Story
New Jersey Lieutenant Governor Resigns Following Misconduct Investigation

Summary
New Jersey Lt. Gov. Dale Caldwell has resigned from his post after an independent investigation detailed findings of sexual harassment and other ethical violations. Governor Mikie Sherrill has appointed an acting successor.
New Jersey Lieutenant Governor Dale Caldwell resigned on Friday following the release of an independent investigation that concluded he engaged in inappropriate behavior with female staff and committed other ethical breaches, according to a statement from Governor Mikie Sherrill's office. The resignation came one day after Governor Sherrill, a fellow Democrat, publicly called for him to step down.
Investigation Alleges Harassment and Misconduct
The report, which was released on Wednesday, detailed several serious allegations against Caldwell. Investigators found that the lieutenant governor, a Methodist pastor, made sexually offensive remarks to female staff members and attempted to use his position for personal benefit.
Key findings from the investigation include:
- Making sexually inappropriate comments to staff, which he reportedly denied but investigators "did not find his denial credible."
- Attempting on multiple occasions to secure a promotion for a state employee with whom he had a romantic relationship.
- Bringing personal guests to ticketed events without payment.
AdSuccession and Legal Challenge
In response to the findings, Caldwell's attorney, Thomas Calcagni, issued a statement indicating they "forcefully challenge the report" and are exploring "legal remedies" to create what they term a "true, balanced, and unbiased record." Despite this challenge, the resignation is effective immediately.
Governor Sherrill has named Shirley Emehelu, the state’s acting comptroller, as the new acting lieutenant governor. The governor's office stated that a permanent replacement will be selected within the next 45 days. The sudden departure creates a significant vacancy in the state's executive branch, requiring a swift transition to maintain administrative stability.
Read next
More on Stocks
Bovespa Index Slips 0.27% as Basic Materials, Consumer Stocks Weigh
Brazil's benchmark Bovespa stock index ended Friday's session lower, weighed down by losses in the basic materials and consumption sectors. The decline occurred despite more individual stocks advancing than declining on the exchange.

Bipartisan Bill Seeks to Ban Chinese Optical Transceivers from US Government AI Systems
A group of U.S. lawmakers has introduced legislation to prohibit the federal government from using Chinese-made optical transceivers in sensitive systems, citing national security risks to AI and cloud infrastructure.

Circle CFO Jeremy Fox-Geen to Step Down; Co-Founder Exits Board
Circle Internet Group, the issuer of the USDC stablecoin, announced that Chief Financial Officer Jeremy Fox-Geen will step down. The leadership change also includes the departure of co-founder Sean Neville from the company's board.

Oura IPO Sees Demand Outstrip Supply by Four Times, Report Says
The health and fitness technology company's initial public offering is attracting significant investor interest, with orders reportedly reaching four times the shares available as it seeks to raise up to $2.2 billion.