SALOVAARA v. ECKERT


32 A.D.3d 708 (2006)

821 N.Y.S.2d 59

MIKAEL SALOVAARA, Respondent-Appellant, v. ALFRED C. ECKERT III et al., Appellants-Respondents, et al., Defendant.

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

September 14, 2006.


This action seeks indemnification for legal fees and expenses incurred by plaintiff in connection with the prosecution of many actions against defendants. Plaintiff and defendant Eckert, who had been partners at Goldman Sachs & Co., left that firm in 1991 to form their own investment group, which operated six separate and distinct funds in 1992 and 1993 to invest in the securities of distressed companies. Following the disintegration of the business relationship between...

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