Legislative Reform Eases Filing Burden for Investors in Solid Waste Companies

United States - New Jersey

The solid waste sector conducted an industrywide effort to negotiate with the New Jersey Attorney General's office over mandatory disclosures required of institutional investors (such as mutual fund companies and private equity concerns) that hold equity stakes in solid waste companies. Our firm served as coordinating counsel in the legislative effort.

A regulatory program designed to keep organized crime and other corrupt organizations out of the solid waste industry required solid waste companies to arrange for extensive disclosures by these institutional investors and the parties whose capital they deployed, discouraging the entry of legitimate capital into the solid waste industry. 

The successful initiative resulted in legislative reform that freed companies from burdensome filings.

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