A former bankruptcy partner at Loeb & Loeb says the firm owes him big time.
Michael Molinaro said in a suit he filed earlier this week the firm owes him at least $160,000 for services rendered in 2012. Molinaro said that after he changed his title from partner to of counsel in February 2012, the firm’s chairman agreed to continue to pay him as an equity partner. Molinaro said the agreement was that the firm would continue to pay him based on his billable hours and collections. He claims he was supposed to receive the same firm profits that other partners who billed similarly received.