Edited by Scott Morgan

RWJ Leases Space at Ibis Plaza

RWJ Hamilton has signed a 15 year lease for 6,300 square feet at Ibis Plaza on Quakerbridge Road. RWJ’s Diabetes & Endocrinology Group has 10 examining rooms and a clinical research center here.

The practice includes five physicians and two patient education specialists.

The newly constructed 6,300-square-foot center is part of the Ibis Plaza Office Suites, which consists of 120,000-square-feet of space in two buildings.

RWJ Hamilton Diabetes and Endocrinology, 3525 Quakerbridge Road, Suite 2000, Hamilton 08619; 609-581-7725; fax, 609-689-2612. www.rwjhamilton.org.

Ibis Plaza Office Suites, 3505-9 Quakerbridge Road, Ibis Plaza, Box 3199, Hamilton 08619-1205; 609-528-2528; fax, 609-482-4204. Christopher Jerjian, president. www.ibisplaza.com.

Lawsuits

Snack Factory, Box 3562, Princeton 08543-3562; 609-683-5400; fax, 609-683-9595. Warren Wilson, president. Home page: www.snackfactory.com, .

Warren and Sara Wilson, owners of Snack Factory snack foods, filed a malpractice suit on December 24 against their former attorney, alleging that the lawyer’s ineptness cost the business a $100 million sale.

According to court documents, the Snack Factory, which produces Pretzel Crisps pretzel chips and other popular snacks, had been working since 2006 on a deal to sell the property rights to the pretzel chips to snack food giant Pepperidge Farms. Bernard Eizen, a tax and estate attorney from Eizen, Fineburg & McCarthy in Philadelphia, was hired by the Wilsons to work the deal.

But according to the records, the Wilsons claim Eizen bungled the intellectual property aspect of the sale, leading to a series of later offers that either fell through or fell short.

Pepperidge Farms had entered into a manufacturing agreement with the Wilsons in 2007 that proved unsatisfactory to the owners. This led to legal wrangling between the two companies, and the suit claims that a $100 million buyout offer (from an unidentified food conglomerate) fell through for Snack Factory because of the dispute with Pepperidge Farms.

It also claims that a subseqent offer of $90 million from an unidentified private investor fell through in 2008 because of a $20 million counter-suit filed by Pepperidge Farms against the Snack Factory.

In June a third offer was made but the Wilsons argue in their December 24 suit that the offer was for “far less than what Snack Factory would have been purchased for, but for defendants’ negligence.”

Szaferman, Lakind, Blumstein, & Blader PC, 101 Grovers Mill Road, Quakerbridge Executive Center, Suite 200, Lawrenceville 08648; 609-275-0400; fax, 609-275-4511. Barry D. Szaferman, managing partner. www.szaferman.com.

Three X-ray technicians at Princeton Orthopedics on Bunn Drive have won a $2.8 million lawsuit against A. Walsh Imaging of Bergen County, regarding the improper installation of an X-ray processor.

According to Szaferman Lakind, the Lawrenceville-based law firm that represented the technicians, Walsh installed the processor in the way of existing ventilation, causing caustic gas leakage that led to permanent respiratory damage to the employees.

Attorney Stephen Blader said in a statement that the technicians became ill immediately following the installation and that Walsh returned to install a ventilation pipe two days later. That pipe, however, was perforated and leaked the gasses for months, Blader said.

Edward Thornton, who represented Walsh, admitted liability, stating that the only question was the amount of damage to the employees.

Management Moves

Magyar Bank, 3050 Route 27, Box 5219, Kendall Park 08824; 732-297-4600; fax, 732-821-7509. John Fitzgerald, acting president and CEO.www.magyarbank.com.

Magyar Bank CEO and president Elizabeth Hance has resigned. The bank’s board of directors has named John Fitzgerald, long-time vice president and COO, as acting CEO and president.

Crosstown Moves

NAI Fennelly Inc., 200 Whitehead Road, Suite 218, Hamilton 08619-1209; 609-520-0061; fax, 609-631-9208. Gerard J. Fennelly, president. www.fennelly.com.

Jerry Fennelly has moved his commercial real estate firm from Ibis Plaza on Quakerbridge Road to Whitehead Road.

Deaths

Timothy Callanan, 56, on December 27. He owned Callanan Stained Glass in Morrisville.

John Simonetti, 60, on December 24. A Princeton University graduate and scientist, he worked with Schlumberger and earned numerous patentsr. He also developed sensors for the Hubble Telescope and Cassini Space Probe.

Pritch Matthews, 80, on December 23. A member of the Somerset County Cultural and Heritage Commission, she directed an art gallery for in the new Somerset County Administration Building in Somerville in the early 1990s.

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