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Main image for Former Investment Partner Awarded Millions for Breach of Contract
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Former Investment Partner Awarded Millions for Breach of Contract

Connecticut Law Tribune

11.11.2017

A Stamford Superior Court jury has awarded the former treasurer of an investment advisory firm $4.15 million plus interest and fees for not meeting a contractual obligation to buy him out after he gave notice he was leaving the firm.

“He was entitled to have his equity interest,” said Rechen, a partner with McCarter & English in Hartford. “There were a plethora of emails that showed they were searching for a way to get out from under this obligation, and they ultimately concluded that the way to do this was to amend the agreement after he gave notice.”

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Media item: Thomas J. Rechen
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