When Executive Pay Becomes an Unpaid Wage Claim — and the Damages Add Up Fast!
Partner Stephen Brodsky offers insight into executive compensation disputes and the risks they pose for private companies. In New York, clearly defining and documenting compensation arrangements is essential, as informal or loosely structured agreements can quickly create significant legal exposure in the event of a dispute.
NYLJ Features Cummings, Filardo, Brodsky in "Attorneys 'On The Move'" Column
The New York Law Journal featured three partners in their most recent "Attorneys 'On The Move'" column.
The Opening Shot — Lawsuit vs. Demand Letter. Why You Should Usually Sue First and Talk Later.
Stephen L. Brodsky, partner, examines the usual advice to start business disputes with a demand letter. He explains that, in most cases, it is more effective to file a lawsuit first. Demand letters can be useful in limited, low-risk situations, but starting with litigation often helps keep your leverage, protects assets and evidence, and puts the dispute under the court’s control right away.