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Budget-friendly Spirit Airlines filed for Chapter 11 Bankruptcy protection in November 2024, marking a significant moment for the airline industry. After years of mounting losses, a failed merger attempt with JetBlue Airways, and escalating operational costs, Spirit is now restructuring in an effort to regain stability. Spirit is the first major U.S. airline to file …
Business Owners must protect themselves from liability to the fullest extent possible. Without sufficient coverage, a lawsuit could jeopardize the financial stability of their business. While primary liability insurance provides essential protection, it may not be enough to cover all potential claims. An Umbrella Insurance Policy offers additional coverage, helping businesses mitigate financial risks associated …
This week, a fast-moving wildfire scorched over 8,500 acres in Ocean County, New Jersey, causing sudden evacuations, power outages, and road closures. The scale and speed of the “Jones Wildfire” left little time to prepare, reminding New Jersey homeowners that the impacts of natural disasters extend far beyond physical destruction, especially when it comes to …
Janus Henderson has entered into a major partnership with Guardian Life, giving the investment firm a larger role in managing insurance assets. As part of the deal, Janus Henderson will manage $45 billion of Guardian Life’s bond portfolio. Guardian Life will also invest up to $400 million to support new projects at Janus Henderson, including …
Business partnerships are grounded in trust, mutual understanding, and clear agreements. However, when a partner violates their duties, it can cause significant disruptions and harm the business. In New Jersey, business owners facing a breach of duty by a partner have specific legal options available to protect their interests and ensure the business remains viable. …
Contracts are the foundation of most business agreements. Whether it involves suppliers, employees, or clients, a well-drafted contract is the basis for mutual understanding and compliance. However, when one party fails to meet its obligations, disputes can arise, potentially leading to breach of contract claims. Fortunately, businesses can take proactive measures to minimize risks and …
Genetic testing company 23andMe filed for bankruptcy late Sunday night following a dramatic decline from its $6 billion valuation to a penny stock. Co-founder and Chief Executive Officer Anne Wojcicki resigned by mutual agreement but will remain on the board. Chief Financial and Accounting Officer Joe Selsavage has been appointed interim CEO. Shares dropped nearly …
When businesses and property owners invest in insurance, they expect their policies to provide financial protection in times of crisis. However, trust issues often arise when insurers delay claims, deny valid coverage, or fail to account for legal ownership structures—such as when property is held in a trust. Understanding these challenges can help business owners …
A secret mortgage “blacklist” is leaving homeowners throughout the country struggling to sell their condominiums. The list, maintained by Fannie Mae, includes condo associations that the mortgage finance giant deems as having inadequate property insurance or requiring critical building repairs. The consequences can be severe, making it significantly harder for potential buyers to secure financing. …
Herold Law, P.A. is pleased to announce that Shareholder Robert F. Simon, Esq. and Associate Connor E. Phalon, Esq. have been honored for their legal excellence by being named to the 2025 New Jersey Super Lawyers and Rising Stars lists, respectively. Robert F. Simon, Esq. concentrates his practice on land use and zoning, land use …
Herold Law, P.A., provides a full range of legal services for businesses in New Jersey, New York, and Florida. To speak with a legal professional experienced in your area of need, call 908-679-5011 or complete our simple intake form on our website to schedule a consultation. While located in Warren, New Jersey for the convenience of our New Jersey clients, we also serve clients in New York and Florida.
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