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Judicial Watch • Joseph E. Irenas – 2007

Joseph E. Irenas – 2007

Joseph E. Irenas – 2007

Page 1: Joseph E. Irenas – 2007

Category:Federal Judges

Number of Pages:8

Date Created:November 19, 2008

Date Uploaded to the Library:November 03, 2014

Tags:Irenas, Joseph E Irenas, Joseph, Fidelity, trust, Market, 2007, INVESTMENTS, Codes, dividend, disclosure, reporting, report, Federal Judge, financial, income, Judge

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A0-10 (WP) Government Act 1978, 
Rev. 1/2006 U.S.C. app. IOI-I/ 
FOR CALENDAR YEAR 2005 Person Reporting (Last name, first, middle initial) Irenas, Joseph Title (Article Illjudges indicate active senior status; magistrate judges indicate full-or part-time) U.S. District Judge -Senior Chambers Office Address P.O. Box 2097 Camden, 08101 Court Organization United States District Court Sa. Report Type (check appropriate type) Nomination, Date--Initial -1L Annual -Final Sb. Amended Report Date Report 05/15/2008 Reporting Period 01/01/2007 12/31/2007 the basis the information contained this Report and modifications pertaining thereto, is, opinion, compliance with applica laws and regulations. Reviewing Officer Date 
IMPORTANT NOTES: The instnictions accompanying this form must followed. Complete all parts, checking the NONE box for each part where you have reportable information. Sign last page. POSITIONS. (Reporting individual only; see pp. 9-13 Instructions.} 
POSITION NAME ORGANIZATION/ENTITY NONE (No reportable positions.) Spouses Non-Investment Income -If you were married during any portion the reporting year, please complete this section. (dollar amount not required except for honoraria) 
NONE (No reportable non-investment income.) 
Date Report 
Name Person Reporting 
Irenas, Joseph 
IV. 	REIMBURSEMENTS --transportation, lodging, food, entertainment. (Includes those spouse and dependent children. See pp. 25-27 Instructions.) 
DESCRIPTION GIFTS. (Includes those spouse and dependent children. See pp. 28-31 Instructions.) 
VI. LIABILITIES. (Includes those spouse and dependent children See pp. 32-33 Instructions.) 
Date Report 
Name Person Reporting 
05/15/2008Irenas, Joseph 
VII. 	Page INVESTMENTS and TRUSTS --income, value, transactions (Includes those spouse and dependent children. See pp. 34-60 Instructions.) Description ofAssets includmg trust assets) Place each asset exempt disclosure. NONE (No reportable income, assets, Income duringre orting period (2) Amt. Code! rentor (A-H) int.) Gross value end reporting period (2) Value Value Method Code2 Code3 (J-P) (Q-W) (I) Type(e.g.,buy, sell, merger,redemption) Transactions during reporting period Ifnot exempt from disclosure (2)Date: Value Identity MonthCode2 Code buyer/seller(J-P) (A-H) (if private transaction) Bank America Checking Account Interest J.P. Morgan Chase Sav. Cert. Interest Shares corp./Princeton bldg. Rent Wachovia Bank IRA Interest Wachovia Bank IRA Interest Smith Barney Money Market Interest Rhodia Inc. Comment None sold 6/13 Eaton Vance Prime Rate Dividend sold 11/23 Bank Amer. Invest Serv. Market EDA Heating Cooling Due 12/01/2010 Dividend Interest State Tpk Auth. Due Interest Pleasantville Sch Due 10/01/13 Mediscience Technology Corp., None Interest State EDL Fae. Rev Montclair Maty 07/01/2010 Lindenwold Boro Sch FSA Maty 06/01/11 State Transp. Trans. Sys. 06/15/2008 EDA State Lease Ref. 03/15/2022 Interest Interest Interest Interest redemption 7/2 	Income/Gain Codes: A=$l ,OOO orless B=$l ,001-$2 ,500 C=$2,501-$5,000 0=$5,001-$15,000 E=$ 5,00 -$50,000(See Col. 04) F=$50,001-$100,000 G=$I 00,001-$1,000,000 Hl=$l,000,001-$5,000,000 H2=More than $5,000,000 Value Codes: J=$15,000 ess K=$15,00l-$50,000 L=$50,001-$100,000 M=$!00 001-$2 50,000 (See Col. Cl, D3) N=$250,001-$500,000 0=$500,001-$1,000,000 1-$5,000,000 P2=$5,000,001-$25,000,000P3=$25,000,001-$50,000,000 P4=More $50,000,000 
Value Method Codes: R=Cost (real estate only) S=Assessment T=Cash/Market(See Col. C2) value V=Other W=Estimated 
Irenas, Joseph 05/15/2008 
VII. Page INVESTMENTS and TRUSTS -income, value, transactions (Includes those 
spouse and dependent children. See pp. 34-60 Instructions.) 
Description Assets 
(includmg trust assets) 
Place each asset exempt prior disclosure. 
 NONE (No reportable income, assets, transactions) 
Minneapolis Associates, Ltd. 
See Comment 
Middletown Twp. Bd. Ed. TIO, 
Dated 02/15/01; Due 08/01/27 Fidelity IRA; See Comment -Fidelity Retirement Money 
Market -Fidelity Magellan 
-Fidelity Contrafund -Fidelity OTC Portfolio -Fidelity Overseas 
Income Gross value during end reporting period reporting period 
Type (e.g., 
div., Code! rent (A-H) int.) Rent Interest Dividend Interest 
(1) (2) 
Code2 Code 
(J-P) (Q-W) 
Transactions during reporting period 
Ifnot exempt from disclosure 
buy, sell, 
Value Identity 
merger, Month 
Code2 Code! buyer/seller 
redemption) Day 
(A-H) (if private transaction) 
Sold 3131 
-Bristol Myers Squibb See Comment Treas. Note 3.75% Due 03/31/07 
Sold Redemption 7/19 3131 Dividend Interest 
Wachovia Bank Checking 
6Yz% interest music publishing Dividend 
business located Europe Insurance Trust; See Comment Manulife Whole Life Policy Mass Mutual Whole Life Policy 
Bank America Savings 
J.P. Morgan Chase Checking None 
Income/Gain Codes: less B=$ ,OO1-$2,500 C=$2,50l-$5,000 0=$5,001-$15,000 E=$ 5,001-$50,000(See Col.. Bl, 04) $100,000 G=$100,00l-$1,000,000 Hl=$1,000,001-$5,000,000 H2=More than $5,000,000 
Value Codes: 1=$15,000 less K=$15,001-$50,000 L=$50,00I-$100,000 M=$100,00l-$250,000 
(See Col. Cl, D3) N=$250,001-$500,000 0=$500,001-$1,000,000 Pl=$1,000001-$5,000,000 P2=$5,000,001-$25,000,000 
P3=$25,000,001-$50,000,000 P4=More han $50,000,000 
Value Method Codes: R=Cost (real estate only) Assessment T=Cash/Market (See Col. C2) value V=Other W=Estimated 
Date Report 
Name Person Reporting 
Irenas, Joseph 
VII. Page INVESTMENTS and TRUSTS --income, value, transactions (Includes those spouse and dependent children. See pp. 34-60 Instructions.) 
Incom e/Gain Codes: A=$1 000 less (See Col. Bl, D4) F=$50,00I-$100,000 B=$1,001-$2,500 G=$100,001-$1,000,000 C=$2,50!-$5,000 H1=$1,000,001-$5,000,000 D=$5,001-$15,000 H2=More than $5,000,000 E=$15,00l-$50,000 Value Codes: (See Col. Cl, D3) J=$15,000 less K=$15,00l-$50,000 N=$250,001-$500,000 0=$500,001-$1,000,000 P3=$25,000,001-$50,000,000 L=$50,001-$100,000 P1=$1,00!)h001-$5,000,000 P4=More $50,000,000 M=$100,00l-$250,000 ----P2=$5,000,001-$25,000,000 Value Method Codes: (See Col. C2) value R=Cost (real estat e.only) V=Other S=Assessment W=Estimated T=Cash/Market 
Name Person Reporting 
Date Report 
Joseph Irenas 
IX. CERTIFICATION. certify that all information given above (including information pertaining spouse and minor dependent children, any) accurate, 
Name Person Reporting Date Report 
VIII. ADDITIONAL INFORMATION EXPLANATIONS (lndicate partofReport.) (Items and 26) McCarter English maintained KEOGH Retirement Plan for all partners the firm. When withdrew from the firm, interest the plan was segregated into separate account that managed sole discretion distinctly apart from the firms general retirement plan. Effective January 1996, all participants the plan were required invest their accounts one often mutual funds offered Fidelity Investments, Boston, Massachusetts. Each fund participant was permitted switch back and forth between any these funds, but could not otherwise choose other investments. with all mutual funds, actual investments are controlled fund managers. Effective May 2002, withdrew from the Mccarter English plan and rolled over entire account into individual IRA where was permitted choose investments other than Fidelity funds. However, made change the particular Fidelity funds which have been invested although 2004 did transfer Money Market funds into specific investment selected (No. )In Part VII, have listed values for the IRA whole and below that have listed the specific funds 
assets which invested. doing that pursuant the instructions given correspondence from the Committee dated August 2002. Item No. represents the value for the entire IRA. Items 21-26 represent component parts the IRA. gather not required complete Columns and for the individual component parts which are mutual funds where not control the investments. However, have provided individual information for No. 26, even though this amount also included the entire IRA total No. 20. (Item 18) For many years, listed liability old investment real estate limited partnership investment known Minneapolis Associates, Ltd. account had substantial negative basis and had been advised accountant that there was risk tax recapture liability. the year 200 received offer purchase interest Minneapolis Associates, notwithstanding its substantial negative basis. also received past years two cash distributions. Thus, have removed Minneapolis Associates liability and listed asset with the appropriate value code. have also reported the income shown K-1, even where there was actual cash distribution. This year sold partnership interest the general partners. Because the large negative basis, both the proceeds and the gain the sale (for tax purposes) far exceeded the cash actually received (Value Code L). have reported the sale this report using the values used 2007 individual tax return. (Item 30) Before became Judge, had created life insurance trust which transferred four policies, three issued Mass 
Mutual and one Northwestern Mutual. Depending circumstances,lwill beneficiaries the trust when 
die. The Trustee individual attorney. have been paying the premiums the Trustee, but since 
beneficial owners the trust, these payments the Trustee for premiums are treated gifts the beneficial owners. All four policies are whole life policies which have cash values. The value code Column B(l) reflects all dividends received the Trustee whether not paid out cash used reduce premiums. The value code Column C(l) reflects the combined cash value the four policies the trust. Dividends not used reduce premiums are paid the Trustee totl beneficial owner the trust. prior years, policy loans were made some policies pay portion the premiums. Dividends have also been used pay interest policy loans. (Item 7)1Rhodia were, result ofa corporate reorganization exchanged for lofnew Rhodia. The  were exchanged for cash part the reorganization leaving with even (Item 36) Inadvertently omitted from 2006 report. Purchased 1/6/06. Purchase Price Income during 2006 None. Value end of2006