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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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Judge Rules Against ResCap Noteholders, Denounces Legal Tactics

A U.S. bankruptcy judge ruled this week that a group of ResCap noteholders are not entitled to interest that has accrued on their claims since the mortgage servicer filed for bankruptcy protection last year. U.S. Bankruptcy Judge Martin Glenn denied claims made by junior secured noteholders for at least $350 million in post-petition interest. Glenn ruled that the collateral […]

Author: Joel R. Glucksman

November 29, 2013

Fontainebleau Las Vegas Likely to Reach Settlement Deal

A four-and-a-half year bankruptcy case involving the failed Fontainebleau Las Vegas casino tower may be nearing an end. A U.S. bankruptcy judge said he was inclined to approve a settlement agreement in the messy Chapter 7 bankruptcy proceedings over the $2.9 billion tower, which is considered one of the largest busts in real estate history. U.S. […]

Author: Joel R. Glucksman

November 28, 2013

Want to Know Where the Pros Are Placing Your Money? Hedge Fund Filings Now Available for Review

Hedge fund 13F filings are now available for review. These regulatory filings are noteworthy because they provide private investors a glimpse into where the professionals are placing their money. For example, Berkshire Hathaway recently released its 13F filing to the public, revealing what stocks legendary investor Warren Buffet and his team bought and sold during […]

Author: Dan Brecher

November 28, 2013

JPMorgan Offers Lesson in How Not to Use Social Media

JPMorgan Chase is not having a good month. The bank’s mortgage arm recently agreed to a record $13-billion settlement with the federal government over selling risky mortgage investments. While financial institutions can undoubtedly learn many business lessons from JPMorgan’s legal settlement, the company’s recent social media snafu has broader applicability to New York and New […]

Author: Sean D. Dias

November 27, 2013

Social Media

Tina Turner: No Longer Looking For a Job in the City

Tina Turner rose to fame, in part, on the song Proud Mary, whose lyrics begin with: “Lookin’ for a job in the city.” Recently, the Washington Post announced that Tina Turner relinquished her U.S. citizenship. Another publication stated that, for income tax purposes, there is a distinction between renouncing and relinquishing a person’s U.S. citizenship […]

Author: James F. McDonough

November 27, 2013

Concussions a Major Issue in Football

Football is a violent sport that leads to many serious injuries, such as torn ACLs and broken collarbones. But, the most serious of all might be concussions, as these can have lasting effects and seriously impact the lives of players after leaving the league. Some suffer from depression, dementia and Alzheimer’s disease as a result of their […]

Author: Anthony R. Caruso

November 27, 2013

New Jersey Retailers Must Ensure Safe Shopping on Black Friday

Somewhere along the way, waiting in long lines for coveted items at bargain prices became a Thanksgiving tradition. Almost all New Jersey retailers now offer some form of “Black Friday” deal. As stores and shoppers prepare for the holiday shopping rush, safety should be just as important as the sales, according to the Occupational Health […]

Author: Robert E. Levy

November 26, 2013

Global Aviation Holdings Files Fourth Bankruptcy Case

Global Aviation Holdings may have made history after announcing on Nov. 12 its plans to file for protection under Chapter 11 of the bankruptcy law for the fourth time since its inception. The company, which is the largest commercial provider of charter air services to the U.S. military, filed bankruptcy proceedings with the U.S. Bankruptcy Court in […]

Author: Joel R. Glucksman

November 26, 2013

Chapter 11

Sampling Music Can Create Legal Issues for Artists

Whether a recording artist is trying to pay homage to a favorite musician or simply like a song and want to make it their own, sampling past music for their own use. Before releasing the music commercially, artists need to be sure that they get legal permission for sampling another artists music – or else […]

Author: Anthony R. Caruso

November 25, 2013

U.S., France Sign Intergovernmental Agreement to Combat Offshore Tax Evasion

The U.S. Department of the Treasury and the government of France have partnered up to combat egregious tax law violations carried out through the use of offshore accounts, the federal department said. The two countries have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA). IGAs have been instrumental in helping countries […]

Author: Frank L. Brunetti

November 25, 2013

ENTERTAINMENT ATTORNEY ANTHONY CARUSO STRIKES ANOTHER REALITY TV DEAL

Congratulations to Our Newest TV Celebrity Bari Kroll! New York, NY, November 25, 2013 – Anthony R. Caruso, Esq., partner and chair of the Sports & Entertainment Law Group of Scarinci Hollenbeck LLC, has announced his newest reality TV deal negotiation. Bari Kroll, a successful businesswoman in New Jersey, has just signed with a major […]

Author: Scarinci Hollenbeck, LLC

November 25, 2013

Are Letter Agreements Binding Contracts or Not?

New Jersey business partners often execute letter agreements, which outline the fundamental terms of the business transaction prior to consummating the final contract. However, when deals go south, poorly drafted letters of intent can lead to messy breach of contract lawsuits. In a recent breach of contract case, a New Jersey judge refused to compel […]

Author: Victor E. Kinon

November 25, 2013

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