Legal News

In Snyder v. Bronfman, Best Tabloid Suit of 2007, Bronfman Triumphs

By Dan Slater

One of the more tabloid-ready suits of 2007 drew to an apparent close today.

Back in April 2007, Richard Snyder, the former chairman and CEO of Simon & Schuster, sued Edgar Bronfman Jr., claiming that Bronfman stiffed him after Snyder helped negotiate Bronfman’s 2003 takeover of Warner Music Group. The causes of action? A potpourri of classic contract claims: unjust enrichment, promissory estoppel and quantum meruit. Here’s past LB coverage.

In April of this year, the Supreme Court of New York County denied Bronfman’s motion to dismiss. Today, the appellate division reversed. Here’s the order.

In a statement, Bronfman’s lawyer, the ever colorful Orin Snyder of Gibson Dunn, said: “We are gratified that the appellate court vindicated Mr. Bronfman . . . Today’s decision confirmed what we have said all along – that Dick Snyder’s claims were nothing more than a work of fiction.”

A call to Richard Snyder’s lawyer, Wilson Sonsini’s Robert Gold, was not immediately returned.

Full post as published by Law Blog - WSJ.com on December 23, 2008 (boomark / email).