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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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Handy Hardware Files for Chapter 11 Bankruptcy Protection

Handy Hardware Wholesale, Inc., a dealer-owned hardware wholesale group operating in 14 states filed for Chapter 11 protection under bankruptcy law after a costly expansion straddled it with debt. Handy filed for protection from its creditors in U.S. Bankruptcy Court in Wilmington, Delaware. The wholesale group has roughly 1,000 members, who wholly own the company, […]

Author: Joel R. Glucksman

February 5, 2013

Don’t Negotiate Without It: Tips for Drafting Non-Disclosure Provisions

Most businesses maintain as confidential various forms of proprietary information like revenue projections, operating expenses, secret formulas, business plans, customer lists and any number of other forms of information that would lose value if widely disseminated. At the same time, it is often necessary to share such information to further business goals. The use of […]

Author: Donald M. Pepe

February 5, 2013

O.J. Simpson Owes Half A Million Tax Debt to IRS

Former football star O.J. Simpson is facing a slew of legal issues and the latest involves a hefty tax debt owed to the Internal Revenue Service. Simpson, who is currently serving a 30-year prison sentence in Nevada’s Lovelock Correctional Center after a 2008 conviction involving kidnapping and armed robbery, has reportedly skipped out on paying […]

Author: Frank L. Brunetti

February 4, 2013

Facebook Settles Class-Action Lawsuit for $20 Million

Members represented in a class-action lawsuit against social media giant Facebook may be entitled to a $10 payout after the networking site agreed to a $20 million-dollar settlement. The class-action lawsuit revolves around Facebook’s use of members’ names, photos, likenesses and identities in sponsored ads without their permission. This scenario became an issue when the website […]

Author: Anthony R. Caruso

February 4, 2013

Class Action Lawsuit

Senate Bill Would Create Private Cause of Action in New Jersey for Bad Faith Insurance Claims

Legislative efforts are again underway in New Jersey to establish a private cause of action for bad faith claims against insurers. This would help to codify bad faith doctrine recognized in Rova Farms Resort Inc. v. Investors Ins. Co., 65 N.J. 474 (1974) and in other decisions. Under current law, the Commissioner of Banking and […]

Author: Charles A. Yuen

February 4, 2013

DOJ, Sports Leagues Get Involved in New Jersey Sports Betting Law

A contentious new law in New Jersey that would allow residents to place wagers on sports has attracted the ire of the U.S. Department of Justice, which has now joined forces with colleges and professional sports leagues seeking to stop the legislation from going into effect. The controversy stems from a law signed last year […]

Author: Anthony R. Caruso

February 1, 2013

Grant Family Farms Seeks Chapter 7 Bankruptcy Protection

A Colorado community has been surprised after its first organic, community-supported agricultural farm was forced to file for Chapter 7 bankruptcy protection under federal bankruptcy law. Wellington, Colorado-based Grant Family Farms petitioned for Chapter 7 bankruptcy protection after operating in the community for 61 years. In a Chapter 7 bankruptcy, a trustee is appointed by […]

Author: Joel R. Glucksman

February 1, 2013

Judge Authorizes IRS to Seek Bank Records From UBS

The IRS is within its rights to request financial records from UBS of U.S. taxpayers suspected of hiding their income in accounts with Swiss bank Wegelin, a court ruled. U.S. District Judge William Pauley granted the Internal Revenue Service a motion to issue a “John Doe” summons – which requests information about possible tax fraud committed by individuals […]

Author: James F. McDonough

February 1, 2013

Casey Anthony Files For Bankruptcy Protection

Casey Anthony, the 26-year-old woman acquitted of killing her 2-year-old daughter in a 2011 trial that created a national uproar, has filed for Chapter 7 bankruptcy protection. Anthony filed her bankruptcy in a federal court in Tampa, Florida, claiming $1,100 in assets and $792,000 in liabilities. In court documents, Anthony listed debts of $500,000 for […]

Author: Joel R. Glucksman

January 31, 2013

Justin Bieber Faces Lawsuit From Former Bodyguard For Assault, Unpaid Wages

Assault and Unpaid Wages Lawsuit from a Former Employee Fans suffering from “Bieber Fever” were outraged to learn about an assault and unpaid wages lawsuit against the teen singing sensation brought on by his former bodyguard. Moshe Benabou, who was employed as Justin Bieber’s bodyguard between March 2011 and October 2012, alleges that the “Baby” singer […]

Author: Anthony R. Caruso

January 30, 2013

Justin Bieber

Educate The Executor to Avoid Wealth Transfer Issues

Steering Clear of Wealth Transfer Dilemmas The estate planning is a multi-layered process that requires individuals and business owners to be well-versed on tax law, wealth building and transferring assets to beneficiaries. However, an often-overlooked planning component involves making sure that executors are also educated on the process and able to meet a person’s wishes. […]

Author: Frank L. Brunetti

January 30, 2013

Test Preparation Company Seeks Bankruptcy Protection

Education Holdings filing for Chapter 11 Bankruptcy Protection High school and college students, who are preparing for the SAT and GRE tests in the hope of getting into a good school, now have – at least temporarily – one fewer option when choosing a test preparation company, as one popular service provider has filed for […]

Author: Joel R. Glucksman

January 29, 2013

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