DLA Piper Skirts $17M Malpractice Suit In 2nd Circ.

Law360, New York (September 25, 2013, 8:37 PM ET) -- The Second Circuit on Wednesday threw out a $17 million malpractice suit over DLA Piper’s handling of a licensing and loan deal for a now-bankrupt furniture company, affirming a lower court decision.

A three-judge panel from the appeals court said DLA Piper did not commit malpractice by failing to ensure that furniture company Joseph DelGreco & Co. made a $767 interest payment to a Taiwanese supplier. DelGreco, which filed for bankruptcy after the loan agreement and a linked deal to license furniture designs broke down, had...
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