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Stark & Stark Shareholder Named President-Elect of Community Associations Institute of New Jersey A. Christopher Florio, Shareholder and member of Stark & Stark's Community Associations group, was appointed to serve on the Community Association Institute of New Jersey's 2009 Board of Directors, and was named as President-Elect for 2010. CAI-NJ is the New Jersey Chapter of the Community Associations Institute (CAI), a national non-profit organization dedicated to fostering vibrant, responsive, competent community associations and helping them promote harmony, community and responsible leadership. CAI-NJ is the second largest chapter (of 56 chapters) in the United States and provides continuous education and resources to help our nearly 2,000 members, including 1,200 community association volunteer leaders, stay abreast of current community association issues and events in the State of New Jersey. Mr. Florio has extensive experience in the negotiation of loan transactions, work-outs, and real estate law including foreclosures. Mr. Florio also has ....
Stark & Stark Shareholder Discusses Rise of Bankruptcies for NJN News Timothy P. Duggan, Shareholder of Stark & Stark's Bankruptcy & Creditor's Rights group, was interviewed for an NJN News story discussing Governor Corzine's economic stimulus bill and the recent rise of unemployment and personal bankruptcies in New Jersey. As the number of Chapter 7 bankruptcies more than doubled from 7,200 in 2006 to 16,955 in 2008, Mr. Duggan states that people are just not able to make mortgage payments in addition to their every day living expenses, and are therefore forced into bankruptcy. You can watch the full story here. ....
Bill Singer Comments on Bernard Madoff Fraud Charges Securities shareholder Bill Singer's Broke and Broker blog was recently cited in an article by The Associated Press regarding the unfolding securities fraud scandal involving Bernard L. Madoff. Madoff is accused of securities fraud for allegedly running a phony investment business that lost at least $50 billion. Mr. Singer's comments discussed how the securities industry's self policing agency, the Financial Industry Regulatory Authority (FINRA), was unable to prevent a scam of this magnitude from taking place. UPDATED: 12.15.08: Watch Bill Singer's interview about the Madoff scandal with CBC's Jacquie Perrin here (runs 4:41). UPDATED: 12.16.08: Listen to Bill Singer's interview with Marketplace's Jeremy Hobson here. (runs 3:20). ....
The Eroding 'At-Will' Employment Doctrine Thomas B. Lewis, Shareholder and member of Stark & Stark's Employment Litigation group, and Michael J. Brittan, member of Stark & Stark's Employment Litigation group, authored the article The Eroding ‘At-Will' Employment Doctrine for the December 8, 2008 edition of the New Jersey Law Journal. The article discusses the history and basic principles of an "at-will" employee relationship. The article also stresses the need for employers to include a prominent, clear and conspicuous disclaimer at the beginning of their employee handbook, and any other relevant documents, stating that nothing in the handbook or other documents changes the “at-will” nature of the employment relationship, nor does it create a contract for employment. You can read the full article here. (PDF) ....
Stark & Stark Shareholder Comments on Advances in Broker Recruitment Protocol Thomas B. Lewis, Shareholder and Chair of Stark & Stark's Employment Litigation group, was quoted in the December 2, 2008 Reuters.com article, Financial advisory firms sign pact to ease poaching. Mr. Lewis comments on the recent independent advisory firms who are rushing to sign an agreement that bars lawsuits between signatories that hire away each other's brokers. Mr. Lewis states that with the new agreement, also commonly referred to as broker recruitment protocol, registered investment adviser firms can now recruit with less fear of litigation from a major house with deep pockets. You can read the full article here. ....
Stark & Stark Shareholder Discusses The Impact of the Economic Crisis on the Family Bill Singer, Shareholder of Stark & Stark's Securities group, was a featured panelist for the November 25, 2008 Forbes.com article What To Tell Your Kids About The Markets. The article addresses the rising concerns both parents and children are facing when it comes to payment for college tuition. Mr. Singer advises parents to diversify their child's college funds by investing in various large-cap exchange-traded funds (ETFs), or maybe a diversified water fund. Mr. Singer also advises parents to urge their children to get part-time jobs now, in case that still is not enough. You can read the full article here. ....
Stark & Stark Shareholder Comments on Upside to Market Volatility Bill Singer, Shareholder of Stark & Stark’s Securities group, was interviewed in the November 24, 2008 Forbes.com article Those Heart Attack Markets: Fear is on the rise and the Forbes.com Investor Team says it won't dissipate for months. While most investors are focused on the devastating effects the recent market has had on almost every aspect of the investment industry, Mr. Singer discusses a bright side. Mr. Singer states that an increasingly volatile market will result in stronger regulation of the options market, and will benefit everyone in the long run. You can read the full article here. ....
Stark & Stark Shareholder Quoted in Star Ledger Article Real Estate Tax Appeal Shareholder, Timothy P. Duggan, was quoted in the November 22, 2008 Star Ledger and Trenton Times article Reducing property taxes is possible, but not likely. The article discusses the recent rise in the number of homeowners filing for property tax appeals in New Jersey in the wake of the declining housing market and recent economic downturn. Mr. Duggan advises homeowners to take the necessary preliminary steps in understanding the tax appeal process in order to increase the chances that their appeal is heard and granted. You can read the full article here. (PDF) ....
Stark & Stark Shareholder Discusses Economic Outlook for 2009 Bill Singer, Shareholder of Stark & Stark’s Securities group, joins Matthew Lloyd, of Advisors Asset Management, and Greg Ghodsi of Raymond James, in the November 24, 2008 article, Your Move, Mr. Geithner, on Forbes.com. The panelists addressed the recent economic downturn and what impact this will have on the market in 2009. Mr. Singer, Mr. Lloyd and Mr. Ghodsi discuss what the likelihood of a rebound in 2009 will be and to what degree, the effects the changes in stock prices will have, and what changes need to be made in 2009 in relation to investment decision making and risk management. You can read the full article here. ....
Stark & Stark Attorney Featured on Legally Speaking Michael J. Fekete, member of Stark & Stark's Business & Corporate group, was a featured guest on the Camden County Bar Foundation's weekly television talk show Legally Speaking on Sunday November 9, 2009. Mr. Fekete discussed the New Jersey Home Improvement Law, the Consumer Fraud Act and the Contractor's Registration Act. You can watch the full episode online here. ....
Beware What You Say, Don't Say and What You Print and Promise John Randy Sawyer, Shareholder and member of Stark & Stark's Construction Litigation group, authored the article Beware What You Say, Don’t Say and What You Print and Promise: Understanding of broad scope of potential liability under the Consumer Fraud Act for the New Jersey Law Journal's October 20, 2008 Real Estate, Title Insurance & Construction Law supplement. Mr. Sawyer provides a history of the New Jersey Consumer Fraud Act and cautions builders, contractors and developers who decide to build and sell homes in New Jersey to, at the very least, have an understanding of the broad scope of potential liability under the Act and use that knowledge as a filter for everything they say, don’t say, print and promise to New Jersey home buyers. You can read the full article here. ....
Stark & Stark Shareholder Serves as Panelist on Forbes.com's Investor Team Plays President Bill Singer, Shareholder of Stark & Stark's Securities group, was a featured panelist for the November 7, 2008 Forbes.com Investor Team Plays President panel discussion. Mr. Singer was joined by William Stone, Chief Investment Strategist for PNC Wealth Management, and John Osbon, Chief Investment Officer for Osbon Capital Management. The panelists discussed the state of Wall Street’s regulation, and what steps need to be taken going forward in order to turn the economy around. Mr. Singer emphasizes the immediate need for doing away with the Financial Industry Regulatory Authority and strongly encourages the elimination of self-regulation on Wall Street. You can read the full article here. ....
Stark & Stark Shareholder Comments on Bank of America Incentives Thomas B. Lewis, Shareholder and Chair of Stark & Stark's Employment group, was quoted in the November 6, 2008 Bloomberg.com article Bank of America Says Merrill Brokers Can Quit Without Penalty. Mr. Lewis commented on the recent announcement made to the roughly 15,500 brokers Bank of America acquired after buying Merrill Lynch this past September which said that they have the ability to quit without penalty, however, if they stay, they will qualify for a bonus of as much as 100% of their annual revenue. Mr. Lewis states that the memo was created in order to alleviate the concerns of senior Merrill brokers. You can read the fill article on Bloomberg.com here. (Also available in PDF here.) ....
Insolvency in Franchise Businesses: Minimizing Risk and Maximizing Recovery Under the Bankruptcy Code Timothy P. Duggan, Shareholder and member of Stark & Stark's Bankruptcy & Creditor's Rights group, will present a seminar entitled Insolvency in Franchise Businesses: Minimizing Risk and Maximizing Recovery Under the Bankruptcy Code in conjunction with the Legal Publishing Group of Strafford Publications. The 90-minute tele-seminar will be held Thursday December 4, 2008 from 1:00 PM - 2:30 PM. The seminar will feature a discussion of the weakening economy and it's effects on many franchises, ranging from restaurants to convenience stores to staffing services who are now seeking bankruptcy protection. The Bankruptcy Code addresses how franchise agreements are treated in bankruptcy; however, the Code does not resolve all of the unique issues that arise for franchisors and franchisees. It is critical that franchise counsel develop strategies to anticipate and protect against the fallout from bankruptcy. This teleconference will highlight key legal issues that arise during a ....
Protocol for Broker Recruiting Thomas B. Lewis, Shareholder of Stark & Stark's Employment and Litigation groups, authored the article Protocol for Broker Recruiting: How a Financial/Investment Advisor Can Use the Protocol to Transition Accounts for the September/October 2008 edition of the Investment Management Consultants Association's Investments & Wealth Monitor. The article gives a brief history of the origination of the Protocol for Broker Recruiting in 2004, and includes a question and answer section for recruiting and a list of do's and don'ts to follow under the Broker Protocol. You can read the full article here. (PDF) ....