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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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Hostess Begins First Round Of Bankruptcy Auctions

Hostess Brands will soon begin the process of auctioning off its most iconic labels in an effort to emerge from protection under bankruptcy law. The process will begin in the last week of February, during which the company will auction off several of its brands, including Wonder Bread, Dow Jones Newswires reports. One bidder – Flowers […]

Author: Joel R. Glucksman

February 26, 2013

New SEC Technology to Focus on Suspicious Corporate Disclosures

The Securities and Exchange Commission (SEC) is increasingly turning to technology to help root out fraud. The agency recently announced plans to launch a new computer software program that will detect accounting anomalies in corporate disclosures submitted to the regulator. The new data driven approach is expected to bolster the SEC’s risk assessment process when […]

Author: Dan Brecher

February 26, 2013

Securities attorney NYC

Ja Rule Released From Prison in Gun Case To Serve Time for Tax Evasion

Rapper Ja Rule, whose real name is Jeffrey Atkins, was recently released from federal prison for illegal gun possession only to be sent into custody for failing to comply with federal tax law. The Platinum-selling rapper served most of his two year sentence for possessing illegal firearms, and was recently escorted by U.S. Marshals to […]

Author: James F. McDonough

February 25, 2013

Splitting Inheritances Evenly May Not Always Be the Best Policy

How Will You Split Their Inheritance? When it comes to dividing up an estate among heirs, many affluent individuals and business owners balk at leaving one child more assets, cash, or property than their other children for fear that it will cause sibling rivalry. However, when business interests or family heirlooms are involved, this may […]

Author: Frank L. Brunetti

February 22, 2013

Actual Malice Proofs—Meant to Be Difficult, Not Impossible Part I

When a public figure brings a defamation lawsuit, he is required to prove that the defendant acted with actual malice, meaning he must present evidence that the defendant knew his statement to be false or that he had serious doubts as to the statement’s veracity. The public figure’s burden is meant to be difficult; it […]

Author: Joel N. Kreizman

February 22, 2013

Mary J. Blige Faces Tax Lien on New Jersey Mansion

Grammy winner and R&B artist Mary J. Blige is facing a host of financial issues that recently culminated in a $900,000 tax lien being placed on her home. The state of New Jersey imposed the lien on Blige’s 18,250-square-foot mansion in Saddle River after Blige violated tax law by failing to pay back taxes. She bought the home […]

Author: James F. McDonough

February 21, 2013

New Jersey

Reader's Digest Seeks Chapter 11 Bankruptcy Protection

Reader’s Digest, a long-time staple in most American homes, is seeking Chapter 11 protection under bankruptcy law to unload hundreds of millions of dollars in debt. RDA Holding, parent company of the Reader’s Digest Association, sought court protection in White Plains, New York, while it attempts to implement a restructuring plan with creditors. The proposed […]

Author: Joel R. Glucksman

February 21, 2013

Internet Gaming One Step Closer in New Jersey

New Jersey is poised to legalize Internet gaming, becoming just the third state in the country to do so. Although Gov. Chris Christie recently issued a conditional veto of the legislation, lawmakers have stated that they are confident that they will quickly have a revised bill on his desk. The law only legalizes intra-state online […]

Author: Robert A. Marsico

February 21, 2013

Business attorney New Jersey

Former Hockey Player Joins Class-Action Lawsuit Against NCAA

NCAA Facing Class-Action Lawsuit Kyle Solomon, former hockey player for the University of Maine, has joined three other athletes in a class-action lawsuit against the National Collegiate Athletic Association for the way the organization handles concussions. Solomon – whose hockey career was halted his sophomore year due to a concussion – joined former Eastern Illinois football player […]

Author: Anthony R. Caruso

February 20, 2013

Class Action Lawsuit

IRS to Appeal Court's Tax Licensing Decision

Court Makes Decision on Tax Licensing Case The U.S. District Court for the District of Columbia recently ruled the Internal Revenue Service did not have the authority to license independent tax preparers. However, the IRS said it plans to appeal the decision, a move that may affect as many as many as 700,000 professionals who file […]

Author: Frank L. Brunetti

February 20, 2013

Bankrupt American Airlines Merges with US Airways

American Airlines and US Airways have announced an $11 billion merger that will create the largest airline carrier in the world. The announcement comes after months of rocky deals, labor disputes, and pension agreements brought on by American Airlines’ bankruptcy. Discussions of a merger have been in place since the company filed for protection under […]

Author: Joel R. Glucksman

February 19, 2013

American Airlines

Distracted Driving: Are Your Employees Putting Your New York or New Jersey Business at Risk?

Do your employees have company-issued cell phones and drive company owned or leased vehicles, or, do they use their own devices to send business-related emails or text messages while driving? Do your employees have company-issued cell phones and drive company owned or leased vehicles, or, do they use their own devices to send business-related emails […]

Author: Robert E. Levy

February 19, 2013

Employee Policies

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