NJ High Court To Mull Noncustomer Bank Negligence Claims

Law360, New York (May 11, 2012, 7:54 PM EDT) -- The New Jersey Supreme Court is poised to examine when a plaintiff can maintain a common law, noncustomer negligence claim against a bank, according to a decision released Thursday.

In December, the state's appellate division overturned a trial court ruling dismissing the noncustomer claims of Brendan Allen, a partner in a material hauling venture gone awry, against Oritani Savings Bank.

The state Supreme Court granted certification to Oritani on the question of whether Allen can bring such a negligence claim.

Attorneys for the parties did not...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.