NJ Courts Hand Financial Cos. 2 Bonuses In 2014

Law360, New York (December 5, 2014, 3:38 PM EST) -- This year, our federal and state courts have issued some interesting rulings that affect the balance of power between debtors, creditors and creditors’ attorneys in New Jersey. In some aspects, our courts have made life easier for creditors. For example, it is now settled that a creditor need not produce an underlying account agreement to prove a breach of contract claim and can rely exclusively upon its own electronic records in doing so. In other aspects, our courts made life more difficult for creditors and their attorneys. For instance, there is now precedent which holds that attorneys collecting on the very...

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