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- New York Court Affirms Enforceability of Severance Agreement in Unanimous Decision
New York Court Affirms Enforceability of Severance Agreement in Unanimous Decision
CLM client Reversible Destiny Foundation prevailed in the Appellate Division, in a unanimous decision affirming the enforceability of the terms of a severance and settlement agreement between the foundation and a former employee and director. The court confirmed the rule that parties that receive the benefits of a severance agreement may not challenge the validity of that agreement. Of particular interest to nonprofits, the courts rejected plaintiffs’ arguments that state whistleblower statutes and the fact that defendants were assisting another nonprofit in litigation warranted a public policy exception. CLM associate Madelyn White argued the motion before Justice Tanya R. Kennedy in the Supreme Court. CLM partner Judith Wallace and counsel Melissa Erwin were on the briefs.
Reversible Destiny Foundation v. Johanna Post and Andrew MacNair, Index No. 657477/17 (1st Dep’t, June 27, 2019).
Surrogate Nora Anderson rejected an attempt to dismiss the Petition of our client Radio Drama Network, to invalidate testamentary instruments that deprived it of a $100 million bequest from its founder Himan Brown.
In an article recently published in Think Advisor, Guy Lander, Alex Malyshev and Matt Schwartz survey the advantages and risks of investing in the Cannabis industry.
Our new blog delivers news and commentary on the unique issues facing the nonprofit sector. For more information, and to subscribe, visit teobulletin.com.
Known as the “Tombs Angel,” Ms. Foster was a volunteer in the court’s criminal justice system who devoted much of her adult life to serving imprisoned New Yorkers.
The conference highlighted the bridges of progress and prosperity being built between the New York and Belfast business communities.
Despite legalization in numerous states, the use of marijuana for any purpose remains barred by federal law, and the ban still has considerable power to damage businesses with activities that are otherwise legal.
Our 2018 Year in Review highlights the cutting-edge work of our clients and the ways we helped them succeed.
Matt Dunn, Ted McDonough and Steve Glusband outline the basic principles of individual liability under the Foreign Corrupt Practices Act (FCPA), specifically as it relates to directors and officers.
The NY Supreme Court dismissed all claims against Carter Ledyard clients Fox Capital Group Inc., and Commonwealth Merchant Advance Inc.
The women lawyers of Carter Ledyard hosted a lively evening at the Center for Book Arts featuring filmmaker and visual artist Zeva Oelbaum and author, photographer, and collector Dr. Alice Kandell.
As the the cannabis industry continues to grow, investment interest is unmistakable. Alex Malyshev identifies precautionary signs that may help investors' awareness of Risk Factors in various disclosure documents.
Karen's article identifies portability as a useful estate planning tool, but suggests it is no substitute for thoughtful estate planning.
The firm is a proud partner of the Food Bank for New York City’s 2019 Justice Served Campaign.
PCG closed a multi-million dollar capital investment in Independent Financial Partners (IFP), facilitating IFP’s launch of a new online platform.
Client Advisory: Jeff Boxer and Alex Malyshev discuss the Supreme Court's recent unanimous decision in Henry Schein, Inc. v. Archer & White Sales, Inc., and what it means for arbitration.