Riker Danzig Wins NJ High Court Victory In Mortgage Row
Law360, New York (July 21, 2016, 4:16 PM EDT) -- The New Jersey Supreme Court on Thursday upheld a lower court ruling saying that a mortgage held by Riker Danzig Scherer Hyland & Perretti LLP takes priority over money advanced by another creditor to camera sales businesses and their owners, because that creditor made the optional payments after it was aware of the law firm's mortgage.
The state's highest court ruled that Riker Danzig has the upper hand over Rosenthal & Rosenthal Inc. in recouping money owed by the family behind the companies, finding that “common law priority rules” dictate Rosenthal's optional advances take a backseat since they were made after the...
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