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Parker McCay Blog
Posts from January 2017.

New Jersey Supreme Court Holds that Municipalities Must Address Affordable Housing Obligations Attributable to the Gap Period (1999 to 2015)

By Jeffrey D. Winitsky on January 11, 2017

On January 10, 2017, the Securities and Exchange Commission ("SEC") announced that the Port Authority of New York and New Jersey ("Port Authority") agreed to admit wrongdoing and pay a $400,000 penalty to settle charges related to the failure of the Port Authority to disclose to investors certain risks associated with road projects undertaken and financed by the Authority in violation of the Securities and Exchange Act of 1933 ("Securities Act of 1933"). 

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