Theodore Rudbart, Natalie Rudbart, Beverly Litoff and Benjamin Weltman, Plaintiffs-Respondents v. North Jersey…

Summary

The Supreme Court of New Jersey reversed the Appellate Division, holding that the notice‑by‑publication provision in the municipal notes is enforceable despite the notes being contracts of adhesion, and that plaintiffs are entitled to an equitable share of interest earned on unredeemed funds. The Court remanded for further determination of damages and allocation. Separate opinions dissent from the enforceability finding and from the award of post‑redemption interest.