Maryland Appellate Court Remands for Valuation of Withdrawing Member’s Interest in Law Firm and Affirms Damages Award

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Court Case Digests
October 17, 2022

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economic damages & lost profits, judicial dissolution, breach of fiduciary duty
calculating damages, business valuation, fair value, breach of fiduciary duty, law firm valuation, limited liability company, malpractice, assignee interest, operating agreement, fiduciary duty, lost income, settlement, distributions, trial court
Furrer v. Siegel & Rouhana, LLC
2022 Md. App. LEXIS 745; 2022 WL 9834101
US
State Court
Maryland
Court of Special Appeals
Bruce O’Heir, CPA/ABV
Wells, Graeff, Meredith, Timothy

Summary

A name attorney in a Maryland law firm withdrew after having his license suspended. He sued the firm for compensation for his 26.5% interest in the firm. The firm countersued for damages related to his mistreatment of client accounts. The trial court determined a value of his interest and also determined damages that the attorney owed the firm for his mistreatment of client accounts. The appellate court affirmed the damages but remanded the valuation of the 26.5% interest.

See Also

Furrer v. Siegel & Rouhana, LLC

Full Text of Court Cases
October 17, 2022

A name attorney in a Maryland law firm withdrew after having his license suspended. He sued the firm for compensation for his 26.5% interest in the firm. The firm countersued for damages related to his mistreatment of client accounts. The trial court determined a value of his interest and also determined damages that the attorney owed the firm for his mistreatment of client accounts. The appellate court affirmed the damages but remanded the valuation of the 26.5% interest.

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The Comprehensive Guide to Economic Damages, Seventh Edition