Business & Commercial Law
New Jersey Law Blog
Beneficiaries Under A Payment Bond
Posted in Business & Commercial Law
When a project involves the construction of public works, or other improvements to a municipal, county, or a state property, a payment bond is typically posted by the general contractor for the project. This is required as lien claims are typically disallowed whenever project involves a state, county or a… Continue reading
Stark & Stark is Once Again at the Forefront of Protecting Women at Risk in Sexually Abusive Environments
Posted in Business & Commercial Law
Stark and Stark, along with its co-counsel Barry, Corrado, Grassi & Gillin-Schwartz, have filed a class action on behalf of thousands of potential female class members against the New Jersey Department of Corrections (“NJDOC”), over the intolerable conditions at the Edna Mahan Correctional Facility for Women (“EMCFW”). NJDOC is a public… Continue reading
Can the Termination of a Shareholder’s Employment be Oppression?
Posted in Business & Commercial Law
The termination of a shareholder’s employment may constitute oppression under N.J.S.A. 14A:12-7(b)(1)(c). That is because a person who holds a share in a closely held corporation often does so “for the assurance of employment in a closely-held corporation in the business.” Muellenberg v. Bilkon Corp., 143 N.J. 168, 180-181 (1996)…. Continue reading
Required Notification to Be Beneficiary Under a Payment Bond
Posted in Business & Commercial Law
In State, County, or Municipal projects, payment bonds are typically required of the general contractor, as the commercial Construction Lien Law is inapplicable to these projects. Copies of the payment bond are always provided to the relevant government agency, as well as to all direct subcontractors or suppliers with whom… Continue reading
Pizza Chain Bertucci’s Files for Chapter 11 Protection
Posted in Business & Commercial Law
This week, Massachusetts-based pizza chain Bertucci’s filed for Chapter 11 bankruptcy protection in the Delaware (seeking joint administration under case No. 18-10894). Bertucci’s operates 59 stores, 29 of which it plans to reject. According to The Wall Street Journal, an affiliate of Chicago-based investment firm Right Lane Capital LLC has… Continue reading
Teen Fashion Retailer Claire’s Files for Chapter 11 Protection
Posted in Business & Commercial Law
Today, Claire’s Stores, Inc., along with seven affiliates and subsidiaries filed for Chapter 11 bankruptcy protection in the Delaware (Case No. 18-10584). Claire’s is a well-known specialty retailer of teen and young women jewelry, accessories, and beauty products, as well as ear piercings at local malls, based in Cook County,… Continue reading
Challenging a Previously Concealed Will
Posted in Business & Commercial Law
In general, the time to contest a Last Will and Testament is very short. An in-state resident who is aware of the notice of probate will have four months to challenge a Will from the time it is submitted to probate. On the other hand, an out of state resident… Continue reading
Payable on Death Designations for IRA and Non-IRA Accounts
Posted in Business & Commercial Law
After a person passes away, their assets are typically divided into probate assets, which are assets which pass through the Estate, and non-probate assets, which are assets which pass outside of the Estate. Probate assets are those to which a beneficiary is not specified, and thus, the assets become part… Continue reading
Tips to Help Property Managers Effectively Manage Meetings
Posted in Business & Commercial Law
Property managers are often tasked with leading a board or member meeting. These tips will help to keep the meeting on track and productive. Before doing anything else in preparation for the meeting — double check compliance with notice requirements. No notice = no meeting. Prior Planning Prevents Poor Performance… Continue reading
Documenting Backcharges on Construction Projects
Posted in Business & Commercial Law
It would be unusual for a large to medium scale construction project to be completed without the general contractor experiencing issues with at least some of its subcontractors or suppliers. Under such circumstances, it is typical for back charges to be assessed by the general contractor against the subcontractor or… Continue reading
