Tag: Trenton Nj

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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

TrentonĀ  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 ā€œCredit Suisseā€) that would resolve a lawsuit arising from the offer and sale of toxic residential mortgage-backed securities (ā€œRMBSā€) from 2006 to 2007 in the run-up to the 2008 financial crisis. Once final, the deal will be one of New Jerseyā€™s largest civil monetary recoveries in the stateā€™s history, and will include, among other things, approximately $300 million in restitution for investors nationwide.

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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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Murphy Administration Consolidates Controversial New Child Grooming Sex Curriculum Standards

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the staff of the Ridgewood blog

Trenton NJ, Senator Joe Pennacchio today chastised the Murphy Administration for the autocratic management of the New Jersey State Board of Education after several board members who opposed the controversial new sex curriculum standards were set to be replaced.

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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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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, Ā 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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Murphy Administration Takes No Action to Protect State Workers from 24% Increase in their Healthcare Insurance costs

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the staff of the Ridgewood blog

RidgewoodĀ  NJ, Senator Michael Testa today joined with hundreds of state and local employees in criticizing the Murphy Administration for their inaction to protect workers from as much as a 24% increase in their healthcare insurance costs. The State Health Benefits Commission is scheduled to hold a vote on the planĀ on Wednesday.

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Murphy Administration Ducking ā€œpostmortemā€ Investigation on Pandemic Failures

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the staff of the Ridgewood blog

Trenton NJ, Senator Joe Pennacchio blasted Governor Phil Murphyā€™s continued inactionĀ on a promised ā€œpostmortemā€ investigation of his administrationā€™s failed COVID-19 response in nursing homes and State-run veterans homes and stonewalling by Democrats of a legislative investigation.

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We Can All Unite Under Beer : New Breweries Bill to Allow Garden State Brewers Greater Freedom & More Control Over Their Businessā€™ Future

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Trenton NJ, Senator Michael Testa (R-1) introduced his breweries bill Monday in the State Senate to allow brewers more freedom and control over their small businesses which are growing jobs and opportunity across New Jersey.

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State Senate Republicans Call For Special Committee to Investigate Massive Increase in Public Employee Health Benefit Costs

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the staff of the Ridgewood blog

Trenton NJ, Senator Steven Oroho (R-24) and Senator Declan Oā€™Scanlon (R-13) have introduced legislation to form a special legislative committee with subpoena power to investigate massive proposed premium increases for the health plans that cover state government, local government, and school employees.

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Murphy Administration Temp Worker Billā€™s Burdensome Impact on NJ Businesses

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the staff of the Ridgewood blog

Trenton NJ, the New Jersey Business & Industry Association is opposing a bill today that will result in burdensome requirements, and possibly lawsuits, on temporary staffing agencies and the third-party companies that utilize them.

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Anti business ,Anti job Murphy Administration Misguided Payroll Tax Hikes

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the staff of the Ridgewood blog

Trenton NJ, Senator Michael Testa slammed the New Jersey Department of Labor (NJDOL) and the Murphy administration for their failure to notify business owners in a timely manner about new unemployment insurance payroll tax hikes.

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FUNDING FOR SPOTTED LANTERNFLY TREATMENT AVAILABLE TO ALL NEW JERSEY COUNTIES

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the staff of the Ridgewood blog

Trenton NJ, the New Jersey Department of Agriculture has announced that reimbursement funding is available for all New Jersey counties for treatment of the spotted lanternfly. The funding amount can be as much as $15,000 and possibly more. The funds will be given to counties for costs they accrue for chemical treatment activities associated with spotted lanternfly control.

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Murphy Administration more interested in investigating the price of admission to a Bruce Springsteen concert than the deaths of almost 10,000 people in nursing homes

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Trenton Democrats Muddled Priorities

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the staff of the Ridgewood blog

Trenton Nj, Senator Steven Oroho, Senator Joe Pennacchio and Senator Kristin Corrado today blasted Democrat leadership in Trenton for their response to the price of concert tickets.

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NJ Comptroller Reports on Widespread Excessive Sick Leave Payouts in 57 Municipalities

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the staff of the Ridgewood blog

Trenton NJ, The Office of the State Comptroller (OSC) released a reportĀ finding the overwhelming majority of the New Jersey towns it sampled are wasting taxpayer funds by making and agreeing to make excessive sick leave payments to public employees.Ā Ā 

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Rapidly Rising State Debt, Contradicts Murphy Administration Claims to the Contrary

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the staff of the Ridgewood blog

Trenton NJ, Senator Sam Thompson said the new state debt report issued today by the Treasury Department directly contradicts claims by Governor Phil Murphy and Treasurer Elizabeth Maher Muoio that they have reduced state debt.

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