Over the first nine months of 2012, the Atlantic Club Casino Hotel in Atlantic City, New Jersey had a gross operating loss of $13.6 million. In addition to these losses, the Atlantic Club's gambling revenue was down 11 percent in 2012 and it was ranked 10 of 12 in...
Business Law Professionals
Month: January 2013
New Jersey saw record job growth in December
New businesses can take many forms. There are corporations, partnerships and limited liability companies to name a few. Each of these business entities have significant differences that can impact the way the company is runs, how it pays taxes and how it starts and...
Kmart settles dispute with New Jersey
A business can face a lawsuit from any variety of sources. One source people may not consider commercial litigation to come from is the New Jersey state government. However, on occasion, New Jersey will sue a business for violation of some commercial practice or...
New Jersey city investigates possible breach of contract claim
In every contract, the parties' rights and obligations are defined within the terms. These terms should include what is expected from each party and how each of the obligations can be fulfilled. However, sometimes despite the contract terms a party fails to uphold the...
Pinterest sued by New Jersey resident over intellectual property
New Jersey businesses have the right to make money on the things that they make and sell. However, sometimes these things are not tangible. Often, businesses property includes intellectual property and, like all other forms of property, businesses have the right to...
Avis to acquire Zipcar in latest New Jersey rental car deal
Buying a company is a complex business transaction. Acquiring a new business generally requires months of cautious planning and expert negotiation. In order for some acquisitions to be successful, complex agreements must not only be crafted, but they must be...
Marketing campaign hopes to bring new businesses to New Jersey
When people are looking to start a business, they want to go to a place with a favorable business environment. For many people, the business climate in a particular state can be as important as any other business formation issue. Following Hurricane Sandy, New Jersey...
Litigation arises from New York Stock Exchange sale
Recently an $8.2 billion deal between the New York Stock Exchange Euronex and IntercontinentalExchange Inc. was reached. Under the terms of the deal, NYSE Euronex would sell itself to ICE for $33.12 a share. The deal should close by late 2013. However, this deal has...