Joseph E Irenas Financial Disclosure Report for 2010
Category:Financial Disclosure
Number of Pages:11
Date Created:November 9, 2013
Date Uploaded to the Library:November 13, 2013
Donate now to keep these documents public!
See Generated Text ∨
Autogenerated text from PDF
Government Act ofl978 Rev. 1/2011 FOR CALENDAR YEAR 2010 U.S.C. app. f 101-111) Date Report Person Reporting (last name, first, middle initial) Court Organization 05/17/201 Irenas, Joseph United States District Court Title (Article III judges indicate active senior status; 5a. Report Type (check appropriate type) Reporting Period magistrate judges indicate full- part-time) Nomination, Date 01/01/2010 U.S. District Judge-Senior Initial Annual Final 12/31/2010 5b. Amended Report Chamber~ Office Address the basis the information contained this Report and any modifications pertaining thereto, is, opinion, compliance ~th applicable laws and regulations. P.O. Box 2097 Camden, N.J. 08101 Revie~ng Officer Dale IMPORTANT NOTES: The instructions accompanying this form must followe4 Complete all parts, checking the NONE box for each part where you have reportable information. Sign last page. POSITIONS. (R,Vorting individual only; seepp. 9-13 filing instructions.) NONE (No reportable positions.) POSITION NAME ORGANIZATION/ENTITY II. AGREEMENTS. (Reporting individual only; seepp. 14-16 filing instructio.x) NONE (No reportable agreements.) DATE PARTIES AND TERMS Irenas, Josel IlL NON-INVESTMENT INCOME. :Repo,ing indi,.idual anaspause; see pp. 17-24 filing instructions.) Filers Non-Investment Income (No reportable income.)NONE non-investment DATE SOURCE AND TYPE INCOME (yours, not spouses) Spouses Non-lnvestment Income -if you were married during any portion the reporting year, complete this section. (Dollar amount not required except for honoraria.) NONE (No reportable non-investment income.) DATE SOURCE AND TYPE IV. REIMBURSEMENTS -,ra~sporta,ion, lodging, food, entertainment. (Includes those spouse and dependent children; see pp. 25-27 filing instructions.) NONE (No reportable reimbursements.) SOURCE DATES LOCATION PURPOSE ITEMS PAID PROVIDED GIFTS. ancludes ,hose,o spouse und dependen, children; see pp. 28-31 filing instructions.) [~] NONE (No reportable girls.) SOURCE DESCRIPTION VALUE VI. LIABILITIES. a.cl.des ,hose olspo.se ~nd depe.de.t children; see pp. 32-33 filing instructions) NONE (No reportable liabilities.) CREDITOR DESCRIPTION VALUECODE lrenas, Joseph 05/I 7/2011 VII. NVESTMENTS and TRUSTS -income, value, transactions (Includes those spouse and dependent children; see pp. 34-60 filing instructions.) NONE (No reportable income, assets, transactions.) Description Assets Income during Gross value end Transactions during reporting period (including trust assets) reporting period reporting period (2) (i) (2) (1) (2) (3) (4) Place "(X)" after each asset Amount Type (e.g., Value Value Type (e.g., Date Value Gain Identity exempt from prior disclosure Code div., rent, Code Method buy, sell, mm/dd/yy Code Code buyer/seller (A-H) int.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaction) Bank America Checking Account Interest J.P. Morgan Chase Savings Account Interest J.P. Morgan Chase Checking Account None Shares Corp./Princeton, N.J.,Building Rent Wachovia (now Wells Fargo) Bank IRA Interest Wachovia (now Wells Fargo) Bank IRA Interest Smith Barney Money Market Interest Rhodia Inc.~ None Sensivida Med. Tech~ None 10. Amgen~! None Bank America subordinated bond Interest 12. Bank America 6.9% subordinated bond Interest Buy 05/14/I0 13. Oppenheimer Muni FUnd Class Interest 14. Bank America Invest. Serv. Money Dividend Market 15. EDA State Lease Ref. 03/15/2022 Interest 16. Middletown Twp. Bd. Ed. T/O Interest Redeemed 108/02/10 Dated02/l 5/01 Due 08/01/27 17. Fidelity IRA;; See Comment lnt./Div. Income Gain Codes: =$1,000 less =$1,001 $2,500 =$2,501 $5.000 =$5,001 $15,000 =$15,001 $50,000 (See Columns and =$50,0~1 $100,000 =$100,001 $1.000,000 1,00~.001 $5.000.000 =More than $5,000,000 Value Codes =$15.000 less =$15,001 $50,000 -$50.001 $100.000 :$100,001 $250,000 .Y~.e Columns and D3) =$250.001 $500.000 =$500.001 .000.000 =$1,00~.001 $5,0~0,090 =$5.000,001 $25,000,000 =$25,000,0~1 $50.000.000 =More than $50,000,0~0 Value Mcthod Codes Appraisal Cost (Real Eslale Only) =Assessment =Cash Market IScc Column C2) =Book Value =Other =Estimated lrenas, Joseph 05/I 7/2011 VII. INVESTMENTS and TRUSTS -income, value, transactions (lncl.de$ tho$ spo.~e and dependent children; see pp. 34-60 filing inslruction~) NONE (No reportable income, assets, transactions.) Description Assets Income during Gross value end Transactions during reporting period (including trust assets) reporting period reporting period (I) (2) (I) (2) (3) (4) (5) (2) Place "(X)" after each asset Amount Type (e.g., Value Value Typ~ (e.g., Date Value Gain Identity Code Code buyer/seller exempt from prior disclosure div., rent, Code Method buy, sell, mm/dd/yy Code (A-H) inl.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaction) 18. -Fidelity Retirement Money Maket 19. -Fidelity Magellan 20. -Fidelity Contrafund 21. -FidelityOTC Portfolio 22. -Fidelity Overseas 23. Goldman Sachs Bk.4%CD Interest Redeemed 12/03/10 24. Metropolitan Life Annujity; See Comment Interest 25. I/2% interest music publishing business Dividend Europe 26. Insurance Trust; See Comment Dividend 27. John Hancock Whole Life Policy Dividend 28. Mass Mutual Whole life Policy Dividend 29. Bank America Savings Certificate Interest 30. 31. 32. 33. 34. Income Gain Codes: =$1,000 less =$1,0~1 $2,500 =$2,501 $5,000 =$5.001 $15,0~0 =$15.0OI S50,000 (See Columns and D4) ~$50.001 $100,0~0 =$100,001 $1,000,000 =$1,000,001 $5,000,000 =More Ihan Value Codes $15,0~ less =$15,001 $50.000 =$50,001 $100.000 =$100,001 $250,000 (See Columns and D3) =$250.001 $500.000 =$500.001 $1,000,000 =$1,000,001 $5,000,000 =$5.000,001 $25,000.000 =$25,000,001 $50.000.000 =More than Value Method Codes =Apprai.,al =Cosl (Real Estale Only) =Assessment =Cash Market (See Column C2) =Book Value =Other =Estimated Irenas, Joseph 05/I 7/201 VII. INVESTMENTS and TRUSTS -income, value, transactions (Includes those spouse and dependent children; seepp. 34-60 fillng imtructiong) NONE (No reportable income, assets, transactions.) Description Assets Income during Gross value end Transactions during reporting period (including trust assetS) reporting period reporting period (1) (2) (2) (3) (4) (5) (2) Place "(X)" after each asset Amount Type (e.g., Value Value Type (e.g., Date Value Gain ldenlity Code Code buyer/seller exempt from prior disclosure div., rent, Code Method buy, sell, mnddd/yy Code (A-H) int.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaclion) 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. =$15.0OI $50.000 (S Columns and D-l) ~$50,091 $10(I,000 =$100,001 -$1,1300.000 Income Gain Codes: =$1,000 less =$1,001 $2,500 =$2,501 $5,000 =$5.0OI $15,000 =$1,000,001 $5.003,000 -/.lore than $5.000,000 -$100,0OI $250.000 (See Columns and D3) =$250.001 $500,00~ =$500,001 $1.00~,000 =$1,0OO,001 $5,000,000 =$5.000,0~1 $25.000.000 $25,000,001 $50.000,000 Value Codes =$15,000 less -$15,001 $50,000 =$50,001 $100,000 More thart $50,000.000 =Cash Market (.See Column C2) =Book Value =Other =Estimated Value Method Codes =Appraisal -Cost (Real Estate Only) -As~zssmcnt Irenas, Joseph 05117/2011 VII. INVESTM ENTS and TRUSTS -income, ,blue, transactions (Includes those spouse and dependent children; seepp. 34-60 filing instructions.) NONE (No reportable income, assets, transactions.) B.C. Description Assets Income during Gross value end Transactions during reporting period (including trust assets) reporting period reporting period (1) (2) (I) (2) (2) (3) (4) (5) Place "(X)" after each asset Amount Type (e.g., Value Value Type (e.g., Date Value Gain Identity exempt from prior disclosure Code div., rent, Code Method buy, sell, m~rddd/yy Code Code buyer/seller (A-H) int.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaction) 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. Income Gain Codes: =$1,000 less =$1.001 $2,500 =$2,501 $5,000 =$5.001 $15.0~0 =$15,001 $50,0~0 (See Columns and D4) =$50,0~1 $100,00~ =$100,001 $1,00~,000 =$1,0~0.001 $5,0~).0~) tt2 =More ~han $5.0~0.0~0 Value Codes =$15,0~0 less =$15,001 50.000 =$50.001 100,000 0~.001 $250,000 (See Columns and D3) =$250,001 $500,000 500.001 $1,0~9,13~0 -$1,0~0,001 $5.0~K1,0~0 $5.090.001 $25.0~0.000 -$25,0~0,001 $50.0~O,000 =More than $50,0~0.00~ -Cost (Real Estate Only) -Cash Markcl Value Method Codes =Appraisal =As~ssment (see Column C2) =Book Value =Olhcr =Estimated Name Person Reporting Date Report Irenas, Joseph 05/17/2011 VII. INVESTMENTS and TRUSTS .... value, transactions (Includes those spouse and dependent children; see pp. 34-60 filing instructions.) NONE (No reportable income, assets, transactions.) B.C. Description Assets Income during Gross value end Transactions during reporting period (including trust assets) reporting period reporting period (1) (2) (I) (2) (1) (2) (3) (4) (5) Place "(X)" after each asset Amount Type (e.g., Value Value Type (e.g., Date Value Gain Identity exempt from prior disclosure Code div., rent, Code Method buy, sell, mm/dd/yy Code Code buyer/seller (A-H) int.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaction) 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. "/9. 80. 81. 82. 83. 84. 85. Income Gain Codes: =$1,000 less =$1.001 $2,500 -$2,501 $5,000 =$5,001 $15,000 =$15,001 $50.000 (see Colunms 131 and D4) =$50,001 $100,000 -$100,001 $1.000.000 =$1.0~XL001 $5,000,000 =More than $5.000.000 Value Codes =$15.000 less $15,001 $50.000 =$50,001 100,0OO 100,001 $250,000 (See Columns and D3) =$250.0OI $500.000 -$500.001 $1.0OO.000 $1,000.001 $5.000,000 =$5,000,001 $25,000.000 $25,000.001 $50.000,000 More than $50.000,000 Value Method Codes =Appraisal =Cosl (Real Estate Only) =Asscssmcnl =Cash Market (See Column C2) =Book Value =Estimated -Othcr Irenas, Joseph 05/17/201 VII. INVESTM ENTS and TRUSTS -income, value, transactions (Includes those spouse and dependent children; seepp. 34-60 filing instructions.) [~] NONE (No reportable income, assets, transactions.) Gross value end Transactions during reporting period (including trust assets} reporting period reporting period Description Assets Income during (I) (2) (2) (~) (2) (3) (4) Place "(X)" after each asset Amount Type (e.g., Value Value Type (e.g., Date Value Gain Identify exempt from prior disclosure Code div., rent, Code Method buy, sell, mm/dd/yy Code Code buyer/seller (A-H) int.) (J-P) Code redemption) (J-P) (A-H) (if private (Q-W) transaction) 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. Income Gain Codes: 1,000 less =$1.001 $2,500 =$2,501 $5,000 =$5,001 $15,000 =$15,001 $50,000 (See Columns and 1)4) =$50.001 $100.000 =$100.001 $1.0(~.090 =$1.0~0.001 $5,000.000 =More than $5,000,0~O 100.001 $250,000 See Columns and D3) =$250.001 500.000 -$500.001 1,00~,000 $1,00~.0~ $5,000,000 $5.000,001 $25,000.000 =$25.000.001 $50.000.000 Value Codes $15.000 less $15,001 50.00~ 50,001 100,000 -More than $50,0~0,000 Value Method Codes =Apprai~l =Cost (Real Estate Only) =As~essmcnl =Cash Market (See Column C2) =Book Value =Other =Estimated lrenas, Joseph 05/17/201 VIII. ADDITIONAL INFORMATION EXPLANATIONS. (Items through 24) McCarter English maintained KEOGH Retiremenet Plan for all partners the firm. When withdrew from the firm 1992, interest the plan was segregated into separate account that managed sole discretion distinctly apart from th~ 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 ofthese 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 ~han Fidelity funds. However, made change the parficular Fidelity Funds which have been invested, though from time time did tranfer Money Market funds into specific iinvestments selected me. 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 correpondence from the Committee dated Alugust 2002. Item No. represents the value for the entire IRA. Items 18-24 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 Nos. and even though these amounts are also included the entire IRA total item No. 17. (Item 24). Item was acquired 01113/09 but inadvertently omitted from 2009 Report. However, this item was included the total IRA value item the 2009 Report. (Item 26) Before became Judge, had created life insurance trust which transferred four policies, Depending circumsmnces,~ ~i:. 3;~1 will the baeneficiaries the trust when die. The Trustee individual attorney have been paying the premiums the Trustee are the beneficial owners the trust, these payments the Trustee for premiums are treated gifts the beneficial owners. All four policies are whole life policies whic have cash values. The value code Column B(I reflects all dividends received the Trustee whether not paid out cash used reduce premiums. The value code Column C(I) reflects the combined cash value the four policies the Trust. Dividends not used reduce premiums are paid the Trustee to[S~.~"] 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. lrenas, Joseph 05/I 7/201 IX. CERTIFICATION. certify that all information given above (including information pertaining spouse and minor dependent children, any) accurate, true, and complete the best knowledge and belief, and that any information not reported was withheld because met applicable statutory provisions permitting non-disclosure. further certify that earned income from outside emplo)anent and honoraria and the acceptance gifts which have been reported are compliance with the provisions U.S.C. app. 501 et. seq., U.S.C. 7353, and Judicial Conference regulations. Signature: S/Joseph Irenas NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES FALLS FILE THIS REPORT MAY SUBJECT CIVIL AND CRIMINAL SANCTIONS U.S.C. app. 104) Committee Financial Disclosure Administrative Office the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544