Third Circuit Court of Appeals Puts The Nail In The Coffin for Madoff Investors
In a precedential opinion, Baer v. U.S., the United States Court of Appeals for the Third Circuit rejected the claims filed by defrauded investors of Bernard Madoff against the Securities and Exchange Commission ("SEC"), holding that the Federal Tort Claims Act shields the SEC from liability for an exercise of discretion, even if it is abused.
The...
LoFaro & Reiser Files Internet Fraud Case in Federal Court Against Online Auction Website Bidsauce.com
On May 13, 2013, partner Glenn R. Reiser filed suit in federal court on behalf of several Fair Lawn, NJ residents who allege to have been defrauded by the online auction website Bidsauce.com. The case is pending in the United States District Court for the District of New Jersey. Geissenberger v. Bidsauce, et al., United States District Court, Di...
What is the Statute of Limitations for Breach of Contract and Fraud Claims in New Jersey?
This post provides a brief summary of the statute of limitations in New Jersey as applied to claims for breach of contract and fraud. A more detailed summary of the law in this area appears in our brief filed in a motion to dismiss a lawsuit alleging breach of contract and fraud resulting from a residential real estate transaction.
Statutes of ...
Real Estate Tax Foreclosure – Does a Tax Sale Certificate Holder Have an Indefinite Time Period to File Foreclosure?
The idea for this post came from a recent client inquiry that we received about filing a tax foreclosure suit on behalf of an individual who has held a tax sale certificate for approximately 27 years against the home of her deceased parents, and paid the real estate taxes during all 27 years.
Every New Jersey municipality is authorized by statute ...