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 , Unpublished, April 30, 2014).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 ...
Effective April 1, 2014, all limited liability companies ("LLCs") formed in New Jersey will be governed by the Revised Uniform Limited Liability Company Act, N.J.S.A. 42:2C-1 through N.J.S.A. 42:2C-17 (the “Revised Act”). The Revised Act became effective as to newly formed LLCs on March 18, 2013. Starting on April 1, 2014, the Revised Act app...
A derogatory blemish on a consumer's credit report can have long-lasting effects, and present numerous obstacles to purchasing a home, leasing a car, obtaining a credit card, or securing a business loan. In a recent unpublished opinion issued by the United States District Court for the District of New Jersey, Grossman v. Barclays Bank, Delaware, ...
The factors requiring disqualification of judges, on the court's own motion, are set forth in New Jersey Court Rule 1:12-1 which states as follows: The judge of any court shall be disqualified on the court's own motion and shall not sit in any matter, if the judge (a) is by blood or marriage the second cousin of or is more closely related to a...
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