Terminal Construction Corp. has appealed a decision from a superior court judge that upheld the awarding of a construction contract to build the Bergen County Justice Center given to a rival company. A state appellate judge issued a temporary stay on Aug. 4 for the...
Business Law Professionals
Year: 2014
When New Jersey business owners should update business plans
Businesses frequently run into new problems as well as opportunities, so sometimes it is a good idea to review an organization's policies and goals. It is not necessary to completely rewrite an existing business plan, but there may be areas where the process currently...
Business structure options for New Jersey residents
If someone is considering opening a business, there are a variety of things to consider, including how they will structure their commercial endeavor. The different types of businesses include sole proprietorships and partnerships, limited liability companies and...
Business Logic to be paid $61 million for intellectual property
New Jersey residents may be interested in the outcome of an intellectual property dispute between Morningstar Inc. and Business Logic Holding Corp. According to the terms worked out in the agreement, Morningstar will pay $61 million to Business Logic in exchange for a...
Lawsuit filed over $66 million contract
A construction company based in the borough of Wood-Ridge filed a lawsuit in New Jersey on July 7 in an attempt to get the award for a $66 million contract overturned. The plaintiff claims that the winning bidder of the contract doesn't have the electrical...
HP victorious after lawsuit is dismissed
New Jersey investors may have heard that Hewlett-Packard Co was victorious in a securities fraud lawsuit. The plaintiffs were led by Retail Wholesale & Department Store Union Local 338 Retirement Fund. None of the parties involved in the trial offered any comments...
$350,000 settlement in fraudulent bank transfer case
New Jersey businesses may be interested in the story of one company who has settled a potentially-lengthy litigation over a data security breach. The dispute has gone away, but one of the parties wishes that the issue went to trial.In November 2011, 12 fraudulent...
Court rules against Coke
New Jersey residents and others across the country might be paying more for their Coca-Cola products if the soda manufacturer continues to lose in court. The most recent business dispute arose after a juice maker claimed that Coke's pomegranate juice is not all...
Businessman purchases newspaper for $88 million
New Jersey residents may be interested in the latest acquisition of a major Philadelphia newspaper by a local philanthropist and businessman. The purchase is the result of a falling out between former business partners who previously owned the paper. The Philadelphia...
Lawsuit alleges third-party energy supplier fraud
New Jersey state agencies have initiated a civil action against three third-party suppliers of energy. The lawsuit alleges that the three energy providers falsified promises of reductions in monthly billing to hundreds of their customers. The lawsuit asks for recovery...