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Law

Developers break ground on West Windsor office complex, home to new Hill Wallack HQ

In a ceremony Wednesday, Gottesman Real Estate Partners and Mountain Development Corp. broke ground on the two-building project known as Roszel Square, according to a news release. The first building is scheduled to be complete by early next year, with Hill Wallack set to occupy 43,500 square feet across the top two floors.Milton Charbonneau, a ...

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LeClairRyan adds 10 ‘bet the company’ attorneys to Newark office

The new hires have significant experience with “bet-the-company” cases, in which a company’s survival depends on the cost and outcome of a single lawsuit.Those new additions include four partners and six associates, all of which come from the global law firm Clyde & Co.Five professional staff members also are joining the firm.The attorneys have worked ...

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Weinberger Law Group opening new offices in Hackensack, Bernards

According to the announcement, the new offices are in addition to the firm’s Parsippany headquarters and Freehold office. The Hackensack office, located at 411 Hackensack Avenue, # 200, will primarily serve clients in northern New Jersey. The Basking Ridge office is at 233 Mt. Airy Road, Suite 100 and will focus on clients in southwest ...

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N.J. getting 150M in settlement with mortgage servicer

The company, the Atlanta-based Ocwen Financial Corp., will pay $2.1 billion in principal reduction, cash payments and other fees under the terms of the settlement in federal court, New Jersey’s acting attorney general said in a news release. The high-risk mortgage loans servicer was accused of causing premature and unauthorized foreclosures, as well as violations ...

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Parker Ibrahim Berg opens Philadelphia office

According to the announcement, the firm’s new office occupies the entire 11th floor of 7 Penn Center in Philadelphia. Parker Ibrahim & Berg also has an office at 5 Penn Plaza in New York City. Parker Ibrahim & Berg was recently recognized by the New Jersey Law Journal as one of the top five large ...

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Social Innovation Act, an N.J. bill seeking private investment in public health, advances

The bill, dubbed the “New Jersey Social Innovation Act” and released by the Senate Economic Growth Committee after a unanimous vote with amendments, is geared toward encouraging private investment in the field and keeping public spending down. Under the legislation, eligible entities would be provided with a loan funded by private investors administered by the ...

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PHH, state reach 6.25M consumer fraud settlement

“This settlement provides relief to a large number of individual consumers who were subjected to unacceptable mortgage servicing practices,” Hoffman said in a release. “It also ensures appropriate reforms in PHH’s mortgage-servicing operations.” The settlement requires no admission of wrongdoing or liability. It consists of $3.62 million in restitution for more than 2,000 borrowers across ...

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Assembly panel passes bill prohibiting companies from requiring contract disputes be settled out-of-state

The bill, which is sponsored by four Assembly Democrats, was released with a 3-1 vote by the Assembly Consumer Affairs Committee. Sponsors claim prohibiting requirements found in consumer contracts that disputes be settled out-of-state will help to level the playing field between consumers and businesses. “Consumers deserve fair consideration when it comes to resolving these ...

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Jersey City mayor calls Port Authority chairman’s claim of compliance wrong

Port Authority Chairman David Samson told NJBIZ this week his Authority is “in compliance” with its obligations, despite the recent $400 million lawsuit.But Jersey City Mayor Steven Fulop was quick to answer Samson’s claim. Fulop said on Twitter (embedded below), referring to the Authority’s delayed response as well as Samson’s claim, “they finally woke up ...

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