More on
the Mortgage Grader Decision
Previously I wrote on the decisions of the New Jersey trial
and Appellate Division courts regarding the Mortgage Grader dispute and the
question of whether a dissolving LLP must continue to maintain malpractice
insurance in order for the firm’s partners to enjoy limited liability. Here are links to the discussions of the
decision of the decision of the Appellate Division and how the case was presented to the New Jersey Supreme Court.
Earlier this year the New Jersey Supreme Court issued its
decision in the case, reversing the decision of the Appellate Division and
holding that malpractice insurance need not be maintained during the winding-up
phase.
The Journal of Passthrough Entities has just
published my review of that decision; HERE IS A LINK to that article.
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