J.L.B. Equities, Inc. v. Dumont

The opinion of the court was delivered by

PETRELLA, P.J.A.D.

This is an appeal by J.L.B. Equities, Inc. (J.L.B.) from an order of the Law Division dismissing its negligence case against defendant W. Hunt Dumont for alleged breach of his duties as receiver of Triad Investment Partnership-1986, L.P. (Triad). The judge granted Dumont’s motion to dismiss the complaint and denied J.L.B.’s cross-motion for summary judgment.

J.L.B. has appealed, arguing that the judge erred in holding that (1) its complaint is barred by its failure to intervene in the receivership action or seek an order vacating…