morton i greenberg financial disclosure report for 2009

8/3/2019 Morton I Greenberg Financial Disclosure Report for 2009

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I a o ~ o FINANCIAL DISCLOSURE REPORT a ~ , o , - t R e q u i r e d b y t h e E t h i c sin Government Act of 1978nov . 1 / 2010 FOR CALENDAR YEAR 2009 (5 U.s .c . ap~, . ~ 1n J-It1)I . Per son R epor t ing ( l as t name, f i r s t, middle in i t ia l ) 2 . C ou r t o r O r ga n i z a t ion 3 . D a t e o f R e p o r tG re e n be rg , M o r to n I . C ircu it C o u r t, T hird C ircu it 03/24/2010

4. Tit le (Article lI l judges indicate active o r senior status; 5 a . R e p o r t T y p e ( c h e c k a p p r o p r i a t e ty p e ) 6. Repor l ing Per iodmagistrate judges indicate full- or part-t ime) [ ] N o m i n a t i o n , D a t e 01/01/2009S e n i o r L I . S . C i r c u i t J u d g e [] Initial [] Annual [] Final to12/31/2009

5 q ~ . [ ] A m e n d e d R e p o r t7 . C ha m b e r ~ o r O f f ic e A dd r e x ~ 8. On the baf i~ of the informat ion conta ined in th i~ Repo r t and anymodi f ica t ions per t~ t in ing there to , I t i s , i n m y op in ion , i n com pl i ance2 19 U n i t e d S t a t e s C o u r t ho u s e with appl icable lows and reg~int ion~.402 Ea s t S ta t e S tre e tTre n to n , N e w Je r s e y 08 6 08 Rev i ew i n g Of f i ce r D a t e

I M P O R T A N T N O T E S : The instructions accompanying this form must be followe,4 Com plete al l parts ,check ing the NONE box for each par t where you have no r epor table in forma t ion. S ign on la~ t page .

I . PO S I T I O NS . ca,po~,gN O ~ ~ o reporcable positions.)

POSITION NAME OF OR~ANIZATION~NTI~

3 . rLi.., r-.." "

I I. A G R E E M E N T S . ~ . p o . ~ . ~ . , a ~ v i a . . t o . t ~ ;D NONE (No reportable agreements.)

DATE PARTIES AND TERMS1. Se e N o te Sta t e o f N e w Je r s e y Ju d ic i a l R e t i r e me n t Sy s t e m ( I 98 7)


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F I N A N C I A L D I S C LO S U R E R E P O R T r~,me of Person Reporting Da,e of ReportPage 2 of 7 G r e e n b e r g , Morton l. 03/2.4 /2010

III . N O N - I N V E S T M E N T I N C O M E . t n e p o n i n g ind ividual and spous; see pp. 17-24 of filing instructions.)A. Filers Non-lnvestment Income[] NONE (No reportable non-investment income.)

D A T E SOURCE AND TYPE INCOME(yours , n o t s p o u s e s )1. See Note Pension from State of New Jersey $40,497.39

2.

3.

4.

B . S p o u s e s N o n - l n v e st m e n t I n c o m e - If.you were married during any portion of the reporting.rear, complet~ this section.(Dollar amount not required ex cept for honoraria,)

[~ NONE (No r ep or t a b l e non- i nves t l nen t i ncom e . )D A T E ~OURCE AND TYPE

1.

2.

3.

4.

I V . R E I M B U R S E M E N T S - tronspo~ta,io., IodginZ , ~ood, e~e..in(Includes those to spouse and dependent children: see pp. 25.27 of filing instructions,)

N O N E (No reportable reimbursements.)S O URC E D A T ES LO CA T IO N P U R P O S E I T E M S P A I D O R P R O V I D E D

I.

2.

3.

4.

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FI N AN CI AL DI S CLO S URE REP O RT Name of Per,on Reporting Da,e olRtportPage 3 of 7 G reenberg, Morton I. 0 3 / 2 4 / 2 0 1 0

V . G I F T S . (lncludes those to $1~ouse and depe~dent cl~ildren; seepp. 28-31 of f!ling lnstructions.]NO~ ~o reportable g~s.)

~OURCE DESCR~TION VALUE1,2.

3.

4.

5.

V I . L I A B I L I T I E S . a . a . d o s those of spouse and dependent children; see pp. 32-33 of filing instruction)~-] NONE (No reportable liabilities.)

C R E D I T O R D E S C R I P T I O N VALUE CODE1 .2.

3.4.5.


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N a m e o l " P e r s o n R e p o r t i n g D a t e o f R e p o r tP ag eF INA NCIAL4 o f 7 DISCLO SURE RE P O R T G r e en b e r g , M o r to n I . 0 3 / 2 4 / 2 0 1 0

V I I . IN V E ST M E N T S a n d T R U S T S -; .... ,, valu,, tr ......ions (lnnludt~ those of ~p ...... d dependent ch i ldren; see pp . 34-g0 of f i l i ng ins t ruc t ions . )NONE (No reportable income, assets, or transactions.)

A, B. C. D.D e s c ri p t i o n o f A s s e t s I n c o m e d a r i n g G r o s s v a l u e a t e n d T r a n s a c t i o n s d u r i n g r e p o r t i n g p e r i o d( i n c l u d i n g t r u s t a s s e t s ) r e p o r t i n g p e r i o d o f r e p o s i n g p e r i o d

P l a c e " ( X ) " a f t e r e a c h a s s e t A m o u n t T y p e ( e . g . , V a l u e V a l u e T y p e ( e . g . , Da te V a lu e G a i n I d e n t i t y o fe x e m p t f r o m p r i e r d i s c lo s u r e C o d e 1 d i v . , r e n t , C o d e 2 M e t h o d bu y , s e ll , m m ld d /y y C o d e 2 C o d e 1 b u y e r / s e l l e r( A - H ) o r i n t . ) ( J- P ) C o d e 3 r e d e m p t i o n ) (J- P ) (A -H) ( i f p r i v a t e( Q - W ) t r ansac t ion )

1 . Lif e I ns . Washing ton Nat l I ns . Co B In te res t K W S ee par t 82. Lif e I ns . Pac i f ic Li fe I ns . Co . A I n ter es t K T S e e p a n 83. L i fe I n s . N e w Y o r k L i f e I n s . C o . B In te res t K T S ee par t 84. Lif e I ns . Nat ionwide Lif e I ns . Co . o f Am. A D i v i d e n d J T S ee par t 8

1 5 . I R A w i t h B a n k o f A m e r i c a i n c e r ti f ic a t e o f C I Distribution J T S ee par t 8d e p o s i t6. Lin w o o d C o un try C lub No n e J W S ee par t 87. G e n e r a l M o t o r s C o r p . co m m o n s t o c k ( Y ) S ee par t 8

8. E d i s o n I n t e r n a t io n a l c o m m o n s t o c k B D i v i d e n d K T9. B a n k o f A m e r i ca - A c c o u n t s C In te res t M T

1 0 . U B S F in . S te w . , In c . M M A c c t . (ca s h a c c t . ) A D i v i d e n d J W S ee p a r t 8

I 1 . Franklin New Jersey Tax Free Income Fund A I n t e r e s t J T1 2 . D e l p hi A u t o m o t i v e c o m m o n s t o c k A D i v i d e n d J T1 3 . R u t h e r f o r d B d . o f E d . B o n d s A In te res t J T1 4 . W i ld w o o d C i t y B o n d s A I n t e r e s t J T

1 5 . Toms River Bd. of Ed. Bonds A I n t e r e s t J T1 6 . " N.J. St. Eco. Dev. Bonds A I n t e r e s t J T

1 7 . P o i n t P i t a p a t M B I A B o n d s A In te res t l T

1 . I ncome Gain C od~a : A = $ 1,000 or le~x B = $ 1 ,0~ 1 - $ 2 ,5 00 C(See Col~ BI and ~) F -$50,~I - $100,~ G ~100,~1 -$1,0~,0~ H[ =$1.~0,~1 - $5,~,~ ~ =Mo~ ~an $5,0~.~2 . V a l u ~ ~ d e l J "$15,~ or I~! K =$ I 5 ,001 - $50,0~ L = $ 5 0 . ~ 1 - $ 1 0 0 . ~ M = $ 1 0 0 , 0 0 1 - $ 2 5 0 , 0 ~(~ Col~s C I and D3) N - $ 2 5 0 . ~ 1 - $ 5 ~ . 0 0 0 O = $ 5 ~ . 0 0 1 - $ 1 . 0 ~ .~ 0 P I ~ $ 1 . ~ . ~ 1 - $ 5 . 0 0 0 . 0 ~ P2 =$5.~.~1 - $25.~.~

3. Value Me~ C~el Q - A p p a r e l R ~ o ~ t ( R e a l E s ~ t e O n l y ) S *A~ent T = C a s h M ~ k ~(~ Col~ C2) O * B ~ k V a [ ~ V ~ W - ~ t l m ~ t e d


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FINANCIAL DISCLOSURE REPORT ,~ame of Person Reporting Date of ReportPage 5 of 7 G r e e n b e r g , Morton I. 0 3 / 2 4 / 2 0 1 0V I I . I N V E S T M ~ E N T S a n d T R U S T S - i , c o m , , , ,~ , . t . .. .. . ,i o n s ( I n c l u d e s t h o s e of spouse and dependent children; see pp. 34-60 of filing instructions.)

NONE (No reportable income, assets, or transactions.)A. B. C. D.D e s c ri p t i o n o f A s s e t s I n c o m e d u r i n g G r o s s v a l u e a t e n d T r a n s a c t io n s d u r i n g r e p o r t i n g p e r i o d

( i n c l u d i n g t r u s t a s s e t s ) r e p or tin g p er io d o f r e po rt in g p er io dP l a c e " ( X ) " a f t e r e a c h a s s e t Amount] Type (e.g., Valuel Value Typ~ (e.g., Date [ Value ] Gain! I d e n t i ty o fe x e m p t f r o m p r i o r d i s c l o s u re Code 1 ] d iv ., r e n t , C o d e 2 M e l h o d b u y . s e l l , m m ] d d l y y Code 2 ] Code 1 b u y e r l s e l l e r( A - H ) o r in t.) ( J- P ) C o d e 3 r e d e m p t i o n ) I (J-P) ] (A-H) ( i f p r i v a t e

( Q - W ) I _~ t r ansac t ion )

1 8 . Glouc es ter Twp. Boar d o f Ed . Bonds A Interes t K T1 9 . Dover Tw p. S c h. Dis t . Bonds A In te res t J T

20 , B u r li n g to n C o u n t y B r id g e C o m m n . B o n d s A In te res t J T2 1 . Sp a rt a T w p. I ~1 31 A Bo n ds A In te res t K T22. Duke Ener. Corp. Common Stock A Dividend J T

23. E g g l t a r bo r T o wn s h i p B o n d s A Interest J T24. S p e e t r a E n e r g y C o r p . C o m m o n S t o ck A Dividend J T25. RandolphTwp. Sch, Dist. Bonds A Interest J T

26. Bordeztown Sch. Dist. Bonds A Interest J T

27. Oakland Sch. Dist. Bonds A Interest J T

28. S. Brunswick T wp. B o n d s A Interest .T T29. N.J. St. Eeo. Dev. Bonds A Interest J T

| . I n c o m e G a i n C o d e s : A - $ 1 , 0 0 0 o r ] e s ~ B = $ 1 , 0 0 1 - $ 2 , 5 0 0 C( S ~ C o l u ~ s B 1 ~ d D 4 ) F " $ 5 0 . ~ 1 - $ ] 0 0 , ~ 0 G =$ I~.~l - $1,~,~0 HI =$1,~,~1 - $5,~.~ H 2 = M o r e ~ a n ~ 5 . ~ , 0 0 02. Value C~ J - $ 1 5 , 0 ~ ~ l e s s K = 1 1 5 , ~ 1 - $ 5 0 . ~( SC olu ~ s CI a n d D3 ) N - $ 2 5 0 ,~ 1 - $ 50 0 ,~ 0 O - $ 5 0 0 . ~ 1 - $ 1 , ~ . 0 0 0 P ] - $ 1 . 0 0 0 . 0 0 1 - $ 5 . 0 0 0 , ~ P 2 = $5 ,0~,001 - $25 ,000 .0003 . V n ! ~ M e ~ o d ~ o d e s Q -A p p ra i~ l K -C o s t (R ~ I E s~ te O n ly ) S{ S e e C o L ~ C2 ) U - B ~ k V a l u e V "O~ W


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FINANCIAL DISCLOSURE REPORT N ~ , ,e o f P e r s o n Reporting Date of ReportPage 6 of 7 G r e e n b e r g , M o r t o n I . 0 3 /24 /20 1 0VIII . A D D ITION A L IN FORM A TION OR EXPLA N A TION S . (InalcatepartofRet,orL)

Gr c enb er g , Mor ton I .VI I 1 . ADDI TI ONAL I NFOR MATI ON or EXPLANATI ON

I h a v e t h e f o l l o w i n g e x p l a n a t i o n s a n d i n f o r m a t i o n f o r t h e r e p o r t . P a r a g r a p h [I r e l a t in g t o a g r e e m e n t s i n d i c a te s t h a t I h a v e a p e n s i o n f r o m l h e S t a t e o fN e w J e r s e y . T hi s i s t h e s a m e i t e m l i s t e d a s t h e p e n s i o n ~ p a r a g r a p h I I I r e la t i n g t o n o n - i n v e s t m e n t i n c o m e . I a m r e c e i v in g a p e n s i o n b a s e d o n e a r l y r e t i r e m e n tun d e r t h e N e w J e r s e y J ud i c i a l R e t i re m e n t Sy s t e m A c t , a s I h a d m o r e t h a n 25 y e a r s o f p ub l i c s e r v i ce i n N e ~ wi t h m o r e t h a n f i v e y e a r s a s a Sup e r i o r C o ur tJ u d g e . I n v i e w o f m y m o r e t h a n 2 5 y e a r s o f s e r v i c e I a m a l s o e n t i tl e d t o m e d i c a l c o v e r a g e f o r m y s e l f a n d w i t h o u t ch a r g e , w h i c h in c l u d e s r e im b u r s e m e n tf o r M e d i c a r e c h a r g e s . T hi s w a s a d m i n i s t e r e d b y H o r i z o n B l u e C r o s s & B l u e S h i e ld i n 2 0 0 9 , e x c e p t t h a t d ~ g t h e y e a r t h e ~ d m i n i s t ra t i o n o f t h e p r e s c r i p t io n d r u gp o r t i o n o f t h e c o v e r a g e w a s c h a n g e d t o M e d c o H e a l t h S o l u ti o n I n c . o f L e x i n g t o n , K y . I u n d e r s t a n d t h a t t h e S ta t e p a y s t h e a c t u a l co s t f o r t h e c o v e r a g e . T h eb e n e f i t s a l s o in c l u d e l if e i n s u r a n c e a n d a p e n s i o n f o r i ~ ~ s u r v i v e s m e . T h e a m o u n t o f t h e p e n s i o n f o r ~ w i l l b e b a s e d o n th e s a l a r y o f a j u d g e o ft h e A p p e l l a t e D iv i s i o n o f t h e S u p e r i o r C o u r t a s o f d i ~ t i ~ b f m ~ d e a t h . W h il e I p r e v i o u s l y b e l i e v e d t h a t t he l i f e i n ~ h C e a l s o i s b a s e d o n t h e s a l a r y o f a S u p e r i o rC o u r t A p p e l l a te D i v i s io n J u d g e a t t h e t i m e o f m y d e a t h I n o w r e a l i ze t h a t t h e i n s u ra n c e i s b a s e d o n m y s a l a r y w h e n I r e t ir e d i n J u n e 1 9 8 7 . B o t h p a r a g r a p h I I a n dp a r a g r a p h I I I r e q u e s t "d a t e . " T he b e s t d a t e I c a n g i v e i s t o e x p l a i n t h a t I b e c a m e a S u p e r io r C o u r t J u d g e o n D e c e m b e r 2 0 , 1 9 7 3 , a n d s e r v e d u n t i l I r e t i re d i n J u n e1 9 8 7 w h e n I b e c a m e a j u d g e o n t h e C o u r t o f A p p e a l s . I n e v e r e n t e r e d i n t o a n i n d i v i d u a l w r i tt e n c o n t r a ct f o r t h e p e n s i o n b u t w a s a w a r d e d i t u n d e r N e ~ J e r se y l a w .T h e s a m e i s t r u e f o r t h e m e d i c a l c o v e r a g e . T h u s , t h e " a g r e e m e n t " h a s n o p a r t i c u l a r d a t e .I h a v e s h o w n t h e v a l u e o f m y l i f e i n s u r a n c e p o l i c ie s , I t e m V I I , l i n e s 1 , 2 , a n d 3 , b e c a u s e t h e r e i s a c a s h s u r r e n d e r v a l u e f o r t h e p o l i c ie s . W h i le I

p r evious ly r egar ded them as no t held f o r inves tmen t o r the p r oduc t ion o f inc ome b u t never theless vo lun tar i ly l i s ted them, s tar t ing wi th the 2002 r epor t I haver epor ted the po l ic ies in ac c or danc e wi th the then new ins t r uc t ions f o r the F inanc ia l Disc losu r e Repor t . I have taken the value c odes f r om annual po l ic y s ta temen tsb u t n o t e t h a t I d o n o t h a v e i n f o r m a t i o n f o r l i n e 1 , W a s h i n g t o n N a t l I n s . C o . , p r e v i o u s l y B a n k e r s N a t l , fr o m t h e c o m p a n y f o r s p e c i f i c ca s h v a l u e . I ~ u s h a v em a d e m y c a l c u la t i o n b a s e d o n m y k n o w l e d g e o f t h e h i s t o r y o f t h e p o l i cy . T h e i t e m f o r P a c i f i c M u tu a l a t i t e m 2 i n c l u d e s t w o p o l i c ie s c o m b i n e d . [ a l s o h a v er epor ted a Nat ionwide Lif e I ns . Co . o f Am. po l ic y a t I tem VI I , l ine 4 , that was no t r egar ded as held f o r inves tmen t o r p r oduc t ion o f inc ome b u t s tar t ing wi th the2 0 0 2 r e p o r t h a s b e e n s h o w n a s i t h a s a p o l i c y v a l u e . I n 2 0 0 2 i t w a s s h o w n a s P r o v i d e n t M u t u a l bu t b e c a u se o f a r m m e c h a n g e i s n o w N a t i o n w i d e L i f e . I ha v et a k e n t h e i n c o m e a m o u n t s o n t h e i n s u r a n c e p o l i ci e s f r o m t h e I R S f o r m 1 0 9 9 w h e r e a p p l i c a bl e . I te m 3 f o r N e w Y o r k L i fe I n s . C o . c o m b i n e s t w o f o r r rs o f i n e n m ef or f o r m 1099 pu r poses , ( I ) in ter es t and ( 2 ) o ther d i s t r ib u t ions f r om pens ions , annu i t ies , r e t i r emen t o r p r o f i t - shar ing , I RAs mad insu r anc e c on t r ac ts . I f separ a tede a c h w o u l d h a v e a n i n c o m e v a l u e c o d e o f A . T h e p o l i ci e s l i s te d a s i t e m s 1 , 2 , a n d 3 a r e w h o l e l i fe p o l i c i e s b u t e x c e p t f o r t h e s m a l l p o l i n y i n i t e m 2 1 d o n o t h a v et o m a k e p r e m i u m p a y m e n t s o n t h e m b e c a u s e o f a c cu m u l a t e d d i v i d e n d s a n d i n t e r e s t .I show inc om e on I tem VI 1, l ine 5 , f rom an I RA whic h i s inves ted in a c er t i f ic a te o f depos i t as Dis l r ib u t ion . I n f ac t an I RA d is t r ib u t ion inc ludes sou r c esf r om the o r ig inal depos i t s and ac c umulated ear n ings , in th is c ase in ter es t on a c er t i f ic a te o f depos i t whic h s t i l l i s ac c r u ing .

I show Linwoo d Cotm ~r y Club s toc k a t I tem VI I , line 6 , whic h i s no t an inves tm en t p r oper ty and p r od uc es no inc ome. I p r ob ab ly do no t have to showt h e C o u n t r y C l u b s t o c k a s i t w a s n o t h e l d f o r i n c o m e b u t I a m v o l u n t a r il y s h o w i n g i t .I show Gen er al Motor s Cor p . c om mo n s toc k a t I tem VI I , l ine 7 , b u t that s tock was in p r e-b ankr up tc y Gener al Motor s . I owne d the s toc k a t the t ime o f

t h e b a n k r u p t cy a n d I u n d e r s t a n d t h a t i t n o w i s w o r t h l e s s . Y e t I h a d n o t r a n s a c ti o n s i n t h e s t o c k . I a c q u i re d i t i n O c t o be r 1 9 8 7 a n d i t b e c a m e w o r t h l e s s d u r i n g2 0 0 9 .1 h a v e n o l l i s t e d a s a n a s s e t t h e v a l u e o f m y i n t e r e s t i n t h e N e w J e r s e y J u d i ci a l R e t i r e m e n t S y s t e m u n d e r p a r a g r a p h V I I , a s i t w a s l i s t e d u n d e r p a r a g r a p hI I a n d t h e i n c o m e f r o m i t w a s l i s t e d u n d e r p a r a g r a p h I I I .I n I t e m V I I , l in e 9 , i l i s t c he c k i n g a n d m o n e y m a r k e t a e c o n n t s , a n d c e r t if i ca t e s o f d e p o s i t w i t h t h e B a n k o f A m e r i ca . I h a v e a g g r e g a t e d t h e i n f o r m a t i o nf o r that b ank f o r the var ious ac c oun ts .I l i s t t he N e w J e rs e y E c o n o m i c De v e l o p m e n t A u t h o ri t y t w i c e a s a n i n v e s t m e n t , o n c e a s p a r a g r a p h V I I , it e m 1 6 , a n d o n c e a s p a r a g r a p h V I I, i t e m 2 9 ,b e c a u s e t h e t w o l i s ti n g s a r e f o r d i f f e re n t b o n d i s s u e s I p u r c h a s e d a t d i f f e r e n t t i m e s .


7/7

N a m e o f P e r s o n R e p o r t in g D a t e o f R ~ p o r tF I N A N C I A L D I S C L O S U R E R E P O R T[ Greenberg, Morton I. 0 3 / 2 4 / 2 0 1 0age 7 of 7

I X . C E R T I F I C A T I O N .I c e r ti f y t h a t a ll i n f o r m a t i o n g i v e n a b o v e ( i n cl u d i n g i n f o r m a t i o n p e r t a i n in g t o m y s p o u s e a n d m i n o r o r d e p e n d e n t c h il d r e n , i f a n y ) i sa c c u r a t e , t r u e , a n d c o m p l e t e t o t h e b e s t o f m y k n o w l e d g e a n d b e l i e f , a n d t h a t a n y i n f o r m a t i o n n o t r e p o r t e d w a s w i t h h e l d b e c a u s e i t m e t a p p l i c a b l e s t a { u t o r yp r o v i s i o n s p e r m i t t in g n o n - d i s c l o s u re .I f u r th e r c e r ti f y t h a t e a r n e d i n c o m e f r o m o u t s i d e e m p l o y m e n t a n d h o n o r a r i a a n d t h e a c ce p t a n c e o f g i f t s w h i c h ha v e b e e n r e p o r t e d a r e i nc o m p l i a n c e w i t h th e p r o v i s i o n s o f 5 U . S . C . a p p . 5 0 1 e t . s e q , 5 U .S . C . 7 3 5 3 , a n d J u d i c i a l C o n f e r e n c e r e g u l a t i o n s .

N O T E : A N Y I N D IV I D U A L W H O K N O W I N G L Y A N D W I L F U L L Y F A L S I F I E S O R F A I L S T O F I L E T H I S R E P O R T M A Y B E S U B J E C T T O C I V I LA N D C R I I ~ I 1 NA L S A N C T I O N S ( 5 U . S. C . a p p . 1 0 4 )

FILING INSTRUCTIONSM a i l s i g n e d o r i g i n a l a n d 3 a d d i t io n a l c o p i e s t o :

C o m m i tt e e o n F i n a n c ia l D is c lo s u r eA d m i n i st r a ti v e O f f ic e o f t h e U n i t e d S t a t e s C o u r t sSuite 2-301One Columbus Circle, N.E.W a s h i n g t o n , D . C . 2 0 5 4 4

morton i greenberg financial disclosure report for 2009

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