Subcontractors take note - Appellate Division confirms that construction lender has no duty to subcontractor absent express promise to pay

The New Jersey Appellate Division recently ruled in Vollers Excavating and Construction, Inc. v. Citizens Bank of Pennsylvania, Docket No.

Filed under:
USA, New Jersey, Banking, Construction, Insolvency & Restructuring, Litigation, Cole Schotz PC, Bankruptcy, General contractor, Subcontractor
Authors:
Peter James Herrigel
Location:
USA
Firm:
Cole Schotz PC