has filed for Chapter 11 bankruptcy protection under bankruptcy law as a result of heavy debt to creditors and to the Internal Revenue Service. Baltimore Behavioral Health listed more than $5.5 million in liabilities during its filing, noting that it also owed […]

Author: Joel R. Glucksman

January 17, 2013

Does Post Office Give Netflix an Unfair Business Advantage?

If you subscribe to Netflix, you know that DVDs appear in your mailbox at seemingly warp speed. While consumers certainly appreciate the prompt delivery, at least one other mail-order business believes Netflix is receiving an unfair business advantage from the U.S. Postal Service. In 2011, GameFly Inc. filed a lawsuit against the Postal Regulatory Commission, […]

Author: Dan Brecher

January 17, 2013

Business attorney New Jersey

South Carolina Lawmaker Found Guilty of Tax Evasion

Found Guilty of Tax Evasion A South Carolina state legislator was found guilty of misdemeanor tax evasion, but will face no jail time. Representative Kris Crawford was charged with failing to file tax returns from 2004 and 2007 in a timely manner. His 2004 taxes were filed in 2007, his 2004 and 2005 taxes were […]

Author: Scarinci Hollenbeck, LLC

January 16, 2013

Can You Be Forced to Arbitrate Even If You Didn’t Sign the Underlying Arbitration Agreement?

To the surprise of many New York and New Jersey businesses, the answer may be yes. Based on the theory of “intertwinement,” at least one New Jersey court has held that parties who did not sign the underlying arbitration agreement can be forced to arbitrate their claims. In an April 23, 2011, unreported Opinion, the […]

Author: Joel N. Kreizman

January 16, 2013

Arbitration

Microphage Files For Chapter 11 Bankruptcy Protection

Microphage, a company that specializes in bacterial detection innovation and technology, has filed for Chapter 11 bankruptcy protection under bankruptcy law in Colorado. The company listed assets from $500,000 to $1 million, and liabilities between $1 million and $10 million. Microphage is best known as the manufacturer of the first U.S. blood test that identifies […]

Author: Joel R. Glucksman

January 15, 2013

NHL Lockout Finally Reaches an End

Hardcore hockey fans that have been awaiting the end of a 113-day lockout must be relieved that the NHL hockey season will finally resume. Following an overnight 16-hour bargaining session, the National Hockey League Players Association led by Donald Fehr and the National Hockey League commissioner Gary Bettman were able to come to accord regarding […]

Author: Anthony R. Caruso

January 14, 2013

Sports Attorney

Advisory Panel Urges IRS to Combat Identity Theft in its Tax Fraud Efforts

Combat Identity Theft The Internal Revenue Service has funneled a significant amount of resources toward combating tax law violations. However, some argue that the federal agency is not paying equal attention to another important crime that is connected to tax fraud. The IRS Advisory Council’s 2012 annual report offers up several suggestions, including a recommendation […]

Author: Frank L. Brunetti

January 14, 2013

Bankruptcy Judge Approves Sales of Luxury American Airlines London Townhouse

A $23 million London townhouse owned by distressed company American Airlines will be sold in the coming weeks, following unions’ outrage that the company still retained the luxury residence throughout bankruptcy proceedings. U.S. Bankruptcy Judge Sean Lane approved the sale of the five-bedroom house, which is located in an upscale neighborhood a short distance […]

Author: Joel R. Glucksman

January 11, 2013

American Airlines

FICA Taxation of Severance Pay May Remain Thorny Issue Due To Conflicting Rulings

Conflicting court rulings may lead to confusion and dispute over whether employers are required to pay Federal Insurance Contributions Act tax – or FICA taxes – on severance payments made to former employees. The issue has been a contentious one, with the Internal Revenue Service asserting that severance payments are considered wages under tax law […]

Author: Frank L. Brunetti

January 11, 2013

Tribune Company Set To Exit Bankruptcy Protection

Cable and newspaper network, Tribune Co. is prepared to exit Chapter 11 bankruptcy protection and start the new year with a fresh start. The company, which owns news outlets the Los Angeles Times and Chicago Tribune, announced its plans to emerge from bankruptcy before January, bringing an end to four years of bankruptcy proceedings. The […]

Author: Joel R. Glucksman

January 10, 2013

Contract Dispute With UNC Obstacle To Butch Davis' FIU Coaching Position

Butch Davis is eager to take on the coaching position offered to him at Florida International University, but it looks like a contract dispute with him and the University of North Carolina may stand in the way of his new job. FIU has been courting Davis for the head coaching job since its sudden termination […]

Author: Anthony R. Caruso

January 9, 2013

NCAA

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