An issue of fact as to whether plaintiff law firm is a third-party beneficiary of defendant's contract with Drexel Burnham Lambert exists by reason of a provision thereof requiring defendant to pay Drexel's out-of-pocket expenses, including counsel fees. That the agreement contemplated direct payment to Drexel for its out-of-pocket expenses does not necessarily preclude a finding that the parties to the contract intended plaintiff to be a third-party beneficiary where the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.