The New Jersey Supreme Court has joined other jurisdictions in declining to follow the 1936 New Jersey Court of Errors and Appeals case Weiss v. Revenue Building & Loan Associates, and the “new business rule” barring claims for lost profits for new businesses which held that no such claim can be proved.

According to the opinion, Larry Schwartz, the owner and operator of a dry-cleaning business in Staten Island, New York, is the plaintiff in the two consolidated appeals considered by the court.

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