A  New Jersey appeals court has ended the participation of a lawyer in a $24 million business deal with a client.

The Appellate Division ordered Debra Taylor’s cash investment in her client’s real estate venture terminated due to her failure to meet disclosure and documentation requirements in the Rules of Professional Conduct when she signed on as an investor. But an award of punitive damages and counsel fees is not warranted because Taylor’s conduct did not rise to the level of fraud, the court said.

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