Nearly a year after Wolf Block partners voted to dissolve the firm, a former partner has filed suit against the defunct firm and former Chairman Mark Alderman over the firm's failure to pay certain severance benefits. At issue in Michael Budin's suit is whether his severance could be considered a pension, and therefore not payable until obligations to third-party creditors are satisfied, or if Budin himself is a third-party creditor who falls outside the scope of the partnership agreement's section on pensions.
March 03, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Nearly a year after Wolf Block partners voted to dissolve the firm, a former partner has filed suit against the defunct firm over its failure to pay out certain severance benefits.
This is the first lawsuit filed against Wolf Block involving partner payments in the wake of the firm’s dissolution.
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