NorthMarq Beats Negligence Claims In Real Estate Finance Suit

Law360, Philadelphia (April 23, 2013, 3:26 PM EDT) -- A NorthMarq Capital LLC broker who was sued over a failed bid to refinance a suburban Philadelphia apartment complex’s $27 million mortgage owed no duty of care to the property’s owners under state real estate laws, a Pennsylvania federal judge ruled Monday.

U.S. District Court Judge Thomas O’Neil dismissed negligence claims against NorthMarq and an employee, Timothy Kuhn, after finding that real estate laws in New York and New Jersey — where Kuhn is a licensed broker — as well as in Pennsylvania provided no basis...
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