- 99 Cents Only Is Not Enough to Avoid Chapter 11 Bankruptcy
April 8, 2024
Number Holdings, Inc. the parent company of 99 Cents Only Stores LLC (“99 Cents” or the “Company”), an extreme value retail store operator, along with several affiliates, filed for Chapter 11 bankruptcy protection in the District of Delaware Bankruptcy Court, docket #24-10719 (JKS) on April 8, 2024. The Company is headquartered in Tustin, California and operates ...
- $6.5 MILLION TEXTING PENALTY: Investment Adviser Charged by SEC for Recordkeeping Failures
April 5, 2024
On April 3, 2024, the Securities and Exchange Commission announced charges against a registered investment adviser for recordkeeping failures regarding personal device communications and pre-clearance of securities transactions in employees’ personal accounts. The firm was charged and agreed to pay a $6.5 million dollar penalty and to implement improvements to its compliance policies and procedures. ...
- Types of Guardianships in New Jersey
April 4, 2024
If you are considering seeking a guardianship of an individual or have been named as an interested party to such an application, it’s crucial that you understand the types of guardianship that exist in the State of New Jersey. This knowledge will empower you to make informed decisions. In general, there are two main types ...
- Road Safety Tips for Motorists, Cyclists, and Pedestrians
March 26, 2024
As spring arrives and the weather is warming up, more and more people are spending time outdoors. After a particularly cold winter this past year, it’s refreshing to finally enjoy the outdoors and do some fun things we missed out on over the past few months. This is an excellent time to remind all drivers ...
- SEC Settles Charges Against Investment Advisers for Misleading AI Claims
March 21, 2024
Background On March 18, 2024, the Securities and Exchange Commission announced settled charges against two SEC registered investment advisers for making false and misleading statements about their purported use of artificial intelligence (“AI”). The firms agreed to settle the SEC’s charges and pay $400,000 in total civil penalties. Cause of Action One firm’s charges arose from four years ...
- New Mexico Trial Court Upholds Admissibility of Diffusion Tensor Imaging (DTI)
March 18, 2024
In a recent judicial ruling that adds to the growing body of case law affirming the legal acceptance of advanced medical imaging techniques, the court once again endorsed the admissibility of Diffusion Tensor Imaging (DTI) as a credible method for diagnosing traumatic brain injuries. This particular verdict was rendered in the context of the litigation ...
- Capacity to Execute a Last Will and Testament
March 18, 2024
When an individual executes a Will near the end of their lives, or at a time that they are suffering from emotional or physical trauma, a question may arise whether the decedent had sufficient capacity to execute their Last Will and Testament. As such, it is important to evaluate their physical/mental status in consideration of ...
- JOANN’s Chapter 11 Bankruptcy Filing: Stitching Together a Reorganization
March 18, 2024
JOANN, Inc., aka Jo-Ann Stores Holdings Inc. aka JOANN aka Jo-Ann Fabrics and Crafts, the 80-year-old, Ohio-based, arts-and-crafts operator filed for Chapter 11 bankruptcy protection in the District of Delaware Bankruptcy Court, docket #24-10418 (CTG) on March 18, 2024. According to The New York Times, the retailer has a deal with its lenders for a $132 million cash ...
- What is Undue Influence in the Context of a Will Contest?
March 13, 2024
During a Will contest, a party challenging a Will may assert that the Will was the product undue influence being exerted over the decedent by the party who benefited by the disputed Will. The question arises: What is what is undue influence and how can it be demonstrated? This blog will discuss the general definition ...
- Changes to Foreclosure Sales Under New Jersey’s Community Wealth Preservation Program
March 5, 2024
In January 2024, Governor Phil Murphy signed into law the Community Wealth Preservation Program (CWPP), amending N.J.S.A. 2A:50-64 & N.J.S.A. 22A:4-8, which expanded the rights of certain purchasers before and at sheriffs’ sales of residential properties and made comprehensive changes to the foreclosure sale process for both residential and non-residential properties. Lenders should contact an ...