The Real Deal New York

LeFrak heir loses appeal of $5M fraud lawsuit

Argued that lawyer's "blowhard" remark was unfair; judges OKed judgment

March 12, 2014 08:35AM

  • Print
shore-south,gif

Jamie LeFrak and 20 Newport Parkway in Jersey City

The Appellate Division of New Jersey Superior Court approved a $4.8 million judgment against LeFrak Organization heir Jamie LeFrak on Monday in a condominium development fraud lawsuit.

LeFrak was accused of defrauding 16 owners of condominium units at Shore South at 20 Newport Parkway in Jersey City. The developer was constructing a high-rise in front of the complex, blocking the “unparalleled waterfront views” that the new tenants claimed salespeople had promised. 

LeFrak filed an appeal of a jury award in 2011, arguing that the lawyer for the condo owners unfairly depicted him as a wealthy “blowhard.” A three-judge panel said the lawyer’s remarks were fair given the evidence, the New York Post reported.

“While the term ‘blowhard’ may have been ill-advised, it clearly referenced LeFrak’s bragging and boasting about the ‘surprising views’ … at the same time plans were moving ahead to build the 31-story Aquablu,” the judges said.

In 2011, the judge also ordered LeFrak and his firm to pay $1 million in legal fees, as previously reported. [NYP]Mark Maurer

  • http://www.batman.com BobthePlunger

    You’re promised views for the time being. Any idiot would know that if you’re not on the waterline, your views will get blocked eventually.

  • HughGass

    Don’t trust anybody with Gordon Gecko hair.

  • statist

    Yeah, but if you’re selling a view and building something You know will
    block the view at the same time, then it could be argued there was not
    proper disclosure.

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News