A dispute between Dentons US LLP and ex-partner Jinshu “John” Zhang over a $35 million fee was properly ordered to be heard by an arbitrator in New York, a state appeals court ruled on Thursday.
The New York Supreme Court’s Appellate Division indirectly affirmed emergency orders issued by an arbitrator, including an award to Dentons for $60,000 costs, in connection with a $35 million contingency fee Zhang earned while working at the firm. Dentons accused its former equity partner of engaging in “self-dealing” by securing a huge portion of the award for himself.
The ruling comes less than two months ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.