Red Bank, N.J. – – On August 17, 2010 the Honorable Robert J. Brennan, J.S.C. of the Superior Court of New Jersey, Morris County, New Jersey certified a national class action in the case Frank K. Cooper Real Estate #1, Inc. et al. vs. Cendant Corporation and Century 21 Real Estate Corporation, Docket Number MRS-L-377-02.
The plaintiffs, Century 21 Franchise owners, allege that during the period August 1, 1995 through April 17, 2002 the defendants, Cendant Corporation and Century 21 Real Estate Corporation, misused funds, eliminated support and referral services, and engaged in other activity in violation of the parties’ franchise agreements. As a result of the defendants’ actions, the plaintiffs have suffered significant damages.
The plaintiffs include all Century 21 franchisees who were franchisees at anytime during the period August 1, 1995 through April 17, 2002 inclusive (the “Class Period”), and whose franchise agreements contain a New Jersey choice of law and a New Jersey venue and jurisdiction clause and who have not executed releases which release or waive the claims asserted in this litigation (the “Class”).
The Plaintiffs are represented by Keefe Law Firm, Dan Drachler and Robert Schachter of Zwerling, Schachter, & Zwerling, LLP, and Robin Campbell of Adorno & Yoss, LLP.
“The Court’s ruling reaffirms that New Jersey’s Consumer Fraud Act is alive and well in the class action context and remains a crucial tool for the consumer to level the playing field when fighting corporate giants such as Cendant and Century 21,” says an attorney of Keefe Law Firm.
Keefe Law Firm’s headquarters is located at 170 Monmouth Street, Red Bank, NJ 07701.
