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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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Swift Energy files for Chapter 11 Bankruptcy Protection

Swift Energy files Chapter 11 Recently, Swift Energy, the large-scale oil and gas producer, announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company became just the latest casualty of the collapse of oil prices in 2015. As part of its bankruptcy petition, the company will sell […]

Author: Joel R. Glucksman

February 11, 2016

Computer Hacking Defendant Loses in U.S. Supreme Court, Violates CFAA

Computer Hacking Defendant Loses at U.S. Supreme Court Due To CFAA Violations In a unanimous decision, the U.S. Supreme Court held recently that the former executive of a logistics company was properly found guilty of violating the Computer Fraud and Abuse Act (CFAA), even though the jury was given erroneous instructions that required a higher burden […]

Author: Fernando M. Pinguelo

February 11, 2016

New Changes for Gift Tax Laws in 2016

2016: new changes for gift tax laws All gifts may be subject to IRS gift taxes, and some of those rules are becoming more stringent next tax year. According to a Motley Fool report, a prime example of a gift tax law that has become more strict is when gifts are given between U.S. citizens and […]

Author: James F. McDonough

February 11, 2016

FINRA And the Culture of Compliance

FINRA examiners are looking for “Culture of Compliance” The Financial Industry Regulatory Authority (FINRA) recently published its 2016 Regulatory and Examination Priorities Letter. For firms under FINRA’s purview, the document provides useful insight into where the organization plans to devote its resources. FINRA focuses on “Culture of Compliance” in 2016 Of particular note for 2016, […]

Author: Dan Brecher

February 10, 2016

Fair Use: How is Parody Different from Satire and Copyright Violation?

How is Parody Different from Satire and Copyright Violation? From a long string of Weird Al songs to the new spin on police procedural programming, “Angie Tribeca,” parodies have long been a mainstay in pop culture. When is a song, television show or movie a parody and when is it simply a rip-off, though? How […]

Author: Anthony R. Caruso

February 10, 2016

Scarinci Hollenbeck

Important Ruling on the Throw Out Rule

NJ Tax Court makes important ruling on the Throw Out Rule Recently, the New Jersey Superior Court Appellate Division upheld a previous decision that intangible holding companies are not required to throw out any out-of-state receipts. According to a Reed Smith report, the Court ruled in Lorillard Licensing Company LLC v Director, Div. of Taxation […]

Author: Frank L. Brunetti

February 9, 2016

Scarinci Hollenbeck

Cubic Energy Inc. files for Chapter 11 Bankruptcy Protection

Cubic Energy Inc. files for Chapter 11 It has been announced that Cubic Energy Inc., one of the largest remaining oil companies in Texas, had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company is just the latest to feel the brunt of the collapse of oil prices. As part […]

Author: Joel R. Glucksman

February 9, 2016

Is your business at risk from international trademark squatters?

China saw a rapid rise in trademark filings in 2015, suggesting that multinational brands are continuing to expand their operations there. By comparison, established economies, such as the United States, saw only a slight rise in registrations. According to a new report by Thomson CompuMark, China registered 1.7 million new trademarks in 2014, which represents […]

Author: Fred D. Zemel

February 9, 2016

Scarinci Hollenbeck

What Is an Exchange Trade Fund Investment?

Investment 101: What Is an Exchange Trade Fund? Investors have poured more than two trillion dollars into ETFs since they were first introduced in the United States in 1993. As ETFs gain increasing popularity among everyday investors, regulators are boosting their oversight. Most notably, the Securities and Exchange Commission (SEC) recently announced that it plans […]

Author: Dan Brecher

February 8, 2016

Scarinci Hollenbeck

Lawsuit Pushing to Enhance Fan Safety at MLB games

What’s the problem with fan safety at MLB games? A lawsuit has pushed Major League Baseball to increase fan safety at MLB games. While all major league baseball stadiums in the U.S. do have safety netting behind home plate, the amount varies and there are seats that may be considered dangerous located elsewhere. An Oakland […]

Author: Anthony R. Caruso

February 8, 2016

Malpractice Warning For Attorneys & Accountants Regarding Form 8971

Form 8971 Must Be Filed By February 29, 2016 For Certain Estates Estate tax returns filed after July 2015 and now required to file Form 8971 with the IRS Service Center in Cincinnati by February 29, 2016. Schedule A to Form 8971 reports the estate tax value of property passing from an estate or decedent […]

Author: Frank L. Brunetti

February 5, 2016

Scarinci Hollenbeck

Protecting Americans from Tax Hikes Due to FIRPTA Changes

Real Estate: tax hikes due to FIRPTA changes & how to avoid them FIRPTA is the Foreign Interest In Real Property Tax Act and became law to force foreign sellers of U.S. real property to pay tax on gain from sales. Without FIRPTA changes, sellers would pocket the proceeds and remove themselves from the U.S. […]

Author: James F. McDonough

February 5, 2016

Scarinci Hollenbeck

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