FREVS appeals denial of $15M liquidated damages; purchaser cross-appeals adverse ruling

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.

On Dec 8, 2022, court awarded FREVS $3.4M in attorneys' fees; plaintiff's fee request denied.
FREVS appealed Feb 4 order that declared $15M liquidated damages unenforceable and returned escrow to plaintiff.
Purchaser cross-appealed on Dec 22, challenging breach finding, reconsideration denial, and fee award.
Litigation stems from a 2020 contract dispute over sale of six real properties.

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