Law Com reports that “A New Jersey biotechnology company is accusing a leading product-liability and toxic-tort lawyer, James Tyrrell Jr., of giving fraudulent and negligent advice that cost the client more than $10 million.
In the late 1990s, Tyrrell and his firm, Latham & Watkins in Newark, convinced Artegraft Inc. of North Brunswick to pursue Johnson & Johnson in a contract dispute using a patent theory that Tyrrell manufactured without legal foundation, a suit filed in Middlesex County alleges.
As it turned out, Artegraft expended roughly $5 million in legal fees for an arbitration it had no chance of winning, the suit says. After the loss, it had to pay J&J $5 million to settle. ” details