“At the outset of the trial, the town announced that there would be no settlement, calling it a 'no pay' case," said Joseph Fiorenzo, attorney for The Silverman Group.
April 17, 2024 at 04:10 PM
4 minute read
A New Jersey town agreed to pay $5.5 million to a real estate developer which claimed its prospective tenant backed out of signing a lease in a proposed office and retail project after the mayor indicated he didn’t support the project.
Morristown reached the settlement April 10, when it was in the middle of a trial before Superior Court Judge Noah Franzblau in Morris County Superior Court.
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Aerial drone shot of Morristown, New Jersey. Credit: Jin/Adobe Stock
