A four-year-old lawsuit brought against Edwards Wildman Palmer by corporate and securities lawyer Stephen Connoni to recover money he claims the firm owed him after dismissing him in 2008 is unlikely to go to trial as scheduled.
In a letter filed in New York state court Monday, attorneys for Connoni and Edwards Wildman informed the judge hearing the suit that they have reached "a settlement agreement in principle" that they anticipate finalizing in the coming weeks. If that happens, the trial now set to begin on July 9 will not proceed.
While neither Edwards Wildman partner Ira Greenberg, who is representing the firm in the suit, nor Constantine Cannon partner Joel Chernov, who is representing Connoni, had comment on the matter Wednesday, filings made in the suit since its April 2009 inception detail what can happen when promises made during a lateral hireby the hiring firm and the new partnergo awry.
Connoni, 55, joined what was then Edwards Angell Palmer & Dodge in September 2007 from K&L Gates with the goal of helping the firm expand its corporate practice in New York, papers submitted to the court by both sides say. (Edwards Angell merged with Wildman, Harrold, Allen & Dixon in August 2011 to become Edwards Wildman Palmer.)
