Category: Trenton

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Credit Suisse Reaches $495 Million Settlement to Resolve Allegations of Fraud and Deceit in Sale of Toxic Mortgage-Backed Securities that Fueled 2008 Financial Crisis

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the staff of the Ridgewood blog

Trenton  NJ, the Office of the Attorney General announced today that the New Jersey Bureau of Securities has reached a $495 million agreement in principle with Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and DLJ Mortgage Capital, Inc. (collectively “Credit Suisse”) that would resolve a lawsuit arising from the offer and sale of toxic residential mortgage-backed securities (“RMBS”) from 2006 to 2007 in the run-up to the 2008 financial crisis. Once final, the deal will be one of New Jersey’s largest civil monetary recoveries in the state’s history, and will include, among other things, approximately $300 million in restitution for investors nationwide.

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Public Education Victim of “Woke political agendas, cancel culture and sexual indoctrination”

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the staff of the Ridgewood blog

Trenton NJ, the impact of the pandemic on education is becoming clearer with news the average ACT test score sunk to its lowest point in 30 years, and Senator Joe Pennacchio today said botched government policy is largely to blame.

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NFL’s Tyreek Hill Demonstrates How NJ’s High Taxes Impact Behavior

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thew staff of the Ridgewood blog

Trenton NJ, Senator Declan O’Scanlon said NFL star wide receiver Tyreek Hill perfectly demonstrated New Jersey’s tax problem when he explained why he chose to be traded to the Miami Dolphins instead of the New York Jets: “It was very close to happening, but it was just those state taxes, man.”

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Legislation Introduced to Close Pension Forfeiture Loopholes for Convicted NJ Public Officials

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the staff of the Ridgewood blog

Trenton NJ, Senator Kristin Corrado has introduced legislation that will strip public officials of their pensions if they are convicted of certain serious crimes that touch on their office or employment.

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New Jersey Announces $500K to Expand Small Business Exporting

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the staff of the Ridgewood blog

Trenton NJ, the New Jersey Department of State’s Business Action Center has announced today that it has been awarded $500,000 in federal funds for the State Trade Expansion Program (STEP) to support new-to-exporting food and beverage manufacturers in underserved business communities.

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Is Governor Murphy Squashing Dissenting Viewpoints on State Board of Education

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the staff of the Ridgewood blog

Trenton NJ, Senator Jim Holzapfel, Assemblymen Greg McGuckin, and Assemblyman John Catalano (all R-10) said Governor Phil Murphy is attempting to squash any dissenting viewpoints on the New Jersey State Board of Education with new nominations announced yesterday.

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14 Corrections Officers Indicted on Conspiracy, Misconduct Charges in Inmate Assaults at Edna Mahan Correctional Facility

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the staff of the Ridgewood blog

Trenton NJ, a state grand jury today voted to indict 14 corrections officers who were charged after a January 2021 incident at the Hunterdon County-based Edna Mahan Correctional Facility for Women, in which inmates were forcibly removed from cells and some were beaten, leaving two of the victims severely injured.

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Governor Murphy Delusional to Think He’s “Prepared” to Accept Illegal Immigrants from Other States

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the staff of the Ridgewood blog

Trenton NJ, Senator Jim Holzapfel, Assemblyman Greg McGuckin, and Assemblyman John Catalano (all R-10) said Governor Murphy is delusional if he thinks New Jersey is “prepared” to accept illegal immigrants that might be transported from other states when his administration has failed to deliver basic government services to New Jersey residents.

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New Jersey Chamber of Commerce : 69% of Business Executives said New Jersey is Unfriendly to Business

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the staff of the Ridgewood blog

Trenton NJ, Nearly seven in 10 business executives (68%) said they believe the U.S. economy has entered a recession, and vast majority of them (71%) believe it will last longer than a year, according to a survey of business executives conducted by the New Jersey Chamber of Commerce. The results were released today.

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Attention Bergen Business Free ‘Resources for Growth’ Event Connects Businesses with Government Agencies

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Trenton NJ,  More than 15 state agencies and partners will meet with New Jersey businesses on Wednesday, September 21, 2022 from 2 p.m. to 5 p.m. at Rowan College, Burlington County Campus in Mt. Laurel, NJ.

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Murphy Energy Mandates , “nothing short of a man-made economic disaster”

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NJ Manufacturers Will Be Hard Hit by Shocking Energy Mandates

the staff of the Ridgewood blog

Ridgewood NJ, in less than 90 days, the New Jersey Department of Environmental Protection is expected to enact new rules that could cost manufacturers, businesses, public schools, and apartment complexes millions of dollars to convert boiler systems to electric.

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NJ State Park Police Officer Accused of Spending $160K in Police Union Funds on Meals, Trips and Personal Expenses

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the staff of the Ridgewood blog

Trenton NJ,  Acting Attorney General Matthew J. Platkin today announced that a grand jury has indicted a New Jersey park police officer who was charged with improperly spending about $160,000 in funds from two police unions he led, using the money for personal meals at upscale restaurants, airfare and out-of-state outings not related to union business.

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During an eight-day stretch the NJ State Police Intelligence and Criminal Enterprise Section Arrests 25, Recovers 18 Guns, 32.5 lbs of Pot and over 45 bricks of Heroin

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the staff of the Ridgewood blog
West Trenton NJ, the NJ State Police the Intelligence and Criminal Enterprise Section, which falls under the Investigations Branch, and the important role they serve. Their mission is to identify, target, investigate, and assess individuals and groups, and exploit associated information and intelligence, involved with the commission or facilitation of organized, enterprise, and violent serial crime occurring in or impacting the State of New Jersey.

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The New Jersey Department of Health : Three male residents tested positive earlier this month for West Nile virus, in Bergen, Morris, and Ocean counties

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the staff of the Ridgewood blog

Trenton NJ, The New Jersey Department of Health has confirmed the state’s first human cases of West Nile Virus (WNV) this year.

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New Jersey’s Innovation Economy Continues to Lag Region

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the staff of the Ridgewood blog

Trenton NJ, NJBIA’s updated 2022 Indicators of Innovation report, a comprehensive examination of how New Jersey’s innovation economy compares to other regional states, shows the Garden State slipping slightly in overall score and position from the 2020 report, but also taking key steps which could improve its future standing.

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