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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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Understanding 10-K, 10-Q, and 8-K Reports: What’s the Big Difference for Investors?

Under SEC requirements, publicly traded companies are required to disclose a wealth of information to the public. Knowing how to decipher these filings can help investors make informed decisions regarding whether to buy, sell or hold a company’s securities. As the second in a series, this post provides a brief overview of several key corporate […]

Author: Dan Brecher

February 28, 2014

Securities attorney NYC

Senate Hearing to Address Offshore Tax Evasion

Offshore tax evasion is a clear violation of tax law, and this topic will be the focus of a Senate hearing that will take place in the near future. Offshore tax evasion is a clear violation of tax law, and this topic will be the focus of a Senate hearing that will take place in […]

Author: Frank L. Brunetti

February 28, 2014

Offshore Tax Evasion

Common Clauses Found in Contracts

Free Agency With MLB free agency still underway and NFL free agency fast approaching, professional athletes across the country are signing contracts. To the average fan, this means that the person is receiving millions of dollars over a set period of time. But to the agent and player, a new contract is much more complicated, […]

Author: Anthony R. Caruso

February 28, 2014

Solar panel manufacturer files for bankruptcy

Suntech Power Holdings Corp. filed for protection under Chapter 15 of the bankruptcy law on February 21. The solar panel manufacturer recently defaulted on $541 million worth of bonds, according to Bloomberg News, and is filing for protection from its U.S. creditors while it liquidates in the Cayman Islands. “The Chapter 15 petition is a […]

Author: Joel R. Glucksman

February 28, 2014

Chapter 15

Stock Exchanges Speak Out in Favor of Secret Arbitration

Delaware is one of the most popular places for corporations to incorporate, largely due to its business-friendly legal environment. However, one of the state’s lesser-known benefits is currently in legal limbo. In 2009, Delaware created a “secret” business court, which allows for arbitrations to be conducted in private. The law specifically authorizes the Chancellor of […]

Author: Robert E. Levy

February 27, 2014

The Case of the Missing First Time Homebuyers

It is no secret that student loan debt has tripled in the last ten years, to a total nationwide amount exceeding one trillion dollars. Moreover, student loan debt is essentially like an incurable illness – – it can never be “fixed” in Bankruptcy Court. Now, evidence is emerging that this one trillion dollar debt is […]

Author: Joel R. Glucksman

February 27, 2014

NSA Settles First Amendment Case Over Parody T-Shirt

The National Security Administration (NSA) has been taking a lot of heat in recent months. Among its lesser-known battles was a First Amendment lawsuit by Dan McCall, who created a series of t-shirts mocking both the NSA and the Department of Homeland Security (DHS). Shortly after McCall put his t-shirts up for sale on Zazzle.com, […]

Author: Joel N. Kreizman

February 26, 2014

College Athlete Pay Still A Major Topic of Conversation

Should College Athletes get Paid? In recent years, college athletes being paid to play has become a major topic of conversation. In fact, I have been asked to speak on this issue at a number of recent events. One of the biggest discussions is expected to be on whether or not NCAA athletes should be paid […]

Author: Anthony R. Caruso

February 26, 2014

Trusts: Income Tax Planning Is More Important Now

Wealth preservation remains a challenge despite the increases in the federal estate tax exclusion, which is equal to $5,340,000 in 2014. The challenge comes from higher trust income tax rates. Taxpayers have, over the years, funded trusts with gifts of property with carryover basis. Over time, inflation and appreciation increased the fair market value (FMV) […]

Author: James F. McDonough

February 26, 2014

Income Tax

NY Employment Lawsuit: Can a Worker Be Fired for Being “Too Cute?”

A New York employment lawsuit alleging wrongful termination is making legal headlines. The plaintiff, a Manhattan message therapist and yoga instructor, maintains that she was fired because her boss’s spouse found her to be “too cute.” While the case may seem unusual, there is precedent. In fact, the employer in the New York litigation will […]

Author: Dan Brecher

February 25, 2014

Long Beach Medical Center files for bankruptcy

New York’s Long Beach Medical Center announced that it has filed for protection under Chapter 11 of the bankruptcy law, according to Long Island Newsday. Hurricane Sandy did extensive damage to the medical center in October of 2012, forcing the facility to close down almost entirely, and it has remained essentially closed since the storm. According […]

Author: Joel R. Glucksman

February 25, 2014

Chapter 11

Owed Back Taxes Contribute to Drake Bell's Bankruptcy Filing

Tax law requires that individuals file a return for income earned annually, and if a person doesn’t complete this process, he or she will owe back taxes. The Internal Revenue Service is not an organization that people want to dodge, which former Nickelodeon Star Drake Bell recently found out the hard way. Drake Bell – […]

Author: Frank L. Brunetti

February 24, 2014

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