May 8, 2019
When a group of European investors faced a potential legal bill of nearly $12 million—a contingency fee entirely out of proportion to the amount of time expended by their attorneys—they turned to Wilk Auslander for help. In a unanimous ruling, a panel of three sophisticated arbitrators not only rejected that exorbitant fee, but declined to award any fee whatsoever beyond what the investors had already paid, awarding their previous attorneys precisely zero. Now that their previous attorneys have challenged that defeat in federal court, Jay Auslander, a partner with the firm’s litigation group and lead counsel for the investors, assesses the reasons for their striking victory in an interview with the New York Law Journal.