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FLORCZAK v. UNITED JERSEY BANK

248 N.J. Super. 651 (1991)

591 A.2d 1023

RICHARD A. FLORCZAK AND MAUREEN FLORCZAK, PLAINTIFFS-APPELLANTS, v. UNITED JERSEY BANK, A NEW JERSEY BANKING CORPORATION, DEFENDANTS-RESPONDENTS, AND WILLIAM C. BELL, JR., DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Decided June 12, 1991.

Attorney(s) appearing for the Case

James D. Carton, III, argued the cause for appellants (Carton, Witt, Arvanitis & Bariscillo, attorneys; James D. Carton on the brief).

J. Peter Sokol, argued the cause for respondent (McOmber & McOmber, P.C., attorneys; J. Peter Sokol of counsel and on the brief).

Before Judges PRESSLER, BAIME and A.M. STEIN.

The opinion of the court was delivered by ARNOLD M. STEIN, J.A.D.

Plaintiffs appeal the Law Division judgment limiting their recovery under N.J.S.A. 49:3-71(a)(2) under New Jersey's version of the Uniform Securities Act to actual damages, interest and taxed costs, and denying out-of-pocket expenses and counsel fees. We affirm.

N.J.S.A. 49:3-71(a)(2) provides that a securities buyer who suffers...

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