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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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NJ Voters Approve Adult-Use Cannabis: The Path Forward

New Jersey voters have overwhelmingly approved a referendum to legalize an adult-use marijuana market. As of January 1, 2021, the cultivation, processing, and sale of retail marijuana and the personal possession and use of marijuana by persons age 21 and older will be legal, provided such actions are conducted in compliance with coming legislation and […]

Author: Daniel T. McKillop

November 5, 2020

New Jersey

Third Circuit Rejects Pocky Cookie Maker’s Trade Dress Claims

In a precedential decision, the Third Circuit Court of Appeals held that Ezaki Glico, the makers of popular stick-shaped cookies, may not bring trade dress claims against a rival snack maker that sells a similar-shaped cookie... In a precedential decision, the Third Circuit Court of Appeals held that Ezaki Glico, the makers of popular stick-shaped […]

Author: David A. Einhorn

November 5, 2020

Third Circuit Court

Is Your New York Business Prepared for Another Mandatory Closure?

When New York businesses were required to close their doors last March, there was little advance notice, and many were caught unprepared... When New York businesses were required to close their doors last March, there was little advance notice, and many were caught unprepared. With COVID-19 cases spiking in several areas across the state, mandatory […]

Author: Michael J. Sheppeard

November 4, 2020

SEC Proposes Conditional Exemption for Finders Helping Small Businesses Raise Funds

The Securities and Exchange Commission (SEC) is proposing a new conditional exemption for “finders”… The Securities and Exchange Commission (SEC) is proposing a new conditional exemption for “finders” who help small businesses raise capital in private markets. The exemption from the broker registration requirements of Section 15(a) of the Exchange Act would allow natural persons […]

Author: Dan Brecher

November 2, 2020

Managing Mass Layoffs During the Pandemic – Tips for Doing It Right

As businesses work to overcome the economic fallout of the COVID-19 pandemic, workforce reductions can help significantly reduce costs… As businesses work to overcome the economic fallout of the COVID-19 pandemic, workforce reductions can help significantly reduce costs. However, in order to benefit from the savings, businesses must comply with all legal obligations. If not, […]

Author: Howard D. Bader

October 30, 2020

COVID-19

Enforceability of Restrictive Covenants in New York and New Jersey

Restrictive covenant agreements can be troublesome for both sides and the laws regarding their enforcement can vary from state to state… Restrictive covenant agreements can be troublesome for both sides. The laws regarding their enforcement can also vary from state to state. Accordingly, it is imperative that your contracts include reasonable restrictions and clearly define […]

Author: Dan Brecher

October 28, 2020

Securing Our Children’s Future Bond Act Grant Applications are Available

New Jersey school districts can begin to take advantage of funding provided under the Securing Our Children’s Future Bond Act… New Jersey school districts can begin to take advantage of funding provided under the Securing Our Children’s Future Bond Act, which authorized the issuance of $500 million in bonds to fund key improvements to New […]

Author: David L. Blank

October 27, 2020

A Simple Guide to SAFEs for Investors and Startups

A simple agreement for future equity (SAFE) isn’t always so simple... A simple agreement for future equity (SAFE) isn’t always so simple. Before startups and investors consider this increasingly popular security, it is important to understand how SAFEs work. To start, a SAFE is an agreement between an investor and a business in which the […]

Author: Dan Brecher

October 27, 2020

Investment

Is It Time to Make Your Best Employee a Partner? Five Key Considerations

Taking on a key employee as a partner can also be a good way for business owners to plan for retirement… There is a lot to be said for teamwork in growing a business. How better to increase the motivation of your employees than to offer an opportunity to own a piece of the business? Taking […]

Author: Dan Brecher

October 26, 2020

COVID-19

Is NYDFS Targeting Social Media for Its Next Round of Cyber Regulations?

After adopting comprehensive cybersecurity regulations for financial services companies, NYDFS is now turning its attention to social media companies… After adopting comprehensive cybersecurity regulations for financial services companies, the New York State Department of Financial Services (NYDFS) is now turning its attention to social media companies. The agency recently concluded its investigation into the recent […]

Author: Maryam M. Meseha

October 26, 2020

Will IP Rights Hamper Access to a COVID-19 Vaccine or Not?

Widespread access to a safe and effective COVID-19 vaccine is the key to getting back to normal, according to health experts… Widespread access to a safe and effective COVID-19 vaccine is the key to getting back to normal, according to health experts. However, some are questioning whether patent rights could serve as a “barrier” to […]

Author: David A. Einhorn

October 21, 2020

Boom of Blank-Check Companies Attracting Attention

Blank-check companies, also known as special purpose acquisition companies (SPACS), are booming… Blank-check companies, also known as special purpose acquisition companies (SPACS), are booming. In early October, a record eight SPACs went public in one day, netting $3.25 billion in proceeds. The hot market for blank-check SPAC companies is attracting the attention of brokerages and investors […]

Author: Dan Brecher

October 20, 2020

SPACS

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