NJ Court Upholds Seller's Win In Condo Conversion Battle

Law360, New York (July 19, 2013, 8:15 PM ET) -- A New Jersey appellate panel on Friday upheld a judgment against a real estate firm that backed out of purchasing an apartment building, dismissing the firm's argument that the seller's inability to prove the building's adherence to rent control ordinances invalidated the contract.

A three-judge panel on the Superior Court of New Jersey, Appellate Division upheld a $100,000 judgment for 5907 Blvd. LLC, which filed a breach of contract suit against West NY Suites LLC alleging West NY acted in bad faith in negotiating the purchase...
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