$12M Sidley Austin Malpractice Suit Came Too Late: Judge

Law360, New York (November 18, 2011, 4:29 PM EST) -- A New York state judge ruled Thursday that it was too late for Infinity Capital Management Ltd. to sue Sidley Austin LLP for legal malpractice for allegedly abandoning the hedge fund manager when it faced a crippling margin call from fellow firm client Citigroup Inc.

Judge Shirley Werner Kornreich rejected Infinity's notion that the three-year statute of limitations on the lawsuit, filed March 29, hadn't expired because Sidley Austin's representation continued after the March 2008 margin call as it advised Infinity on the liquidation of the...
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