The Internal Revenue Service recently announced retirement contribution limits for 2018 adjusted for cost-of-living considerations. Below is a chart of the 2018 calendar year limits, together with those from 2017. General Plan Limits Annual Limit per Individual20172018 Elective Continue Reading
Volkswagen Settlement Offers Funding for Clean Transportation Upgrades
Local governments and businesses considering investments in clean transportation projects may find funding opportunities resulting from partial settlements in the Volkswagen “clean diesel” emissions litigation. The U.S. District Court for the Northern District of California recently approved the Continue Reading
EC to U.S.: The (Privacy Shield) Kids are Alright.
The Privacy Shield agreement struck between the European Commission (“EC”) and the U.S. Department of Commerce (“Commerce”) gave the EC a right of annual review to determine if all aspects of the Privacy Shield are being completely and adequately implemented by U.S. authorities.The EC conducted its Continue Reading
Newark Residential Developers: New Affordable Housing Requirement May Cost You
Developers of new residential projects in Newark may need to factor in affordable housing following the Newark City Council’s recent adoption of a zoning ordinance requiring most future residential development projects involving new construction of more than 30 dwelling units or substantial Continue Reading
Dugan/Bozzi: The New Jersey Supreme Court Provides Shelter From the TCCWNA Storm
Last year, McCarter was the first law firm to warn of the perfect storm resulting from the organized plaintiffs’ bar’s vague and unconstrained interpretation of the Truth-in-Consumer Contract, Warranty and Notice Act (“TCCWNA” or “the Act”). (See If You Sell Online, Your Fine Print May Put You Continue Reading
DOE Requests FERC Fast-Track a Rule That Will Benefit Coal and Nuclear Plants
On September 28, 2017, the U.S. Department of Energy (“DOE”) took the unusual step of submitting a Notice of Proposed Rulemaking (“NOPR”) for consideration by the Federal Energy Regulatory Commission (“FERC”), now docketed by FERC as RM18-1-000. The NOPR proposes to compensate certain generating Continue Reading
“You Think He’s Gone? He’s Never Gone!”
In the movie “What About Bob?,” Dr. Leo Marvin’s Lake Winnipesaukee family vacation is interrupted by the unexpected arrival of a patient, Bob Wiley. After Dr. Martin forces Bob to leave, his family protests. Dr. Marvin shouts, “You think he’s gone? He’s never gone!” And to prove his point, Dr. Continue Reading
What do Gordon Ramsay and burgers have to do with Section 18-802 of the Delaware LLC Act?
As it turns out, quite a bit. In In re GR BURGR, LLC, C.A. No. 12825-VCS (August 25, 2017), Vice Chancellor Slights granted the petitioner’s motion for judgment on the pleadings to dissolve GR BURGR, LLC under 6 Del. C. § 18-802. Vice Chancellor Slights found, based on the facts admitted Continue Reading
Volkswagen Settlement Provides Funding Opportunities for Electric Utilities
The U.S. District Court for the Northern District of California has recently approved a long-awaited environmental mitigation trust agreement in the Volkswagen “clean diesel” emissions litigation that had been requested by the U.S. Department of Justice.1 The approval of the trust agreement Continue Reading
Anti-Reliance Provision in Merger Agreement Justifies Non-Payment of Working Capital Deficiency
Sparton Corp. v. O’Neil, et al., C.A. No. 12403-VCR (Del. Ch. Aug. 9, 2017) – In this opinion, the Delaware Court of Chancery addressed a situation in which a purchaser of a company discovered that the actual amount of working capital was less than the estimated working capital agreed to by the Continue Reading