NJ Appeals Court Backs Gov.'s Veto Power

Law360, New York (December 7, 2012, 4:04 PM EST) -- A New Jersey appellate court on Friday emphasized that all executive power within the state rests with its governor, as it declined to reverse a veto issued by Gov. Chris Christie regarding $15 million in purse supplements for the state's horse racing industry.

The Thoroughbred Breeders' Association of New Jersey argued Christie's decision to veto New Jersey Racing Commission meeting minutes that called for the purse supplements could be reviewed for arbitrariness and capriciousness, but a three judge panel disagreed, saying state constitutional authority gave Christie...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.