Paul Weiss, MIG Spar Over Limitations In 2nd Circ.

Law360, New York (February 16, 2011, 3:26 PM EST) -- The Second Circuit on Wednesday heard arguments over whether the statute of limitations has expired on allegations that Paul Weiss Rifkind Wharton & Garrison LLP improperly drafted a certificate of designation for MIG Inc. that triggered a shareholder suit leading to its bankruptcy.

MIG’s attorney Mark W. Moody told the U.S. Court of Appeals for the Second Circuit that Paul Weiss’ work for the telecom company in the years after the firm drafted, negotiated and filed a COD for the company’s preferred stock in 1997 had...
To view the full article, register now.