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CEDAR RIDGE TRAILER SALES, INC. v. NAT. COMMUN. BANK

711 A.2d 338 (1998)

312 N.J. Super. 51

CEDAR RIDGE TRAILER SALES, INC., a Corporation of the State of New Jersey, Plaintiff-Respondent, and Joseph Barbagallo and Carmela Barbagallo, Plaintiffs, v. NATIONAL COMMUNITY BANK OF NEW JERSEY, a banking institution, Defendant-Appellant, and Fleetwood Motor Homes of Indiana, Inc.; Fleetwood Motor Homes of Pennsylvania, Inc.; Fleetwood Credit Corporation; Fleetwood Enterprises, Inc.; Ganis Corporation; Richard D. Shanklin; National Community Banks, Inc.; Edwin B. Benson; and the Bank of New York, N.A. National Community Division, Defendants.

Superior Court of New Jersey, Appellate Division.

Decided May 26, 1998.

Attorney(s) appearing for the Case

James H. Forte, Newark, for defendant-appellant (Saiber Schlesinger Satz & Goldstein, attorneys; Mr. Forte, James H. Aibel, Michael J. Geraghty and Thomas A. Della Croce, on the brief).

Ronald J. Picinich, Hackensack, for plaintiff-respondent (Picinich & McClure, attorneys; Mr. Picinich, William R. McClure and Douglas Nasta, on the brief).

Before Judges KEEFE, PAUL G. LEVY and WECKER.

The opinion of the court was delivered by

KEEFE, J.A.D.

Defendant, the Bank of New York, successor in interest to National Community Bank of New Jersey (hereinafter, the "Bank"), appeals from a judgment entered on a jury verdict against it in favor of plaintiff, Cedar Ridge Trailer Sales, Inc. (hereinafter "plaintiff" or "Cedar Ridge"), in the amount $600,000 for compensatory damages and $100,000 for punitive damages. We reverse for the reasons stated herein...

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