New Jersey Law360 provides breaking news and analysis on legal and regulatory issues in New Jersey. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
A New Jersey state judge knocked down a challenge to the payroll tax Jersey City implemented on out-of-town employees, ruling Friday that the ordinance didn’t amount to constitutionally prohibited “special legislation” that targets specific populations.
Counsel for a defunct hedge fund called on a New Jersey state court Friday to cut a roughly $5.4 million compensatory verdict won by Fairfax Financial Holdings Ltd. and its subsidiary by the amount of blame attributed to settling defendants in an alleged scheme to lower the Canadian insurance company’s share price.
The New Jersey Supreme Court has disbarred an estate planning attorney who had admitted to stealing client funds and agreed to pay over $300,000 in restitution, according to an order made public Friday.
Counsel for Novartis Pharmaceuticals Corp. on Friday pointed to a New Jersey state jury’s “logically inconsistent” findings in urging a court to torpedo a roughly $1.8 million whistleblower award to a former company executive, but her attorney countered that the pharmaceutical giant consented to such a result during the trial.
A New Jersey borough failed to timely challenge a local hospital’s tax-exempt status, a New Jersey appeals court ruled Thursday, finding that the borough hadn’t presented sufficient evidence to justify using omitted assessment procedures.