Akin Gump Docs Should Doom Securities Suit: USAE

Law360, New York (August 10, 2011, 2:08 PM EDT) -- U.S. Aerospace Inc. said Tuesday that a California federal court should toss a securities suit against its officers because plaintiffs used confidential information gleaned by law firm Akin Gump Strauss Hauer & Feld LLP in building their case.

Noteholders CAMOFI Master LDC and CAMHZN Master LDC used information protected by attorney-client privilege in developing their case accusing a pair of USAE officers of using their dominant board position to enrich themselves while leaving shareholders in the dark, USAE said.

“The only way to completely preserve the...
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