The New Jersey Supreme Court is considering whether proof of economic damages is necessary to disgorge two years’ worth of salary earned by a company’s general counsel in a case of legal malpractice and fraud.
The court heard arguments in the case, Kaye v. Rosefielde, on Feb. 3. At stake is whether plaintiff Bruce Kaye, the chief executive officer of Flagship Resort Condominiums, can recoup at least $1 million in salary from Alan Rosefielde, a New York tax attorney who served as both general counsel and chief operating officer for the company.
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