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New Municipal Redevelopment Law Signed into Law in New Jersey

New Municipal Redevelopment Law Signed into Law in New Jersey by Patrick McNamara on September 20, 2013 Gov. Chris Christie has signed legislation that will change the rules for New Jersey redevelopment projects. The...more

New York Appellate Court Clarifies Fidelity Bond "Direct Loss" Requirement

In a unanimous July 16th decision, the New York Appellate Division held that MF Global, Inc.’s loss sustained on account of the commodities trading activities of its employee was a “direct financial loss” under MF Global’s...more

Employment Law -- Jun 19, 2013

Exempt or Nonexempt, That is The Question - Employers who believe in multitasking could be facing unpaid overtime suits from managers after the California Court of Appeal ruled that a grocery store manager could not...more

Insurance Coverage for Class Action Lawsuits

Upon learning that his obituary had been published in the New York Times, Mark Twain famously quipped, “Reports of my death have been greatly exaggerated.” The same can be said about class action lawsuit filings after the...more

New Rules Coming into Effect Affect Retirement Plans Entering into Swaps

New rules affecting ERISA-covered retirement plans entering into swap transactions will come into effect in May 2013. These rules, known as the “Business Conduct Standards,” implement certain provisions of the Dodd-Frank...more

District Court Declines to Hold Private Equity Funds Liable for Portfolio Company Withdrawal Liability

In Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund, a U.S. district court in Massachusetts held that investment funds managed by private equity firm Sun Capital Advisors, Inc. (“Sun...more

IRS Issues Guidance on the Deduction Limitation of Code Section 162(m)(6)

On December 23, 2010, the Internal Revenue Service issued Notice 2011-2, providing long-awaited guidance on the application of Internal Revenue Code (Code) section 162(m)(6) as added by the Patient Protection and Affordable...more

Financial Regulators Set Out To Get Their Man: Federally Mandated Bounties and Anti-Retaliation Provisions Designed to Regulate...

President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank" or the "Act") into law on July 21, 2010, with the objective of ushering in a new era of financial regulation and...more

Supreme Court Holds that ERISA Does Not Impose “Prevailing Party” Requirement for Award of Attorneys’ Fees

The U.S. Supreme Court ruled today in Hardt v. Reliance Standard Life Insurance Company, Case. No 09-448 (May 24, 2010), that the Employee Retirement Income Security Act of 1974 (ERISA) does not impose a “prevailing party”...more

Lang Michener InBrief Spring 2009

In This Issue LAW NOTES discuss a number of topics including the fiduciary duty of directors, shareholder approval and new Internet domains that can be used to provide customers, colleagues and family with...more

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