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Lee v. First Union National Bank

N.J.June 3, 2009No. A-58 September Term 2008Cited 35 times

Case Details

Judge(s)
LaVECCHIA
Status
Published
Procedural Posture
appeal

Related Laws

No specific laws identified for this ruling.

Outcome

The New Jersey Supreme Court held that the sale of securities is not covered under the Consumer Fraud Act (CFA) and reversed the Appellate Division's decision, reinstating the trial court's dismissal of the plaintiff's CFA claim. The court found that securities are explicitly excluded from the CFA's definition of 'merchandise.'

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