David Posner left Otterbourg last June to become a partner at Kilpatrick Townsend & Stockton, leaving hundreds of thousands of dollars in capital in his former firm. The capital was partly financed through a loan.

Posner asked Otterbourg, a midsize firm, to return a portion of his capital before a January 2016 deadline to repay his loan. But in court papers seeking return of the funds, he claims Otterbourg has refused to return $382,880 in capital until 13 years from now, when the firm’s lease expires.

This content has been archived.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

Why am I seeing this?

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]