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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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Is Your Shareholder Succession Plan Subject to ERISA or Not? post image

Is Your Shareholder Succession Plan Subject to ERISA or Not?

Up to now, many firms could not conceive of a succession plan as being subject to ERISA. Fortunately, the Fifth Circuit, in Cantrell v. Briggs & Veselka Co., confirmed a 2-1 decision after a rehearing and held that deferred compensation provisions in two employment contracts did not constitute a plan under ERISA. This decision does […]

Author: James F. McDonough

Link to post with title - "Is Your Shareholder Succession Plan Subject to ERISA or Not?"
IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes post image

IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes

NASCAR driver Juan Pablo Montoya is currently facing a series of tax law violations in the U.S. Tax Court, for allegedly failing to pay nearly $3 million in federal back taxes owed to the Internal Revenue Service. The IRS recently filed a lawsuit against the driver for these back taxes, arguing that he did not disclose the […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes"
Oregon Basketball Players Suspended For Selling Shoes post image

Oregon Basketball Players Suspended For Selling Shoes

Amateur athletes are not able to profit from their likenesses until they leave school upon graduation for a professional league’s draft. Two University of Oregon basketball players recently violated this sports law when they sold shoes provided to them by the school. Sophomores Dominic Artis and Ben Carter were both suspended, and could miss from […]

Author: Scarinci Hollenbeck, LLC

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New Study: Paying Top Salaries Does Not Guarantee Good Results post image

New Study: Paying Top Salaries Does Not Guarantee Good Results

We recently wrote about the pay of top athletes and how the outlandish compensation paid to attract or keep a superstar often backfires as performance and pay often fail to correlate. According to a new study by the Institute for Policy Studies, paying a “superstar” chief executive officer a very lucrative salary may similarly backfire. […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "New Study: Paying Top Salaries Does Not Guarantee Good Results"
SAC Capital Advisors Settles Insider Trading Charges in Record Settlement post image

SAC Capital Advisors Settles Insider Trading Charges in Record Settlement

The Department of Justice recently announced a landmark settlement involving SAC Capital Advisors. The firm, which was once the world’s most powerful and successful players in the hedge fund industry, has agreed to pay nearly $1.8 billion in penalties to resolve allegations of insider trading. According to a press release from U.S. Attorney Preet Bharara, […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "SAC Capital Advisors Settles Insider Trading Charges in Record Settlement"
Comcast SportsNet, Astros Square Off in Bankruptcy Court post image

Comcast SportsNet, Astros Square Off in Bankruptcy Court

On Oct. 28th, a bankruptcy court presided over a cable channel dispute between Comcast SportsNet and local sports teams involving the fate of Comcast SportsNet Houston. The regional sports network, which broadcasts games from the Houston Astros, Houston Rockets and Houston Dynamos, has failed to generate sufficient revenue and instead, has been dependent upon the […]

Author: Joel R. Glucksman

Link to post with title - "Comcast SportsNet, Astros Square Off in Bankruptcy Court"
Agents Could Face Stricter Sports Laws post image

Agents Could Face Stricter Sports Laws

Amateur athletes are prohibited from having any contact with a sports agent before declaring themselves eligible for a professionals sports league’s draft. But, this hasn’t stopped agents from trying to secure top clients while they are still in school. In an effort to strengthen the penalties agents face for providing gifts to college athletes or […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Agents Could Face Stricter Sports Laws"
Report: IRS Contract Workers Owe $5.4M in Back Taxes post image

Report: IRS Contract Workers Owe $5.4M in Back Taxes

Close to 700 contract workers of the Internal Revenue Service owe the agency $5.4 million in back taxes, according to a report released on Oct. 23 by a Treasury Department inspector general. “The IRS takes tax compliance for taxpayers and those who work for the IRS very seriously,” the IRS said in a statement. “For […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Report: IRS Contract Workers Owe $5.4M in Back Taxes"
Lawsuit Over Tech Anti-Poaching Pact Receives Class Action Certification post image

Lawsuit Over Tech Anti-Poaching Pact Receives Class Action Certification

A lawsuit alleging that several of the country’s most powerful high-tech companies had a secret, non-compete deal recently received class-action certification. More than 60,000 employees of Adobe Systems Inc., Apple Inc., Google Inc., and Intel Corp. are members of a class that allege that the pact not to recruit or hire each other’s employees resulted […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "Lawsuit Over Tech Anti-Poaching Pact Receives Class Action Certification"
Prominent Massachusetts Real Estate Developer Files for Bankruptcy post image

Prominent Massachusetts Real Estate Developer Files for Bankruptcy

On Oct. 24, following a failed effort to develop a golf community in Ipswich, Massachusetts, real estate developer Ted Raymond filed for bankruptcy protection. Citing more than $46 million in debt in his official bankruptcy filings, Raymond revealed his substantial debts arose from his attempts to develop a golf course and residences at Turner Hill, […]

Author: Joel R. Glucksman

Link to post with title - "Prominent Massachusetts Real Estate Developer Files for Bankruptcy"
BMC Software – The Complexity of the Code post image

BMC Software – The Complexity of the Code

One of the irritating aspects of the Internal Revenue Code is the complexity its tax law interactions and its various provisions. BMC Software Inc. v Comm., 141 TC No. 5 (2013) illustrates this point. BMC and its European Holding Company entered into a cost sharing arrangement (“CSA”) to develop computer software. Later, in 2002, BMC […]

Author: James F. McDonough

Link to post with title - "BMC Software – The Complexity of the Code"
How Will Immigration Reform Impact the Business Community? post image

How Will Immigration Reform Impact the Business Community?

As Congress continues to debate how best to overhaul of the nation’s immigration laws, small businesses are understandably concerned about how immigration reform will impact them. While much of the attention is focused on addressing undocumented aliens and tightening border security, several proposals would directly impact the business community: Wider availability of green cards The […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "How Will Immigration Reform Impact the Business Community?"

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