LeFrak heir loses appeal of $5M fraud lawsuit

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

TRD New York /
Mar.March 12, 2014 08:35 AM

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

Related Articles

A new rent law is causing confusion (Credit: iStock)

Widespread confusion over preferential rents opens the door for rent hikes

LeFrak looks to sell another Jersey City office building

Jersey City Mayor Steve Fulop (Credit: Getty Images)

Jersey City mayor’s ally is subject of grand jury inquiry into tax evasion

Jersey City’s 90 Columbus hits leasing milestone, Toll Brothers markets spec office building in Hoboken & more North Jersey real estate news

Mack-Cali brings Whole Foods regional HQ to Jersey City, $85M Englewood apartment complex for sale & more North Jersey real estate news

New Jersey Cheat Sheet: Englewood mansion takes 75% price cut, Rock Spring Golf Club in West Orange sold for $11.1M… & more

New Jersey Cheat Sheet: Jersey City office tower sells for $170M, Mack-Cali buys Metropark building amid big portfolio sale… & more

New Jersey Cheat Sheet: Garden State tops property tax list, NKF hired to sell Newark tower, Kushner Cos. expands… & more