Former partners of a New York attorney convicted of a misdemeanor and suspended from the practice of law cannot recover $1 million they paid the attorney for his stake in their firm, a judge has ruled. New York Supreme Court Justice Leonard B. Austin said that two buyout agreements between Selwyn Karp and his former partners did not violate the Code of Professional Responsibility, common law or public policy and could not be voided.
October 17, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Former partners of a Far Rockaway, N.Y., attorney convicted of a misdemeanor and suspended from the practice of law cannot recover $1 million they paid the attorney for his stake in their firm, a Nassau County, N.Y., judge has ruled.
In Glickenhouse v. Karp, 16617/06, Supreme Court Justice Leonard B. Austin ruled that two buyout agreements between Selwyn Karp and his former partners did not violate the Code of Professional Responsibility, common law or public policy and could not be voided.
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