Appellate Court Unanimously Affirms $126 Million Judgment in Palm Restaurant Dispute
In a significant win for HNRK’s clients, on May 7 the Appellate Division, First Department, unanimously affirmed a $126 million judgment in favor of minority shareholders of the famous Palm steakhouse chain in a long-running battle between descendants of the restaurant’s founders. The case addressed an important issue with massive stakes: the proper method of licensing an iconic famous name trademark. Founding partner Fred Newman led an HNRK team representing the minority shareholder plaintiffs as lead trial and appellate counsel. You can read coverage of the win in Law360 here, Bloomberg Law here and IP Magazine here.