Karen E. Rubin of Thompson Hine LLP reports on a recent case that held that an in-house lawyer found to have engaged in misconduct may be required to disgorge some or all of the lawyer’s compensation – even without a showing of economic harm to the organizations they serve:
“In most houses, Halloween lasts until the kids eat that last candy bar — saving it from their parents’ grasp. So I don’t think it’s too late to spotlight a case that’s bound to scare in-house counsel, in which the New Jersey Supreme Court recently ruled that the remedy of disgorgement can be applied to “disloyal” GC’s — even in the absence of economic harm to the company.”
Read: “Disloyal GC’s can be required to disgorge salary, says NJ High Court — even if no economic harm” at Lexology
Photo by potamos.photography