John Giovanni Granata v. Edward F. Broderick, Jr. (078207) (Passaic County and Statewide)

Summary

The Supreme Court of New Jersey affirmed the Appellate Division’s judgment, holding that an attorney’s pledge of anticipated fees constitutes an account receivable under UCC Article 9 and that OKS Realty’s filing of a financing statement properly perfected its security interest, giving it priority over other creditor liens. The Court also affirmed the distribution priorities among the creditors as set by the lower court.