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MORTGAGE GRADER v. WARD & OLIVO

A-53 September Term 2014, 075310

139 A.3d 30 (2016)

225 N.J. 423

MORTGAGE GRADER, INC., Plaintiff-Appellant, v. WARD & OLIVO, L.L.P., and John Olivo, Esq., Defendants, and John Ward, Esq., Defendant-Respondent.

Supreme Court of New Jersey.

Decided June 23, 2016.

Attorney(s) appearing for the Case

Dennis T. Smith , Hackensack, argued the cause for appellant ( Pashman Stein , attorneys; Mr. Smith and Michael J. Zoller , on the briefs).

Daniel R. Bevere , Nutley, argued the cause for respondent (Piro, Zinna, Cifelli, Paris & Genitempo, attorneys; Mr. Bevere and Shane A. Sullivan , on the brief).

Peter J. Gallagher , Morristown, argued the cause for amicus curiae New Jersey State Bar Association ( Miles S. Winder III , President, attorney; Mr. Winder, of counsel; Mr. Gallagher and Mr. Winder, on the brief).

In this case, the Court must determine whether a law firm practicing as a limited liability partnership ("LLP") failed to maintain professional malpractice insurance to cover claims against it, and, if so, whether that failure may cause the revocation of the firm's LLP status, rendering...

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