A New York court has ruled that noted litigator Stanley S. Arkin is entitled to a "success fee" for representing ex-Citigroup investment management chief Thomas W. Jones. Fired after a scandal which banned Citigroup from the Japanese private banking market, Jones hired Arkin to pursue a suit against Citigroup. The panel found that Arkin's retainer agreement "plainly refers to entitlements that will actually 'vest' ... not to entitlements that would have vested had Jones' employment not been terminated."
July 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Manhattan appellate court has ruled that noted litigator Stanley S. Arkin is entitled to a “success fee” for his representation of former Citigroup investment management chief Thomas W. Jones.
Fired in 2004 following a scandal in which Citigroup was banned from the Japanese private banking market, Jones hired Arkin and his firm Arkin Kaplan to pursue a suit against his former employer.
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