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Lawrence v. Kennedy – Lessons for the Unwary

In Lawrence v. Kennedy, --- N.Y.S.2d ---, 2011 WL 5107234, 2011 N.Y. Slip Op. 21377 (Nassau Sup. Ct. 2011), plaintiff Lawrence S. Lawrence, a New York attorney, moved for summary judgment in lieu of complaint against defendants Michael F. Kennedy and his former law...

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Indemnification Under the BCL for Counsel Fees Incurred

This month we review an individual’s right to indemnification pursuant to the New York Business Corporation Law (“BCL”) for counsel fees incurred to defend a civil action or proceeding, other than a derivative suit. In typical fashion, directors and officers are sued...

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