Defendant Clipper Group brought the third-party action against CS First Boston Finders I to enforce an indemnification provision of a Carried Interest Sharing Agreement. Under that Agreement, certain employees of CS First Boston (CSFB) could obtain a share of "carried interest" received by Clipper as payment for its service in managing certain CSFB banking investments, which it provided through various partnership agreements. The indemnification provision applied only to...
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