What is my business worth? You say $100,000, she says $1,000,000. Whether arguing with an irate spouse in the context of a divorce case or a business partner in a partnership dispute, the answer is often difficult and expensive to determine. As the New Jersey Supreme Court observed in Balsamides v. Protameen Chemicals, Inc., 160 N.J. 352, 368 ...
“I don’t want to work. I want to bang on the drum all day.” "Bang The Drum All Day", Todd Rundgren, 1983. Not necessarily so, said the New Jersey Appellate Division in a May 30, 2014 published decision that reversed the trial court’s dismissal of a homeowner’s complaint that her neighbor’s son’s incessant drum playing constitutes ...
In an unpublished decision, a New Jersey appeals court clarified the legal requirements that credit card debt purchasers must meet in order to pursue collection from consumer account holders. Main Street Acquisition Corp. v. Nemeth (App. Div., April 1, 2014). Specifically, the appellate court declared: A plaintiff suing on an assigned, char...
In a stunning reversal of fortune, HSBC Bank was ordered to pay over $54,000 in legal fees incurred by homeowners who successfully fended off a foreclosure suit based on HSBC's inability to prove ownership of the underlying mortgage and note. HSBC Bank vs. Nini, A-1941-11T1 (App. Div. , Unpublished, April 30, 2014). According to the Appellate ...
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