THEODORE RUDBART, NATALIE RUDBART, BEVERLY LITOFF AND BENJAMIN WELTMAN, PLAINTIFFS-RESPONDENTS,
v.
NORTH JERSEY DISTRICT WATER SUPPLY COMMISSION AND FIRST FIDELITY BANK, N.A., N.J., DEFENDANTS-APPELLANTS. MADELINE OKIN, FOR HERSELF AND ON BEHALF OF ALL OTHER PERSONS SIMILARLY SITUATED, PLAINTIFF-RESPONDENT,
v.
NORTH JERSEY DISTRICT WATER SUPPLY COMMISSION AND FIRST FIDELITY BANK, N.A., N.J., DEFENDANTS-APPELLANTS.
The Supreme Court of New Jersey.https://leagle.com/images/logo.png
Argued January 3, 1991.
Decided April 27, 1992.
Attorney(s) appearing for the Case
H. Curtis Meanor argued the cause for appellant North Jersey District Water Supply Commission (Podvey, Sachs, Meanor & Catenacci, attorneys; H. Curtis Meanor, H. Richard Chattman, and Steven Firkser, on the briefs).
Michael A. Lampert argued the cause for appellant First Fidelity Bank, N.A., N.J. (Kraft & McManimon, attorneys).
James J. DeLuca argued the cause for respondents (Okin, Cohen & Hollander and Gurtman, Shurkin & Brunt, attorneys; Mr. DeLuca and Thomas J. Brunt, on the briefs).
Joseph L. Yannotti, Deputy Attorney General, argued the cause for amicus curiae State of New Jersey, (Robert J. Del Tufo, Attorney General of New Jersey, attorney; Michael R. Clancy, Assistant Attorney General, of counsel; Sandra L.K. Manning, Deputy Attorney General, on the brief).
Peter N. Perretti, Jr., submitted briefs on behalf of amici curiae New Jersey Bankers Association and American Bankers Association, (Riker, Danzig, Scherer, Hyland & Perretti, attorneys; Peter N. Perretti, Jr., Robert Fischer, III, John J. Farmer, Jr., and David P. Arciszewski, on the brief).
The Supreme Court of New Jersey.
PER CURIAM.
We granted certification, 122 N.J. 137, 584 A.2d 210 (1990), primarily to consider the contention of First Fidelity Bank, N.A., New Jersey (Fidelity) that "in a published decision without precedent in the United States the Appellate Division had ruled that every investment security, whether a stock, bond, note or in some other form, is a contract of adhesion subjecting every term of the...
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