Finding Kobre & Kim’s efforts to isolate a newly hired partner from a potential conflict inadequate, a state judge has disqualified the firm from representing a client in an arbitration against former employees of Lehman Brothers Holdings Inc.
Manhattan Supreme Court Justice James Yates ( See Profile) granted a motion Thursday in Chernick v. Essex Equity Holdings USA, LLC, 600995/2010, by the former Lehman employees to disqualify Kobre & Kim from representing Essex Equity Holdings USA LLC, which is pursuing a $285 million arbitration claim over the sale of auction rate securities by the bank’s brokerage arm.
This content has been archived.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]
