Wal-Mart Can't Shake Suit Over $11.5M NJ Property Deal

Law360, New York (October 30, 2013, 6:51 PM EDT) -- A New Jersey federal judge on Wednesday denied Wal-Mart Stores East Inc.'s bid to nix Atlantic City Electric Co.'s lawsuit accusing it of breaching an $11.5 million purchase agreement, saying the company properly pled its claims.

The dispute concerns a 35-acre piece of land in Egg Harbor Township, N.J., that Wal-Mart agreed to buy from ACE in 1999. ACE claims that Wal-Mart acted in bad faith by filing final approval papers — required to construct a store on the site — late with the New Jersey...
To view the full article, register now.