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Point Pleasant, NJ

Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…
'Gas Station Heroin' Killed Toms River Man, Family Says In Lawsuit 'Gas Station Heroin' Killed Toms River Man, Family Says In Lawsuit
'Gas Station Heroin' Killed Toms River Man, Family Says In Lawsuit The family of a Toms River man has filed a lawsuit claiming he was killed by a supplement known by many as "gas station heroin." The suit, filed on Thursday, Sept. 5 by the family of 32-year-old Matthew Cornier, names Neptune Resources, LLC; Super Chill CBD Products; and Hometown Market. Philadelphia-based law firm Feldman Shepherd announced the legal action in a news release on Thursday, Sept. 12. Cornier died on Wednesday, Dec. 6, 2023, after consuming Neptune's Fix Elixir purchased from a store in Point Pleasant, the suit claimed. The product is marketed as a dietary supplement…
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced 'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced A former Army financial counselor from Colts Neck will spend more than a decade in prison after admitting to scamming Gold Star families out of more than $3 million, authorities said. Caz Craffy, 42, was sentenced on Wednesday, Aug. 21 to 12 years and seven months in prison, New Jersey's U.S. Attorney Philip Sellinger said in a news release. He pleaded guilty to 10 charges on Tuesday, Apr. 16. Craffy, who's also known as "Carz Craffey," had been a major in the U.S. Army Reserve since 2003. His Army affiliation was terminated in January 2023, according to military records. Ac…