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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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Latest FCC Ruling Will Likely Fuel TCPA Class-Action Lawsuits

On July 10, 2015, the Federal Communications Commission (FCC) released its much-anticipated Telephone Consumer Protection Act (TCPA) Omnibus Declaratory Ruling. The FCC’s broad interpretation of the TCPA is likely to further fuel the growing trend of class-action litigation against unsuspecting businesses. The TCPA prohibits the use of “any telephone facsimile machine, computer, or other device to […]

Author: Robert E. Levy

July 20, 2015

Danger in the Water: Regulators Turning Attention to Dark Pools

Securities regulators are increasingly turning their attention to dark pools, which are far less regulated than traditional exchanges. The European Union’s (EU) new rules will take effect in 2017, and the Securities and Exchange Commission (SEC) proposed its own rules earlier this year. Dark pools are private, alternative trading systems (ATS) in which participants can […]

Author: Dan Brecher

July 17, 2015

Legendary Gunmaker Pulls the Trigger on Ch. 11 Bankruptcy Protection

Colt Defense LLC, a legendary gunmaker and one of the oldest gunmakers in the world, filed for Chapter 11 bankruptcy protection recently to cut its $500 million debt, according to Bloomberg Business. The filing comes after Colt lost key U.S. and foreign military contracts as well as years of dropping demand for firearms at the consumer […]

Author: Joel R. Glucksman

July 17, 2015

The Perils of Text Message Contract Negotiations

With the explosion of smart phones, contract negotiation is no longer confined to business letters, telephone conversations, or even emails. However, are text message contract negotiations the way to go? For busy business professionals, text message contract negotiations between partners is becoming increasingly common. Unfortunately, it is not the most legally sound way to negotiate a […]

Author: Dan Brecher

July 15, 2015

What You Need to Know About the Gift Tax Exclusion & How to Potentially Avoid it

Currently, the gift tax exclusion threshold is $14,000, but most high net worth individuals will probably never pay the tax, according to the Motley Fool. This is due to the fact that even if individuals exceed the $14,000 limit, they will most likely only need to file a gift tax return and apply part of […]

Author: James F. McDonough

July 15, 2015

NJ Bankruptcy Court Approves Atlantic City Casino Liquidation

Last week, the U.S. Bankruptcy Court in Trenton, N.J. approved the casino liquidation plan for Revel AC Inc. in Atlantic City. The ruling resolves Revel’s long Chapter 11 case with a proposal that permits the casino to repay $45 million in debt for roughly $5 million. Revel’s long Chapter 11 case The long Chapter 11 […]

Author: Joel R. Glucksman

July 15, 2015

Proposed SEC Clawback Rules to Cut Out Erroneous Compensation

Earlier this month, the Securities and Exchange Commission (SEC) proposed new rules that would require companies to adopt policies that require executive officers to pay back incentive-based compensation that they were awarded erroneously. These SEC clawback rules for executive compensation, which are required under Section 954 of the Dodd Frank Act, are intended to improve the quality […]

Author: Dan Brecher

July 14, 2015

Scarinci Hollenbeck

Largest Rare Earth Miner in the US Files for Bankruptcy

Molycorp, Inc. which is the largest rare Earth miner in the US, is filing for bankruptcy, as they have recently announced plans to file for Chapter 11 to reduce their $1.7 billion debt, according to a WSJ report. The filing is significant because Molycorp Inc. is the only source of rare earth metals in North America and […]

Author: Joel R. Glucksman

July 14, 2015

It's Time for a Film Financing Revolution with New SEC Rule

With the Securities and Exchange Commission’s new securities registration process, film financing may never be the same. The SEC’s recent exemption, called “Reg A ,” will give filmmakers a new way to offer securities. Though the regulation wasn’t intended to control crowdfunding websites specifically, it will offer filmmakers and investors new ways to use them. For some time, […]

Author: Scarinci Hollenbeck, LLC

July 14, 2015

Scarinci Hollenbeck

SEC is Offering Guidance Regarding Regulation A+

The Securities and Exchange Commission, also known as the SEC is offering guidance regarding Regulation A+, which took effect on June 29, 2015. The speed with which the agency’s Division of Corporation Finance published responses to several frequently asked questions suggests that the new securities exemption may be living up to the buzz. Regulation A+ […]

Author: Dan Brecher

July 13, 2015

Start-Up Financing: Due Diligence Is a Two-Way Street

When launching a new venture, it can be tempting to accept start-up financing from anyone who offers it. However, entrepreneurs should always take the time to get to know their potential investors when it comes to start-up financing. After all, you will likely be married to them for several years. So while investors are checking […]

Author: Dan Brecher

July 10, 2015

How to Get Away with Using a Logo without Permission

Trademarks cannot be used without consent and using a logo without permission of the owner is not possible – most of the time. The legal world has been abuzz following HBO’s decision to use intellectual property owned by NFL teams without the league’s consent, but it turns out that as long as logos are used properly, permission is not […]

Author: Scarinci Hollenbeck, LLC

July 9, 2015

Scarinci Hollenbeck

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