Duane Reade Denies Owing Kasowitz Benson $7M Fee

Law360, New York (March 19, 2010, 6:40 PM EDT) -- Pharmacy chain Duane Reade Inc. has denied owing Kasowitz Benson Torres & Friedman LLP a $7.1 million success fee in connection with a $40 million contract suit settlement, and said that the contingency fee agreement the law firm accused it of breaking cannot stand under New York law.

The argument that the fee agreement is unlawful came as one of several affirmative defenses asserted in the answer Duane Reade filed Thursday in New York State Supreme Court denying the firm's contentions that the retailer owes Kasowitz...
To view the full article, register now.