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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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Dolphins Locker Room Situation May Cause Legal Troubles

Players in the National Football League are governed by the collective bargaining agreement, which is hashed out by the NFL Player’s Association and league owners. Athletes are offered certain protections under this agreement, and a breach could lead to legal troubles for the NFL. It appears as though the NFL may have a problem on […]

Author: Anthony R. Caruso

November 18, 2013

Arbitrator Can't Wear Two Hats Says NJ Courts

In a recent decision, the Appellate Division of the New Jersey Superior Court ruled that an arbitrator, having first mediated a dispute, could not subsequently resume the role of arbitrator. Assuming such a dual role would require the written consent of all parties involved. The Facts of the Case The case, Minkowitz v. Israeli, involved […]

Author: Joel N. Kreizman

November 15, 2013

Treasury Releases New Guidance on FATCA

The U.S. Department of the Treasury has released new guidance to foreign institutions to help them comply with the new U.S. anti-tax evasion law, most commonly referred to as the Foreign Account Tax Compliance Act (FATCA). Many foreign banks, investment firms and other financial agencies have expressed some concern over the lack of clarity and guidance […]

Author: Frank L. Brunetti

November 15, 2013

Tax Evasion

Bitcoin Company Files For Bankruptcy Protection

Only three months after its inception, Alydian Inc., a provider of Bitcoin mining solutions, has filed for protection under Chapter 11 of the bankruptcy law. The company – which is a unit of Bitcoin start-up and promoter CoinLab, Inc. – filed bankruptcy proceedings in the U.S. Bankruptcy Court in Seattle. It listed less than $50,000 in assets. Alydian owes […]

Author: Joel R. Glucksman

November 15, 2013

Concussions Causing a Stir in the Sports World

The impact of concussions in sports has been a major topic of conversation in recent years, and it appears that a new sports law may need to be implemented to better protect players from long-term damage stemming from head injuries. The National Collegiate Athletic Association and four former college athletes recently entered the mediation process that […]

Author: Anthony R. Caruso

November 15, 2013

Sequester Puts School Districts In Danger of Bankruptcy

The federal sequester has created budget constraints for many cities and towns, and this has put many school districts that rely upon municipal funding to maintain operations in danger of bankruptcy. This is particularly true in rural districts that provide education to low-income children. A recent article in The Huffington Post highlighted the plight of […]

Author: Joel R. Glucksman

November 14, 2013

Bankruptcy Protection

SEC Moving Forward on CEO Pay Disclosure Rules

The Securities and Exchange Commission (SEC) is moving forward on rules that will require companies to disclose their CEO-to-worker pay ratio. The rule is mandated under the Dodd-Frank Act. The proposal toward the SEC would specifically amend existing executive compensation disclosure rules to require companies to disclose: In good news for companies, the SEC elected […]

Author: Kenneth C. Oh

November 13, 2013

Tax Law Milestone for Amazon

Beginning on Nov. 1, many consumers across the U.S. will pay sales tax on purchases made from Amazon.com, representing a significant change from the company’s previous policies, which hedged on avoiding collection of the tax. In Massachusetts, Connecticut and Wisconsin, state lawmakers enacted tax laws that break away from Amazon.com’s previous non-tax collection policies. An […]

Author: Scarinci Hollenbeck, LLC

November 13, 2013

Sales Tax

Jay Z May Have Broken Sports Agent Law

Rapper turned sports agent Shawn Carter, better known as Jay Z, is being investigated by the Major League Baseball Players Association for a potential violation of sports law. The MLBPA is alleging that Carter purchased Robinson Cano – one of his clients – a $33,900 watch, which might have been a breach of the union’s […]

Author: Anthony R. Caruso

November 13, 2013

Is Your Shareholder Succession Plan Subject to ERISA or Not?

Up to now, many firms could not conceive of a succession plan as being subject to ERISA. Fortunately, the Fifth Circuit, in Cantrell v. Briggs & Veselka Co., confirmed a 2-1 decision after a rehearing and held that deferred compensation provisions in two employment contracts did not constitute a plan under ERISA. This decision does […]

Author: James F. McDonough

November 12, 2013

ERISA

IRS Says Juan Pablo Montoya Owes $2.7 Million in Back Taxes

NASCAR driver Juan Pablo Montoya is currently facing a series of tax law violations in the U.S. Tax Court, for allegedly failing to pay nearly $3 million in federal back taxes owed to the Internal Revenue Service. The IRS recently filed a lawsuit against the driver for these back taxes, arguing that he did not disclose the […]

Author: Frank L. Brunetti

November 11, 2013

Oregon Basketball Players Suspended For Selling Shoes

Amateur athletes are not able to profit from their likenesses until they leave school upon graduation for a professional league’s draft. Two University of Oregon basketball players recently violated this sports law when they sold shoes provided to them by the school. Sophomores Dominic Artis and Ben Carter were both suspended, and could miss from […]

Author: Anthony R. Caruso

November 11, 2013

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