Ex-Loeb & Loeb Partner Says Firm Stiffed Him On Pay

Law360, New York (March 7, 2013, 3:37 PM EST) -- A former Loeb & Loeb LLP bankruptcy partner sued the firm Tuesday in Illinois court, claiming it stiffed him on $160,000 when he refused to sign a new pay agreement.

Michael Molinaro says Loeb promised to pay him at the equity-partner rate when he switched from a partner position to an of counsel position, but that it then underpaid him and told him he could receive the remaining balance of his 2012 compensation if he signed a new agreement that required him to work at the...
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