Malpractice Suit Against 3 Law Firms Gets 2nd Life

Law360, New York (July 16, 2009, 9:34 PM EDT) -- Partly reversing an earlier order tossing the case for lack of standing, a federal judge has revived a suit brought by a defunct investment fund's court-appointed receiver accusing three law firms – Cohen & Werz LLC, Certilman Balin Adler & Hyman LLP and Lum Danzis Drasco & Positan LLC – of malpractice and looting related to investor fraud.

Judge Kimba Wood of the U.S. District Court for the Southern District of New York on Wednesday granted the receiver's motion for reconsideration of the dismissal order and...
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