NJ Judge Won't Toss Outside Investor Law Firm Suit

Law360, New York (March 7, 2012, 5:29 PM EST) -- A New Jersey federal judge on Wednesday denied a bid by the justices of the Supreme Court of New Jersey to dismiss a suit over whether New Jersey’s laws obstructing nonlawyer investments in law firms are unconstitutional.

U.S. District Judge Peter G. Sheridan stayed the case brought by personal injury law firm Jacoby & Meyers LLC and referred it to the New Jersey Supreme Court to first decide whether the state’s laws could prevent lawyers from having practices with nonlawyer investors, before he could decide on...
To view the full article, register now.