The Appellate Division, noting that Plaintiffs in this action never identified the legal theory being asserted in their instant action, opined that "Supreme Court properly dismissed [Plaintiffs'] third cause of action", which referenced the State of New Jersey's Consumer Fraud Act [NJCFA].*
Noting that that the Defendants in the instant action were acting as arbitrators, the Appellate Division opined that "putting aside the impropriety of Plaintiffs' post hoc effort to recast the cause of action as an NJCFA claim", the State of New Jersey's "NJCFA does not apply to learned professionals such as attorneys and arbitral tribunals when they are performing professional services".
Citing Pollak v Moore, 85 AD3d 578, the Appellate Division also found that Plaintiffs provided no basis for either Supreme Court or the Appellate Division to grant leave to serve a second amended complaint on Defendants, explaining that Plaintiff's "provided no proposed pleading, nor did they allege any new facts that would overcome the deficiencies in [their earlier] amended complaint."
* See NJ Stat Ann 56:8-2.
Click HERE to access the Appellate Division's decision posted on the Internet.