Decision Underscores Need to Know Partner’s Practices
August 27, 2001
Defense lawyers are watching developments in Associates v. Troup closely because of its implications for lender-assignees. Although the New Jersey appellate court ruled heavily in favor of the borrower, defense lawyers say the case is in its early stages and much more will unfold as it progresses. "While we don’t agree with many parts of the decision, there is still a heavy burden on the borrower to show that investors who never met the borrower