Orrick, Ex-Thornburg Execs Fail To Stop Fraud Suit

Law360, New York (October 15, 2010, 7:39 PM EDT) -- A federal judge has kept alive a trustee's claims of legal malpractice against an Orrick Herrington & Sutcliffe LLP partner, as well as some claims of corporate malfeasance against former executives of Thornburg Mortgage Inc., who allegedly conspired to siphon assets from the bankrupt lender to start a new business.

Judge Richard D. Bennett of the U.S. District Court for the District of Maryland handed a partial victory to court-appointed trustee Joel I. Sher on Thursday, denying a raft of motions to dismiss filed by Orrick,...
To view the full article, register now.