A Colorado court has ruled that a law firm had no liability for failing to disclose to a client that one of the partners working on his case suffered from alcoholism and had a history of arrests.
The “presumption of prudence” did not apply to bar an ERISA class action alleging that the plaintiffs’ pension plans invested in employer stock at prices that plan fiduciaries knew were inflated, the 9th U.S. Circuit Court of Appeals has ruled in reversing a dismissal.
Proof of malicious intent is not required to prevent the bankruptcy discharge of a debt that arose from a trustee’s self-dealing.
WASHINGTON – A quarrel between family members may sometimes lead to someone saying: “I didn’t mean to hurt you.” Justices of the U.S. Supreme Court are considering whether that sentiment is enough to get a breach of fiduciary duty judgment discharged in bankruptcy.
A recently filed malpractice suit seeks to hold the D.C. law firm of McDermott, Will & Emery liable for the alleged theft of a California inventor’s confidential information.
Published: January 7, 2013
Tags: breach of contract, breach of fiduciary duty, deceptive trade practices, ethics, fraud, legal ethics, mass tort, negligence, referral fees, settlements, silicosis litigation
The beneficiaries of a revocable trust had standing to sue the trustee for breach of fiduciary duty allegedly committed while the settlor was alive, the California Supreme Court has ruled in reversing judgment.
Medical providers could not sue an attorney for failing to pay them from the proceeds of personal injury settlements held in his lawyer trust account, the Colorado Supreme Court has ruled in affirming judgment.
In a case that could have been pulled from the pages of a detective novel, a Florida jury has awarded $28.8 million to the brother-in-law of the King of Jordan over an oil contract with an American businessman.