In a case that one justice called “vital to the profession, ” two law firm partners asked an Appellate Division, First Department, panel yesterday to reverse a ruling that they breached their fiduciary duties when they left one law firm for another, and that must pay nearly $2 million in damages.

Supreme Court Justice Herman Cahn, in a controversial ruling, found in October 1998 that Charles Gibbs and Robert W. Sheehan committed three improper acts when they moved their trusts and estates practice from Breed Abbott & Morgan to Chadbourne & Parke in 1991, assigning $1.8 million in damages last June.

This content has been archived.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

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]