Tiger Revitalization Fund, LLC v. 309 Pine Plaza, LLC

CourtNew Jersey Superior Court Appellate Division
DecidedNovember 24, 2025
DocketA-1592-24
StatusUnpublished

This text of Tiger Revitalization Fund, LLC v. 309 Pine Plaza, LLC (Tiger Revitalization Fund, LLC v. 309 Pine Plaza, LLC) 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.

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Tiger Revitalization Fund, LLC v. 309 Pine Plaza, LLC, (N.J. Ct. App. 2025).

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NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ."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-1592-24

TIGER REVITALIZATION FUND, LLC and 408 WHITON PLAZA, LLC,

Plaintiffs-Respondents,

v.

309 PINE PLAZA, LLC and SHIMON JACOBOWITZ,

Defendants-Appellants,

and

PINE WHITON HOLDINGS, LLC,

Interested Party. __________________________________

309 PINE PLAZA, LLC, 309 PINE PLAZA TENANT, LLC, 309 PINE PLAZA MANAGER, LLC, CAVEN ACRES, LLC, and SHIMON JACOBOWITZ, individually and derivatively on behalf of 129 LINDEN HOLDINGS, LLC and PINE WHITON HOLDINGS, LLC,

Third-Party Plaintiffs-Appellants, v.

MOSHE C. "MARK" RIGERMAN, PAUL JENSEN, f/k/a YISROEL RIGERMAN, ELIMELECH RIGERMAN, TIGER REVITALIZATION FUND, LLC, 408 WHITON PLAZA, LLC, 408 WHITON PLAZA MANAGER, LLC, STREKTE CORP., STREKTE NY, LLC, STK EIGHT, LLC, FOLXCO, LLC, and CAVEN VIEWS, LLC,

Third-Party Defendants- Respondents.

129 LINDEN HOLDINGS, LLC, LINDEN GARDENS JC LLC, CAVEN POINT PARTNERS LLC, KISPM, LLC, and PINE WHITON HOLDINGS, LLC,

Nominal/Interested Parties. __________________________________

Argued October 27, 2025 – Decided November 24, 2025

Before Judges Sabatino and Walcott-Henderson.

On appeal from the Superior Court of New Jersey, Chancery Division, Hudson County, Docket No. C-000072-24.

Luke J. O'Brien argued the cause for appellants (Calcagni & Kanefsky LLP, attorneys; Samuel Scott Cornish and Luke J. O'Brien, of counsel and on the briefs).

A-1592-24 2 Andrew R. Macklin argued the cause for respondents (Brach Eichler, LLC, attorneys; Thomas Kamvosoulis, of counsel; Andrew R. Macklin, of counsel and on the brief; John A. Simeone, on the brief).

PER CURIAM

This appeal concerns whether some or all of the claims in multiple related

lawsuits should be arbitrated. It arises out of a fierce legal battle involving

businessmen Shimon Jacobowitz, Moshe "Mark" Rigerman, Paul Jensen, and

their associated entities.

Despite the complexity of the matter, we endeavor to describe the context

succinctly. Jacobowitz took part with Rigerman and Jensen in four real estate

projects, three in Jersey City and one in New Brunswick.

Of particular relevance here is an agreement between Rigerman and

Jensen entities and Jacobowitz entities regarding one of the properties, located

on Pine Street in Jersey City, which was held under the name Pine Whiton

Holdings, LLC ("Pine Whiton"). According to Jacobowitz, Rigerman and

Jensen represented to him that they were able to develop the Pine Street property

into an apartment building for a total cost of no more than $10 million.

Jacobowitz later claimed Rigerman's and Jensen's representations were

inaccurate, and that the completed project exceeded that sum. Meanwhile,

A-1592-24 3 Rigerman and Jensen claim that their entities own a majority interest in Pine

Whiton as a result of Jacobowitz defaulting on a 2019 loan agreement.

The Operating Agreement ("OA") for Pine Whiton included an arbitration

clause requiring that any dispute arising out of or relating to the agreement or

company "shall be submitted to binding arbitration before a qualified arbitrator

. . . under [a private dispute resolution company's] Streamlined Arbitration

Rules and Procedures."

The parties' interrelated disputes came to a head in 2023. They then

entered into what is described by Jacobowitz as a settlement agreement that

enabled them to refinance the construction loan for the Pine Street project and

obtain a permanent loan and mortgage. The refinancing closed in November

2023, and the parties received funds that Jacobowitz claims were

disproportionately distributed.

Beginning in May 2024, Rigerman, Jensen, and their associated entities

("the Rigerman/Jensen parties") filed four separate complaints, three in the

Chancery Division and one in the Law Division, alleging Jacobowitz and his

entities ("the Jacobowitz parties") engaged in various breaches and misdeeds on

each project. The Jacobowitz parties responded with a 422-paragraph answer

and counterclaim, reciprocally accusing the Rigerman/Jensen parties of various

A-1592-24 4 breaches and misdeeds. Three of the counts in the counterclaim (counts VI, VII

and X) related to the Pine project.

In vigorous motion practice, the Rigerman/Jensen parties argued that

counts VI, VII, and X of the counterclaim must be dismissed and arbitrated in

accordance with the arbitration clause in the OA. The Jacobowitz parties did

not dispute the existence of the arbitration clause but argued the

Rigerman/Jensen parties had waived arbitration. In the alternative, they moved

to compel arbitration for all of the Rigerman/Jensen parties' claims.

In a written order on December 20, 2024, the court granted arbitration

solely as to the three above-noted counts of the counterclaim, leaving all

remaining claims in the Superior Court. The court declined to stay the litigation

while the arbitration proceeded.

The Jacobowitz parties have appealed, arguing the trial court erred in

granting the arbitration motion and in rejecting their assertion of waiver. They

further argue the court erred in denying their cross-motion, in the alternative to

a ruling of waiver, for an order compelling arbitration of all claims subject to

arbitration.

Nothing more needs to be said about the facts and procedural history, with

which the parties are well familiar.

A-1592-24 5 I.

On appeal, the Jacobowitz parties argue: (1) the Rigerman/Jensen parties

waived their right to arbitration under the factors of Cole v. Jersey City Med.

Ctr., 215 N.J. 265, 276 (2013); and (2) in the alternative, if no waiver is found

and arbitration is mandated, then all claims in the related lawsuits should be

adjudicated in that arbitral forum. Relatedly, the Jacobowitz parties request a

stay of all court proceedings pending the outcome of any arbitration because

they contend the 2023 settlement agreement is central to the claims on each

project.

For the reasons that follow, we affirm the trial court's decision referring

only the three specified counts of the counterclaim to arbitration and finding no

waiver. However, we remand the matter for a case management conference. At

the conference the court should further consider, with additional input from

counsel, whether a full or partial stay of the litigation is prudent while the

severed claims are being arbitrated.

A.

Our review of the trial court's ruling is guided by several established

principles.

To begin with, there is a strong judicial preference for "arbitration as a

A-1592-24 6 mechanism of resolving disputes," when parties have agreed to resolve their

differences in that forum in lieu of the court system. Martindale v. Sandvik Inc.,

173 N.J. 76, 92 (2002). Arbitration agreements are only valid if they are "the

product of mutual assent, as determined under customary principles of contract

law." NACCP of Camden Cnty. E. v. Foulke Mgmt. Corp., 421 N.J. Super. 404,

424 (App. Div. 2011). Parties are "not require[d] to arbitrate when they have

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