The New Jersey Supreme Court is poised to decide whether a bank can be held liable under the Consumer Fraud Act for an employee’s failure to deliver on a promise to buy securities for a client.
The case, Lee v. First Union National Bank , argued Wednesday, is being closely watched by the banking industry, since a pro-plaintiff ruling carries with it the prospect of treble damages and counsel fees.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
