Six business owners are suing Morrison Cohen and one of its partners for $45 million in damages, claiming in a malpractice suit that they overlooked critical language in a transaction. The plaintiffs suing Morrison Cohen and Brian Snarr, chair of the firm’s compensation, benefits and employment department, are small to mid-sized business owners who sold shares of their businesses through employee stock ownership plan transactions, according to the lawsuit filed last week in Manhattan Supreme Court.
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