We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
comprehensive legal services for businesses

New Jersey judge decides 21-year-old breach of contract case


A 21-year-old New Jersey contract dispute has finally reached an end. A judge recently ruled that a real estate mogul from New Jersey had cheated his business partners out of revenue that they deserved from an apartment complex. The development contract involved a 764-unit apartment complex that the man and several members of his family had built as part of a deal with two business partners.

In the suit — which was originally filed in 1992 — the man’s business partners claimed that they did not receive revenue that was rightfully theirs. Instead, they claim that the man used revenue from the building to pay some of his other employees. After years of trials and appeals, the court sided with the man’s former business partners. The court believed that the man purposefully inflated certain costs, took more fees then he or his family was allowed and participated in other fraudulent behavior.

As a result of these findings, the court found that a breach of contract had occurred. The judge also ruled that the man and his family had breached their fiduciary duty, committed fraud and violated civil racketeering laws. The judge has delayed her finally ruling on damages until next week, however the man’s former partners were asking for $50 million in damages.

Breach of contract cases, like this one, can become very complicated. While most cases are not going to span more than two decades, they can drag on if the cases are not carefully managed. These cases are complex because some many factors are involved. Courts must determine if a contract existed, what its terms were and if a breach occurred. In order to try to avoid these issues, parties must ensure that their contracts are well written and clearly organized to begin with.

Source: KSTP, “Judge: Vikings Owner Cheated NJ Project Partners,” Scott Theisen, Aug. 6, 2013

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map

Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network