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The 2nd U.S. Circuit Court of Appeals is asking New York's highest court to clarify whether state law requires a company to compensate an executive for costs incurred fighting for indemnification, commonly known as a "fees on fees" dispute. Phillip Siegel, who was sued and then dismissed from securities fraud class actions against his employer, wants reimbursement for costs spent litigating the issue of his indemnification.
August 24, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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