Proskauer Malpractice Suit Not Time-Barred: J&J Heir

Law360, New York (January 23, 2012, 4:49 PM EST) -- The grandson of a Johnson & Johnson co-founder told a New York state court Friday that it wasn't too late for him to sue Proskauer Rose LLP and two attorneys for giving him bad advice about selling his J&J shares to avoid taxes.

John Seward Johnson Jr., an artist and a grandson of J&J co-founder Robert Wood Johnson, alleges along with his wife that Proskauer Rose firm attorney Jay D. Waxenberg and former head of Proskauer Rose's tax department, Ira Akselrad, advised them to follow a...
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