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HACKETT v. MILBANK, TWEED, HADLEY & McCLOY

181 A.D.2d 519 (1992)

Kevin R. Hackett, Respondent-Appellant, v. Milbank, Tweed, Hadley & McCloy, Appellant-Respondent

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

March 17, 1992

The IAS court properly stayed arbitration of the within claim that petitioner is entitled to certain payments upon withdrawing from respondent partnership. We agree with that court's finding that respondent's partnership agreement incorporated forfeiture-for-competition clauses designed to deprive withdrawing partners, including petitioner, of payments otherwise due in violation of Code of Professional Responsibility DR 2-108 ...

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