Andrew T. Zidel v. Lerner, David, Littenberg, Krumholz & Mentlik, LLP

CourtNew Jersey Superior Court Appellate Division
DecidedFebruary 27, 2024
DocketA-0962-22
StatusUnpublished

This text of Andrew T. Zidel v. Lerner, David, Littenberg, Krumholz & Mentlik, LLP (Andrew T. Zidel v. Lerner, David, Littenberg, Krumholz & Mentlik, LLP) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Andrew T. Zidel v. Lerner, David, Littenberg, Krumholz & Mentlik, LLP, (N.J. Ct. App. 2024).

Opinion

RECORD IMPOUNDED

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0962-22

ANDREW T. ZIDEL,

Plaintiff-Appellant,

v.

LERNER, DAVID, LITTENBERG, KRUMHOLZ & MENTLIK, LLP,

Defendant-Respondent. ______________________________

Argued January 17, 2024 – Decided February 27, 2024

Before Judges Whipple, Mayer and Paganelli.

On appeal from the Superior Court of New Jersey, Law Division, Union County, Docket No. L-2951-21.

Louis Anthnony Modugno argued the cause for appellant (Trif & Modugno, LLC, attorneys; Louis Anthnony Modugno and Brendan W. Carroll, of counsel and on the briefs).

Brian J. Molloy argued the cause for respondent (Wilentz, Goldman & Spitzer, PA, attorneys; Brian J. Molloy, of counsel and on the brief; Samantha Josephine Stillo and Richard Kenneth Wille, Jr., on the brief). PER CURIAM

Plaintiff Andrew Zidel appeals from a judgment entered after a bench

trial. We affirm in part, and remand for the court to further consider attorneys'

fees and costs as outlined within.

Zidel joined the law firm of Lerner, David, Littenberg, Krumholz &

Mentlik, LLP (Lerner David or the Firm) as a patent agent in 2001 and became

an associate in 2003. Zidel became a non-equity partner in 2011 and an equity

partner in 2012, when he was given one point to define the relative amount of

his cash distribution from the partnership, above his biweekly draw. By the

time he parted from the firm in early 2019, Zidel had been given a total of 4.5

points.

For its approximately fifty-year history, Lerner David operated without a

comprehensive written partnership agreement. The Firm did, however, have

written agreements that addressed specific issues pertinent to its partnership,

such as point allocations, the appointment of a tax representative, and death

and disability buyouts. Although not a written agreement, the Firm also had a

formula for determining the amount of compensation that retiring partners

received. As one former managing partner of the Firm testified at trial:

There was and is now a formula which is utilized to come up with what was characterized and called an

A-0962-22 2 adjusted capital account. I'm not sure in the last agreement if that's what we call it anymore. But[] there was a formula, the purpose of which was to try to determine the balance for accounts receivable as of the date of a partner's retirement and with what's in progress from which we would try to come up with a fair determination of a retirement benefit—

....

—under the circumstances where it was warranted.

The formula was flexible and used as a guide before being coupled with an

ongoing employment agreement or of counsel agreement wherein it was

contemplated a retiring partner would continue to provide value to the firm.

The Firm determined it needed a written partnership agreement to

address the issues of retiring and withdrawing partners in the future. A

managing partner began drafting the Lerner David Partnership Agreement

(LDPA) in late spring or summer of 2018. In late summer of 2018, a Lerner

David managing partner asked Zidel and another junior equity partner to

provide feedback on a draft of the LDPA. In October 2018, the Firm's

leadership circulated a memo to the equity partners, seeking input on a draft of

the LDPA. Between that point and December 20, 2018—when partners began

to execute the LDPA—numerous equity partners provided feedback on the

draft, and some of the comments were incorporated into the final version.

A-0962-22 3 Throughout the lengthy process of drafts, comments, and redrafts, Zidel

consistently provided negative feedback and objected to the language that

limited the compensation due to partners who withdrew from the Firm to

practice law elsewhere—as opposed to those who retired. In addition to

objecting to the proposal declining to compensate departing partners for their

equity shares, Zidel questioned whether the sections in question would violate

Rule of Professional Conduct (RPC) 5.6(a), which prohibits agreements

restricting the future practice of law. Even after the executive committee

produced the final draft of the LDPA and partners began executing it, Zidel

continued to object to those provisions.

In 2017, Zidel formed a "Next Gen" or Business Development

committee at Lerner David to discuss methods for developing new business.

By summer of 2018, that group was termed—by some—the "Mutiny

Committee" and discussed proposing changes to the executive committee.

Nothing came of the discussions and the Next Gen committee disbanded by

August or September of 2018. By summer of 2018, Zidel actively pursued

alternative employment.

In November 2018, he formed a partnership with two other Lerner David

partners (CRZ, LLP)—even going so far as to sign a partnership agreement,

A-0962-22 4 file paperwork of incorporation and open a firm bank account—all while

maintaining his partnership status in Lerner David. In early December 2018,

Zidel took a business trip to California—with expenses paid by Lerner

David—to meet with a major Firm client about projects in development. On

this trip, Zidel was accompanied by another Lerner David partner, who was

also a partner in CRZ, LLP. Although he had received permission to bring an

associate on the business trip, Zidel did not and, instead, made the trip

accompanied only by his current and future partner. At trial, Zidel testified a

managing partner at Lerner David had rescinded permission for the associate

to travel, but that managing partner unequivocally denied doing so during his

testimony.

Upon their return from California these two CRZ, LLP partners tendered

their capital investments in the new firm, as required by the partnership

agreement, but the third partner did not. CRZ, LLP collapsed shortly

thereafter, and Zidel then reached out to another firm, Botos Churchill LLP, to

inquire about a position. After a series of meetings, on December 31, 2018,

Botos Churchill offered Zidel a partnership, and he accepted the position by

return letter on January 1, 2019. Zidel resigned his position with Lerner David

on January 3, 2019.

A-0962-22 5 After departing the Firm, Zidel requested Lerner David buy out his

equity share for fair value by paying him a percentage of the Firm's accounts

receivable as they normally would a retiring partner. The Firm determined

that, under the LDPA, Zidel was not due such additional compensation. After

continued refusals, on August 5, 2019, Zidel filed suit in the Chancery court

against Lerner David and twenty-two individual partners, raising a claim for

specific performance and seeking a determination that his ownership interest

be purchased at a fair value. Additionally, he asserted claims against

defendants as an oppressed minority partner, including breach of fiduciary

duty, and a demand for an accounting. Defendants filed an amended answer,

and a counterclaim and third-party complaint 1 for breach of fiduciary duty,

faithless servant, poaching of Lerner David employees, and disgorgement.

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Andrew T. Zidel v. Lerner, David, Littenberg, Krumholz & Mentlik, LLP, Counsel Stack Legal Research, https://law.counselstack.com/opinion/andrew-t-zidel-v-lerner-david-littenberg-krumholz-mentlik-llp-njsuperctappdiv-2024.