Analysis

How the Supreme Court's Ruling on a Retracted Work Promise 'Impacts All Employers in New Jersey'

"Although the court ruled within the context of the Uniform Securities Law, I can envision the court’s teachings to apply in other settings," Peter Verniero said.

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When employment is promised orally for months and then the offer is rescinded, can the employer be liable for damages even though a contract was never signed?

Some attorneys contend the state Supreme Court’s ruling earlier this year in Goldfarb v. Solimine, in which the plaintiff claimed promissory estoppel after the defendant backed out of a verbal contract to hire him as a financial adviser to handle his family’s extensive investment portfolio, sends a clear message.

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Suzette Parmley

Suzette Parmley

Trenton Correspondent who covers the N.J. Supreme Court, Governor, Legislature. She also contributes to The Legal Intelligencer and law.com. Suzette joined New Jersey Law Journal in Jan. 2019 from the Philadelphia Inquirer where she was a former Trenton Statehouse Correspondent and Business Reporter/Columnist. Awards: 1st Place for 2020 coverage of NJ Supreme Court; 2019 Specialized Writing Category, 5-time winner of the Business Financial Writing Portfolio Award from the New Jersey Press Association. Graduate of the Fels Center of Government/University of Pennsylvania. Email: [email protected] or follow on Twitter: @SuzParmley

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