Multi-National Technology Corp. Asks Chancery Court To Offset Ex-CLO’s Legal Expenses

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Attorney Balick said that Cognizant is cooperating with the authorities in the prosecution of the criminal case against his client, and he implied that the motion filed by Cognizant in August was intentionally made at a critical stage, in an effort to interfere with Schwartz’s ability to prepare for his criminal trial in March.

Balick said that “Cognizant is invested in the outcome of that case.” “In every phase of Mr. Schwartz’s defense in the criminal case, he’s confronted with [Cognizant] filings” in other cases, he said, “often at critical moments in his criminal defense.” In June 2021, Cognizant filed a lawsuit in New York federal court against an attorney that Schwartz hired for his defense. Cognizant sued Jeremy I. Bohrer and the four attorneys that work in his firm alleging fraud and civil conspiracy.

Cognizant claims the firm overcharged for its services and took advantage of Cognizant’s contractual requirement to pay Schwartz’s advance fees and costs. In response to the New York lawsuit, Schwartz sued Cognizant in Chancery Court alleging that the New York lawsuit violated a Delaware forum provision in the indemnification agreement that he signed with the company in 2013.

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