$12M Sidley Austin Malpractice Suit Not Time-Barred: Atty

Law360, New York (September 15, 2011, 2:29 PM EDT) -- An attorney for Infinity Capital Management Ltd. on Thursday told a New York judge that Sidley Austin LLP should face legal malpractice allegations after abandoning the hedge fund manager when it faced a crippling margin call from fellow firm client Citigroup Inc.

The law firm didn't tell its European client that Citigroup — which served as the prime broker, custodian and administrator of Infinity's hedge fund — was also a client until Infinity asked it to referee when Citigroup demanded the margin call and ultimately cost...
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