ADS ASSOC. v. ORITANI SAV. BANK

A-114 September Term 2011, 069987

99 A.3d 345 (2014)

219 N.J. 496

ADS ASSOCIATES GROUP, INC., and Brendan Allen, Plaintiffs-Respondents, v. ORITANI SAVINGS BANK, Defendant-Appellant, and Asnel Diaz Sanchez, Defendant.

Supreme Court of New Jersey.

Decided September 30, 2014.

Reargued April 9, 2014.


Attorney(s) appearing for the Case

Gregg S. Sodini , Edison, argued the cause for appellant.

Gary S. Newman , Roseland, argued the cause for respondents (Newman & Denburg, attorneys).


Justice PATTERSON delivered the opinion of the Court.

In this appeal, the Court considers whether an individual who is not the customer of a bank can assert a common law negligence claim, premised upon the bank's allegedly improper handling of a corporation's funds transfers.

This case arose from a business venture that was established by plaintiff Brendan Allen (Allen) and defendant Asnel Diaz Sanchez (Sanchez). The venture was operated through plaintiff...

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