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CITIZENS STATE BK. OF N.J. v. LIBERTELLI

215 N.J. Super. 190 (1987)

521 A.2d 867

CITIZENS STATE BANK OF NEW JERSEY, A NEW JERSEY STATE BANK, PLAINTIFF-APPELLANT, v. GERALD J. LIBERTELLI, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided February 9, 1987.

Attorney(s) appearing for the Case

Peter Aron, admitted pro hac vice, argued the cause for appellant (Magee & Graham, attorneys; Granville D. Magee, on the brief, Olwine, Connelly, Chase, O'Donnell & Weyher, attorneys, Peter Aron, on the brief).

George B. Henkel argued the cause for respondent (Soriano, Henkel, Gaydos, Marinello, Matthews & Biehl, attorneys; George B. Henkel, on the brief).

Before Judges J.H. COLEMAN, R.S. COHEN and GRUCCIO.

The opinion of the court was delivered by R.S. COHEN, J.A.D.

Citizens Bank of New Jersey (Citizens) and Gerald Libertelli entered into a five-year employment contract in July 1983, under which Libertelli was to serve as the bank's president, chairman of the board and chief executive officer. In November 1985, the board of directors terminated Libertelli's employment with the bank. Citizens then brought this action for a declaration of the rights and obligations of...

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