Congratulations to attorneys John M. Scagnelli and William A. Baker of the Environmental and Land Use Group in a successful appeal for R&K Associates, LLC (“R&K”). Scagnelli and Baker represented R&K, the current owner of industrial property in Livingston, New Jersey, in a successful appeal brought before the New Jersey Superior Court, Appellate Division in [...]Former Senior White House Advisor Tapped to Lead Expansion into Washington, D.C.
Attorney, entrepreneur and consultant Moe Vela will head Scarinci Hollenbeck's office in its new D.C. location Lyndhurst, New Jersey, May 14, 2013 – Scarinci Hollenbeck is pleased to announce the expansion of its law firm into Washington, D.C. In addition, Scarinci Hollenbeck is proud to announce that Former Senior White House Advisor Moe Vela has [...]
In these times of falling property values, many property owners are quick to file tax appeals to reduce their tax burden. Most of these appeals have merit. However, be mindful of the fact that a municipality has the right to file a counterclaim. Also, under certain circumstances, a municipality can argue for an increase in [...]Is “Secret” Business Court Coming Back to Delaware?
Many corporations call Delaware home because of its business friendly legal environment. It is an attractive place to incorporate a business, and it can also provide substantial court decision precedents for corporate disputes, making it more predictable as to what a Delaware court may do in deciding a disputed business matter as compared to states [...]
Hedge fund billionaire John Paulson has placed the real estate unit of his hedge fund into bankruptcy to avoid litigation, including a costly lawsuit brought against it by a lender. Five Mile Capital Partners recently brought a suit against executives of Paulson's MSR Hotels & Resorts Inc. - the real estate arm of Paulson & Co. [...]
The post Hedge Fund’s Real Estate Unit Placed into Bankruptcy to Avoid Litigation appeared first on newjerseybankruptcynow.com.Court Grants ResCap Extension to File Reorganization Plan
A U.S. Bankruptcy Court has granted Residential Capital's request for a 30-day extension in filing its reorganization plan. During this period, the company will be unencumbered by the risk of rival proposals. In a U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn addressed the progress that's already been made in the contentious and ongoing bankruptcy dispute, and [...]
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U.S. District Judge Yvette Kane told Pennsylvania Gov. Tom Corbett that he will make a determination about whether his lawsuit against the NCAA holds merit or warrants dismissal within the coming weeks. Corbett filed a case against the NCAA in January, arguing that the $60 million in fines the conference imposed on Penn State for [...]
The post Judge to Determine Whether Corbett’s Lawsuit Against the NCAA Should Continue appeared first on sportsentertainmentattorney.com.Former NBA Union Exec Filed a Lawsuit Against President Derek Fisher
Billy Hunter, ousted National Basketball Players Association executive director, filed a lawsuit against the union and its new president, Derek Fisher, in a California Superior Court. Hunter is suing the parties for defamation and breach of contract stemming from his dismissal, alleging that a secret deal reached between Fisher and publicist Jamie Wior to end the 2011 lockout [...]
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Billionaire Sumner Redstone may be on the hook for a large sum of money relating to a tax gift he made to his children in 1972 if the Internal Revenue Service has its way. The federal agency claims Redstone owes $1.1 million in taxes, penalties, and interest relating to stock given to his children 41 [...]
The post IRS Goes After Billionaire Sumner Redstone for 1972 Tax Gift appeared first on Tax, Trust, and Estate News.Tax Agencies in U.S., U.K. and Australia Announce Partnership to Target Offshore Accounts
The tax administrations of the United States, the United Kingdom and Australia have teamed up to detect and prosecute those hiding income in offshore accounts, the Internal Revenue Service recently announced. The IRS noted that it found "a substantial amount of data" on offshore accounts held in the British Virgin Islands, the Cayman Islands, the [...]
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