Next week's U.S. presidential election could have far-reaching implications for the private equity industry, including changes to how it is taxed and what sectors it might consider ripe for investment, but experts say industry players remain confident in the ability to generate strong returns no 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
PE’s Rising Enchantment With Unconventional Fund Terms
Private equity professionals have toyed with the idea of raising funds with longer-than-usual lifespans and investment holding periods for years, and with a few firms already closing such funds in 2016, experts say nontraditional fund terms will become more prevalent as the industry chases higher 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
Justices Hear Arguments in $25 Million Accutane Verdict Appeal
Lawyers argued before the New Jersey Supreme Court Thursday over whether an appeals court erred in overturning a $25 million verdict against a pharmaceutical company because the plaintiff violated the statute of limitations in the state where he lives. A lawyer representing the plaintiff, Andrew Continue Reading
Good Intentions Do Not Always Lead To Good Outcomes
Lawmakers, business leaders, and attorneys gathered together on October 11 to discuss this important topic, with a particular focus on New Jersey’s Truth-in-Consumer Contract, Warranty and Notice Act (TCCWNA). What is TCCWNA? The Truth-in-Consumer Contract, Warranty and Notice Act is designed Continue Reading
Online Shoppers Using 35-year-old NJ Consumer Law Against Websites
More than three decades after its passage, a modest New Jersey consumer-protection law has become an Internet scourge, at least in the eyes of some companies.Passed in 1981 to ensure businesses did not mislead customers about their rights, the Truth in Consumer Contract, Warranty, and Notice Act Continue Reading
NJ Time Limits Should Apply To Accutane Case, Justices Told
The attorney for an Accutane user seeking to reinstate his $25 million jury verdict over the acne drug’s adverse effects urged the New Jersey Supreme Court on Thursday to apply the state’s statute of limitations rules to the case, emphasizing the Garden State’s role as a “vanguard” of pharmaceutical Continue Reading
McCarter & English Names New Managing Partner
Newark-based McCarter & English announced Monday it has named Joseph Boccassini its new managing partner at the firm. Effective Oct. 1, the appointment came after a unanimous vote by the firm’s executive committee. Boccassini replaced Stephen Vajtay, who is stepping down after six years in Continue Reading