9th Circ. Says No Malpractice By Quarles & Brady In Loan Suit

Law360 (September 12, 2019, 7:30 PM EDT) -- The Ninth Circuit declined to revive a lending company's $16 million fraud suit against Quarles & Brady LLP, ruling Wednesday none of its eight theories backing its professional malpractice claims involve a genuine issue of material fact.

In an unpublished, unanimous decision, the panel agreed with a lower court's finding that GemCap Lending hadn't been able to show how Quarles & Brady partner James Gatziolis concealed doubts about GemCap's ability to collect on loans made to a Quarles & Brady client, Crop USA Insurance Agency Inc.

The panel quickly addressed and rejected each of the eight breach theories, as well as...

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