In a final judgment entered following twelve days of trial, the Superior Court of New Jersey, Monmouth County, found in favor of WSSLLP’s client, a securities-industry principal, in a tortious interference with contract claim brought by a former registered representative.  The case was handled by New Jersey partner Steven Mellen.

In the trial, the registered representative alleged he had been underpaid by another registered representative in connection with the sale of his book of business, and that WSSLLP’s client was jointly liable for this alleged underpayment on grounds including the procurement of allegedly improper calculations of the amount due.  Having previously secured pre-trial dismissal of plaintiff’s claims for fraud and alleged violations of the New Jersey Consumer Fraud Act, Mellen successfully demonstrated at trial that the calculations had been accurate and performed in good faith, and that there were no grounds for a claim of tortious interference under New Jersey law.  After twelve days of trial and review of detailed post-trial submissions submitted by all parties, the Honorable Linda Grasso Jones of the Superior Court of New Jersey agreed with the defense, dismissing the tortious interference cause of action and holding that judgment should be entered in favor of WSSLLP’s client.

A copy of the final decision and order can be read here.