New Jersey Appeals Court Reaffirms Factors Establishing Corporate Successor Liability Under New Jersey Law
In an unpublished decision issued on December 11, 2014, the Appellate Division of the Superior Court of New Jersey was confronted with deciding whether a corporation was the successor in interest to the plaintiff's former commercial tenant such that the corporation should be held liable for tenant's breach of the lease. 40 Eisenhower Drive, LLC v. ...
Bergen County Chancery Judge Hits Mortgage Lender With $26,000 in Counsel Fees For Violating New Jersey Consumer Fraud Act
In an unpublished decision issued on July 31, 2014, a Bergen County Chancery Judge fined a mortgage lender over $26,000 in legal fees for violating the New Jersey Consumer Fraud Act in connection with a residential loan refinance involving a then 70-year old woman residing in Englewood, New Jersey. Freedom Mortgage Corp. v. Mamie E. Major, Superi...
NJ Supreme Court Declares Attorney-Client Privilege Applies to Joint Defense Communications
Henry Ford once said, “Coming together is a beginning, keeping together is progress, working together is success.” In a decision handed down by the New Jersey Supreme Court on July 21, 2014, the Court reminded us of importance of teamwork in concluding that communications between attorneys representing different clients can be protected by the ...
Minority Shareholders of NJ Bank Barred From Suing For Damages, Says Bergen County Jurist
In an unpublished decision issued on June 20, 2014, a Bergen County judge dismissed the claims of three individual minority shareholders of Fort Lee Bank who alleged damages resulting from a failed bank merger. Kostakapoulous vs. Alma Bank, Superior Court of New Jersey, Law Division, Bergen County, Docket No.: BER-L-1952-14. The court conclud...