Disgorge Your Salary, Dishonest GCs

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

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