NATIONAL BANK REQUIRED TO REIMBURSE LOSSES CAUSED BY MISMANAGMENT OF INVESTMENTS

A young adult male client was rendered a quadriplegic after travelling down a slide at a water park head-first at the direction of the person staffing the slide. One of our personal injury attorneys sued the water park, and our client obtained a multi-million dollar settlement. The client then named a well-known national bank as his trustee to manage this money so that there were sufficient funds to care for the client for the rest of his life. The bank, however, invested some of our client’s funds in risky stocks, causing significant financial losses in our client’s portfolio. Our Commercial Law & Litigation attorneys brought suit against the bank, demonstrated that the bank did not invest the funds as required by law — in the manner that a reasonably prudent trustee would invest under similar circumstances. Our attorneys were successful in reaching a settlement whereby the bank reimbursed our client for the investment losses he suffered as a result of the bank’s mismanagement.

Our Victories

CONSUMER FRAUD JUDGMENT AGAINST NEW HOME BUILDER

In an Appellate Division decision, the appeals Court upheld a Consumer Fraud judgment in favor of our clients entered by the Law Division-Burlington County. A Limited Liability company that builds new homes, and some of its owner-members and employees were ordered to pay treble damages and counsel fees in excess of $220,000.00.

$2.5 MILLION JUDGMENT ON BEHALF OF HOMEOWNER THAT WAS DEFRAUDED BY A CONTRACTOR

Our client, a homeowner, was defrauded by a contractor who was hired to perform extensive work at his home. The contractor took the homeowner’s money but failed to perform much of the work and the work that was performed was defective which led to the property being seriously damaged.

GRANT OF SUMMARY JUDGMENT TO HIGH SCHOOL BASKETBALL REFEREE ASSOCIATION DEFENDED IN APPELLATE DIVISION AND NJ SUPREME COURT

A female high school basketball referee (the plaintiff) brought suit against the association to which she belonged, claiming that she was the victim of gender discrimination because the association did not assign her to officiate boys’ varsity basketball games.

Scheme to Defraud Our Clients Out of Millions Thwarted

When the patriarch of the family farm passed away, he willed the farm equally to his three grown children. One wanted to work the farm with her husband but could not afford to buy out her siblings at market value. However, she was able to negotiate purchase from her siblings for a below-market price and very favorable mortgage terms in exchange for agreeing to share the profits with them of any eventual sale of the property down the road. Over time the farmland became very valuable.

NATIONAL BANK REQUIRED TO REIMBURSE LOSSES CAUSED BY MISMANAGMENT OF INVESTMENTS

$300K

$300,000 In Additional Insurance Premiums Saved

Before the client came to us, their insurance company had obtained a default judgment against them for additional workers’ compensation premiums in excess of $300,000. We aggressively negotiated, had the default judgment vacated by consent and the insurance company agreed to dismiss its lawsuit and exchange mutual releases.

Director/Officer Sued for Breach of Fiduciary Duty in Corporate Governance Litigation

A director of a charitable foundation sued our client, also a director and the CEO of the foundation, alleging that he breached his fiduciary duty to the foundation by making unwise investments. The plaintiff sought to surcharge our client personally for millions of dollars of losses sustained by the foundation’s investments.

Required Insurance Company to Cover Defense and Settlement of Lawsuit

A dissatisfied homebuyer sued our client, a residential developer, claiming emotional distress caused by mortgage rate information provided by our client. The homebuilder’s insurance company refused to provide legal representation and coverage – even though the homebuilder had paid premiums for this very type of business insurance coverage. Our commercial law & litigation attorneys filed suit to enforce the insurance policy.

Convinced Health Insurance Company HMO to Pay for Medical Treatment

A young woman who worked for the State of New Jersey had been through several treatments for non-Hodgkin’s lymphoma cancer. Her last hope was a bone marrow transplant of her own marrow. Her HMO would not pay for the treatment. Our insurance litigation attorneys convinced the HMO to pay.

Convinced Health Insurance Company HMO to Pay for Medical Treatment