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JACOBS v. GREAT PACIFIC CENTURY CORP.

204 N.J. Super. 605 (1985)

499 A.2d 1023

SAMUEL A. JACOBS, INDIVIDUALLY AND ON BEHALF OF ALL THOSE SIMILARLY SITUATED, PLAINTIFFS-RESPONDENTS AND CROSS-APPELLANTS, v. GREAT PACIFIC CENTURY CORPORATION, DEFENDANT-APPELLANT AND CROSS-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided October 15, 1985.

Attorney(s) appearing for the Case

Michael R. Griffinger argued the cause for appellant/cross-respondent (Crummy, Del Deo, Dolan, Griffinger & Vecchione, attorneys; Michael R. Griffinger, of counsel and on the brief).

Bruce H. Nagel argued the cause for respondents/cross-appellants (Meth, Nagel, Rice, Woehling & Bausch, attorneys; Bruce H. Nagel, on the brief).

Before Judges FRITZ, BRODY and GAYNOR.

The opinion of the court was delivered by BRODY, J.A.D.

Plaintiff and other members of the class he represents purchased from defendant (seller) stock in a corporation that owns Century Tower, a cooperative apartment building in Fort Lee. Each purchaser also entered into a proprietary lease of one of the apartments. The sales closed leaving unresolved the single question raised in this litigation: whether by the terms of their written agreement the seller or the purchasers...

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