NJ sustain CAP forfeiture

1 reply [Last post]
Anonymous's picture

The NJ courts have sustained Citi/Smith Barney's position that the CAP program is NOT an illegal diversion of wages or an illegal forfeiture provision.  To read the full case, visit:
http://lawlibrary.rutgers.edu/courts/appellate/a5252-04.opn. html
I will be happy to answer personal message queries through this forum or to me at rrbdlawyer@aol.com in order to preserve your confidentiality.

doberman's picture
Joined: 2005-02-22

Thanks for the heads-up, Bill.
Not that it would ever apply to me, but if SB ever walked in my front door with a check for 5x my trailing 12, it would be nice to know.

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