The firm, which laid off 17 employees, claimed that it could not sustain the costs of the Fishers and the other employees due to the limited amount of work the law firm was obtaining. Although the pair were not equity partners, they claim they were promised “life-changing” rewards as a result of their work.
A lawyer for Reilly Pozner said equity partners risk their own money to fund litigation, while others do not, but are instead compensated with salaries and bonuses. The PNC Bank verdict is currently under appeal.
Read the full article from the Denver Post.