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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!