Dispute Settlement Agreement between plaintiffs counsel and deft created valid claim for conflict of interest given 2M incentive fee for settlement.
Nonwaivable.
Court describes it as an employment contract with deft.
Breach, fraud & malpractice.
Valid claim for aiding and abetting against deft.
NJ law applies, as case was initially removed to SDNJ
Johnson v. Nextel Communications, Inc.
Tuesday, September 27, 2011
Second Circuit -- Johnson v. Nextel Communications, Inc.
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Author's SSRN page here.