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CASINO REINVEST. DEV. AUTH. v. COHEN

728 A.2d 868 (1998)

321 N.J. Super. 297

CASINO REINVESTMENT DEVELOPMENT AUTHORITY, a public corporate body of the State of New Jersey, Plaintiff, v. Norman COHEN; Security Savings and Loan Association; Security Savings Bank, SLA; Bank of America National Trust & Savings Association (now appearing as Post Mortgage, Inc.); Resolution Trust Corporation as Conservator or Receiver for Security FSB; State of New Jersey; Marvin H. Sunshine, Esq.; Eva Ingram; Bank Leumi Trust Company of New York American Express Travel Related Services Company, Inc.; City of Atlantic City; M.D. Sass Municipal Finance Partners; First Fidelity Bank, N.A.; Atlantic City Municipal Utilities Authority; June Cohen; Matthew J. Scola, Esq.; and McDonald's Corporation, Defendants.

Superior Court of New Jersey, Law Division, Atlantic County.

Decided September 30, 1998.

Attorney(s) appearing for the Case

Ernest Schoellkopf, Roseland, for plaintiff (Connell Foley & Geiser, attorneys).

Adam Greenberg, Voorhees, for defendant M.D. Sass Municipal Finance Partners (Honig & Greenberg, attorneys).

Beverly Graham-Foy, for defendant City of Atlantic City.

Howard Drucks, Atlantic City, for defendant Post Mortgage Corp. (Horn Goldberg Gorny Plackter Weiss & Perskie, attorneys).

James Lubin, for FDIC.

Harry Franks, for Lonnie Griffin (McGahn Friss Franks & Tripician, Northfield, attorneys).

WILLIAMS, A.J.S.C.

This matter comes before the court on motions to withdraw funds on deposit with the Superior Court Trust Fund Unit in the underlying condemnation action. There are insufficient funds on deposit to satisfy all claims.

M.D. Sass Municipal Finance Partners (Sass) asserts a claim pursuant to N.J.S.A. 54:5-6, based on its purchase of a tax sale certificate and payment of subsequent taxes. Post...

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