NJ Appeals Court Revives Suit Over Botched $8M RE Deal

Law360, New York (March 13, 2013, 7:06 PM EDT) -- A New Jersey appellate court on Wednesday revived a suit between two real estate companies, ruling that a lower court erred in issuing summary judgment as the companies battle over a $250,000 deposit in a botched $8 million real estate deal.

The Superior Court of New Jersey Appellate Division’s three-judge panel reversed a summary judgment granted to Carteret Town Homes LLC against Carteret Holdings Urban Renewal LLC, finding summary judgment was not the proper resolution because there are facts in dispute that are better heard by...
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