Suit accuses Sullivan & Cromwell of employing ‘creative but misleading strategies’ that aided FTX fraud

A proposed class action lawsuit filed by investors in cryptocurrency exchange FTX accuses Sullivan & Cromwell of aiding and abetting fraud by providing legal services that went “well beyond” usual legal work.

Feb 20, 2024 4:00 PM CST

Baker & McKenzie can be sued in Chicago for work by Russian entity, Illinois appeals court affirms

A judge in Cook County, Illinois, did not abuse his discretion when he ruled that Baker & McKenzie LLP can be sued in Chicago for alleged malpractice by a former Moscow outpost on behalf of overseas clients seeking to reclaim a Siberian coal mine.

Feb 20, 2024 11:19 AM CST

What to do when friends or family members ask for legal advice

“It’s never going to go well,” Arizona attorney Lynda C. Shely says about the prospect of representing anyone you are close to, including family members and friends. Shely, the immediate past chair of the ABA Standing Committee on Ethics and Professional Responsibility, works in private practice and has advised more than 2,500 law firms around the country on legal ethics matters.

Jan 25, 2024 8:34 AM CST

Holland & Knight accused of mistakenly sending over $3M to hackers

Holland & Knight is citing a lack of jurisdiction in a motion to dismiss a lawsuit accusing it of mistakenly sending $3.1 million to hackers using a Hong Kong account for a furniture store.

Dec 8, 2023 10:19 AM CST

$175M suit accuses BigLaw firm of ‘critical drafting errors’ and ‘sloppy and imprecise’ contract language

Two energy companies allege that Winston & Strawn bungled two intertwined contracts involving the purchase of Southern California oil and gas wells, leading the two clients to give up a 25% equity stake in their businesses while receiving nothing in return.

Nov 9, 2023 10:24 AM CST

Proskauer settles suit claiming 1 contract clause caused client’s $636M loss

Proskauer Rose has settled a lawsuit claiming that a clause that the law firm added to a contract in a “botched cut-and-paste” caused a client’s losses of around $636 million.

Sep 27, 2023 11:21 AM CDT

Did 1 contract clause cause Proskauer client’s $636M loss? Judge refuses to toss malpractice suit

A Massachusetts judge has refused to toss a $636 million malpractice lawsuit contending that a botched contract drafted by Proskauer Rose caused its client’s loss of a minority interest in a hedge fund.

May 17, 2023 2:48 PM CDT

Alleged cut-and-paste mistake wasn’t reason for client’s claimed $636M loss, Proskauer argues

Proskauer Rose is arguing that a bad business partner—and not a drafting mistake—is to blame for a client’s losses, which are alleged to be around $636 million.

May 11, 2023 2:56 PM CDT

Weekly Briefs: Judge orders reform of school-funding system; BigLaw malpractice suit settles

School-funding system violates state constitution, judge says

A Pennsylvania judge has ruled that the state’s school-funding system, which is heavily dependent on local property taxes, violates the state constitutional rights…

Feb 10, 2023 2:44 PM CST

Legal malpractice payouts are the highest on record, insurance broker reports

Payouts for legal malpractice claims are at an all-time high, according to a new survey by insurance broker Ames & Gough. Ames & Gough surveyed 11 leading legal malpractice insurers about claims paid from 2019 to the middle of 2020.

May 18, 2021 8:57 AM CDT

Can businesses require employees to get a COVID-19 vaccine?

Employment lawyers are beginning to field questions from employers about whether they can require workers to be vaccinated for COVID-19.

Dec 8, 2020 1:05 PM CST

Lawyer who represents whistleblowers loses malpractice insurance because of ‘high-profile’ work

The Hanover Insurance Group has refused to renew malpractice coverage for the lawyer representing the whistleblower whose complaint led to impeachment proceedings against President Donald Trump.

Aug 25, 2020 9:38 AM CDT

The new world of litigating workplace disputes with social media

Social media has undoubtedly changed the way we communicate, receive news and stay connected in our personal lives. But social media is a headache, once we consider legal and compliance best practices when such interactions in the workplace go awry.

Jun 17, 2020 8:30 AM CDT

Coronavirus cancellations mean revenue loss, potential liability

The designation of COVID-19 as a pandemic has affected tens of thousands of business and consumer contracts. Lawyers were suddenly swamped with questions about contractual provisions for delays or cancellations, and they found themselves immersed in force majeure provisions, common law doctrine and specifics on business interruption tucked away in insurance agreements.

Apr 2, 2020 9:46 AM CDT

3rd Circuit says lawyer isn’t liable for alleged malpractice of husband who listed partnership on letterhead

A legal malpractice plaintiff can’t hold a lawyer liable for her husband’s legal work when the plaintiff didn’t rely on representations that the lawyers were practicing together, a federal appeals…

Aug 23, 2019 12:54 PM CDT