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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 …
Companies have increasingly faced government investigations into potential misconduct in recent years, leading to significant financial and reputational risks. Federal agencies like the Federal Trade Commission (FTC) and the Department of Justice (DOJ) have ramped up enforcement of antitrust laws, while the Environmental Protection Agency (EPA) has also been active in conducting high-profile investigations. For …
Data breaches are no longer a question of “if” but “when.” As a CEO or business leader, protecting your organization’s financial security and reputation should be a top priority. Proactive measures like freezing credit can safeguard your company from financial fraud, shield corporate accounts, and maintain your credibility with stakeholders, including insurance carriers. Freezing Credit: …
Bidding wars over houses are fading, and buyers are gaining more leverage over sellers for the first time in years. More sellers are lowering prices or offering incentives to close deals in today’s less competitive real estate market. According to real estate brokerage firm Redfin, the average home now sells approximately two percent below the …
The U.S. job market remains stable, but job switching has decreased as opportunities for better positions have become less common. According to a U.S. Department of Labor report, nearly 40 million Americans quit their jobs in 2024, down 11 percent from 2023 and 22 percent from 2022. Monthly resignation rates have fallen below pre-pandemic levels, …
A fiduciary duty arises when one party has a special relationship of trust with another. This principle is critical in limited liability companies (LLCs), where members and managers have specific responsibilities to each other and the company. A breach of these fiduciary duties can lead to significant legal disputes, potentially resulting in personal liability for …
In the world of business, disputes are inevitable. Whether they involve contract disagreements, partnership issues, or customer complaints, conflicts can arise at any point. When they do, businesses have several options for resolving the matter. While litigation—the process of taking a dispute to court—is one of the most traditional routes, it is often not the …
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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