M. Edward Defazio, Plaintiff-Appellant v. Haven Savings and Loan Association, a Corporation of the State of New…

Summary

The Supreme Court of New Jersey affirmed the trial court’s judgment that it lacked subject‑matter jurisdiction over the plaintiff’s “in‑lieu” common‑law action because the Savings and Loan Act grants exclusive jurisdiction to the Commissioner and limits judicial review to the Superior Court. The Court interpreted the statute’s language broadly, holding that the word “information” includes members’ names and addresses, and that the statutory scheme supplants any common‑law right to sue.