Katten Settles $69M Malpractice Row Over Lending Scam

Law360 (November 25, 2019, 4:38 PM EST) -- A Missouri federal judge on Monday dismissed a malpractice suit against Katten Muchin Rosenman LLP after it settled the matter with several corporate entities linked to a decade-long payday lending scam that resulted in a $69 million judgment against the companies.

Katten has settled a dispute with a lending outfit that said the firm's failure to give advice on consumer protection laws led to a $69 million judgment for the Consumer Financial Protection Bureau. (Getty)

U.S. District Judge Stephen R. Bough agreed to dismiss with prejudice the suit against the firm, which the companies had sought to hold liable for a...

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