A Manhattan appeals court has ruled that a defunct law firm be awarded 2 percent of a technology company’s stock, based on a retainer agreement signed at the height of the dot-com boom.

The deal, signed in September 1998 and retroactive to June 1998, was for the firm of Goldston & Schwab to represent Bandwidth Technology Corp. for one year in exchange for four shares of the closely held company’s stock, representing a 2 percent interest. The agreement was negotiated and signed by Bandwidth’s then-president, Jonathan Star.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]