In January 2022, Governor Murphy signed into law the New Jersey Insurance Fair Conduct Act (IFCA). The IFCA lets persons who make uninsured motorist/underinsured motorist (UM/UIM) claims sue for bad faith conduct by New Jersey auto insurance companies. The IFCA enables persons who make UM/UIM claims to sue their insurance carrier in three situations: When the insurance carrier “unreasonably” denies a claim for coverage or benefits; … [Read more...] about Bad Faith Conduct by New Jersey Auto Insurance Companies to Be Punished
Commercial Litigation
Oppressed Minority Shareholder Statute
Unfortunately, shareholders in small corporations, often family-run businesses, can have shareholder disputes that result in bruised egos and hurt feelings. Shareholders can make claims of mismanagement. Minority shareholders may have very little say in the day-to-day operation of the business. They may feel the controlling shareholders are abusing their authority by failing to pay dividends or by paying themselves overly generous salaries, … [Read more...] about Oppressed Minority Shareholder Statute