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KLEIN v. LOEB HOLDING CORP.

601299/06

24 Misc.3d 899 (2009)

878 N.Y.S.2d 876

JOEL J. KLEIN, Petitioner, v. LOEB HOLDING CORPORATION et al., Respondents.

Supreme Court, New York County.

May 11, 2009.

Attorney(s) appearing for the Case

Jasinski & Williams, P.C., Newark, New Jersey (Peter P. Perla, Jr. of counsel), and Rick C. Kim, Flushing, for petitioner.

Stroock & Stroock & Lavan LLP, New York City (Daniel A. Ross and Meredith L. Strauss of counsel), for Loeb Holding Corporation, respondent.

OPINION OF THE COURT

ALICE SCHLESINGER, J.

Joel Klein in 1996 began working for Opinion One as its executive director. Opinion One was succeeded by Opinion One Holding Company (Holding), and Klein, in January of 2003, signed an employment contract with it. The contract was for a term of three years but could be terminated for cause, but "cause" was not easily shown. And if Klein were to be terminated without cause, he would be entitled to a generous severance...

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