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DEBRANGO v. SUMMIT BANCORP

745 A.2d 561 (2000)

328 N.J. Super. 219

John DEBRANGO and Catherine Debrango, Plaintiffs-Appellants/Cross-Respondents, v. SUMMIT BANCORP, Defendant-Respondent/Cross-Appellant, and Alejandro G. Alonso, a/k/a Alex G. Alonso, William Mendel, Provident Mutual Life & Annuity Company of America, Bank of New York, Stanley Rolnick, John Hancock Distributors, Inc., John Hancock Mutual Life Insurance Co., Defendants.

Superior Court of New Jersey, Appellate Division.

Decided February 10, 2000.

Attorney(s) appearing for the Case

Victor Herlinsky, Jr., Hackensack, for plaintiffs-appellants/cross-respondents (Mr. Herlinsky, attorney; Jonathan J. Mincis, Teaneck, on the brief).

Gregg S. Sodini, Parsippany, for defendant-respondent/cross-appellant (Harris, Beach & Wilcox, Hackensack, attorneys; Mr. Sodini and Mary Fran Farley, on the brief).

Before Judges KING and LEFELT.

The opinion of the court was delivered by LEFELT, J.S.C. (temporarily assigned).

Plaintiffs John and Catherine DeBrango ("plaintiffs" or "DeBrangos") were defrauded by their son-in-law Alejandro Alonso, who claimed to be acting as their financial advisor. Seeking to recover their misappropriated funds, plaintiffs sued Alonso, Summit Bank, the Bank of New York and several other entities, based on theories of fraud, wrongful...

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