NJ Towns Beat Suit Over Asphalt Contract's Costs

Law360, New York (March 5, 2014, 6:02 PM EST) -- A New Jersey appellate panel on Wednesday declined to revive Tilcon New York Inc.’s suit against a purchasing cooperative of municipalities that refused to reimburse Tilcon for spiking costs in an asphalt contract after ruling the risk of market fluctuations was Tilcon’s to bear.

In a 79-page decision, a three-judge panel on the Superior Court of New Jersey’s Appellate Division affirmed a lower court’s award of summary judgment to the Morris County Cooperative Pricing Council and 15 of its members, which were sued by Tilcon in...
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