Miller v. Doolittle

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a disloyal employee “forfeits his right to compensation for services rendered by him if he proves disloyal”
• observing that “New York’s lower courts have endorsed limiting forfeiture to compensation paid during the time period of disloyalty”
• noting that a faithless employee must “account to his [or her] principal for secret profits”
• holding employee was required to forfeit all compensation received after disloyal acts such as his receipt of stock options, stock shares, fees, and business opportunities that should have been passed on to the firm
• affirming a trial court decision which found that an investment banker breached fiduciary duty by withholding from employer cash and securities received from clients that belonged to employer
• “We need not delve further into these questions, however, because we find that Phansalkar’s behavior warrants forfeiture under both standards.”

Source: CourtListener parenthetical corpus (CC0).