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Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Our attorneys develop content covering various legal topics ranging from Environmental to Corporate Transactions & Business to Litigation, Labor & Employment and much more.

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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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New LLC Rules Take Effect in New Jersey

For many New Jersey business owners, the limited liability company framework offers a number of advantages. Most notably, it limits personal liability for business debts and court judgments against the business and shields an owner’s personal assets. Under new rules that took effect on March 18, LLCs may now be even more attractive to New […]

Author: Scarinci Hollenbeck, LLC

April 8, 2013

WWE, Hart Widow Settle Lawsuit Over Use of Deceased Wrestler's Likeness

World Wrestling Entertainment and the widow of deceased WWE Champion Owen Hart have reached a settlement nearly 14 years after the wrestler’s death. Martha Hart and WWE confirmed that they reached a settlement agreement after Hart brought a lawsuit against the company in June 2010. Hart sued the company for violating a sports law contract […]

Author: Scarinci Hollenbeck, LLC

April 5, 2013

Settlement Agreement

Payroll Company Files for Bankruptcy Protection

AccuPay, a Bel Air-based payroll company, is seeking bankruptcy protection under Chapter 7 of the Bankruptcy Code as a result of a tax-related investigation. The company listed 95 creditors in court documents and debts of between $100,001 and $500,000 when it filed for protection in a U.S. Bankruptcy Court in Baltimore. The company said it […]

Author: Joel R. Glucksman

April 5, 2013

Beaver Convicted of Tax Evasion

Cook County Commissioner William Beavers was found guilty of tax law violations, being convicted of tax evasion in a federal courtroom in Chicago. Beavers was found guilty of one count of attempting to hide money from the Internal Revenue Service and three counts of filing false tax returns in 2006, 2007 and 2008. Recent testimony […]

Author: Scarinci Hollenbeck, LLC

April 5, 2013

Grammy Award Winner Dionne Warwick Seeks Bankruptcy Protection

Five-time Grammy award winner Dionne Warwick has filed for bankruptcy protection in New Jersey, listing millions in liabilities, much of which is owed to the Internal Revenue Service. The 72-year-old singer is seeking bankruptcy law protection under Chapter 7 of the Bankruptcy Code, meaning that many of her debts – though not all – may be […]

Author: Joel R. Glucksman

April 4, 2013

Bankruptcy Protection

IRS Agent Invalidates Beavers' Tax Fraud Defense

Alleged Illegal Use of Campaign Funds lead to Tax Fraud Violations The defense strategy of Cook County Commissioner William Beavers took a hit in a federal Chicago courtroom when an Internal Revenue Services agent testified against him in the ongoing tax fraud trial. Beavers is currently facing prosecution for tax law violations which allege that he […]

Author: Scarinci Hollenbeck, LLC

April 3, 2013

Tax Fraud

Supreme Court Issues Key Class-Action Decision

The U.S. Supreme Court recently issued a key decision on class-action lawsuits. The case, Standard Fire Insurance Co. v. Knowles, involved the Class Action Fairness Act of 2005 (CAFA), which gives federal district courts original jurisdiction over class actions in which the matter in controversy exceeds $5 million in sum or value. The law aims […]

Author: Scarinci Hollenbeck, LLC

April 3, 2013

ObamaCare, the Search for a Marginal Tax Rate and an Unlikely Opportunity

Clients ask tax advisors to compare alternatives by illustrating the net tax effect of the choices available to the client. In order to compute the tax effect, one must assume a certain tax rate to use in the calculation. There are times, such as now, when the choice of a tax rate is not readily […]

Author: James F. McDonough

April 2, 2013

Trustee Objects to $20 Million Payout to American Airlines Executive

American Airlines Executive, Tom Horton to Receive Severance Package? The bankruptcy of American Airlines has culminated in a multi billion-dollar merger between the distressed carrier and US Airways. While the bankruptcy story may have a happy ending for many workers impacted by the proceedings, there are still several loose ends to tie up, and the […]

Author: Joel R. Glucksman

April 2, 2013

American Airlines

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: Scarinci Hollenbeck, LLC

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: Scarinci Hollenbeck, LLC

April 1, 2013

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