GE Capital's $2.5M Award Upheld In Equipment Lease Row

Law360, New York (June 12, 2013, 8:27 PM EDT) -- A New Jersey appellate court on Wednesday upheld a $2.5 million judgment for General Electric Capital Corp. against a New Jersey medical imaging center owned in part by a partner at a New Jersey law firm, unconvinced by arguments that the terms of an equipment lease constituted fraud.

A three-judge panel on the Superior Court of New Jersey’s Appellate Division affirmed a trial court’s summary judgment awarding GE Capital just over $2.5 million from Imaging Center of Oradell LLC and its principals, who defaulted on leases...
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