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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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    Bankruptcy Court Approves American Eagle Labor Contracts post image

    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

    Link to post with title - "Bankruptcy Court Approves American Eagle Labor Contracts"
    Treasury Department Works With More Than 50 Jurisdictions to Stem Tax Evasion post image

    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

    Link to post with title - "Treasury Department Works With More Than 50 Jurisdictions to Stem Tax Evasion"
    Cyber-attacks Projected to Spike in 2013: Are Companies Prepared? post image

    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

    Link to post with title - "Cyber-attacks Projected to Spike in 2013: Are Companies Prepared?"
    North American Lacrosse League Gears Up For Second Season post image

    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

    Link to post with title - "North American Lacrosse League Gears Up For Second Season"
    Pharmacy Connected with Meningitis Outbreak Files For Bankruptcy post image

    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

    Link to post with title - "Pharmacy Connected with Meningitis Outbreak Files For Bankruptcy"
    Penalties Under False Claims Act Hit New Record post image

    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

    Link to post with title - "Penalties Under False Claims Act Hit New Record"
    Former UBS Banker Pleads Guilty to Tax Evasion Charges post image

    Former UBS Banker Pleads Guilty to Tax Evasion Charges

    An ex-Swiss banker pleaded guilty to charges of helping wealthy American customers evade federal income taxes, shedding more light on the ongoing crackdown of many foreign banks and their practices. Christos Bagios, formerly employed by Swiss banking giant UBS and the Credit Suisse Group, was accused of helping Americans evade millions of dollars in taxes […]

    Author: Scarinci Hollenbeck, LLC

    Link to post with title - "Former UBS Banker Pleads Guilty to Tax Evasion Charges"
    Bondholders Confront CalPERS in San Bernardino Bankruptcy Case post image

    Bondholders Confront CalPERS in San Bernardino Bankruptcy Case

    Creditors who are the city’s bondholders in the San Bernardino, California, bankruptcy case are displeased with the position taken by the California Public Employees’ Retirement System – or CalPERS – and they are taking their concerns to court. The bondholders filed a legal protest against CalPERS, arguing that the pension fund is seeking preferential treatment […]

    Author: Joel R. Glucksman

    Link to post with title - "Bondholders Confront CalPERS in San Bernardino Bankruptcy Case"
    Use an Earn-Out Provision to Bridge The Difference In a New Jersey Business Sale post image

    Use an Earn-Out Provision to Bridge The Difference In a New Jersey Business Sale

    Sellers usually value their New Jersey businesses higher than the Buyer can reasonably pay up front and unconditionally, because the Buyer has less familiarity with the minute details and unseen liabilities that show up only after the deal is done.  A confident and reliable Seller can be persuaded to accept payments over time, often tied in […]

    Author: Dan Brecher

    Link to post with title - "Use an Earn-Out Provision to Bridge The Difference In a New Jersey Business Sale"

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