Ex-MacAndrews & Forbes Exec Wins $16M In Battle With Firm

Law360, New York (January 27, 2012, 8:00 PM EST) -- A New York federal jury sided with the former vice chairman for MacAndrews & Forbes LLC on Friday, handing him a $16 million award representing funds the company allegedly owed him as part of a separation agreement. 

The jury found that billionaire Ronald Perelman’s MacAndrews & Forbes company owed Donald Drapkin $16 million under a contract the two signed in 2007 following Drapkin's resignation as the company’s vice chairman after 20 years.

Elkan Abramowitz of Morvillo Abramowitz Grand Iason Anello & Bohrer PC, attorney for Drapkin,...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Macandrews & Forbes LLC v. Drapkin


Case Number

1:09-cv-04513

Court

New York Southern

Nature of Suit

Contract: Other

Judge

Paul G. Gardephe

Date Filed

May 12, 2009

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.