New Law Significantly Limits Viability of Certain Shareholder Derivative Suits in New Jersey On April 2nd, New Jersey Governor Chris Christie signed bill A-3123 into law and in doing so, significantly revised the law in New Jersey regarding shareholder derivative proceedings under N.J.S.A. §14A:3-6, etseq. The stated purpose of the new law is to temper…
Read more
Social Media and Discovery
Social networking sites, such as Facebook and MySpace, have become repositories of large amount of personal data. Increasingly this data is being viewed as relevant to all manner of litigation proceedings, and as such is increasingly being sought during discovery in civil litigation. Business and individuals that use social networking services should be aware of…
Read more
OlenderFeldman Quoted in State Farm’s “Fast Tracks”
When should you provide your social security number? State Farm asked us when sharing is required. State Farm contacted OlenderFeldman LLP to ask when sharing your social security number is appropriate: Think before revealing your Social Security Number (SSN). Its unauthorized use could lead to privacy invasion and identify fraud. Aaron Messing, an information privacy attorney…
Read more
New Jersey Prepares to Adopt Version of Revised Uniform Limited Liability Company Act
Pending approval by Governor Christie, New Jersey will adopt a new set of laws pertaining to the formation and operation of limited liability companies. By Joseph Olender In 2011, the New Jersey Assembly proposed Bill No. 1543, which would change the way that limited liability companies (LLCs) in the state are created and operate. The…
Read more