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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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Fiscal Cliff Deal Has Various Estate Tax Implications

With the fiscal cliff avoided and new capital gains and estate tax laws implemented by the federal government, changes are abound for taxpayers in all earning ranges, though the wealthiest earners will see arguably the most substantial losses from the legislation passage. Due to the passage of the American Taxpayer Relief Act (ATRA), high-net earners […]

Author: James F. McDonough

January 9, 2013

Paper Maker NewPage Emerges from Bankruptcy Protection

A popular paper mill that operates across the United States has completed its restructuring and emerged from Chapter 11 bankruptcy protection. NewPage Corp., the parent company of a Maine-based paper mill, announced it has successfully reorganized its finances 15 months after filing for protection under bankruptcy law. Following the company’s initial bankruptcy filing, a competitor, […]

Author: Joel R. Glucksman

January 8, 2013

Will Getco Get Green Light From Knight Capital Shareholders?

If Getco LLC can secure approval from Knight Capital Group shareholders, the newly formed entity would be a dominating force on the U.S. stock exchange. It would also be quite a reversal for Knight Capital, given that a $450 million trading error nearly bankrupted the company this summer. Shareholder approval is often one of the […]

Author: Dan Brecher

January 8, 2013

Mergers & Acquisitions

Pennsylvania Governor Tom Corbett To Sue NCAA

Pennsylvania Gov. Tom Corbett announced a lawsuit against the National Collegiate Athletic Association in response to football sanctions imposed on Penn State University last year regarding the Jerry Sandusky sex abuse scandal. Although the lawsuit relates to the Penn State sanctions, the university itself said it is not involved directly in the lawsuit. The school […]

Author: Anthony R. Caruso

January 7, 2013

NCAA

Tax Agency Owner Pleads Guilty to Multi-State Tax Fraud Crimes

Tax Fraud Crimes The owner of a popular tax agency plead guilty in a federal court to several tax Fraud violations that were carried out in several offices across Alabama and Georgia. Bruce King, owner and operator of tax preparation agency Premier Tax, plead guilty to conspiring to defraud the United States and filing false […]

Author: Frank L. Brunetti

January 7, 2013

Sylvester Stallone Wins Movie Copyright Lawsuit

Sylvester Stallone will not have to face a copyright lawsuit that charges him with plagiarism after a district judge in Manhattan upheld a previous court decision dismissing the case. U.S. District Judge Jed Rakoff rejected claims brought on by screenwriter Marcus Webb, who argued that Stallone’s “The Expendables” plot had “striking similarities” to his movie, […]

Author: Anthony R. Caruso

January 4, 2013

Entertainment lawyer NYC

Bankruptcy Court Approves American Eagle Labor Contracts

American Eagle and its sister company American Airlines will be allowed to move forward with new labor contracts following court approval of the restructured collective bargaining agreements. U.S. Bankruptcy Judge Sean Lane gave permission to American Eagle and its unions to move forward with the new terms, marking another step forward in the company’s volatile […]

Author: Joel R. Glucksman

January 4, 2013

Treasury Department Works With More Than 50 Jurisdictions to Stem Tax Evasion

The U.S. Department of the Treasury is extending its reach beyond U.S. shores to detect and prosecute Americans who violate federal tax law by failing to report and pay taxable income. The federal agency announced that is currently engaging with more than 50 countries and jurisdictions to boost international tax compliance and strengthen the provisions […]

Author: James F. McDonough

January 4, 2013

Tax Evasion

Cyber-attacks Projected to Spike in 2013: Are Companies Prepared?

Cyber-attacks against U.S. companies have been skyrocketing in recent years, with 2011 seeing an increase of nearly 44 percent according to the National Security Agency. While many businesses have implemented and continue to strengthen their security measures to deter and detect cyber-attacks, the threat is only expected to grow in 2013. Financial institutions are frequent […]

Author: Kenneth C. Oh

January 4, 2013

North American Lacrosse League Gears Up For Second Season

The disputes that hindered the North American Lacrosse League (NALL), from launching its inaugural season uneventfully have been resolved. Thus, lacrosse enthusiasts everywhere are eager for the 2013 season to begin. League activities were temporarily sidetracked in early January 2012 due to attempts from prior team owners to cancel the season. However, during a brief […]

Author: Anthony R. Caruso

January 3, 2013

Pharmacy Connected with Meningitis Outbreak Files For Bankruptcy

A few short months following the deadly meningitis outbreak that impacted hundreds of people nationwide, the pharmacy blamed for the outbreak has filed for Chapter 11 bankruptcy protection. New England Compounding Center, a specialty pharmacy, filed for protection under bankruptcy law in the U.S. Bankruptcy Court for the District of Massachusetts, as heavy litigation costs […]

Author: Joel R. Glucksman

January 3, 2013

Penalties Under False Claims Act Hit New Record

New York and New Jersey businesses that contract with the federal government should consider boosting compliance efforts related to the False Claims Act. A new report suggests that running afoul of the FCA can be extremely costly. In broad terms, the FCA imposes liability on any person who knowingly submits a false claim to the […]

Author: Scarinci Hollenbeck, LLC

January 3, 2013

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