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Warning: If You Want Legal Fee Advancement of Indemnification, You May Need to Amend Your Partnership, Shareholder, or Operating Agreement
24 Oct 2022, 4:47 am by Franklin C. McRoberts
” As best I can tell, there are now exactly seven appeals court decisions from three of the four Departments of the Appellate Division explicitly adopting this rule of construction of contract indemnification provisions to cover intra-party disputes unless otherwise specified in the agreement: In re Part 60 RMBS Put – Back Litig.WSA Group, PE., PC v DKI Eng’g & Consulting USA PC (178 AD3d 1320 [3d Dept 2019])Crown Wisteria, Inc.… [read post]
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