A venture capitalist and admitted briber is suing Gibson Dunn to block the New York arbitration over $1.3 in legal fees that firm says he owes it.
Elliott Broidy, who was represented by Gibson during an investigation of bribery allegations in New York, claims the firm duped him into signing a second retainer that changed the arbitration agreement without his knowledge or consent. Broidy wishes to arbitrate the fee dispute in California. Gibson denies the allegations and says that Broidy is trying to skip out on the hefty bill.
Broidy pleaded guilty to felony rewarding official misconduct in December, after a substantial probe into a $250 million deal between his equity group, Markstone Capital, and a New York state retirement fund. Broidy admitted to giving New York state officials gifts totaling $1 million to help broker the deal.
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