- Big Lots Bankruptcy Update: Pivoting from Reorganization to GOB Liquidation
December 19, 2024
On September 9, 2024, Big Lots, Inc. filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in Delaware. At the time, Big Lots had entered into an asset purchase agreement with an affiliate of Nexus Capital Management LP (“Nexus”), which had agreed to acquire Big Lot’s assets and operations. Today, Big Lots announced ...
- New Jersey Cannabis Law Does Not Imply a Private Right of Action for Job Applicants Who are Denied Employment Due to Cannabis Use
December 10, 2024
On December 9, 2024, the United District Court of Appeals for the Third Circuit issued an important decision whether New Jersey’s Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (“CREAMMA”) provides a private right of action for a job applicant who was denied employment because he failed a pre-employment drug test. The Court in Zanetich ...
- New Jersey’s New Compensation Disclosure Law: What Employers Need to Know
December 2, 2024
On November 18, 2024, Governor Murphy signed a law which will require New Jersey employers with 10 or more employees to disclose certain compensation benefit information in job advertisements. What Does the Law Require? This new law requires covered employers to disclose in each job posting, “the hourly wage or salary, or range of hourly wage or ...
- Navigating Gift Treatment in Divorce: Key Considerations
December 2, 2024
The end of the year is upon us, and often parents or other individuals make gifts to their children for the maximum amount allowable to avoid federal and state gift taxes. In the absence of marital bliss, how these gifts are handled can make a significant difference in the event of a divorce. Divorces often involve ...
- Ensuring Compliance for NJ Community Associations: Key Requirements and Deadlines
November 26, 2024
There are three important requirements affecting New Jersey Community Associations: Reserve Studies Compliance, the Corporate Transparency Act (CTA) Compliance and Structural Integrity Compliance. Please ensure your association is in compliance. Reserve Studies Compliance All community associations with at least $25,000 in capital assets must comply. Reserve studies must be updated at least every 5 years. Associations with reserve studies ...
- Types of Restraining Orders in New Jersey
November 25, 2024
There are two main types of restraining orders you can obtain in New Jersey: Temporary Restraining Order (TRO) A Temporary Restraining Order (TRO) is an emergency measure you can file to obtain immediate protection from your abuser. This order can be issued without the abuser being present in court. The goal is to provide urgent protection while ...
- NJ Takes Bold Step to Protect Workers from Heat-Related Risks: Bill A.B. 5022
November 22, 2024
In the United States, 986 workers died from heat exposure between 1992 and 2022, with the construction industry accounting for 34% of all deaths. Although the U.S. Occupational Safety and Health Administration (OSHA) has discussed creating a federal heat safety standard, none currently exists and there is no clear timeline for federal action. On November 18, ...
- Dividing Cryptocurrency in a New Jersey Divorce: What You Need to Know
November 21, 2024
Cryptocurrency has become an increasingly popular investment and asset class in recent years. As digital currencies like Bitcoin, Ethereum, and others continue to gain mainstream acceptance, they are also becoming more common in divorce proceedings. In New Jersey, as in many other states, the division of assets during divorce can be complex, and cryptocurrencies present ...
- AI Transcripts and Investment Advisers: Embracing Technology While Meeting SEC Requirements
November 19, 2024
AI Transcripts in Investment Advisory There has been a boom recently regarding investment advisers’ use of artificial intelligence (“AI”) to transcribe client and internal meetings. Among other applications, AI features such as Zoom AI Companion, Microsoft Copilot, Jump, and Otter.ai (collectively, “AI Meeting Assistants”) can assist with drafting, transcribing, summarizing and prompting action items based on ...
- The Economic Loss Doctrine’s Preclusion of Tort Claims Related to a Breach of Contract
November 18, 2024
In the context of a breach of contract action, one very important, often misunderstood, legal doctrine is the economic loss doctrine. In general, the purpose of this legal doctrine is to prevent a breach of contract case from devolving into a creative pleading contest, which can become unnecessarily cluttered with tort claims that will only ...
