Paul Weiss, Lowenstein Sanctioned In Perelman Suit

Law360, New York (June 16, 2010, 12:19 PM EDT) -- A New Jersey judge has doled out sanctions to lawyers from Paul Weiss Rifkind Wharton & Garrison LLP and Lowenstein Sandler PC, saying they helped billionaire Ronald O. Perelman pursue a frivolous claim to inherit half the estate of his disabled 84-year-old father-in-law.

Judge Ellen L. Koblitz of the Superior Court of New Jersey said during a June 9 hearing that any competent attorney should have been able to see that Perelman's assertion that father-in-law Robert Cohen made a promise to give half his estate to...
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