Top Things to Consider If Your Recession Planning Involves a Reduction in Force or Layoff By Christopher M. Santomassimo, Powered by OGC Solutions® The Think Factory™ Unless you’ve been on a sabbatical with no Wi-Fi access, you’ve been bombarded with news about an impending recession. Some economists believe that it has already begun. In response…

Santomassimo Davis LLP Legal Alert December 21, 2020   As most employers have learned over the course of 2020, managing a workforce through the COVID-19 pandemic can be difficult given many new complexities and updated standards.  As Americans begin to receive the vaccinations approved by the Food & Drug Administration (FDA) under Emergency Use Authorizations…

Santomassimo Davis LLP Legal Alert Make no mistake: The coronavirus pandemic has thrust employers into uncharted waters. As they attempt to get back to business, “there are so many new rules of engagement that you’ve got to create a brand new playbook,” says Chris Santomassimo, a partner at Santomassimo Davis LLP, a New Jersey-based firm…

NJ Court: Infringement Suit Covered By General Liability Policy   A recent decision from the New Jersey Appellate Division confirms that general liability policies provide broad coverage for certain types of intellectual property claims. This often-overlooked coverage — for “advertising injury” — is included in standard form, general liability insurance policies. In Superior Integrated Solutions, Inc….

NJ Prompt Payment Act Compels Payment on Construction Projects After completing a construction project, contractors are often faced with the problem of collecting timely payment for approved work. In response to this problem, the New Jersey Legislature enacted the New Jersey Prompt Payment Act N.J.S.A. 2A:30A-2. This created a remedy to both general contractors and subcontractors when…

  Attention New Jersey employers: you may not terminate employees for failing a drug test due to their medical marijuana use. On March 10, 2020, the New Jersey Supreme Court decided that medical marijuana patients in New Jersey are protected by the New Jersey Law Against Discrimination (NJLAD), which means if an employee is terminated…

New Jersey Bans Non-Disclosure Agreements For Harassment Or Discrimination Claims   Your to-do list probably got longer on March 18. That day, Governor Murphy signed a major new law widely seen as an answer to the #MeToo movement’s call for more openness about discrimination, harassment and retaliation in the workplace. Known as S121, it bans non-disclosure agreements…

Important Elements Of Compliance Programs   New Jersey business owners and executives know they must operate their companies ethically and legally. The need for this is fueled in part by the need and desire to avoid costly fines that can be associated with compliance violations. However, a strong corporate compliance program can do more than…

IR Content On Corporate Website The websites of New Jersey companies that are publicly traded must feature special areas devoted to investor relations. This is a mandate of the U.S. Securities and Exchange Commission. Some of the information that appears on a typical investor relations website might be required but other information may be optional….

The Road To An IPO   Privately held companies in New Jersey who are considering making the switch to being publicly held often make this leap because of the public funding that would then become available to them. In short, an initial public offering is a capital-raising event and while it can be extremely lucrative…

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