In re New Jersey Transit Award of Contracts No, 21-048A and 21-048B, ___ N.J. Super. ___ (App. Div. 2022). Published opinions from appellate courts about stays are relatively rare. Today, however, the Appellate Division, speaking through Judge Accurso, produced such an opinion. The context was a bidding competition for certain bus routes that unfolded before New Jersey Transit (“NJT”), which had issued a request for proposal (“RFP”) and was statutorily empowered to award the two contracts at issue. There were only two bidders: Academy Express, LLC and Orange, Newark,...

Sipko v. Koger, Inc., ___ N.J. ___ (2022). This is the second time that this intra-family business divorce case came before the Supreme Court. The first iteration, which dates back to 2013, was discussed here. Today’s decision, written by Justice Pierre-Louis for a 5-0 Supreme Court (Justice Patterson recused in this case), addressed whether a marketability discount should have been applied in valuing plaintiff’s interest in the businesses. A marketability discount, Justice Pierre-Louis explained, “reflect[s] the decreased worth of shares of stock in a closely held...

Wilmington Savings Fund Society, FSB v. Daw, ___ N.J. Super. ___ (App. Div. 2021). Judge Sabatino issued this opinion for the Appellate Division today, in a case that arises out of Superstorm Sandy. It consumes 36 pages and is well worth reading in full. But the first few pages of the opinion explain very well what the case is about, what the governing principles are, and the panel’s ultimate ruling that the case is being remanded for further development of the record. As a result, this remainder of this post is a (shameless but convenient) quotation of those pages of the Appellate...