Partner Wins Default Judgment In $5M Gersten Savage Suit

Law360, Los Angeles (March 7, 2014, 9:34 PM ET) -- A New York state judge has granted a former Gersten Savage LLP partner's motion for default judgment against the defunct law firm in a $5 million suit accusing the firm's founder of misusing firm funds and denying partners their promised compensation, according to court documents filed Friday.

In an order dated March 4, Judge Melvin L. Schweitzer granted John H. Riley's motion for default judgment against Gersten Savage as to liability and referred the matter to a special referee to determine damages, costs and fees. Riley...
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