NJ Court Affirms Refunds In Borough's Water Rate Hike Row

Law360, New York (November 22, 2013, 4:11 PM EST) -- A New Jersey appeals court ruled Friday that the Passaic Valley Water Commission imposed an unauthorized corrective rate hike on water service totaling 49 percent for the borough of Lodi, N.J., to make up for the fact that the borough's rates were lower than they should've been, entitling Lodi residents to refunds.

A three-judge panel of the New Jersey Superior Court Appellate Division partially affirmed a trial court's 2012 ruling that Lodi residents were entitled to partial refunds as a result of the rate hike, which...
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.