Mining Co., Duane Morris Settle $100M Malpractice Suit

Law360, Wilmington (May 31, 2011, 7:24 PM EDT) -- U.S. Precious Metals Inc., a mining company with extensive mineral rights in Mexico, agreed Thursday to dismiss a $100 million legal malpractice lawsuit against Duane Morris LLP in New York state court.

New York Supreme Court Justice Shirley Werner Kornreich signed an order dismissing the suit with prejudice on agreement between the parties. USPR said it would pay $1.6 million of the outstanding legal fees, according to a U.S. Securities and Exchange Commission filing. The deal allows the company to pay the balance over the next...
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