Foley Lardner Malpractice Win Upheld In Ill. Appeals Court

Law360, Los Angeles (July 19, 2012, 9:40 PM EDT) -- An Illinois appeals court has affirmed the dismissal of a malpractice suit against Foley and Lardner, which was accused of breaching its duty to the investment bank Blue Water Partners by setting up a rival brokerage firm, ruling the complaint was time-barred.

In a 2-1 ruling issued on July 13, the appeals court said BWP's complaint was barred by the applicable statute of limitations, noting that company's attorney-client relationship and its former counsel ended in 1995. Additionally, the court backed up a previous finding that Foley...
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