New Uniform Prudent Management of Institutional Funds Act: Wider Discretion and Greater Risks for Managers of Endowment Funds
Effective June 10, 2009, the New Jersey Legislature adopted the Uniform Prudent Management of Institutional Fuds Act to govern charitable endowment funds, thereby repealing the Uniform Management of Institutional Funds Act, which had governed charitable endowment funds since 1975.
Landlord Consents: Reasonableness, Good Faith, and Remedies
Case law establishes that the universe of issues a landlord may consider in order to reasonably withhold its consent likely is much smaller than the universe of pertinent issues a typical landlord would consider to be reasonable.
April 21, 2009
Horizon Settlement of Class Action Over Eating Disorder Coverage is Approved
A federal judge gave final approval Tuesday to a class action settlement that requires Horizon Blue Cross of New Jersey to expand benefits for 1.5 Million eating disorder patients and pay up to $2.45 Million to the plaintiffs' lawyers.
April 08, 2009
Final OK Sought For Settlement In Eating Disorder Suit
The lead plaintiffs in a class action against Horizon Blue Cross Blue Shield of New Jersey Inc. over the way the insurer handles coverage for eating disorders have asked a federal judge to grant final approval to a settlement valued at more than $19 Million, including over $1.2 Million in reimbursements for denied claims.
Congratulations to Bruce Nagel and Jay Rice Chosen as New Jersey Top 100 Super Lawyers for the past three years - 2007, 2008, 2009; Robert Solomon, Barry Packin, Wayne Greenstone and Herbert Waldman also named as New Jersey Super Lawyers; Andrew O'Connor named as Rising Star.
New Jersey Super Lawyers is published annually in the April issue of New Jersey Monthly magazine and New Jersey Super Lawyers magazine. Super Lawyers names New Jersey's top lawyers as chosen by their. . .
Nagel Rice Partner Jay Rice settled an Estate Litigation in January 2009 that will provide to our client in excess of $11 Million. The settlement was achieved despite the fact that the Estate had been closed and the executor released 10 years before the client retained Nagel Rice to challenge the distributions by the Executor.
January 22, 2009
Nagel Rice Wins Major Legal Victory in Environmental Lawsuit Against Exxon
Nagel Rice won a significant victory on behalf of the State of New Jersey and against Exxon Mobil when the Court ruled that the State’s claims were not limited to natural resources damaged after 1977, thus allowing the State to seek restoration and compensation going back to 1877…
November 24, 2008
Nagel Rice Achieves Landmark Settlements with the Health Insurers in New Jersey Eating Disorder Litigation
Nagel Rice stands at the forefront of protecting and enhancing the rights of Eating Disorder patients by settling two class action lawsuits asserting that health insurers were wrongfully denying claims for coverage of eating disorder treatment…
$400,000 Settlement Against Municipality Where Police Officer Claimed Hostile Work Environment Harassment
A 20 year veteran of a municipal police department contended that after an internal complaint was filed against her boss for disallowance of a work accommodation for a child care…
August 11, 2008
$1 Million Medical Malpractice Settlement
A Connecticut woman accepted $1,019,000 on June 16 to settle her Essex County suit claiming her eyes were permanently damaged by eye surgeon Joseph Dello Russo.
June 16, 2008
Nagel Rice Settles Medical Malpractice Claim Against Eye Surgeon, Dr. Joseph Dello Russo, for $1,019,000
Nagel Rice achieved another successful settlement against Dr. Joseph Dello Russo when our client received $1,019,000 for permanent eye damage as a result of a surgical procedure performed at Dr. Dello Russo’s facilities. This is the most recent in a series of successful litigations against Dr. Dello Russo…
$16.5 Million Dollar Settlement Provided by Austrian Government (handled by Jay J. Rice, Diane E. Sammons, Randee M. Matloff)
Claims were brought by U.S. and foreign family members of deceased who died in a ski train fire in Kaprun, Austria; killing 155 passengers; Nagel Rice, LLP and co-counsel appeared before an Austrian Commission resulting in the $16.5 Million dollar settlement.
December 26, 2007
Nagel Rice Achieves Major Legal Victory in Healthcare Coverage Lawsuit
The Federal Court ruled on December 26, 2007 that Nagel Rice client, Gregory Surgical Services, had standing to bring an action against Horizon Blue/Cross Blue/Shield of New Jersey arising out of questionable reimbursement by defendants for out of network services. Nagel Rice attorneys Bruce Nagel and Robert Solomon are handling this case…
Nagel Rice Obtains a $1,500,000 Recovery in Medical Malpractice Case Wrongful Death Action
Nagel Rice attorneys Bruce Nagel, Robert Solomon and Andrew O’Connor achieved a $1,500,000 settlement for the Estate of a client. The defendant anesthesiologist negligently failed to adequately monitor the blood sugar before and during the elective laparoscopic surgery…