Fried Frank Sued For $80M Over Co.'s Tax Sharing Deal

Law360, Houston (November 19, 2012, 9:17 PM EST) -- Millennium Chemicals Inc. on Wednesday lobbed an $80 million suit at its former parent company and Fried Frank Harris Shriver & Jacobson LLP, alleging a partner with the firm helped cheat the company out of benefits under a tax sharing agreement.

Millennium claims its former parent Hanson Building Materials Ltd. and Fried Frank partner Richard A. Wolfe tricked it into signing away its rights under the deal, which was designed to compensate it for $65 million in environmental cleanup costs it incurred before splitting from Hanson....
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