JPMorgan Ousts Squire Sanders In South Edge Bankruptcy

Law360, New York (October 17, 2011, 8:43 PM EDT) -- JPMorgan Chase Bank NA on Friday succeeded in disqualifying Squire Sanders & Dempsey LLP from representing developer South Edge LLC in its bankruptcy proceedings when a Nevada federal judge agreed that the firm's simultaneous representation of the bank in other matters presented a conflict, according to a source.

JPMorgan blasted Meritage Homes Corp.'s bid to keep SSD as counsel for South Edge's bankruptcy early Friday, saying the homebuilder's defense of an alleged conflict of interest “strains the bounds of credulity.”

“JPMorgan now has the problem every...
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