Winter storm Juno is expected to hit this evening and last through Wednesday, impacting businesses from the Mid-Atlantic to New England. Millions may be affected by power outages and travel disruptions, and many may suffer property damage because of strong winds, coastal flooding, ice, and heavy Continue Reading
It’s That Time Again! Tax Appeals in Connecticut: Know When to File
The deadline for appealing local property taxes in Connecticut is approaching. If you are considering appealing local property taxes this year, the following is a general explanation of Connecticut’s appeal procedure and deadlines. Real and personal property is assessed as it exists on October 1 Continue Reading
Better SAFE Than Sorry? A New Way to Finance Startups
The game for fledgling companies and their investors is early-round, seed-stage financings, and there’s a new player in town. Already embraced by West Coast venture capitalists and start-ups, SAFEs – Simple Agreements for Future Equity – appear to be headed east and poised to move alongside, and Continue Reading
QSBS Tax Incentives Extended…For Now
What Happened? In the wee hours of December 16th, Congress passed H.R. 5771, the Tax Increase Prevention Act of 2014 (“TIPA”), a stopgap measure that, among other things, retroactively extends certain tax incentives that expired on December 31, 2013. President Obama signed the bill into law on Continue Reading
After New Connecticut Law, Sharing the Road also Means Sharing the Costs
Connecticut has enacted a new law, Public Act 14-67 (the “Act”), that now by statute allocates the costs to maintain, repair, and restore private easements and rights-of-way among certain users of those rights. The Act took effect on October 1, 2014. According to the Act, the owner of a one- Continue Reading
Landlords and Tenants Beware: Option Contracts and the Substantial Compliance Standard
In Pack 2000, Inc. v. Cushman, 311 Conn. 622 (2014), the Connecticut Supreme Court recently applied a “substantial compliance” standard to the exercise of tenant options contained in a lease, including purchase options. According to the Supreme Court, when the exercise of an option is Continue Reading
Court Clarifies Law on Enforceability of Obligations of Non-Signatories in Private Mergers
In a fact-specific case with potential ramifications for future mergers under Delaware law, Cigna Health and Life Insurance Co., a preferred stockholder of Audax Health Solutions Inc., whose shares were extinguished by a merger that closed in February 2014, secured a declaration permitting it to Continue Reading
NJ Spill Act Contribution Rights in Jeopardy Under Proposed Bill: Points to Consider
A bill (A-3880/S-444) recently introduced in both houses of the New Jersey legislature would prevent companies and private individuals from exercising their existing contribution rights under New Jersey’s Spill Act to recover cleanup and removal costs, or any other damages, associated with a Continue Reading
What the President’s Executive Action on Immigration Means to Your Business and Employees
The President’s Immigration Accountability Executive Action holds the promise of major improvements to the ability of foreign national talent and their families to enter, work, and remain in this country while going through the seemingly endless process of obtaining lawful permanent resident status. Continue Reading
New Jersey Launches Energy Resilience Bank
New Jersey has recently launched the New Jersey Energy Resilience Bank (ERB), a public infrastructure bank focusing on energy resilience. As part of Governor Christie’s continuing efforts to minimize the impact of future major power outages and increase energy resiliency of critical Continue Reading