PAN TECHNOLOGY, INC. VS. GERSHON ALEXANDER (L-3565-11, BERGEN COUNTY AND STATEWIDE) (CONSOLIDATED)

CourtNew Jersey Superior Court Appellate Division
DecidedAugust 3, 2021
DocketA-2423-19/A-3419-19
StatusUnpublished

This text of PAN TECHNOLOGY, INC. VS. GERSHON ALEXANDER (L-3565-11, BERGEN COUNTY AND STATEWIDE) (CONSOLIDATED) (PAN TECHNOLOGY, INC. VS. GERSHON ALEXANDER (L-3565-11, BERGEN COUNTY AND STATEWIDE) (CONSOLIDATED)) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
PAN TECHNOLOGY, INC. VS. GERSHON ALEXANDER (L-3565-11, BERGEN COUNTY AND STATEWIDE) (CONSOLIDATED), (N.J. Ct. App. 2021).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-2423-19 A-3419-19

PAN TECHNOLOGY, INC.,

Plaintiff-Respondent,

v.

GERSHON ALEXANDER,

Defendant-Appellant,

and

HAROLD P. COOK, III, JOSEPH C. PERCONTI, MICHAEL DELLA FAVE and BRIAN LUBEERT and ONE WASHINGTON HOLDINGS, LLC, a New Jersey Limited Liability Company,

Defendants. _______________________

Argued April 21, 2021 – Decided August 3, 2021

Before Judges Ostrer, Accurso and Vernoia. On appeal from the Superior Court of New Jersey, Law Division, Bergen County, Docket No. L-3565-11.

John J. Segreto argued the cause for appellant (Segreto & Segreto, LLP, attorneys; John J. Segreto, of counsel and on the briefs).

Matthew S. Slowinski argued the cause for respondent (Slowinski Atkins, LLP, attorneys; Matthew S. Slowinski, on the briefs).

PER CURIAM

In these two appeals, which we consolidate for purposes of our opinion,

we review two trial court orders directing the turn-over of funds to plaintiff Pan

Technology (Pan) to satisfy a 2011 judgment against Gershon Alexander

(Gershon).1 Because there existed genuine issues of material fact regarding who

owned the funds, we reverse both orders, and remand for discovery and plenary

hearings.

I.

On May 26, 2011, Pan obtained final judgment for $246,134.56 plus

interest against Gershon and others. Pan recorded the judgment as a lien on

September 1, 2011. In November 2019, Pan intensified collection efforts and

secured a Writ of Execution against Gershon in the amount of the judgment.

1 Because these appeals involve three family members with the same last name, we use first names for convenience and mean no disrespect in doing so. A-2423-19 2 Pan then filed two separate turn-over motions — one involving a TD Ameritrade

account in which Gershon's father Harold has an interest, and a second involving

a Santander Bank account in which Gershon's wife Tamar has an interest. We

review the circumstances surrounding each order.

A.

At Pan's request, the Passaic County Sheriff served a TD Ameritrade

branch in Wayne with the writ of execution. A bank representative informed

the officer that the bank maintained an account with $127,181.73 "in the name

of Harold C. Alexander and Gershon Alexander."

Pan then filed a motion to turn over the account's funds. Gershon

responded by filing a claim of exemption from writ of execution pursuant to R.

4:59-1(h). Both Gershon and Harold requested a hearing, but the court did not

hold one. Shortly thereafter, the two men presented sworn affidavits opposing

Pan's motion. Harold asserted he added his son's name to the account in

November 2018 "for convenience and for transfer on death." Harold stated he

deposited all the money in the account, and Gershon deposited nothing. Gershon

asserted the same thing in his affidavit. Gershon also provided account

statements that purported to show that Harold entirely funded the account.

Gershon asserted "[t]he contents of the account are not [his] assets" and thus

A-2423-19 3 should not be eligible to satisfy Pan's judgment; and "[h]ad [he and Harold]

realized that placing [Gershon's] name on the account would jeopardize

[Harold]'s funds to satisfy [Gershon's] legal obligations," they never would have

done so. The relevant account statements list both Harold and Gershon on the

account, and the account was labeled "JT WROS," which the parties agree

signifies a joint tenancy with the right of survivorship.

The court heard oral argument on the motion but did not take testimony.

Pan's counsel argued "all the evidence . . . is that this is a joint tenant account.

They both own an interest in the whole, and it . . . was a gift in praesenti" absent

evidence to the contrary. Gershon's counsel conceded "[t]he title to the account

allows both parties to direct control over the account," but he asserted that

parties may present evidence they "intended something different than what . . .

title to the account" says; and the affidavits established the parties' intent was to

add Gershon to the account so it would pass to Gershon upon Harold's death.

The judge noted that no one submitted "opening account documents" that

would have defined Gershon's authority, if any, over the account. The judge

said he struggled with the fact that a [transfer on death] account was "plated"

with both names, meaning both equally controlled the account. And, "there's

certainly indications that indicate that both parties [Gershon and Harold] . . . can

A-2423-19 4 make a claim to all the assets in the account." The judge also asked if Harold

alone owned the accounts that funded the TD Ameritrade account, but counsel

could not provide an answer.

The court granted Pan's motion from the bench, finding the information

presented established the account was plated as a joint account. "And with

respect to a joint account, it indicates that either party on a joint account has the

right to the assets within the account, simply based on the plating." Defendant

immediately moved for a stay, which the court denied. The briefs indicate the

funds have since been removed from Harold's account and turned over to Pan.

B.

Turning to the Santander account, the Middlesex County Sheriff served

Santander's East Brunswick location with a levy on Gershon's funds. Almost

two months later, the bank notified the Sheriff that it was "currently holding

$19,562.74 in the name(s) of GERSHON D ALEXANDER in response to a[n]

NJ Execution." The Sheriff then served Gershon with a notice that the funds

were levied upon. Pan filed a motion to turn over the funds, which Gershon

opposed. Gershon certified the account had always belonged solely to his wife,

and he was not a joint holder of the account. Gershon attached a recent account

statement that only bore Tamar's name.

A-2423-19 5 In a reply certification, Pan's counsel recounted a telephone conversation

with Santander's legal counsel, William Votta, who stated that Gershon removed

his name from the levied account on January 23, 2020, which was two days after

the bank advised the Sheriff it was holding Gershon's funds. Votta told counsel

the account previously listed Gershon and Tamar as co-owners. The court issued

an order directing the bank to turn over the funds.

Gershon then sought reconsideration, based on a certification from the

same bank lawyer who spoke to Pan's counsel. Votta certified that after

receiving notice of the levy, Gershon complained to the bank's "Complaint's

Team" that he did not jointly own the account "regardless of the information

contained in Santander's electronic systems," and notwithstanding that Gershon

had been receiving account statements since November 2017, when Santander

added him to the account. Votta stated that after the court decided the turn-over

motion, "the Santander Complaints Team determined that Gershon Alexander

was never intended to be a joint account holder [of the account] . .

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PAN TECHNOLOGY, INC. VS. GERSHON ALEXANDER (L-3565-11, BERGEN COUNTY AND STATEWIDE) (CONSOLIDATED), Counsel Stack Legal Research, https://law.counselstack.com/opinion/pan-technology-inc-vs-gershon-alexander-l-3565-11-bergen-county-and-njsuperctappdiv-2021.