Proskauer Says J&J Heir's Malpractice Suit Time-Barred

Law360, New York (October 03, 2011, 2:03 PM ET) -- Proskauer Rose LLP on Friday told a New York court that a grandson of a Johnson & Johnson co-founder waited too long to sue the law firm for its advice to sell many of his shares to cut his tax bill.

John Seward Johnson Jr., an artist and a grandson of J&J co-founder Robert Wood Johnson, along with his wife allege that Proskauer Rose and two of its attorneys advised them to follow a complex, multistep tax strategy and sell off some of the Johnson &...
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