On Tuesday, it was announced that Kearny Financial Corp. will acquire Central Jersey Bancorp for $72.3 million. Kearny Financial Corp will pay in cash. The transaction between the two companies is pending approval by regulators and shareholders. Five months ago, Ocean...
Business Law Professionals
Month: May 2010
Hulk Hogan Files Lawsuit Alleging Infringement on Intellectual Property
Terry Bollea, better known to wrestling fans throughout the world as Hulk Hogan, filed a lawsuit against cereal giant Post earlier this year for repeatedly infringing on his intellectual property in a commercial for Cocoa Pebbles. The television ad in...
United-Continental Merger May Face Harsh Criticism
The proposed merger of United and Continental airlines will almost certainly face a difficult approval process. Both politicians and antitrust regulators are sure to raise questions about the merger and the effect it will have on consumers already concerned about...
New Jersey Business Formation Gets Complicated
Business transactions are complex, and the steps that go into a business formation are no different. Details of ownership and shares are of utmost importance to address and record thoroughly.The owners of Crystex Composites LLC in New Jersey have lived and learned...
Trial Begins in Dwyane Wade Breach of Contract Case
Court proceedings in the breach of contract case against Miami Heat basketball star Dwyane Wade is set to begin today in Miami, Fla. Today a panel of jurors will begin hearing opening statements from attorneys regarding a lawsuit initiated by the NBA star's former...
Acquisition of the New Jersey Nets Means Change for Team and NBA
New Jersey's NBA team, the Nets, has a new owner. In a recent business acquisition between developer Bruce Ratner and Russian entrepreneur Mikhail Prokhorov, $200 million bought Prokhorov the title of the Nets' majority owner. Prokhorov, 45, has made most of his money...
New Jersey-Based Avis to Offer Dollar Thrifty More in Acquisition
Avis Budget Group Inc. has thrown a wrench in what was an ongoing negotiation between Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group. Both Hertz and Avis are looking to buy out Dollar Thrifty, a business acquisition that will change the face of the...
New Jersey Court Hears Sands Casino’s Breach of Contract Case
A New Jersey case involving a former Sands Casino employee is back in court. The plaintiff brought various charges, including breach of contract, against the NEC Corporation of America (NEC) in July, 2009 after having been injured due to the company's alleged...
Continental-United Airlines Merger Impacts New Jersey
This past weekend marks a change for one of New Jersey's biggest employers, Continental Airlines. On May 2, Continental and United airlines agreed to a $3 billion merger. The new company will go by the name of United and be based in Chicago, a change that threatens...