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ACCOUNT STATED

After Lapidus & Associates was awarded $108,015.24 in fees by the New York County Supreme Court, the firm's former client, Elizabeth Street, Inc., appealed.

Since Elizabeth waited until the suit was filed to question or challenge the invoices it had received, the Appellate Division, First Department, was of the view that the company was precluded from challenging the "reasonableness" of the firm's fees. In fact, by failing to timely object, the appellate court concluded that Elizabeth "acquiesced" to the bills' correctness.

Some statement.

To view a copy of the Appellate Division's decision, please use this link: Lapidus & Assoc., LLP v. Elizabeth St., Inc.

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