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HECHT v. KRAVETZ

160 A.D.2d 308 (1990)

Charles J. Hecht, P. C., Appellant-Respondent, v. David Kravetz, Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

April 10, 1990

Plaintiff was retained by defendant (also an attorney) to institute an action in Federal court based on alleged securities violations which had caused defendant to lose substantial sums in his investment trading account. The retainer allegedly provided for a maximum contingency fee of 23½% and billing credited against this contingency fee at less than plaintiff's normal hourly rate. Thereafter, the retainer agreement was allegedly...

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