Sherman Wells Sylvester Stamelman

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No More Secret Trusts? New Jersey’s Uniform Trust Code Mandates Disclosure to Beneficiaries…With Exceptions

May 10 2016 New Jersey's recently enacted Uniform Trust Code (the "UTC") contains many provisions that will streamline the administration of trusts under New…

In Stinging Rebuke to Financial Institutions and Title Companies, NJ Supreme Court Favors Law Firm’s Effort to Collect Unpaid Legal Bills

July 26 2016 In a case closely-watched by New Jersey Banks and the Title Industry and plainly important to both the New Jersey Supreme Court granted lien priority…

The Nonprofit Forum: A Simple Compliance Checklist

May 10 2016 Every nonprofit organization should, on a regular basis, run through a simple checklist to confirm that the organization is attending to some of the…

New Jersey Trial Court Finds Foreclosure Action Barred by Six-Year Statute of Limitations

July 26 2016 Addressing an issue of first impression, a trial court in Anim Investment v. Shaloub, BER-F-30508-15 (Ch. Div. Jun. 30, 2016), found that an assignee…

Recent Delaware Decisions: Disclaimers of Reliance in Acquisition Agreements; Stockholder & Director Demands for Books and Records under DGCL Section 220

April 27 2016 Delaware courts have recently considered several cases relating to “reliance disclaimers” in acquisition agreements. A disclaimer of reliance is a…

Omnibus New York Foreclosure Law Takes Effect on December 20, 2016

December 30 2016 Recent changes to New York's foreclosure statutory scheme are set to go into effect on December 20, 2016. These wide-ranging revisions include the…

U.S. Supreme Court Holds Defendant Criminally Liable Under Bank Fraud Statute for Stealing Customer’s Funds

December 30 2016 In Shaw v. United States of America, 2016 WL 7182235, 580 U.S. ---- (Dec. 12, 2016), the United States Supreme Court interpreted the reach of 18 U.S…

Appellate Division Affirms Discharge of Receiver After Settlement of Foreclosure Action

December 30 2016 In Investors Bank v. Trylon/CREST Construction, Inc., 2016 WL 5922751 (N.J. App. Div. Oct. 12, 2016), the Appellate Division affirmed the Trial…

Banking Alert - August 2016

August 31 2016 At the close of the 2016 legislative session, the New York Legislature passed changes to the mandatory foreclosure settlement conference law. These…

In Stinging Rebuke to Financial Institutions and Title Companies, NJ Supreme Court Favors Law Firm’s Effort to Collect Unpaid Legal Bills

July 26 2016 In a case closely-watched by New Jersey Banks and the Title Industry and plainly important to both the New Jersey Supreme Court granted lien priority…