An outside corporate counsel who was sued over work he did for the company was entitled to defense and indemnification, the New Jersey Supreme Court has held. The ruling allows Stephen Zelnick, who was also a company officer for Hometown Auto Retailers Inc., to recover his legal fees based on the broad wording of an indemnification provision in the company's certificate of incorporation, as interpreted under the law of Delaware, the state of incorporation.
June 18, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
An outside corporate counsel sued over work he did for the company was entitled to defense and indemnification, the New Jersey Supreme Court held June 11.
The ruling in Vergopia v. Shaker, A-10-06, allows Stephen Zelnick, who was also a company officer, to recover his legal fees based on the broad wording of an indemnification provision in the company’s certificate of incorporation as interpreted under the law of Delaware, the state of incorporation.
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