Heller Ehrman Skirts $100M Malpractice Claim Over IP Mishap

Law360, New York (November 21, 2012, 9:48 PM EST) -- A California bankruptcy judge on Wednesday held that Iris BioTechnologies Inc. waited too long to file a malpractice claim against Heller Ehrman LLP despite its allegations that the defunct firm’s failure to notify it of an expired patent application cost it $100 million.

U.S. Bankruptcy Judge Dennis Montali denied the biotechnology firm’s motion to file the late claim, finding that Iris executive Simon Chin had the means of obtaining the information that the application had expired and that his failure to protect his own company was...
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