In an unpublished decision issued on July 31, 2014, a Bergen County Chancery Judge fined a mortgage lender over $26,000 in legal fees for violating the New Jersey Consumer Fraud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...
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 ...
In an unpublished decision issued on June 20, 2014, a Bergen County judge dismissed the claims of three individual minority shareholders of Fort Lee Bank who alleged damages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...
As children, we're taught not to make promises unless we intend to keep them. The New Jersey Appellate Division recently reaffirmed this important lesson in an unpublished decision in which the court scolded a consumer who duped a car dealership by entering into a contract he knew he couldn’t honor. In upholding the trial court’s decision ren...
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