A divided Court of Appeals interpreted statutory indemnification provisions in a 4-3 decision of importance to directors and officers who may wish to retain counsel separate from that of the corporation in defending a suit arising out of their position.
This month we discuss that decision, Baker v. Health Management Systems, Inc., and well as Mahoney v. Pataki, in which the Court found that its capital case fee schedule’s provision for legal and paralegal assistance is reasonable .
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