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The operating unit of Caesars Entertainment Corp., Caesars Operating, request additional time so the company can file its own Chapter 11 reorganization plan without having to worry about rival agendas. The branch garnered a substantial amount of attention when the group chose to file for Chapter 11 bankruptcy protection earlier in 2015. Exclusive period ends in […]

The Rapidly Changing Nature of Cyber Threats Coupled With Ill Prepared Advisers Poses a Deadly Combination therefore SEC Offers Updated Cybersecurity Guidance. Financial firms are attractive targets for cyberattacks, given that they possess valuable financial assets and client data. In fact, one recent report recently dubbed them “candy stores” for hackers. While cybersecurity is considered […]

The federal gift tax limit will remain the same this year as it was last year, according to the IRS. As a result, a taxpayer (donor) may gift as much as $14,000 to each recipient (donee) without being required to file a gift tax return or paying gift taxes on these amounts. In addition, married couples can […]

The new owner of Atlantic City’s Revel Hotel and Casino has been granted control of property tenant rights, a federal judge ruled on April 20. These tenants had appealed the court’s decision to allow the sale of Revel to Florida developer Glenn Straub, asserting that the transaction would deny tenant property rights. Rights of new Revel […]

A restrictive covenant generally refers to the portion of an agreement that legally binds someone to either take, or abstain from taking, certain actions. If these obligations are broken, penalties or legal action could follow. As mentioned above, there are consequences for breaking a restrictive covenant. But what exactly is the special obligation included in these contracts? […]

What if you could catch all the sports you desired with a treasure trove of free food in tow? What if you could do this while making money? Setting up as a sports arena food vendor might sound great, but there is plenty of work to be done before you start selling hot dogs to […]

Creating effective tax reform in Washington will likely be difficult, as both the tax code – and the tax base – are complex. While many advocate creating effective tax reform, a wide range of businesses have sharply reduced their tax liabilities either by not repatriating their active income earned overseas or by harnessing tax breaks, […]

Friends and family can be counted to provide lot of things — a ride to the airport, a warm meal, or a shoulder to cry on. But should they serve as initial investors in your New Jersey start-up? Many new ventures have difficulty securing loans or attracting venture capital funding in the early stages. When […]

U.S. corporate income tax policy is currently riddled with problems and in dire need of reform, Treasury Department official Mark Mazur stated during a lecture focused on current issues in taxation. Mazur, an assistant secretary for tax policy, emphasized the U.S. corporate income tax policy rate is high relative to other countries, and that this situation […]

Owning a basketball is nice, but to some, owning a basketball team is even nicer. There are a number of ways to invest in professional or minor league sports franchises and attain franchise ownership. Before you consider franchise ownership, there’s a caveat: sports franchises frequently lose money despite the flashy contract numbers and huge television deals. This is a […]

Revel AC, Inc. recently filed a disclosure statement that revealed a string of errors that fueled Revel Casino’s Downfall. The property, which cost $2.4 billion to build, has filed for bankruptcy twice before ultimately being sold for $82 million. Not only was this sale price a fraction of its initial cost, Revel never turned a profit […]

Employers may want to double down their compliance efforts with regard to the New York City Human Rights Law. Mayor Bill DiBlasio recently signed two bills that will likely lead to increased enforcement.  As employers should be aware, New York City’s expansive Human Rights Law prohibits discrimination in employment, housing, and public accommodations based on […]