Banking Alert August 2020
In This Issue:
- New York Federal Court Affirms $232,500 Arbitration Award Against Bank For Violation of Telephone Consumer Protection Act
- New Jersey Appellate Division Affirms Summary Judgment Order in Favor of Lender in Foreclosure Action
- New Jersey District Court Remands Foreclosure Action to State Court for Lack of Subject Matter Jurisdiction
Sherman Wells Secures Another NJ Supreme Court Victory For Firm Client
For the second time this Term, Sherman Wells has secured a victory for one of its clients in a case before the New Jersey Supreme Court. Julian W. Wells and Jordan D. Weinreich represented firm client Bank Leumi USA on an issue of first impression regarding the scope of the entire controversy doctrine. In a unanimous decision, the New Jersey Supreme Court held that the entire controversy doctrine does not bar a party who files a successful motion to dismiss for failure to state a claim from later asserting claims that arise from the same transactional facts.
Firm has major win in New Jersey Supreme Court
Anthony J. Sylvester and Caitlin T. Shadek secure a win in the New Jersey Supreme Court for firm client TD Bank, and pave the road for limiting future claims against banks. The New Jersey Supreme Court, in a unanimous decision, reinstated the trial court’s decision dismissing claims against TD Bank, and reversed the Appellate Division’s decision permitting the plaintiffs to amend their complaint to add a claim under New Jersey’s Uniform Fiduciaries Law (”UFL”).
2020 Estate Planning Essentials Guide - NJ Edition
A broad overview of wills, trusts, estate and gift taxes, and important planning techniques and documents.
If you have questions, please contact any of the attorneys in our Tax and Trusts & Estates Practice Group. Nothing in this booklet should be relied upon as legal advice in any particular matter.