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A Key Opinion On Partnership Agreements In N.Y.

Law360 (June 10, 2008, 12:00 AM EDT) -- The non-compete and trade secrets practice group at Proskauer Rose LLP highlights for your attention the recent unanimous opinion (May 30, 2008) of the New York Appellate Division, First Department, in Weiser LLP v. Jeffrey S. Coopersmith et al. The case involves restrictive covenant and liquidated damage claims by the plaintiff accounting firm against three former partners.

The defendants had merged their accounting firm into the plaintiff (Weiser) and became partners, and then resigned almost six years later to compete against Weiser. The client non-solicitation, employee...
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