It's the type of remark a lawyer would advise a client never to make. Yet corporate counsel William Wachtel allegedly told a management meeting after a hostile takeover that the way to avoid paying severance to the prior management members was to kill them or hope they die. Wachtel, of Wachtel & Masyr in New York, is now attempting to set aside a $2.1 million jury verdict, including $250,000 in punitive damages, in a whistleblower and defamation suit that hinged on those words.
Board Meeting Remarks Result in $2.1 Million Verdict Against Corporate Counsel
New Jersey Law Journal
April 1, 2009