Analysis

Fox Rothschild Ruling Tames Fears Of Nonclient Claims In NJ

Law360 (January 17, 2020, 8:02 PM EST) -- The New Jersey Supreme Court's recent refusal to saddle Fox Rothschild LLP with a fiduciary duty to a victim of incarcerated Ponzi schemer Eliyahu Weinstein caged what many law firms consider a growing menace of claims brought by nonclients shouldering major financial losses, experts said.

In its Jan. 9 decision, the high court declined to widen the scope of obligations firms have to third parties, finding it would be an "impractical burden" to require lawyers to inquire about the source of funds they're asked to safeguard by clients.

While the scammed investor's arguments didn't sway the court, there's no shortage of...

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!