NJ Court Upholds Lower Price For Health Care Co.'s RE Deal

Law360, New York (August 9, 2013, 10:23 PM EDT) -- A New Jersey appellate panel Friday sided with AtlantiCare Health Services Inc. in its battle over competing appraisals of a trio of buildings AtlantiCare bought from Harbor Creek Associates GP, ruling AtlantiCare’s $8.8 million appraisal was more contractually accurate than Harbor Creek’s higher figure.

A three-judge panel on the Superior Court of New Jersey’s Appellate Division affirmed a ruling by Judge William C. Todd, who said AtlantiCare’s interpretation of a provision in the contract between the health care provider and the real estate company was more...
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