Olshan Frome Wolosky LLP v. The Committee to Restore NYMOX Shareholder Value Inc.

CourtDistrict Court, S.D. New York
DecidedMarch 21, 2025
Docket1:24-cv-02134
StatusUnknown

This text of Olshan Frome Wolosky LLP v. The Committee to Restore NYMOX Shareholder Value Inc. (Olshan Frome Wolosky LLP v. The Committee to Restore NYMOX Shareholder Value Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Olshan Frome Wolosky LLP v. The Committee to Restore NYMOX Shareholder Value Inc., (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK OLSHAN FROME WOLOSKY LLP,

Plaintiff,

-v- CIVIL ACTION NO. 24 Civ. 2134 (ALC) (SLC)

OPINION & ORDER THE COMMITTEE TO RESTORE NYMOX SHAREHOLDER VALUE INC., et al.,

Defendants.

SARAH L. CAVE, United States Magistrate Judge. I. INTRODUCTION As construed by the Court, pro se Defendant M. Richard Cutler moves for leave to (i) reassert his voluntarily dismissed counterclaims against Plaintiff Olshan Frome Wolosky LLP (“Olshan”); (ii) reassert joinder of nonparties Lori Marks-Esterman and Adrienne Ward to his counterclaims against Olshan; and, (iii) file a third-party complaint against nonparties Ascella Health LLC, Oldham Global LLP, Bill Oldham, and Mario Patone (the “Ascella Defendants”). (ECF No. 56 (the “Motion”)). Olshan opposes the Motion as it relates to itself, Esterman, and Ward, but it takes no position as to the Ascella Defendants. (ECF No. 67). The Motion is GRANTED in part and DENIED in part as explained below.1

1 “A motion to amend is not a dispositive motion.” Media Glow Digital, LLC v. Panasonic Corp. of N. Am., No. 16 Civ. 7907 (PGG), 2020 WL 3483632, at *3 (S.D.N.Y. June 26, 2020) (collecting cases); see Fielding v. Tollaksen, 510 F.3d 175, 178 (2d Cir. 2007) (explaining that a motion to amend is non-dispositive). “A motion for joinder is also non-dispositive.” Lee v. HDR Global Trading Ltd., No. 20 Civ. 3232 (ALC) (SDA), 2024 WL 4381009, at *1 n.2 (S.D.N.Y. Oct. 3, 2024) (citing Hatemi v. M&T Bank Corp., No. 13 Civ. 1103S (HBS), 2015 WL 13549199, at *1 (W.D.N.Y. Mar. 5, 2015) (collecting cases)). The undersigned therefore has the authority to decide the Motion by this Opinion and Order. See Lee, 2024 WL 4381009, at *1 (denying motion to amend by opinion and order). II. BACKGROUND 1. The Complaint On March 21, 2024, Olshan filed the Complaint against Cutler and Defendants The

Committee to Restore Nymox Shareholder Value Inc. (“CRNSV”), Randall J. Lanham, and Christopher R. Riley, seeking over $700,00 in unpaid legal fees, “plus late fees, attorneys’ fees, collection costs, and interest arising out of” the legal work Olshan performed for Defendants “in connection with [their] investment in” Nymox Pharmaceutical Corp. (“Nymox”), a Bahamian corporation. (ECF No. 1 ¶¶ 1–4, 16). More specifically, in July 2023, after Cutler, Lanham, and

Riley formed CRNSV, CRNSV retained Olshan “to provide advice and counsel regarding a proxy campaign in the Unites States in conjunction with legal proceedings pending in the Bahamas to remove and replace the members of Nymox’s board of directors[.]” (Id. ¶¶ 2, 16). CRSV and Olshan entered into a “written Engagement Letter and accompanying Terms of Engagement” that Riley signed on behalf of CRNSV (the “Initial Engagement Letter”). (Id. ¶ 17). The Initial Engagement Letter contemplated that CRNSV would pay a $40,000 retainer, which Riley told

Olshan “would be funded by a third party.” (Id. ¶ 18). After Olshan received the retainer, it began, without objection, advising CRNSV “in good faith relating to [the] forthcoming proxy campaign and related matters.” (Id. ¶ 19). On Defendants’ request, Olshan later offered additional legal advice on two legal actions Defendants filed in the Bahamas “seeking to restore Nymox to the Bahamas Register” and seeking “to replace” Nymox’s board of directors. (Id. ¶¶ 20–21). Defendants paid Olshan’s legal fees through October 1, 2023. (Id. ¶ 22).

In October 2023, Olshan’s scope of representation expanded “dramatically” after Defendants “asked Olshan to research and develop a litigation strategy to represent [them] in pursuing certain claims[,]” and to represent them in defending an action Nymox filed against them in the Superior Court of the State of California (the “California Action”). (ECF No. 1 ¶¶ 23– 24). Olshan agreed and “perform[ed] substantial work for the Defendants” in the pending

litigation. (Id. ¶¶ 25–26). As a result of the “substantially increased work” Olshan agreed to perform for Defendants, on November 13, 2023, the parties entered into an amended engagement letter, “which was accompanied by and incorporated by reference Olshan’s Terms of Engagement” (the “Amended Engagement Letter”). (Id. ¶¶ 27–28). The Amended Engagement Letter provides

that: (i) Defendants “understand that [they] shall be jointly and severally responsible for the payment of all fees and disbursements incurred in connection with the engagement”; (ii) “Defendants’ failure to pay any amounts due [to Olshan] within thirty days of receipt of an invoice would result in a late charge of one percent (1%) per month (‘late fees’)” and that “the prevailing party” in a suit between the parties under the terms of the Amended Engagement Letter “would recover reasonable attorneys’ fees and other costs of collection[,] even if a party

represents itself or appears as co-counsel representing itself in litigation”; (iii) New York law governs “all disputes” arising under the Amended Engagement letter; and (iv) Defendants must pay a $150,000 retainer to Olshan. (Id. ¶¶ 29–34). Lanham signed the Amended Engagement Letter on behalf of CRNSV and in his individual capacity, and Riley and Cutler signed it in their individual capacities. (Id. ¶ 32). The Amended Engagement Letter provided “for a third party to sign [it] as guarantor” of a $150,000 retainer

Defendants agreed to pay. (Id. ¶ 33). Defendants did not pay the $150,000 retainer, and no guarantor signed the Amended Engagement Letter. (Id. ¶¶ 34). Even so, “Olshan continued for a time to render legal services in good faith and on behalf of Defendants[,]” which “Defendants continued to accept . . . without objection.” (Id.) Olshan sent invoices to Defendants detailing the amounts due for the legal services it

provided, communicated with Defendants on several occasions about “the budget and associated workstreams” with Defendants’ ongoing litigation, and advised Defendants on several occasions that Olshan would seek to withdraw as counsel in Defendants’ litigation if their failure to pay the $150,000 retainer and past-due legal fees persisted. (ECF No. 1 ¶¶ 35–39, 42). Despite Defendants’ instruction to Olshan “to press forward on all fronts[,]” Defendants did not pay the

$150,000 retainer, the invoiced amounts due to Olshan, and “further failed to provide any assurances of payments[.]” (Id. ¶¶ 38–39). The California court later granted Olshan’s motion to withdraw as counsel for Defendants in the California Action. (Id. ¶ 40). Olshan alleges that Defendants failed to pay “at least $700,131.26 for services rendered and disbursements incurred by Olshan[,]” exclusive of “late charges, attorneys’ fees, or collection costs, all of which are recoverable pursuant to the Amended Engagement Letter[.]” (Id. ¶ 45). To recover the unpaid

legal fees, Olshan asserts claims for breach of contract, unjust enrichment, quantum meruit, and account stated against Defendants. (Id. ¶¶ 47–72). 2. Cutler’s Answer On May 29, 2024, Cutler filed his Answer with Counterclaims and Crossclaims. (ECF No. 24). After responding to Olshan’s allegations and claims as set forth in the Complaint, Cutler stated twelve affirmative defenses and: (i) a counterclaim against Olshan and crossclaims against

Esterman, Ward, and Roes 1 through 100 for legal malpractice; (ii) a counterclaim against Olshan and crossclaims against Esterman, Ward, and Roes 1 through 100 for breach of fiduciary duty ((i) and (ii) together, the “Original Counterclaims”); and, (iii) a crossclaim against Riley for “Fraud and Deceit—Intentional Material Misrepresentation[,]” seeking “not less than $5,000,000” in damages.2 (See generally id.).

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Olshan Frome Wolosky LLP v. The Committee to Restore NYMOX Shareholder Value Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/olshan-frome-wolosky-llp-v-the-committee-to-restore-nymox-shareholder-nysd-2025.