ALBANY – Although Graubard Miller “flooded” long-standing client Alice Lawrence with information about her late husband’s disputed real estate holdings, it failed to warn her of the risks of entering into a contingency fee arrangement that resulted in a windfall to the firm, her estate’s lawyer told the state Court of Appeals Tuesday.
Daniel Kornstein insisted that Graubard Miller’s bill for $44 million for a settlement it secured in Lawrence’s favor in a real estate matter involving her late husband was unconscionable. He urged the court to accept the Appellate Division, First Department’s, payment reduction to an hourly fee-based $3 million.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
