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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.