A New Jersey law firm will get another crack at collecting on a claim of more than $3 million in unpaid legal fees, thanks to a ruling that its mortgage securing payment of those fees takes precedence over that of another creditor.

Relying on case law that reaches back to the 1860s, the Appellate Division ruled that Riker, Danzig, Scherer, Hyland & Perretti’s mortgage has priority, even though it was executed subsequent to two others by a lender, Rosenthal & Rosenthal.

This content has been archived.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 Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]