2nd Circ. Revives $85M Statek Claim Against Coudert In Conn.

Law360, New York (February 28, 2012, 4:03 PM EST) -- The Second Circuit on Tuesday revived Statek Corp.'s $85 million malpractice claim against bankrupt law firm Coudert Brothers LLP, saying the lower court was wrong to apply New York law to the case when Statek originally filed the suit in Connecticut.

The appellate court said that since the case was moved to New York bankruptcy court when Coudert Brothers filed for Chapter 11, while Statek's Connecticut suit was already underway and without Statek choosing that forum, Connecticut law — with its longer statute of limitations —...
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