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A New York Business Corporation Law provision allowing corporate officers to obtain indemnification doesn't also entitle them to legal fees incurred in establishing their reimbursement rights, a deeply divided New York Court of Appeals held Thursday. The court concluded that the statute doesn't recognize recovery of so-called "fees-on-fees."
April 29, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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