Posted Mar 09, 2012 03:05 pm CST
Saying that Jacoby & Meyers has no standing to challenge a New York legal ethics rule against non-attorney ownership of law firms because the well-known personal injury firm has not been harmed by the rule, a federal judge in Manhattan on Thursday threw out the firm’s lawsuit, Reuters reports.
“The ruling they seek would be a purely advisory declaration of the sort that is forbidden to federal courts,” wrote U.S. District Judge Lewis Kaplan.
An earlier ABAJournal.com post provides further details about the case.
Bloomberg: “Mercedes Dealer Is Among Potential Investors in Jacoby & Meyers Law Firm”