Law.Com reports that Sidley Austin is about to pay out $30 million to investors, in settlement of a letgal malpractice case arising from its tax shelter advice. But there is an additional $70 million in liability lurking about. Details.
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Fendi-Weil Gotschal Legal Malpractice Settles
At almost the end of testimony, this legal malpractice case settled. It had two components. The first was the WG fees still owed: they were in excess of $2 million if you count interest. The second was whether the law firm committed malpractice, and if so, did it damage plaintiff.
This is an excellent outcome…
Disaster and Law Office Failure in Legal Malpractice
Here is a reprint of a Florida Bar Journal article by Jim Keim which discusses legal malpractice in the wake of a natural disaster, such as Katrina. Are you prepared? Article.
“de minimus” defense in Legal Malpractice
Plaintiff is seller of a house in Long Island. He hires defendant attorney to do a full service job in the sale: prepare contract, oversee negotation and transaction while seller is out of state. Things go wrong. Plaintiff alleges that attorney started unnecessary L & T proceedings even though summer renters would have left voluntarily…
Assignment of Legal Malpractice Claims
Here is a report by Matthew Conigliaro from his blog on the assignment of legal malpractice cases, either by specific agreement or by implicaiton. Its not permitted in Florida. His Blog
Sex, Crimes and Legal Malpractice
It really doesn’t get any sexier than this in a particularly dry field. He: Criminal, rich, victim; She: lawyer, thief? He says so. Did she steal his Porsche, his Mercedes, his $250K? Even worse, did she commit legal malpractice? Read all about this thriller.
Investor Fraud, and the only $$ comes from Legal Malpractice
The KL Investor Group fraud is a big story in Palm Beach, FL and investors lost many $ Millions. So far, in Bankruptcy court, the only money to be available for investors/creditors is $ 477,000 from one attorney. Details.
Repose Period in Legal Malpractice in Illinois
Here is a subscription only short report on a case in Chicago where their Supreme Court is considering a “repose” period in legal malpractice. Details.
Compulsory Legal Malpractice Insurance in Minn ?
For all the usual reasons, the Supreme Court of Minnesota is considering compulsory Legal Malpractice insurance there. Details.
Flip Flop on Weil Gotshal Legal Malpractice Case
On Friday, the judge floated the possibility of questions concerning earlier alleged conflicts of interest in the Michael Bolton case. Today the NYLJ reports that no such questioning will take place. See Friday’s report for background.