Law firm can’t get fees for oral deal with ex-bank CEO

By Bill Wichert (June 14, 2022, 3:30 p.m. EDT) – Basil Law Group PC can’t get $400,000 in attorney’s fees in an oral settlement with Noah Bank CEO because that settlement has replaced by a written agreement drafted by the law firm’s managing partner, a New Jersey state appeals court heard Tuesday.

The appeals panel upheld trial court rulings overturning the New York-based firm’s fee offer, which was based on its termination as the bank’s attorney in June 2019 had violated former Noah CEO Edward Shin’s oral promise in October 2018 to continue to retain Basilisk. firm in exchange for his reduction of attorney’s fees by…

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