Reserve Drops Dechert, K&L Gates Malpractice Suit

Law360, New York (February 17, 2009, 12:00 AM EST) -- Just over a month after mutual fund management company Reserve Management Co. Inc. sued Dechert LLP and K&L Gates LLP for malpractice, the company has voluntarily dismissed the suit with prejudice.

Reserve filed a notice of dismissal on Friday in the Superior Court of the District of Columbia. The dismissal notice did not contain any information about why Reserve was dropping the suit before the firms had a chance to file responses. Neither an attorney for Reserve nor a company representative returned messages seeking comment....
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