Kasowitz Can't Collect $7M From Duane Reade, Court Says

Law360, New York (August 7, 2012, 6:14 PM EDT) -- Kasowitz Benson Torres & Friedman LLP can't get its hands on a $7.1 million success fee for litigation it handled for Walgreen Co.-owned client Duane Reade Inc. against an ATM provider, a divided New York state appeals court ruled Tuesday.

The New York drugstore chain had agreed to give the law firm a $1 million flat fee and a success fee of 20 percent of any value more than $4 million recovered in Duane Reade's ATM surcharges suit against Cardtronics LP, a company that installed ATMs...
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