U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co for a revamped Air Force One - one of the most prominent symbols of the U.S. presidency - saying costs were out of control. It was the latest example of Trump using his podium, often via brief Continue Reading
Windfall Recipients May Need Lawyers to Help Protect Them From Themselves
You could say Laura Kelly is in the big-money end of the legal profession. But for Kelly, a partner practicing wealth preservation and estate planning at McCarter & English in Newark, New Jersey, much of that money belongs to her often newly wealthy clients. Kelly advises lottery winners, Continue Reading
Carrier Gets State Incentives, Trump Pledge for Keeping U.S. Jobs
United Technologies Corp's (UTX.N) Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state rather than moving them Continue Reading
State-of-the-Industry Report: Key Trends, Issues and a Conversation with NJDEP Commissioner Bob Martin
NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION (NJDEP) Commissioner Bob Martin has been a driving force for change in how the NJDEP and the business community work together. “This year we are completing our second round of customer service training to build on the success of the first round,” Continue Reading
Overtime Rule Injunction Complicates Employers’ Plans
A federal judge’s decision to block the Department of Labor’s new overtime regulation from going into effect Dec. 1 adds a new headache for employers already grappling with how to comply with the rule: Should they roll back changes that have already been put in place, such as awarding raises or Continue Reading
U.S. Arms Export Boom Under Obama Seen Continuing with Trump
U.S. defense contractors, which saw international sales rise strongly under President Barack Obama's administration, can expect a continued boom in arms exports under Donald Trump, aided by persistent security risks in the Middle East and rising tensions in Asia and Europe. Shares of major Continue Reading
Pa. High Court Case May Expand Insurers’ Bad Faith Exposure
A health insurer recently asked Pennsylvania's high court to overturn an appellate decision loosening the standard for punitive bad faith penalties in a case over a cancer insurance claim that experts say could lead to a surge in bad faith claims by policyholders if the justices find that ill intent Continue Reading
Palantir Prevails in Lawsuit Over U.S. Army Contracting Practices
Data-mining software firm Palantir Technologies Inc. prevailed in a lawsuit against the U.S. Army that means the company could be eligible for a $200 million contract. A federal judge in the U.S. Court of Federal Claims issued an oral ruling in the case Monday, siding with Palantir in its Continue Reading
Insurers Concerned As New Legal Guidelines Are Drafted By Prominent Group
Insurers are concerned by the early returns from the American Law Institute as it dedicates one of its Restatements to liability insurance – a project that could result in suggested new guidelines for judges handling those cases. The ALI completed its most recent session dedicated to its Continue Reading
Fighting Website Suit, Vita-Mix Points To Similar Dismissal
Acting on behalf of blender maker Vita-Mix, Mr. Kott told a New Jersey federal judge on Wednesday that the recent dismissal of a similar suit by a judge citing the U.S. Supreme Court's Spokeo ruling casts a shadow on the class action against the company over its website terms of use. Kott wrote Continue Reading