The petitioner law firm was the claimant in an arbitration proceeding against respondent, its former client, under the Fee Dispute Resolution Program (Rules of Chief Admin of Cts [22 NYCRR] part 137). By an award dated February 13, 2007, the arbitrators awarded petitioner $280,000 in fees and disbursements, roughly $30,000 less than petitioner claimed it was owed. At the time the fee dispute arose, petitioner was holding in escrow $402,128.60 in settlement proceeds from the...
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