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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 …
One week after agreeing to pay a $95 million settlement to resolve a class-action lawsuit, Apple denied its digital voice assistant Siri poses any privacy concerns. The lawsuit claimed Siri recorded private conversations and shared them with third-party advertisers without consent. The plaintiffs alleged that Apple recorded private conversations through the accidental activation of Siri. …
Under recent federal law, Medicare now has the power to directly negotiate pricing with major pharmaceutical companies. The Inflation Reduction Act (IRA) empowered the Centers for Medicare and Medicaid Services (CMS) to negotiate the prices for certain prescription drugs. The intent was to secure cost savings for the government and ensure seniors’ access to some …
Life insurance is a critical part of financial planning that offers financial protection for your loved ones in the event of your death. However, with various policies available and important considerations to keep in mind, understanding how life insurance works and choosing the right policy can be overwhelming. At Herold Law, P.A., our New Jersey …
Financial considerations may strongly influence your decision-making when faced with an insurance coverage dispute. It is essential to assess each case objectively to optimize your financial recovery. Typically, you must choose between settling out of court or proceeding to trial, where a judge or jury will render a decision. Below, we explore the advantages and …
Directors and officers liability insurance, commonly known as D&O insurance, is an important safeguard for individuals who serve in leadership roles within a corporation. This insurance protects directors and officers from personal liability if they are sued for decisions made within their official capacity. Without D&O insurance, these individuals may be financially responsible for settlements …
Commercial litigation involves a dispute between businesses. Any other business involved in a controversy will likely hire an experienced lawyer to represent its interests, and you should do the same. Commercial litigation can be complex and drawn out; the stakes could not be higher. You should contact an experienced commercial litigation attorney early to provide …
Most commercial litigation cases will ultimately result in a settlement between the parties. This is a relief for the litigants, as they have too much risk and legal exposure to leave the case’s outcome to a judge or jury. A settlement allows both parties to exert some degree of control over the case’s outcome, providing …
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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