Pa. Tycoon's Fraud Suit Tossed In Feud With Schnader Atty

Law360, New York (May 23, 2013, 1:58 PM EDT) -- A Pennsylvania federal judge on Tuesday tossed a suit brought by billionaire businessman and philanthropist Raymond Perelman alleging his longtime friend and lawyer, Arlin Adams of Schnader Harrison Segal & Lewis LLP, defrauded him in a $24 million deal with Perelman’s son in 1990.

U.S. District Judge Eduardo Robreno threw out Perelman's claims that Adams, a former Third Circuit judge, was professionally negligent when he didn’t follow Perelman’s instructions to draw up a series of business transactions to transfer 13 subsidiaries to Perelman’s son Jeffrey in...
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